Currently L4 at Snap, TC 250k. After the announced stock top up, TC will be back to about 350k. Promotion to L5 at Snap would be about 530k TC (300k of which would be RSUs). This definitely seems out of band for Google but then again I'm not sure how to weigh Snap stock in this climate. If Snap has truly bottomed out, those RSUs will be hefty in a few years. Which would you choose?
Do you have a Google L5 offer already?
I highly doubt snapchat is going to give you a 720k grant if you get promoted to L5.
Promos are not guaranteed. Snap may not do well in the near future.
You’re going to get a 180k raise from promo? Usually in my experience you get a minimum raise to put you in bottom of band for next level, and don’t see any real immediate gains. Maybe snap is different due to monthly vesting
Equity is fixed for each level, base is variable has it has a range. So, you could very well get +180k annually
Snap will rather fire you than give such hefty hike
If you actually have an opening from Google, join soon without doubt, if you don’t have a real team matched in Google then it’s not even an option
Never wait to be promoted when another opportunity is available. Google’s 400k is more secure than the mirage of Snap’s 530k. With tiktok and insta, and the various hardware failures at snap, doubt they are not going to stagnate or die.
How far away are you from the promo? Google L5 is definitely a more powerful position in the valley and that is at least equal to snap l5. In the current economic condition I would prefer google
Yoe?
5
Yea you're gonna get closer to 300k, nowhere near 400k AVG 4 years at G L5 5 YOE especially in this market