Cruise new grad SWE for their Seattle office: 129k base 75k/4 RSU (private equity) 10k signing 18.75k bonus How is this offer? Stock seems quite low, but does the future of Cruise look promising enough to be worth joining?
FWIW Amazon new grad offer for Seattle falls around 140-145K Year 1. So even if you discount all your stock due to illiquidity, you’re still par for the course. That being said, Cruise is a well funded startup that should probably have the means to up the numbers a little bit, especially if you have competing offers.
Cruise is owned by GM
Woops, totally slipped my mind! Hard to keep track of which companies are just under an umbrella 😅. I'd say compensation is quite reasonable given that
you forgot bonus which is probably 30% of your base
Updated. But it's not as much as 30%
Hmmm, okay. But overall not a bad offer. Try to get a competing offer!
I thought Cruise was owned by GM. How/when will their equity become liquid?
They are but they have their own Cruise private stock. Probably thru IPO
How will that become liquid?
For seattle this is a really good offer.
That looks like a solid offer. You could probably get away with asking for an RSU bump if you feel like it'll make you happier.
How was their interview?
Looks like a really good offer.
Jelly that you got a signing bonus as a new grad, and I didn’t working in the industry for almost 10 years. Looks like a great offer though
Heard from the director that we arent giving any new grad offers in seattle...?
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Actually 75k is pretty standard if it were a public company. Msft is giving out 75k and I think other fang have something similar