Had on-site for Google PM (L5) & my recruiter told me to expect to hear back from HC in the next week or so. I might be getting ahead of myself, but this has prompted me to think about compensation.
I think I'm in a decently unique circumstance for negotiating. In terms of my current work & comp, I'm juggling a couple different balls:
- Fractional CPO/Product Management Consultant for 4-5 clients a year @ $120-250/hour with pre-determined retainers & engagement lengths
- Data Science & Machine Learning Consultant for 2-3 clients a year @ $140-280/hour with pre-determined retainers & engagement lengths
- Due Diligence & Expert Network type work for VCs, PEs, HFs , etc. a couple weeks a year @ $160-$280/hour (fairly variable)
- Partner in an events company that personally nets me ~$50,000/year which I have to be operationally involved in (wouldn't be able to if I took Google)
- Partner in a niche digital marketing firm that nets mw ~$80,000/year which I also have to be operationally involved in (wouldn't be able to if I took Google either)
My total yearly compensation varies with how much I work & what deals I put together:
2016 - $205k
2017 - $220k
2018 - $243k
2019 - ~$275K (pro forma)
Note: this is working about 10 months a year living in a relatively low COL (TX) compared to the MTV or NYC (the two places I'd consider).
I know Google low-balls unless you have a competing offer from a public company. I wasn't looking for a job when Google reached out, but I given it was Google I figured I'd give it a shot; as such, I haven't interviewed with any other companies.
In my case, could I ask Google to match or at least approach matching my average yearly earnings along with a small COL adjustment? Statically, the Bay Area is about twice as expensive before accounting for state taxes as where I am currently; I don't expect Google to double my current income of course, but I'm wondering if that would be factored into my compensation.
It's taken a good bit of failing & struggle, but I know my current setup is pretty sweet. That said, I'm fairly weary of working completely independently 95% of the time, hustling for deal flow, and living in TX. I've been finding myself wanting more and more to be in an environment surrounded by world-class people I can learn from & grow with, focusing on crafting a single product, & moving back to SF.
Also, given I don't a competing offer from a public company to leverage would I be able use my tax filings from previous years to show current compensation to match/use as an anchor?
Any advice is appreciated.
Thanks!
TC: $275k
YOE: 6
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comments
You also do not have to prove anything to anyone. Just be willing to walk away if they don't give you a number you like.
What you previously made has nothing to do with the job you'd be doing for them in the future. Prove you're worth whatever it is you want and be ready to walk away if they won't offer it.