Hi, I am expecting an offer from Uber for 5a, can anyone let me know the ballpark I can expect Yoe: 11 years Base + Bonus: 55 Lac Stocks: 45 Lac (These are paper stocks as of now as Flipkart is not public but it will be going in year and a half or so) #productmanager #Uber
Lower end tc will be 85L+. As far as I know 5a is a huge band at Uber. To negotiate better try getting an alternate offer.
Got it. I am negotiating hard, not taking any discount on FK stock value and have asked for at least 20% bump on present CTC
Did they match the stocks? I have an offer too
Your stock is per annum?
Yup
So your current flipkart tc is 1Cr?
Ya but 45 lac stocks is paper money unless FK does ipo
OP - What would be Base+Bonus for Director at Flipkart?
90-1.3
Any specific reason why you are considering Uber in this time ..? I also have an offer from uber Hyderabad fir L4 .. still trying to decide whether it's worth the risk ..
Uber is growing their India product and tech centre at India so I see no broad risk. Also, there were no layoffs in India. The amount Uber laid off is a normal in companies like Amazon through PIP's in normal circumstances. Lastly, Uber will boost your resume
I am not too sure about this. Uber will be a wild ride and be ready for that. Uber does pips too that is different from layoffs. I am not sure if we should say no risks absolutely. There is a risk especially during this pandemic. Not scaring you off. I want to make sure you have the right expectations when u join
Thanks a lot for your insights. Could you highlight the comp range for this position and overall quality of work at Uber.
You should talk to your HM and recruiter and understand about quality of work. I am not sure about the team that you have interviewed and can't comment.
You should have tried for 5b. Grade 12 maps to 5b at Uber.
Nope... Grade 12 pays 45-50 base in Flipkart.. 5b pays 80 base in Uber so Seasoned GPM's or early D's in FK map to Uber 5 b. You have very strong regard for Flipkart levels hehe. Also, please check level.fyi , 5a at Uber is a principle level at Amazon
Ohh, maybe in product. In engg, I know grade 10 sde 3 (6 yoe) got 5a offer. Also know g 12 EM and architect joining uber at 5b. Btw, 45-50 base is sde 3 high range here.
Good luck on your move, I’ve heard Uber is generous on stocks. You should be able to negotiate 1.5x your current stocks - good luck! Hope it works well for you
Hello! Did u close on the final offer? What was it?? I'm negotiating for PM2 would be really helpful..thx!
@LUhC80 how was your interview experience? Can I dm you?
Doesn't flipkart have a buyback option? Your esops are worth 0 unless they go Ipo? That doesn't sound right
Flipkart is doing ipo next year and yes they do buyback. E.g. 2018, they had done 100% buyback, equivalent to a listed company
So don't consider them worth zero even if they say no IPO
What's your designation at Flipkart? PM/Sr. PM/GPM
Senior PM, any idea on Uber TC?