What's the average L7 TPM (Technical Program Manager) Base & TC at Meta? Is the 25% equity refresh guaranteed every year?
Base is good. Equity is very low
Former L7 here, roughly 500k like 245-275 base and 255-315 in stock. TPM is the a disrespected punching bag at Meta with few exceptions (AI). Frankly the entire TPM org has slowly turned into a dumpster fire. They’re going to throw you at some fire with zero backup or support. Also your comp is the lowest including rsu’s refresh compared to PM and any other org.
Really? Thanks for the honesty. Wait. Former L7 TPM at Meta with $500K TC? I heard $500K TC is usually for L6 TPM at Meta?
500k tc is typically for ic6 PM not TPM, although of course tenure and refreshers can skew. That being said, TPM as a job function is dying at meta. If you join be prepared to be forced to interview for a PM job within the next year, or potentially laid off if another round hits.
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There is no 25% equity refresh. There is a formula based equity refresh. I think you are confusing equity refresh with the annual bonus which is 25% of base for all IC7 positions. Even that is not guaranteed. It’s also based on a formula where the level multiplier is 25% but there are other factors like company performance, individual rating, tenure , etc. e.g last year, meta didn’t give out full bonus because the company performance factor was scaled down to .85 The refresher formula also has factors like job role, individual rating etc
Thanks for the insight. Because I heard Meta provides the highest stock refreshers. Were Meta employees given performance bonus this year? I'm sure there were top tier performers?
Yes, Meta usually has very good stock refreshers but it’s not fixed 25%. About the bonus, meta switched to annual bonus since this year. So the bonus payout for 2023 will happen in March 2024. For 2022, they paid only 85% bonus not 100%