What are Spotify engineering offers like? I got offered 150k base salary with 140k in stock options. This seems incredibly low by industry standards. Did anyone else get a comparable offer? Also if I'm correct in my interpretation of stock options, if they ipo and don't grow any, I get no money from the option, right?
I would want 2x or more RSUs relative to base for a startup. I.e 280k RSUs in your case.
how much does VMWARE give in RSUS for a senior staff
I've heard / seen 2x to 4x.
a bit low, not way low if you are talking about the industry avg and not top paid companies.
with options the stock price has to appreciate for you to make money. but if it does go ipo it will likely be higher by a good margin.
how is the RSU situation with SAP. I ve heard that large public companies are not so generous
correct. large co i have worked for, they replaced options with rsu, then rsu by cash. total comp has more equity component for higher levels. SAP specifically, we are far from the numbers i see here from peeps from linkedin fb google ... and i dont think we are getting cash in lieu neither
Far from low and well above industry median, not many companies pay the fb/goog rate.
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Uber is in the same bucket. Just trying to help. Worried that all these new grads making 200k a year are in for a rude awakening at some point if the market turns and they discover the median swe salary is like 80k. My first job as a swe paid 35k/year and wasn't all that long ago...
They have Doritos though.
What's your domain? NYC or SF?
NYC data infra engineer
That sounds like a very decent package. The stock options are pretty high for Spotify
Someone I know who works there now was offered 140k base and 100k options for the data engineer role. New grad.
That sounds a bit high for a new grad.
I should clarify - master's, not bachelor's.
When you say 140k in stock options, what does that mean? Is 140k the current paper money value (i.e. number of options * (share price - strike price)? Is that over 4 years?
when joining your strike price is current price (when stock is granted usually within first 90 days) my guess 140k means #options x share price of last round of funding
Strike price is always the FMV of each share. Some companies will throw around a higher estimated share price based off of the latest funding round instead, which could be used as a guess for how "in-the-money" the options are. But yeah, people don't seem to really quote these numbers in a very standard way.
You were most likely under leveled if that was your offer.
What is your experience level?
4 years experience, IC5
IC5? Was your offer for SWE?