FB Business Development IC6 offer
I thought I would share my experience and pay it forward. i received an IC6 offer for Business Dev role at Facebook the initial offer was: $207k base 20% bonus $160k RSU over four years round 1: i countered with $200k RSU and $275k base- and said I would be open to it being paid in stock instead result: got $25k sign on and nothing else round 2: I countered with $220k RSU. i used to work for a fintech but now work for a non tech firm which provides a pension so I pointed out I would be walking away from a pension that I would be eligible for in 4.5 years (long story) result: they offered $200k RSU and said this was the best offer and I accepted overall, I am rather lukewarm about the package because after taxes and paying rent in SV, I would end up almost exactly the same unless there is a good multiplier. i am excited about the role and product though. they also would not budge on vacation days as I get 9 more per year in my current job and new staff here would get 7 more than FB’s final: $207k base, 20 percent bonus, $200k over 4 years RSU, 25k sign on if anyone got ic6 business dev offer, would love to hear if I got a low ball RSU offer to start with can I get a better package in two years time? how long does it take to move from IC6 to ic7 in FB business dev?
Is that a normal stock grant for IC6? I would have assumed closer to 2x that amount
I am also wondering if my stock grant is a bit low
This is for non-eng. Much lower than eng RSUs.
No that’s really low RSU. You should be getting $500k for L6 non-eng
A little off topic. But curious what is a "biz dev" role mean at FB? Is it selling new strategic partnerships? Or related to finding/ developing new rev opportunities? Or something else
Developing partnerships- no selling but let’s keep it on the compensation topic. Those currently at Facebook, is there I could find out what the RSU grants for business dev should be?
I’m semi-aware of the org salaries in that range and it doesn’t sound too bad. I started as a IC6/M1 in a non-Engg role and I got $190k base, $200k RSU, $40k sign-on. Got promoted to M2 this year (after 2 years) and it got bumped up to $225k, 25% bonus
I’m not at FB but I’d assume 100–120k/4yr depending on ratings
Non Eng only gets 1/2 or 1/3 of RSUs that eng gets. As an IC5 I got $150k/4 years
Thanks! For what role? This makes me think that the $160k/4 years initial offer was indeed low for IC6.
I will dm you
Curious, what does l6 map to at other Ent companies? What’s your title? (Feel free to PM if uncomfortable posting publicly). I’m also in BD/CorpDev
I sent you a PM
OP your offer is basically 300k TC or thereabouts. If you were coming from Google or Aapl then they would have offered slightly more but not too high. At Google l6 is about 320k tc so dont feel lowballed. Expect refresh around 90k per year
OP, FWIW here's the TC package Pinterest had in mind when I interviewed with them for a BD/partnerships IC role (IIRC it was L6 but that translates to Goog L5 *I think*): location: SF base: 170-185K equity: 250-300k 4yrs vesting sign-on: didn't get a number but got the feeling it would've been somewhere around the 20k+ mark relo: 15k As others have pointed out, your equity offer seems a little low for E6.
OP did you end up taking the offer?
Not sure what you’re expecting in some of this. Like vacation days are just a specific, set number, you can’t negotiate this. It’s just a company policy. You said they offered $200k base firm and you accepted, so final is $207k? Imma go double check and see if they added a free $7k to my offer after I accepted. The rest I can’t comment on because I don’t know much about biz dev TCs. I recently started as eng IC5 and can say my offer was slightly higher with $200k base and 15% bonus, but $400k/4y RSU and $35k sign on (because I’m a bad negotiator)
Edited to clarify that the $200k form is RSU and the $207k is base. For the vacation days, as they wouldn’t match (because it is company policy) I had asked if they would increase their offer accounting for the vacation days’ $ value. They said no
Ah I guess I mixed it up because all of your offer numbers look the same 207k 200k 25k 20%