How many new stocks should one expect to receive at the annual increment at Amazon at L6 in management role?
Salary maxes out pretty quickly at 160 in seattle or like 180 in Bay Area. Stock amount depends entirely on your performance and the stock performance. If you look at your TC in the first year, then look at grants following years and assume a 15% increase in stock value, you’ll see their planned TC for you. If you perform well, they will up your target TC, and will grant more RSU’s if the stock hasn’t grown expected amounts. But if the stock outpaces 15%, then you may get little to no refreshers because your expected TC is above target. When I first joined I had an epic year and got almost no stock - because the stock had doubled and put me several hundred K above my target. Since I’ve joined though, because of the stock growth, every year in the last 10 I’ve made between 35-100% over my target. Having a target around 550 and then making 995 makes you not really care if you got a smaller number of actual shares when the grant originally came through. I still believe strongly in the stock, because amazon is doing so much stuff.
Thanks and this makes perfect sense. Since I have very few RSUs (only 52) makes me kind of think I should ask for additional RSUs in my annual review ( of course I am having a good review)
You can ask but you won’t get more shares.
Tech or non tech? Different roles have vastly different comp. SDM might be around 300k total per year (there is a big range around that though), split roughly 50/50 cash/stock. Except the first two years, which are more heavily weighted to cash. Amazon basically has a comp band for each role and level. Each employee will then have their own personal target comp within the band for their role and level, based on past performance and such. When you join they'll set up the first 4 years worth of cash and stock to put you on track to hit the target comp each year. After the 2nd year you'll start to get additional RSU awards that vest 2 years out (so in 3rd year you'll get stock that vests in 5th year, etc). If you get promoted then that'll also trigger a comp review to make sure your predicted comp (stock + cash) for each of the next couple years is within the new band. This is somewhat simplified but should give you a good idea of what to expect.
Thanks for the details and I know this. I am trying to understand how much additional RSUs should I ask because the number of RSUs I have is very low.
You cannot simply ask and expect to receive more. That’s not how it works here. Managers have very little discretion. Your RSU award (if any) will be based on performance rating, and that is determined months before you actually have the comp conversation with your manager.
And what is an average salary increment?
Zero. 160k cap