I got a standard L4 offer from Coinbase. The offer is barely higher than my current comp. What’s the career growth like at Coinbase? How long does it usually take to get promoted to L5? TC: ~250k YOE: 5
Whats the offer?
Offer is standard L4 offer: $165k base $75k stock / yr 5% bonus Other benefits like WFH stipend, etc
Every offer at this level is the same compensation. When you give the level, the compensation is implicitly stated.
I’m there now, growth is good seems easy to get to L5, I think 6 months showing you’re performing at the next level. Comp for L5 is good, 205 base 175k stocks 10% bonus, thing is instead of refreshers they reset the stock price each year, so you always get 175k at the price of the stock in february. Protects against downside but limits upside heavily.
Your current company DO, is doing something for the world, while Coinbase does nothing of sort.
Promos do not happen fast currently. Lot of attrition due to less career growth opportunities
^This. They just promoted a shit ton of people (including directors) so probably no promo for a year
How is work culture at digitalocean? Coinbase has strong pip culture
Promo to L5 is hard. Probably need 1.5-2 years to get promoted
Is it? One of my teammates just got promoted to L5, less than 3 years out of school. Assuming she started at L3 seems pretty quick.
Is it? One of my teammates just got promoted to L5, less than 3 years out of school. Assuming she started at L3 seems pretty quick.
Meh I don’t know. It varies from team to team and the role. We’ve had multiple promos on my team this year, including promo to L5. But earlier this year a few of us were told there was no business need for a promo in our roles. If you can make business impact and are on a team saving money/creating revenue, you’re prob on your way to a promo within a 12-18 months.
Roughly 18-24 months if all things align (including you doing good work). If market picks up it can be sooner.
Opportunity and ability both play a role. In the wrong situation, you can be great and it take 2+ years. In the right situation, I’d say 1.5 years with strong performance.
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You’ll drink some crypto koolaid. And then lots of it.
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