I got an offer from amazon recently. How do people compare RSUs if you work at a FAANG and have an offer at another FAANG ? Do you compare unvested RSU at existing employer with offered RSU + signon bonus at amazon ? is there any other way to do this ? asking because amazon and apple have different vesting cycles. Also its the first time i am moving from 1 FAANG to another, obviously with RSU involved at both places.
It is slightly more involved because you have yr 1-2 sign ons. Generally take fb or google one year stock and divide by five, add your base and the balance is yr 1 sign on..
Amazon usually loses as soon as you realize that refreshes are nowhere as good as their peers. They have a weird comp structure that is hard to compare with traditional ones, but even harder to compare favorably.
Thank you all. But I’m still unclear how to go about this. Can someone provide a guideline ? Never done this before and I don’t want to do the math wrong and realise I got low balled. Can someone from Apple or amazon chime in ?
Just compare it Year by year, excel is your friend here. First realize that for amazon tc for years 1= base + a signing bonus+ rsu @ 5% vested At fb/goog for the first year Tc = base + rsu @ 25% vested + sign on + EOY bonus Note we exclude refresh as those don’t kick in until yr 2 and that would be an incremental 1/16th of your total rsu grant. (25% rsu refresh vesting at 25% the following year)
Ghalib thanks. I already excelled it and I can tell that my TC per year at amazon is slightly higher. But I wanted to know specifically what my gains were in RSU. One way a friend suggested is to check if total $ value of 4 year grant given by amazon matches or exceeds the total $ value of unvested Apple stock. Doing this math - I see that unvested stock at Apple as an example is worth $100k in terms of original allocation value - Amazon’s total stock value is about $150k (number of units allocated multiplied by current stock price). It is an example and not my actual numbers. So by this I have to conclude that amazon is offering an extra $50K in stock value and moving will not result in a huge loss of Apple RSU Am I approaching this right ??
Yeah you could do it like that, but it is weird because of the magnitude of the sign on bonus at amazon in years 1-2 which is why I would look at things in aggregate personally than in isolation.
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You don’t compare Amazon and Google offers, you simply reject the Amazon offer regardless of the money
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