Uber most recent l5 comp

Mar 14, 2019 152 Comments

Got an offer from Uber last week as l5.

Base: 190k
Initial equity: 16k (~$42 per share?)
Cash bonus: 21k
Refresher: ~100k.
TC: ~315k if excludes initial equity

Current TC: ~380k (E5 with continuously exceed rating)
YOE: ml/ai PhD + 6 YOE

Excluding initial equity, the Uber offer comp is obviously lower than my current comp, with less base, less cash bonus and less refresher (e5 meet is 120k/year, exceed would be close to 150k/year).

Some questions:
1. Didn’t expect the base is even lower than my current base. Recruiter said it is impossible to increase due to equal pay policy (?). Is that true? Can I ask for more equity to compensate the base drop?

2. He also mentioned max signing is 35k and needs VP approval. However, I saw someone got >50k sign on so this is definitely false info. How much should I trust recruiters? Do they have the incentives to make more people accept the offer?

3. Is it possible to get 20k RSU? (Recruiter said no for any negotiating). I got offers from all companies (1st tier and preipo) I interviewed except Twitter. I don’t have the number yet, but I would expect at least google can have similar or even more stock. My friend recently got 800k from google.

4. I saw someone post 120k refresher for the Sam level. Is the refresher highly personalized even at the same level?

5. What is the general tactics of negotiating with recruiters? Actually I don’t want to waste time on negotiating. I will accept immediate if the offer is really good.

6. I like the team and the HM really like me to join. Should I contact HM for this?

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TOP 152 Comments
  • The “equal pay” policy is true sadly. Uber no longer negotiates. I think it means we lose out on a lot of great candidates. I’m lucky that I joined before this policy, I was able to get an increase in salary and RSU, but this is no longer possible.

    IMO stay at FB, mainly because the food is better.
    Mar 14, 2019 15
    • Amazon DynamoDB
      Can confirm with @Brazuka. Recent college grad and I'd say aside from rent, all my money just goes to food. Amazon doesn't provide much 😕
      Mar 18, 2019
    • Microsoft interesti
      Eating food is significant part of life. It is entertaining for many people. How frequently do you use Uber and much time do you spend on Facebook?
      Mar 18, 2019
  • Don't take it. Did the same mistake. U will come in and see that every 5b is a 5 year old who has no idea what he/she is doing. Push for 5b. That's the only way to increase ur TC. Also promo process is impossible...
    Mar 14, 2019 9
    • How do you guys prevent this sort of incentives at companies? Or is it inevitable? And from a personal pov, is this a case of having to play the game to change it?
      Mar 17, 2019
    • Airbnb namytterp
      Nobody cares till 737 crashed and killed 300 ppl
      Mar 17, 2019
  • Roku kkUA10
    How did you come up with 315k ?
    Mar 14, 2019 12
    • Spotify / Eng qbeforeu
      i think this is misuse of the term “refresher”
      Mar 18, 2019
    • Huh?
      Mar 18, 2019
  • Amadeus Trick2g
    Give them an ultimatum that they need to give you at least 100k more tc than what you are currently making at fb or fuck off. You have top tier offers from other companies. Milk that like no tomorrow and profit. Life is too short man. Go get your money and enjoy life!
    Mar 14, 2019 6
    • Facebook xxkw86
      OP
      Sane17, why do you accept it given that they won’t increase the comp and you have better compete offers?
      Mar 17, 2019
    • Uber / Eng
      AywB51

      Uber Eng

      PRE
      Apple, Microsoft
      AywB51more
      The Uber offer (considering initial grant) is still like 100k+ more than what OP is making at Facebook.

      And that’s the current preferred stock price, $42/share. If the company does really well (entirely speculative), it could go up to $100/share. Of course I’m slightly biased.

      But regarding the offer, OP — you need to have competing offers and very, very politely tell them what these competing offers are and that you need a little more time to think about it. The recruiter WILL fight for you and try to get VP level approval to raise comp.

      Welcome to Uber :-)
      Mar 17, 2019
  • Google aIfty25
    I don't understand what "equal pay" is (equal to what?) but it sounds like they simply don't want you enough. The offer of employment to you is only bound by law. If they wanted you bad enough they would simply offer more. Sorry to hear that because it's sounds like you like the team and manager but your BATNA here is just to walk away or take an offer at another company.
    Mar 14, 2019 3
    • So much bullshit. Don't believe that, if they want you they will give more
      Mar 17, 2019
    • Tinder rool
      It really depends. Tinder has an equal pay policy and I know we've let candidates that we wanted walk over it. The idea is to make sure pay is fair within the org. Has its pros and cons.
      Mar 17, 2019
  • Groupon / Eng sleepy
    4 I think you saw a L5b offer. If I were in your situation, I would probably have asked for L5b.
    Mar 14, 2019 8
    • Uber nickki
      I just took your 315k without recalculating it. If that is the case then, you should discount it depending on how long you plan to stay.

      If the negotiation is professional, Uber won't revoke it. There is nothing to gain by revoking an offer. They can just say no TC increase but try to sweet talk you into accepting it.
      Mar 17, 2019
    • New / HR
      jesaisrien

      New HR

      PRE
      Snapchat
      jesaisrienmore
      There can be wiggle room (negotiations) in the offer process, but it depends on how well you interviewed. They might be willing to increase offer for someone they really want. If your interview was ‘good enough’ they might not be willing to offer more.
      Mar 20, 2019
  • Equal pay is a effort to normalize TC within level bands. In the past offers could go way out of band after negotiating. Now they got rid of all negotiating to prevent that.
    Mar 14, 2019 7
    • Microsoft / Product
      Brazuka

      Microsoft Product

      PRE
      Bain & Company
      Brazukamore
      Probably not the exact same, just within a narrow band
      Mar 17, 2019
    • Facebook LavarBall1
      A year ago
      Mar 18, 2019
  • Uber kvTo06
    I was making similar decision as you a couple of months back. Uber TC at 60b valuation was one of the lowest offers I had. Even though I had multiple significantly better offers, they refused to negotiate much. I still joined because I think Uber stock is undervalued at 60b. If you care about absolute TC numbers on illiquid stocks, Airbnb offers the highest. Lyft was a close second. You should consider joining Uber only if you believe the company and stock will do better or you liked the opportunity on the team so much that you couldn’t pass on it. I know it is very vague and subjective, but that’s the reality. No one can predict the ipo would go and most of your tc deltas would depend on it
    Mar 14, 2019 3
    • Facebook xxkw86
      OP
      Yes, I like the team. That’s why I come to ask.
      Mar 14, 2019
    • Uber kvTo06
      My offer was for L5b. Feel free to DM me if you want details
      Mar 14, 2019
  • Uber cosmoo
    This offer is different depending on how you value Uber’s shares. If 60b valuation, then TC is $380k (~$42/share). If 72b, then TC is $410k (~$49/share). If 120b, then $$$. I have no idea why you excluded your new hire grant equity in your calculation. The Uber offer looks equal, if not a bit better than your current TC if you see upside in the company. If you don’t, stay at FB.

    You also have to discount stock appreciation. A decent E5 new higher offer today at FB is 190 base, 600k RSUs. Not sure what to tell you if you’re not doing an apples to apples comparison.
    Mar 14, 2019 1
    • Facebook xxkw86
      OP
      Thanks for your comments. I’m not counting the stock appreciation. Given my base is close to 200k, and my past 4 halves are exceeding so 125% bonus (with ~37k cash, 150k stock), my TC is ~380k. Actually my w2 this year is more than that due to stock appreciation.
      Mar 14, 2019
  • Uber bag123
    Most L5’s we didn’t get sign on last year and you got a pretty good offer for your years of experience. If you care so much about pay and stocks than the actual work then please don’t come to Uber go somewhere else. I have worked with enough PhD folks who sit on big pay packages and do jack shit at work. First join prove your work and then demand. If pay matters to you then go to tier 1 and tier 0 companies. We all took pay cut in base for total comp.
    Mar 18, 2019 8
    • Amadeus Trick2g
      Well why bother about potential future benefits which might never be given because of “low budget” as compared to shopping around big time offers from multiple companies and making bank right now. Once that’s taken care, he can work hard and provide value to the company. But first, the company needs to do him a solid and pay him like they mean it.
      Mar 24, 2019
    • Uber bag123
      The company is doing right by paying more than what 80% of L5A make currently. I am not saying not to negotiate but over negotiation will not leave a good taste
      Mar 24, 2019

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