Sofi- worth joining? Principal level? Salary band?

Facebook
turnipfish

Go to company page Facebook

turnipfish
Feb 2, 2021 18 Comments

I’m considering a Principal PM role at Sofi in San Francisco. I’m a L6 at Facebook, current base is $230k, 20% bonus, and $650k stock.

What is the Principal PM role level at Sofi? It reports directly into the VP of product.

What salary should I expect? Similar/higher/lower? What about stock, now that it’s public?

How is the culture at SOFI?

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TOP 18 Comments
  • Facebook
    turnipfish

    Go to company page Facebook

    turnipfish
    OP
    Got the offer, and I’m taking it. For everyone’s benefit-
    Base- $280K
    Bonus- 20%
    Stock: $950K
    Total comp: $568K
    Feb 12, 2021 1
  • SoFi / Design
    jjjopoo

    Go to company page SoFi Design

    jjjopoo
    Everyone at SoFi is basically a principal PM. There are only 1-2 non principal PM. There’s a lot of title inflation. VPs are more like directors.
    Feb 2, 2021 3
    • SoFi / Design
      jjjopoo

      Go to company page SoFi Design

      jjjopoo
      Varies some only have 4-5, others have 7-9
      Feb 3, 2021
    • New
      LReg32

      New

      LReg32
      Some of the product VPs have zero years experience in product management. Coming out our technical project management roles at places like amazon and eBay.
      Feb 28, 2021
  • Amazon
    RobVanDamm

    Go to company page Amazon

    RobVanDamm
    @OP - Mind sharing how your experience has been with SoFi this far ? Worth considering for a PM role ?
    Aug 30, 2021 0
  • Amazon
    long spce

    Go to company page Amazon

    long spce
    I’d be impressed if they could match your current fb TC. Culture is pretty toxic from what I hear

    Also, make this a poll
    Feb 2, 2021 0
  • SoFi
    nwOY38

    Go to company page SoFi

    nwOY38
    It is true about the title inflation, it was a way to get around pay bands in product. I also don't know if Sofi could match your current comp, maybe if you get pre IPO equity and factor in the IPOE price.
    Feb 3, 2021 3
    • SoFi
      nwOY38

      Go to company page SoFi

      nwOY38
      In my understanding yes pay for Product is similar to one level lower for eng. I could be wrong though.
      Feb 6, 2021
    • New
      LReg32

      New

      LReg32
      Sofi product managers are paid well over the top compared to engineering. Grade inflation in product is crazy.
      Feb 28, 2021