This is an update from a previous post since I've received updated offers. Would love to get opinions. My main concerns are technical growth and maximizing compensation.
Reddit:
Salary: 190k
TC: 270k first year; 250k second, third years (3 year vesting)
Remote
Snowflake:
Salary: 180k
Bonus: 10%
TC: 325k for four years (4 year vesting)
Bellevue or San Mateo (no compensation adjustments)
Reddit does offer a 401k matching ($7k) while Snowflake does not offer any. Also, I don't have to pay rent currently due to living with family, so I would continue that if I chose to work with Reddit. I currently live in a state with one of the highest income tax rates (~10%). It does seem like rent in either San Mateo or Bellevue would cost me about $2,500/month, ~30k a year.
Reddit also has potential IPO upside, although I don't believe it will be a significant amount in the near future.
If my napkin math is right considering the additional expenses:
Reddit TC: 243k first year, 225k second and third years (after income tax)
Snowflake (Bellevue) TC: 288k every year (after rent and 401k contributions)
Snowflake (San Mateo) TC: 255k every year (after rent, income tax, and 401k contributions)
Please correct me if I'm wrong in these guesses.
For anyone who votes Snowflake, I'd also love to hear which location. San Mateo is the engineering hub - is it worth the compensation hit to be there?
YOE: 3
TC: 150k
#offer #evaluation #reddit #snowflake #tech
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comments
IMO, take snowflake. Reddit product is weak, future is bleak as they keep pivoting from their original mission to allow being anonymous, since anonymous browsing doesn’t help selling ads.
Don’t know much about San Mateo, but if it’s anything like the Bay Area living in Bellevue would be better.
I’ve lived in San Mateo and it’s way better. Although I also have a car here in the bay which makes things much easier.