Received an offer for Technical Product Manager position at Zillow in Irvine:
Stock: 125k (4 years, after 1 year vests quarterly)
Sign in: 15k + 10k after one year
I’m a data engineer, 7ye, for last 3-4 years did teams coordination as well.
Offer seems low for me, what do you think folks?
The numbers you listed I’ve seen for Zillow but for engineers. As important as we think PM work is, engineering salary will always be higher. Doing the transition to PM from engineering WILL be a salary HIT. In general the PM salary is one level lower than Engineer salary. Keep in mind base at Amazon caps out at $160k so $180k base for PM would need to be like director level at most other companies.
Sorry should have clarified what I mean by stock. So in general tech companies will issue options or stock grants it seems that more established companies will do stock grants and from experience I think stock grants are better as they will have value unless the stock goes to zero which would mean the company also goes to zero in which you have bigger problems :). Options when they go under water they are worthless of 4 places I’ve been I never had options pay out (maybe my bad luck with timing :)). I have had RSU and ESPP payoff well though.
My comment on stock was just the overall price is low so hopefully they factored in the lower price when they calculated the stock price. You can ask what appreciation they expect in the stock. Amazon for instance likes to factor in 15% appreciation in their offers.
But good luck with your interview! See what they are offering and you can use it as leverage.