Guys, I am applying to FAANG but don’t want to waste my time. I have about $1.5M worth of unvested stocks at Microsoft. I am wondering if any of the FAANG companies won’t be able to compensate this loss as equity or by some other means. I am targetting Google L6/L7, Facebook E7, Amazon L7 and very likely would not accept anything below. Any tips dealing with my golden handcuffs would be appreciated!
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How long does that take to completely vest?
SDE? SDM?
Bring this up at the very beginning with your recruiter. That will tell you if it’s worth the time.
I don’t want to give them numbers in advance because that would lead to sure low balling from everyone!
Tell them you make x right now and are not looking to move without more than x. Looking for even more is hard but transferring your golden handcuffs is possible.
not FAANG but you could try LinkedIn, they allow you to keep your unvested stock when you transfer, I believe
Yeah def do this!
A LinkedIn L7 IC offer would probably be more than $1.5M over 4 years.
Yes interview and get an offer, tell them your stock bank and let them work some numbers. Probably won't be the same but they can make it up with cash bonuses, base and still make your a nice TC.
If they can't beat your current comp, then why not just transfer internally to a better team? And how many YOE do you have, impressive to see Microsoft go that high in comp
Microsoft has magically decided not to be a player in all of the areas I am most interested in :).
No company will give that to you as a sign-on bonus. It would be your equity grant. I'm not going to tell you the equity grant range but you just need to think about this, the companies know the pay scales of the other big players and at equivalent levels everything is obviously going to roughly match up. They know a lot more about the market pay rates than you and they are not going to waste their time either.
Anyone who has spent E7 equivalent for few years would accumulate similar level of unvested stock. If you say that no one compensates for this level of unvested stock then it only means one of two things (1) these people must lose money in order to switch companies, (2) your statement is false. I would love some more data!
You asked in your question if you could get it as sign on bonus.. I said no. Of course you can get it as equity.
So you want them to compensate you by giving you it in cash ON TOP OF the usual stock grant?? E7 at FB already gets 1M+ stock grants
Upper E6s could even break 1M
This is another thing I am wondering. Do they usually? In worst case, if they might say your stock grant already compensates for unvested stock then a major issue is that cost of housing difference (approx $1M) which it was supposed to cover originally now is off the table. That would be tough choice to make but I want to understand what are the usual norms here for golden handcuffs.
Dude, not asking for more money. Just want to break even for difference in cost of living and what has already been granted.
No, I just need same unvested stock schedule at new employer. I don’t think this is unreasonable for anyone to ask. We are people selling our time and talent. Why should we lose money?
Why do you want to leave?
Projects are becoming very boring at where I am. Given lack of challenges means management has no appreciation.