Received an offer recently with a big sign on 80k. Someone told I should calculate TC as base + rsu/4 + sign on, because apple will make my TC more next year. But I still think there will be a year 2 cliff due to sign on. Anyone can verify that for a meet performance scenario? Thanks Ict 3/4 Update: Is a second year sign on bonus rare at Apple? Should I mention that for reducing the cliff?
With 80K sign on, you are almost guaranteed to have a cliff in second year. Your refresh will not make up. Cash bonus is ~10%. You can only count on stock appreciation🙏That being said, congrats on your big sign on
No clue who told you that, but it's not true (at least in all cases I've seen). Sign on bonus is basically a bonus to get you in, so you should not calculate it in your first year TC (some divide it by 4 and add it, which makes more sense). For the refreshers it really depends on the org. AI/ML ICT4 gave out an average of 120k (RSUs/4 years) and a cash bonus of 30k, and base raise of 4-5% this year for EE review (which is honestly pretty easy to get). This is based on the data that I got from Blind's internal channel and my own experience. So that'll add about 30+30+8=68 to your second year TC. Obviously the third year you'll have more because of the stacked RSU vesting from the previous year (so another extra 30k) and so on. This is assuming a flat RSU value (no appreciation or drop). So the cliff you'll see is not really that much in the second year (12k only).
Cool thanks. Mine likely being an ict3 given 2 yoe... cash bonus recruiter said 6-10%, does that support my guess? Cash bonus range not negotiable right?
Ah I see. The bonus percentage is not fixed, it depends on your performance, so it's not something that you can negotiate at the offer stage, but yes 6-10% seems right for ICT3.
RSUs with a cliff and annual bonuses that are paid out long after you earn them are two factors that usually make comp increase after a year. If you really want to know, find out the policies at Apple on bonus, raises, and refreshes, when they are granted, what periods they cover, if they are pro-rated, and how that relates to your join date. Make a spreadsheet and calculate your estimated comp for the next few years.
Thanks. bonus is annually. Only raise and refresh are extra for year 2. I am having a hard time to imagine how would those add up to 80k for year 2... Cause 100k refresh only gets to 25k yearly.
But when will you actually get paid your first year bonus? It would be highly unusual to get paid a full annual bonus during your first 12 months of employment. Usually it’s pro-rated based on how long you were employed during the bonus earning period.