PayPal initial offer

Epsilon / Eng
GettingThr

Epsilon Eng

PRE
Epsilon
GettingThrmore
Apr 6, 2018 44 Comments

Got offer for SDE2 position at PayPal with Base - 119k, RSU - 30k/3years. I have Masters and 2 years of experience. Any suggestions on counter offer numbers?

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TOP 44 Comments
  • PayPal / Eng
    OnnC18

    PayPal Eng

    PRE
    Intel
    OnnC18more
    Great offer . The RSU is for 3 years not 4 .. I would say just take it ...
    Apr 6, 2018 7
    • Epsilon / Eng
      GettingThr

      Epsilon Eng

      PRE
      Epsilon
      GettingThrmore
      OP
      Thanks for that info. Do PayPal give signing bonus? Because the recruiter didn’t mention about that in the initially call.
      Apr 6, 2018
    • KPMG
      XSfi74

      KPMG

      PRE
      Deloitte, Accenture
      XSfi74more
      Bro..That's just your hiring manager telling you to take it. Haha
      Apr 6, 2018
    • Epsilon / Eng
      GettingThr

      Epsilon Eng

      PRE
      Epsilon
      GettingThrmore
      OP
      Haha ya that is very much possible now.
      Apr 6, 2018
    • PayPal Chipcode
      Oh yeah there is joining bonus and if you are relocating there is relocation bonus as well.
      Apr 6, 2018
    • PayPal / Eng
      OnnC18

      PayPal Eng

      PRE
      Intel
      OnnC18more
      Yep they do give sign on .. I got 30k
      Apr 6, 2018
    • PayPal ppnutella
      Ya there is sign on and relocation, negotiate for those. Base and RSU s are good for SDE2
      Apr 7, 2018
    • PayPal / Eng Prodo
      I didn't get any sign on bonus. Depends on your mgr. Have a counter offer to do better negotiation.
      Don't get discouraged by Bound numbers most of them are fake.
      Apr 10, 2018
  • That seems amazingly low.... But hard to tell without knowing what the comparable levels are
    Apr 6, 2018 5
    • Pinterest CPBd16
      If op doesn’t know any better, maybe op is worth that much or less
      Apr 6, 2018
    • Intuit Y2K-2
      Could have been you at one point, no need to be snarky.
      Apr 6, 2018
    • Agreed. Don't be mean bro
      Apr 6, 2018
    • Pinterest CPBd16
      It’s not a snark, it’s a real point. The offer may be fair given the position and op’s experience and negotiation position.
      Apr 6, 2018
    • Fitbit / Eng
      Cxgaaas

      Fitbit Eng

      PRE
      HotelTonight
      Cxgaaasmore
      He has 2 years, how would he know
      Apr 6, 2018
  • Google / Eng FastTyper
    This is a decent offer. Not great, but you're definitely not getting screwed to the wall.

    As others have pointed out, competing offers are key for leverage. I'm assuming the hiring manager will want to move quickly so you can make it clear that you won't move unless they offer you $60k in RSUs. Your risking a scenario where they'll pass you over for someone more "affordable" but that's the gamble if you want to maximize your potential earnings.

    Also, don't pay much attention to people from companies that haven't IPO'd being amazed at how "low" the offer is. They've got a distorted sense of reality because of the amount of paper money they've been offered. Good luck!
    Apr 6, 2018 1
    • Epsilon / Eng
      GettingThr

      Epsilon Eng

      PRE
      Epsilon
      GettingThrmore
      OP
      Thanks for positive words!
      Apr 6, 2018
  • PayPal perks
    That is a good offer OP. Although definitely ask for bonus. I was in exact same position few years back with similar experience. Got 35k bonus and 125k base after negotiating. Rsus were same. Hope it helped. All the best!!
    Apr 6, 2018 9
    • PayPal Chipcode
      What level ? 35k bonus is definitely not for SE2.
      Apr 6, 2018
    • PayPal perks
      Yeah it was SE 2
      Apr 6, 2018
    • PayPal Chipcode
      When did you join, if you don’t mind ?
      Apr 6, 2018
    • PayPal / Eng
      Udjoapen

      PayPal Eng

      PRE
      Amazon
      Udjoapenmore
      I got 45k joining bonus and 60k RSU/3 years when I joined as RCG
      Apr 6, 2018
    • Epsilon / Eng
      GettingThr

      Epsilon Eng

      PRE
      Epsilon
      GettingThrmore
      OP
      Thanks all, it helps a lot.
      Apr 6, 2018
    • PayPal Chipcode
      Oh man! They have increased the joining bonuses! When I joined as RCG, I got only 10k :(
      Apr 7, 2018
    • Epsilon / Eng
      GettingThr

      Epsilon Eng

      PRE
      Epsilon
      GettingThrmore
      OP
      Quick question - how many years of experience is needed for getting SD3 after Masters at PayPal?
      Apr 7, 2018
    • PayPal Chipcode
      It depends on the project, team, your performance and luck finally! Mostly 1-3 years.
      Apr 7, 2018
    • PayPal perks
      Chipcode is right. It totally depends on the interviews, team and the manager. Mostly 2-3 yrs are needed.
      Apr 7, 2018
  • Google minis
    Probably good by normal standards but super low by blind standards... should at least be 125k, rsu 100k+
    Apr 6, 2018 2
    • PayPal / Eng
      OnnC18

      PayPal Eng

      PRE
      Intel
      OnnC18more
      Even Google doesn’t give 125k base to new grads .. RSU agreed is less but it’s the start of career ..
      Apr 6, 2018
    • Google minis
      Hmm with master +2yrs exp, 125k should be within range no?
      Apr 6, 2018
  • Pinterest CPBd16
    You should have actual counter offers and your own goal for what you are worth. Blind posts aren’t going to help you.
    Apr 6, 2018 0
  • PayPal cAyn22
    The salary is not good... but realize that this is not going to be your last job. You still have a long way forward. You could/should move to a different role in or outside of PayPal in a couple of years that is more rewarding. As @jlBv56 mentioned, the role is what matters

    Some hard truth - in a couple of years and with a *promotion*, your salary would be 135-140k max and expect a yearly average stock refresh of 35k ish (vesting over 3 years) and 10% average bonus. This is no way comparable to the big players. But just be prepared to accept it!

    And... I think you should push your recruiter hard for a better 💰. Hiring is very very hard and if your team thinks you were important, they will shell out more money. It is better to push earlier than later. TRUST ME, IT IS VERY VERY DIFFICULT TO GET AN UNSCHEDULED RAISE OR RE-NEGOTIATE ONCE YOU JOIN PAYPAL. The team might end up paying say $150k for an external hire than paying you say $10k more.

    And it just took me 15 months from the time I asked to a raise to the point I actually got one (from a promotion). I wouldn’t complain my boss either... that’s how my org worked :(
    Apr 7, 2018 2
    • PayPal perks
      Setting some expectations clear. Nowadays they are giving peanuts of salary raise as part of yearly perf review (1-3%) and for promo as well as (5-7%). So 140k is not realistic to reach from 119k in 2 years on base. The stock grants are getting better although nowhere close to fang. So I would suggest to negotiate hard while coming in. There isn't much you can do after that.
      Apr 7, 2018
    • PayPal cAyn22
      I wanted to say 135-140k over *3* and not 2 years. But with clarification from @perks, you are looking at high 120k or low 130k provided you get a promotion. IT IS VERY IMPORTANT THAT YOU GET A GOOD PAY WHEN YOU GET IN. You would quickly end up regretting otherwise
      Apr 7, 2018
  • PayPal jIBv56
    Leave the salary aside for a second.
    Do you believe this position is what you want?
    Will that position challenge your skills?
    Is it a place you see yourself growing in the next 5 years?

    If one of the answers is No. Then the salary is not the question, and move on to the next place.
    If you believe in all the above. Ask a bit more and go for it.

    If you'll push too much, they will drop your position. That's what I was doing if I find someone too greedy...
    Apr 7, 2018 2
    • Salesforce PNlK41
      Who stays at a job for five years in the bay?
      Apr 9, 2018
    • PayPal jIBv56
      I personally not located in the bay area, but I know many people from my company at the bay who are more than 5 years now...
      Apr 9, 2018
  • PayPal Chipcode
    That’s a standard for SE2. Try to negotiate on the RSUs. It’s very hard to grow once you are in.

    PayPal is not the best pay master. It’s probably 3rd or 4th tier company in Bay Area so don’t compare with FANG.

    I would suggest you to interview at some more companies and try to get at least another offer. That way there is some leverage.

    If you are in a hurry to jump ships, then that’s a standard for an SE2 and you can accept it.

    Check with the recruiter on our other benefits and bonus plan. They do have ESPP and 100% 401k matching.

    Bonus is 10% for your level. 50% is company based performance and the remaining 50% is your performance. The company’s component is paid in stocks and your part is paid out in cash.
    Try asking your recruiter how this works.

    Also, there is yearly RSU refresher. Hikes are crap. On an average people get 1-3%. So negotiate very hard on the stocks for which you need to have some counter offers.
    Apr 6, 2018 1
    • PayPal Chipcode
      But, i would suggest you to interview at FANG! Work at PayPal is not the best and culture is something that I don’t like! There are generally too many people and very little good work! You have to be political and sometimes good at dog fight! If you have time interview more at next tier companies!
      Apr 6, 2018
  • Amazon / Eng ama64
    Pretty good offer. That’s what I was offered for PayPal in 2011 with 8 years of experience.
    Apr 6, 2018 0
  • PayPal rGTf01
    As others indicated base should be at 125k and rsu around ~60k
    Apr 7, 2018 1
    • PayPal cAyn22
      I would recommend asking for $130k and you might be offered $125k. Do they really give $60k in RSU ?
      Apr 7, 2018
  • Microsoft HDnI53
    2 years US experience? Prior to Master's?
    Apr 6, 2018 1
    • Epsilon / Eng
      GettingThr

      Epsilon Eng

      PRE
      Epsilon
      GettingThrmore
      OP
      Yup, I have experience after Master’s in US.
      Apr 6, 2018
  • In general .. Any happening non start up company in the valley can easily beat PayPal offer
    Oct 6, 2018 0

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