Heard about a verbal offer today
Apparently they want to do (in sgd)
500k TC year 1 comprised of
Approx 265k base
250 K signing
400K TC year 2 comprised of
265 k base
135k signing
100 RSU
apparently higher 1st year signing as they want to attract me to the region (.sg)
16yoe, work in IT security C level.
Is this decent? Concerned about massive drop in year 2 (and 5% effectively 5 shares) in year 2 would be a massive drop from year 1 and year 3 no signing bonus and (15 shares + 265k base) seems like an even worse deal (if my sums are right, would effectively be a 300k TC in year 3 - so effectively 'losing' 100k per year).
Please advise
Want to see the real deal?
More inside scoop? View in App
More inside scoop? View in App
blind
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
FOLLOWING
Industries
Job Groups
- Software Engineering
- Product Management
- Information Technology
- Data Science & Analytics
- Management Consulting
- Hardware Engineering
- Design
- Sales
- Security
- Investment Banking & Sell Side
- Marketing
- Private Equity & Buy Side
- Corporate Finance
- Supply Chain
- Business Development
- Human Resources
- Operations
- Legal
- Admin
- Customer Service
- Communications
Return to Office
Work From Home
COVID-19
Layoffs
Investments & Money
Work Visa
Housing
Referrals
Job Openings
Startups
Office Life
Mental Health
HR Issues
Blockchain & Crypto
Fitness & Nutrition
Health Care & Insurance
Travel
Tax
Hobbies & Entertainment
Working Parents
Food & Dining
IPO
Side Jobs
Show more
SUPPORT
FOLLOW US
DOWNLOAD THE APP:
comments
Real offer changed vs what was communicated verbally (as it was subject to approvals apparently)
It’s no longer l7, it’s l6
260k base + 200k signon y1 + 5 shares
260 base + 100k singon y2 + 15 Shares
260 base + 40 shares
260 base + 40 shares
All in SGD except RSU.
C level security executive before my current role, I was an SVP with a major investment bank technology in London. Approx 16yoe. Have managed large teams and budgets and currently report into BoD
Feels like a massive downgrade
Salary seems to drop massively in all subsequent years and if share does well ok but if it doesn’t then I’m shafted
And who knows how long it will take to climb back up to l7
Had a look on LinkedIn at other l6 folks and don’t feel they’ve had similar types of roles in their careers before joining / entering the org at that level.
Inclined to decline unless I’m making a lot of wrong assumptions here.
The TC (including Signon) its quite high and definitely in tune with L6 at fb/google.
The TC definitely drops a lot in 3rd/4th year if stocks do not rise. Buts that's how Amazon is and depends more on your trust in the company.