L6 Amazon to PayPal PM. Offer evaluation

Amazon
Rswyx637

Go to company page Amazon

Rswyx637
May 18, 2021 26 Comments

I am currently L6 PM at Amazon in Seattle and just got an offer to PayPal (office in Austin). My friends/family are there and I want to move, but do not know local salaries and PayPal levels. is it a lowball? Where I can negotiate? Is the PM-III a downlevel from Amazon L6?

base 120K
RSU 95K (3-year equal vest)
bonus 10% = 12K
total 163K
sign-on + relo - 17K
YoE - 8 including 3 years PM

Appreciate any pointers!

#paypal #amazon #pm #offer #lowball

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TOP 26 Comments
  • Micron
    tuckfrumpp

    Go to company page Micron

    tuckfrumpp
    My god ! Paypal lowballed the heck outta you. An L6 PM should make at least 250K. Worst cast tc should be at least $200k. Austin is expensive.
    May 18, 2021 0
  • Amazon
    mez87ff

    Go to company page Amazon

    mez87ff
    Step down from amazon. Why don’t you look for better companies ?
    May 18, 2021 1
  • Amazon
    MeWE40

    Go to company page Amazon

    MeWE40
    Do not accept. Not a great offer.
    Plus you can move to Austin w Amazon.
    May 18, 2021 0
  • Amazon
    Cahi80

    Go to company page Amazon

    PRE
    Amazon
    Cahi80
    Do not go there. I know people who have joined as a director at paypal from amazon l6. TC target atleast 300k
    May 18, 2021 4
    • Amazon
      Cahi80

      Go to company page Amazon

      PRE
      Amazon
      Cahi80
      You are right, l6 is a big band. That is why there are people who went as a director after amazon l6 pmt to paypal. You are right about ops experience. If op has ops background then 300k may be difficult. I am talking about a pm tech from amazon.
      May 19, 2021
    • PayPal
      batbboy

      Go to company page PayPal

      batbboy
      I interviewed for PM Tech at Amazon for L6. I’m a PM tech at PayPal. Same level as op (op means original poster. Not operations). Even based on levels.fyi, Austin average for L6 Amazon is 210-215k. Not even Apple pays 300k in Austin for a PM. I agree op is low balled at PayPal, but 300k only in your dreams. I know Directors that don’t make 300k in Austin. I was in discussion with FB for Ic4 and even the numbers they quoted was no where close to 300k. 250k maxes out mostly for op’s experience.
      May 19, 2021
  • PayPal
    batbboy

    Go to company page PayPal

    batbboy
    PM here from PayPal Austin. My TC is 185k and this is 2 mo old offer. I have total 5 YOE and 1 yr as PM. Joined as PM3 T24. I’m considering it’s a low ball and low level for myself. Considering your exp, you should be at least T25 which is Sr PM1. And your offer should be easily 215k IMO. Push for 150 base, 150k/3 stocks, 30k joining and 10% yearly.
    May 18, 2021 2