I got a verbal offer for a project manager role in genetech. How much should I ask in term of stock?? Please advice #misc #stockoptions #genentech #salarynegotiation #salary
I don’t think Genentech offers stock option as part of hiring package at the project management level.
Oh.. I was in the impression they will be giving stock options...
They do offer to existing employees as part of the yearly compensation review. They probably give options to executive levels when they hire them but not regular levels. You can always try and negotiate as part of your hiring package
Genentech usually offers equity to salaried employees, it may depend on the level. Ask your recruiter what level it is. If you can get the level, I will see if I can get you an answer. The amount of equity offered is typically a percentage of the base offered. Don’t hound your recruiter about equity before you interview
Genentech pay pretty low compared with tech companies. For a reference, its director level offer is around 230K TC.
Second this
Don't think that's right. At least for marketing. 230k might be the base. But I'm pretty sure that there is an almost guaranteed annual bonus to the tune of 40 to 50% including cash and rsus. I do agree though that the compensation would still not match FANGs. But probably comparable to other tech.