Grow stage role, they want family to relo to bay area. Head of Product (sr. dir) $100k signing $250k salary $500k options $100k bonus (50/50 personal/org targets, no cap) Sounds good, but bay area is atrociously expensive compared to midwest. Can a young family of 4 thrive on 250k in the bay?
Yes
I think 250k base is good. You will get bonus and options for savings.
My base for moving to central Cali is 500k. With cost of living, taxes, etc, 250k is nothing for a family. Someone I know recently bought their first house and it was 1.4 million.
I mean with 500k it would mean you get to buy a house every 5 years with small spending. That sounds like you d be a rich mofo.
Is this a FAANG TC?
Not a FAANG. Previous TC was 700K, overseas.
700k wtf.
Looks like your TC will be closer to 500k, not counting signing bonus
Where did you get this number? The poster is getting options not RSUs
I think 250k base with bonus and stocks added should get you north of 300-320 which should be ok. A lot will depend on where you like, same money goes a long way in Santa Clara for eg vs Palo Alto
250k is 🆗 but you’ll be struggling. Housing is expensive. Prepare to spend $5k/month on housing at least.