My brother and I both accepted new grad offers. Me for Meta, my brother for Oscar Health. I don’t know if I live in some kind of bubble, but I literally never heard of Oscar Health. The only reason we applied is we both saw it on levels.fyi (I got rejected). Despite working for the “highest paying FAANG”, my brother’s offer absolutely dwarfs mine. For fully remote in GA, I get $116,000 base, $40,000 in stock, $45,000 signon. My brother gets $145,000 base, $45,000 in equity, and a $10,000 signon. Factoring in the annual 10% bonus, his first-year comp beats mine DESPITE my $45,000 signon (and his following years obliterates mine) We actually share a bank account and live together so I don’t mind in the slightest. Just curious if anybody’s ever heard of the company? Anytime someone asks where we work, people act all impressed with me saying Meta and give him strange looks for saying some random health insurance company, despite the fact that he’s absolutely killing it
They have been around the NYC startup scene for nearly a decade.
Is Oscar Health fully remote? I thought they were NYC-based, and those numbers make sense for NYC if that equity is per year.
He’s fully remote
Oscar health isn’t unknown at all, it’s been a pretty big name in the startup scene for a while. Honestly it’s kind of old now though and most of the upside has been lost since the IPO. If you’re looking to make large returns in your career join a rising tech startup that will IPO like Brex or Ramp.
OSCR is down 80% from the IPO price. Either he could come out way ahead or a bit behind if it goes belly up. I don’t think FB is going anywhere even given the recent drop. Did you guys both get competing offers? Yours looks pretty standard for Meta E3.
Yeah but for different companies. Meta paid me $25,000 (half signon) right when I signed and since we were students with limited income, I accepted so we can live without worry. He interviewed more so was able to leverage other offers to what he has now
Why do you share a bank account with your brother?
Yeah I mean that's so weird and is asking for trouble but I guess they are twins so the bond's probably much stronger
We live together and pretty much share everything including car. With our combined TC we can buy a relatively large house in GA for the same cost as it was to rent an apartment in the Bay Area.
I don't know abu Out Oscar health, but Metas refresher policy, quick promo path, and standard raises often end up meaning more tc over time even when the initial offer isn't as good.
Don’t share a bank account
Why in holy fuck do you share a bank account with your brother?
Oscar health is a subdivision of Albertsons.
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It’s a unicorn - unicorns tend to pay more
It’s a public company actually, not a unicorn. OSCR