Hi Everyone, I got an offer from Facebook for E4 recently. The breakdown is 160/360/40 I am on track to become L6 at Amazon and having trouble deciding if I should make the switch. I need some help in calculating how my TC looks like in FB for next 5 years to decide if its worth the switch. Here is the math below. Please let me know if it checks out. Note: FYI I am ignoring minor base increments for easy calculations. Note: I am assuming MA for rating. Note: Assuming E5 is my terminal role and I am happy staying there for a bit. First Year: -------------- 160K + 90K (360/4 initial grant) + 40K (Signing Bonus) + ~15K (10% Bonus) = 305K Now I know Facebook gives yearly refreshers of 70K to E4 at the end of the year. Lets make this 80K for easier calculation. Second Year: ------------------ 160K + 90K (initial grant) + 20K (80/4 First year refresher) + ~15K (10% Bonus) = 285K Let us assume at the end of second year I get promoted to E5. At which point I will get 120K refresher as E5. Also lets assume base becomes 190K (approximate number I got from levels.fyi) Third Year: ------------ 190K + 90K (initial grant) + 20K (first year refresher) + 30K (second year refresher) + ~25K (15% Bonus) = 355K I get 120K refresher again. Fourth Year: ------------ 190K + 90K (initial grant) + 20K (first year refresher) + 30K (second year refresher) + 30K (third year refresher) + ~25K (15% Bonus) = 385K At this point my initial grant is over and all I get is refreshers from previous years. Fifth Year: ------------ 190K + 20K (first year refresher) + 30K (second year refresher) + 30K (third year refresher) + 30K (fourth year refresher) + ~25K (15% Bonus) = 325K And from next year onwards the 20K gets replaced with 30K and TC becomes 335K until I get promoted to E6. Does this math check out??
Looks good. Stock price changes could really change what the comp looks like, too.
Good point. Yea assuming stock stays same.
It just feels weird that even after 5 years of grind, my end state is only 30K more than my start state.
When you're taking a 5 years view, your assumption of constant stock value and constant base doesn't hold. But yes for the sake of comparison with Amazon, it's reasonable to expect base rises and stock prices change of both companies to cancel each other out.
That's why you have to keep switching (if you're sole desire is a high TC only)
That’s how cliffs work. The idea is that you’re either so valuable that they give you a huge equity grant to retain you after year 4 or you go somewhere else and get a fresh initial grant.
Superfluous. Your performance drives your comp not tenure.
Also this. The numbers could be way off if you're a top performer.
Wayyyy off
Don’t forget all the amazing benefits that FB offers that Amazon can’t come close to.
Sounds about right