Title: SNAP offer, is this right? I recently passed the onsite for an L5 SWE role at Snap and am awaiting an offer. I've noticed conflicting information regarding compensation expectations, with levels.fyi and Blind suggesting a total compensation (TC) around 550K for L5. However, my recruiter mentioned a ballpark figure of around 400K. I'm unsure if Snap's compensation structure has changed or if I'm potentially being lowballed. Here's what the recruiter outlined: Base salary: 250K-300K RSU: 143K/yr Additional details pending on annual and signup bonuses. While the base salary aligns with expectations, the RSU component seems below industry standards. Can anyone with insight into Snap's recent L5 offers shed some light on this? Current TC: 330K (L4, not factoring in recent stock appreciation) YOE: 7
You probably got an l4 offer then
They had to do layoffs because they were grossly overpaying everyone. You think they will repeat the same mistake again? This pay is likely going to be the new norm.
I heard Snap changed the comp structure. The cash is more than the L5 band.
You mean the base salary seems higher for L5 right? Do you think they have changed the structure to lower the RSU portion and giving out more cash in base salary?
Yea, Snap is aiming to reduce the SBC like Stripe, so it wouldn’t surprise me if the new comp structure has a lower RSUs.
Congrats
Welcome to 2024
Last year of this loser economy, hopefully. 🤞
Loser economy? Nasdaq and S&P and even crypto breaking records everyday.
I haven’t hear anything about comp structure changes. Are you a L5 SWE? L4 at Snap is $180k or so yearly, L5 is $270k or so .
Lower end of your salary range isn’t too different from mine as an L5, but your RSU is way too low, either something is wrong with the offer, or Snap has changed their offers for the worse.
The stock is in the shitter, so you could still get some good returns
It's been lower before, and they way things are going, it will probably be there again soon. So yeah, but it could just as easily break the other way.
It’s the New comp structure starting this month. there’s stacking refreshers every 3 months so the initial equity is lower. Once it stacks up for a year you’ll be at the target TC which is around 550k.
Low balling across board in Industry
Reality check: equity in the last 5-10 years was the historical outlier. This is a reversion to the mean. Signed: A grandpa.
Ha ha .. a lot of truth in that. Money has been easy for far too many.. the last 8-10 years. Uncle Sam is going to get it all back.