Facebook non-tech IC5 offer
Current [Seattle]: $210k TC, $135k base, $75k RSU, L6 Designer, 10 YOE Facebook offer [Menlo Park]: $235k TC, $165k base, 15% bonus target, $180k RSU over 4 years, $40k sign on, IC5 I’m in year three at AMZN and no refreshers so far. Feel like this is the time to jump to get back to California. Can this work in the Bay Area? When weighing the opportunity cost of passing, I’m leaning yes.
You’ll end up saving less, these extra 25k will go in taxes. Try getting it increased. If its not about money, Bay area is a better place to move.
FB has higher refresher. AMZN RSU will drop to 0 after 4 years.
Better chance of career progress here but 25k bump is not that great
There are families living on <100k. There's no way 235k won't work in Bay area
It’s financially a lateral move, but since you want to be in the Bay anyhow it’s an upgrade. Go for it and spend time finding a (relatively) affordable living situation here. I’m as guilty as any but try not to optimize big life decisions around relatively small financial differences
I suggest you should also look at share price increase... $210k of Amazon would be $220-230k by end of year based on stock price appreciation. $235k at fb could be $245k .... reduces the gap a lot
Don't forget bonus multiplier. 20% for exceeds, 30% for greatly. When you make E6 its 20/25/40.
Yoe<3 for IC5? You must have done great in interviews!
Op said year three at Amazon, not yoe. Op probably gained experience before joining Amazon as well.
You can make it work. And for non tech IC5 that is a good offer at FB.
Seattle to Bay Area? I wouldn’t do that with only 25k more TC...