Spotify Compensation
Can anyone here speak to the compensation at Spotify? Are they good with matching competing offers? And looking down the road, how are they with raises? I am currently ~2 years out of school and going through the interview process. The work there looks very interesting and I know the culture is a blast. I would absolutely love to work at Spotify, but would hate to take a paycut.
Got a friend there. Just asked him. He says tree fiddy
Yvqyvwyvqyvq
Seriously what is up with these boners for engineering reputations?
Meow 🐈
Compensation is below market. No raises or bonuses in general unless your manager really pushes for you. The average target "raise" is 3%.
+1
Hello. What can one expect for a program manager -tech role in NYC?
Good at matching. Wtf are talikng about!? People are resources and treated that way. Everything is done around that fact. All tools made in a way to simplify for middle, low middle dev to deliver shit fast. Matching my ass ;)
Spotify definitely lowballs, but if you negotiate, they're surprisingly responsive. My comp is $200k+ but would have been a lot lower if I hadn't played hard to get or leveraged other employers' interest in me. I think I lot of young new grads just can't believe they have the opportunity to work for a "cool" company and will take whatever offer they're given without question.
Thanks for the response, that's awesome! How many years of experience do you have? My current salary is $155k, do you think they would be able to match that?
Yeah definitely. They're not strapped for cash, they just realize they are an enviable company to work for and take advantage of it.
Spotify’s official policy is 75th percentile of market with 3% department average annual raise. No bonuses. Don’t work at Spotify if you want to be paid well.
Comp is no bueno at SPOT
I’m currently a senior with $240k TC going through interviews. You guys reckon Spotify will match my pay?
Unlikely
Most probably not
The big problem is TC. Just the salary number is sometimes not bad, especially for incoming hires, if you negotiate well. But TC is way lower than at other tech companies of similar size/status because the stock package sucks and will probably continue to.
No RSUs, just options, so you have to sink own cost in first. And strike price is really high if you joined recently, with stock performance not being as sure of a thing as with google, FB, etc.
🌲 fiddy!