Got an offer from magic leap and was wondering how good is it for SE Offer: base-145k, RSUs-4k units, no sign on bonus, annual bonus up to 15% of base Also how do I judge their RSUs since company isn’t public? Edit: Glad to see all the posts from ML employees as well. I guess I have other factors to consider too but I have accepted the position. Hoping all the people against joining were wrong about the SW team. Current TC: 142k YOE: 2
How promising are they?
Magic leap is still around?
Not in the consumer sector. They’ve pivoted to enterprise
I hope people are voting based on the offer and not just company image they have. Also anyone have any input on how RSUs for private companies work?
The company image will strongly affect the value of the RSUs. Because the company is private, the RSUs are fake money right now, so it's up to the voter's judgement how much it's worth.
Pretend that the RSU is somewhere between $10-20 a share based on current valuations. May go up or may go down or may never materialize.
You say stuff like never materialize and you still expect the OP to join? Come on man, wake up.
Stay at Qualcomm and keep interviewing.
What makes you say that? I was excited about working on AR tech and company financials seem fine as well
Company financials aren’t fine. :)
It’s fine but if you’re in Cali it’s not a *great* offer IMO. I’d value the RSUs at 0-5$ ea honestly. Magic leap has to survive and have a liquidity event. If you get to keep them after you leave (not sure) maybe 3-10$ ea. I’d value your offer ~185-190k TC personally , but in Cali a good SDE2 offer would be 275-315k . So if you can’t get a great offer, I’d join but ideally you can get something better (FYI I alreaady left ML for this reason)
As this wise man / woman has rightly said, I would push to get to 250k TC atleast.
Your profile says ML though but ok thanks. I spoke with others in FAANG and for 2 years exp 200k TC seems standard.
Thank you all for the responses and help. I have decided to take the position and am hoping to make the best of it. I truly think AR is a great field and that ML is great place to learn and grow. Also I’m a young guy and so can take on some risk. However I’ve recorded the cautions thrown at me as well and will be on the lookout. Thank you again.
Good luck man. And happy to have you at Magic Leap.
Welcome! See you on this side. Hope it works out for you :)
I am interested in ML, currently a graphics engineer but wanting to work remote. How do you like it so far?
How is 4000 units? Is it enough to make me rich?
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Won’t change the fact that it’s a good offer
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