I (6 YOE) am in the final stages for opportinities in Chicago. My wife (4 YOE) is a PM at a public FinTech company in NY. (Had offer from FB, liked culture at fintech) I was hoping to get some insight into product careers in Chicago. Looking online, Uber is the only big company I see with positions. Anybody know what public or all cash comp companies have product in Chicago? Our other thought is moving into VC as there are many in Chicago? Context: Seattle has tech jobs for both of us that will pay, grow career, COL/taxes less. Thinking about 2 year sprint there then to Chicago to settle down as we like culture and have family there. My TC = 320K (Targeting 400-450 in Chi, L5 equivelent) Wife TC = 210K #chicago #productmanagement
Dude, I’m impressed at ur current TC with 6 YOE. I’m dubious at your target TC for Chicago. (Why would Chicago companies with less competition pay more than hot Seattle rates?) But more power to you! Hope you get it, and keep us posted.
Finance companies might not pay up if I don’t perform. So more volatile. Many don’t have big presences in NY and none in Seattle/SF. If I switch now, I think I could get L5 offers around 400 (https://www.levels.fyi/2019/) at tech companies. Not enough to switch as I enjoy Uber and refreshers will close the gap a bit.
GRPN has a strong Product presence in Chi. It’s hard for us to hire because the talent pool is so small, a result of very few companies having Product there. No chance in hell of hitting your target TC though - just not enough competition.
You’re way, way off for your target comp in Chicago, Director level roles don’t often pull much more than $200k TC in Chicago. I know this as I live here and I’m a Product Director for a Fortune 100 non-tech company and my TC of ~$280 is always regarded as above and beyond by all my Chicago friends in tech.
Uber pays way more than that. Do they just scoop up all talent in Chi? YOE?
Most folks I know are 5-6 YoE, I’m 6. I know 6 Sr Technical PM’s all of whom work for F100’S (all non-FAANG, 2 work for a big 4 consultancy) and the majority make roughly 120 base + 15-20% bonus. The vast majority don’t even get stocks. I can’t comment for Uber, but these are real life people I know, so a decent benchmark for me personally 🤷🏻♂️
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