I’m currently L62 SWE with 4 YOE all at MSFT in Seattle TC: 200k I received an IC3 (senior) offer from Dropbox (remote in Seattle) with this breakdown 225/600/50. 15% target bonus for meets expectations. 1st year TC: $459k (includes 50k sign on) Recurring TC: $409K MSFT countered with a promotion to L63 and a bump in base to 200k, 200k special stock award over 4 years, and 50k special cash bonus. L63 comes with a 15% annual bonus for meets expectations. This would make my TC at Microsoft now: 1st year: $363k Recurring TC: $313K This does not include refreshers. Dropbox refreshers for meets expectations for IC3 is around 115K in stock over 4 years. Microsoft is 22k for meets for L63. TC Including refreshers stacked: Dropbox Year 1: $459K Year 2: $438K Year 3: $466K Year 4: $495k Year 5: $374K MSFT (numbers slightly different due to 20/20/30/30 vesting of SSA) Year 1: $352K Year 2: $311K Year 3: $336K Year 4: $323K Year 5: $251K Each year Dropbox TC is about 30-50% higher. What I’m torn about is if MSFT appreciates at the same pace it has now (43% last year), the TC will begin to match Dropbox (DBX is up 4%). Any Dropbox devs have thoughts on if the move is worth it? Definitely appreciate the retention offer from MSFT as it doesn’t seem common but wondering if the short term TC difference is worth the jump. I have a great rapport with my skip and their manager and skip fought for approval for the retention.
Take dbx. Also use that extra TC at dbx to convert it all to msft stock if you feel msft gonna rocket YOE? What's the retention process at Microsoft like?
4 YOE. I just told them my DBX offer and they got back to me in a week. Apparently skip had to have a discussion with HR + management chain up to EVP for approval.
What's the retention process like? And yammer has that kind of money?
Why not go to Dropbox and then come back to MS after a few years? Given that MS wants to retain you chances are they will gladly take you back in a few years. This will also give you a chance to increase your TC to the market rate at that time. Just a thought.
That’s what I’m leaning towards
Dropbox offer... Hands down.
Past performance is ...
That's funny coming from Tesla. Haha.
Exactly my point :p
Staying puts a target on your back anyway. Yes, most places want to retain if you are any good at all because it's easier than hiring and training again, but they will also consider you "disloyal" and will factor that into future promotion cycles and layoffs even if they don't admit it to themselves. Not to mention how slow promotion cycles can be there anyway.... Just go. It will be hard for MSFT to beat the new TC even with appreciation. And there was a reason you wanted to leave. That won't go away after you stay. But if you do decide you made a mistake, just boomerang at a higher level. Seriously, don't let the retention letter flatter you and go to your head. It's typically more about the pain of hiring someone new than it is about you. If they thought you were performing as an L63, they should have promoted you before you said you were leaving. They didn't.
Yea that has been my frustration a bit. They should’ve promoted me. They should’ve fixed the comp. But I don’t necessarily fault a company for doing what’s in their best interest. If you can keep them just the way they are why not? Just no hard feelings when I operate in by best interest as well, which they respect too.
There will be hard feelings if you stay. Yes, they protect their bottom line and don't consider that disloyal to employees, but they do consider it disloyal for those employees to hold them to ransom. Doesn't matter if that's what you intended or not. To them that's what you're doing if you stay. You're saying you weren't OK with the process at Microsoft -- you weren't willing to "wait your turn" and trust the system -- and they will remember. They will also consider that they promoted you before they intended to when they think about whether you are ready for promotion again. You'll be farther back in the queue now. Dropbox saw something in you and gave you the level you wanted and solid TC. Why would you choose to stay with the company that did neither? It's not hard feelings on your part to think about these things. It's just being real and looking out for your interests. Did you get an SSA? Did they do anything to say they wanted you to stay before now? My guess is they didn't.
I am pretty sure ms will never offer this. You might be dreaming.
The retention offer? They just offered it to me..
I think he meant offering as much as Dropbox offer
I was in a similar situation and decided to make the jump. Coming back to Microsoft in a few years as principal is much more lucrative
With $MSFT recent appreciation did you still come out ahead making the jump?
You run and keep running and never look back.
Tbh with you, never stay at a company you planned to leave in the first place. If it needed a competing offer to make you stay, you are the first to be kicked out when layoffs happen as you would be an easy target anyways. Why? Coz u wanted to leave anyways. Take Dropbox and stay happy. If you wanna come back to Microsoft. Do it later in life.
Work Visa
3h
644
Hypocrisy of Indians
Tech Industry
2d
17023
What happens when most of your team is Indian?
Tech Industry
9h
1168
I saw a Googler ( Male ) hit a lady multiple times in the cafe, should I report?
World Conflicts
11h
466
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
Tech Industry
Yesterday
1351
This resume landed the guy a $500K job at Meta
Take Dropbox. Don't bet your money on stocks going up or down.