Currently working at Amazon as a Sr Product Manager Technical (L6 PM-T) for over four years. Joined as L6 Sr Product Manager and last year moved to PM-T role. Current TC is $240K (with base $150K) after quite much appreciation in RSUs. Expecting a promo to Principal PM-T in Q3 2019. I am not sure how much raise I will get. Total experience 12 years (5 years as PM and 7 years as software engineer). Received an offer from Coupang for Sr Manager, Product Management role with Base: $200K Joining Bonus: $30K Stock Options: 40K vesting over 4 years @ 10K options per year Annual Bonus: average 10% (it can range from 0% to 20% based on individual performance and company performance) Location: Seattle I am not sure when Coupang will have IPO when their stock options will have value. Given this, is this offer lucrative? Thanks
Mind shooting some pointers on how to switch from Dev to PMT at Amazon?
My engineering experience is not from Amazon. I did full time MBA to switch to a PM role. Sometime, I regret this switch as engineers are well over paid than PMs. :)
Stock should be higher. Ask for 200k
Stay for principal for sure
How do they pay their senior engineers with about 6 yoe? Can they pay more than 200k tc?
No , if you join WalmartLabs ( assuming you are in the valley) you will make more
What is TC range at WalmartLabs for a Sr manager, PM role? I was recently contacted by their recruiter for a Sr PM role and they were not even close to match my current TC.
Sr PM makes more than 240K at WalmartLabs.
Hey op any update? Were you able to negotiate? How was the exp ? I got an offer for a principal engineer today and they were just throwing some numbers. If I accept their offer, overall I would be loosing like 150k. I was speechless. May be its time for me to try faangs only.
Did you finally negotiate?
Why join if the TC is less
1. My RSU grant is decreasing year over year at Amazon. So total TC will reduce until 2) Amazon stock keeps doubling every two years or 2) I get promoted where I get more RSU grant 2. The offered TC from Coupang comes at 200+20+70 = $290K given if I consider stock options worth what they are telling that current valuation is at $9B with $9 per stock option. Strick price is $1.9. + they are offering $30K joining bonus.