Got an offer for $320k all cash for Netflix L4. I’m grateful for the offer, but it’s only a 10k boost from my current TC so I don’t know if it’s worth it. How can I go about negotiating this offer (if at all)? 2 YoE, current TC: 310k Edit: Netflix bumped to 350k
it's all cash and it's netflix. if you have competing offers try to boost otherwise take it!
Just tell them what amount you need to move. It’s simple when it’s all cash. Either they go for it or they hire someone else. They likely won’t move much, $320k TC is pretty good for L4 and making it all cash is great. Personally I would not leave Google for Netflix at L4. Promo from 4 to 5 at Netflix is very vague and raises are not guaranteed. Google will continue increasing your TC with refreshers for two years and maybe you can make L5 by then and interview elsewhere again.
Thanks for the reply! Is L4 to L5 promos at Netflix worse than Google? I can’t see myself getting L5 at Google for the forseeable future (year and a half) at least, promo here in general feels slow.
310k cash > 310k (cash + stock)
google stock is under performing so i’d have to agree with @secengr instead put it into s&p… better performance…
Yes and no, technically 310K cash + stock allows for time in the market for future years. That can be a downside if things go to crap, and it's fair to wonder if we're overdue for a market correction, but if you assume the stock performs at roughly average returns of ~7%, then your Year 2 portion of stock is roughly ~7% more than the cash equivalent, Year 3 is ~14.5% higher, Year 4 is ~22.5% higher.
There is nothing to be grateful for that offer.
You would be batshit crazy to leave google
Just curious, why? I feel I can always come back to Google down the line. Have had good ratings and good relationships with peers
Stay with Google unless you can get a significant bump.
Curious as to why? Isn’t Netflix culture and WLB pretty good too?
Most tenured ICs are coasting on their way out of here. It's ok for juniors.
Congrats on the offer! I’d take a call based on likelihood of promo at G and if you think there is reasonable upside to the stock still. All cash atleast guarantees 320k. Could you share how much time after the on-site you heard back?
Thanks! I heard back a week after the onsite.
Negotiate. Ask for at least $350k “I’ll accept the offer today if you can make it $x”
Thanks, this is helpful 🙏
how did you get the interview? I tried apply many times but ever heard back. Thanks for any suggestions
I’ve had the same experience with Meta haha, can’t ever get a call back. But I applied with a referral of someone who I had worked closely with in the past.
Make sense, I don’t know anyone in Netflix:(
Wow, so you have a PhD or something? Seems like great tc for 2 yoe
Nope, I have a masters though. Got promoted to L4 last year, then refreshers and stock price increase at Google got me to 310k.