Curious to how other 🐠 would deal with this scenario.

I am 28 and am a Sr Mgr in strategy at a bay area consumer tech company. I feel like my comp is super inflated - TC for the next 12 months is ~$440k: ~230k cash, ~$150k equity / yr, and another $60k retention if i stay til july.

I feel like moving on will be my best chance for vertical movement to the director level and that I am not progressing my career much further, but I know I can’t make this much money elsewhere


likefunny
Posting as :
works at
You are currently posting as works at

Realistically you probably are at 6yoe, your current employer is paying you well above market rate even excluding the 60k retention.

To me this translates into you are getting a lot of love and equity in your current setup, I wouldn’t give that up that easily. No company pays you a lot just because, and titles don’t mean much relative to real $s in your bank account.

I guess my q to you would be, why do you think things are not going well enough in your current employer to stay? Is it just you being antsy or something else?

likesmart

+1 this opportunity is the dream lol

Stay at least for the retention bonus.
By early next year, maybe assess then if you need to leave or not and if there’s a company willing to pay as much (might be tough but you never know).

likesmart

I’d keep looking to find something that has the right balance of comp and responsibility/title. You might very well have to take a pay cut, you just need to decide if it’s worth it. I personally wouldn’t leave for a pay cut unless you really don’t like your current position or the new one offers something really enticing.

like

That's a ludicrous amount of TC. Just stay for now. Assess situation next year.

like

Director is just a title. I have seen directors that didn’t direct anything. Your compensation is frankly excellent at your age and you could retire early if you wanted to.

like

I’ll take your job if you don’t want it

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I have interviewed around (all hardware / consumer goods focused) and almost nowhere will offer even half that for TC. Is it worth sticking around until something comes up that matches or beats my TC or is it best to just jump sooner?

like

You’re interviewing at the wrong companies. Twilio will pay 400k for a Strategy Director.

like

You're young so it might make sense to take a long term view at your career. And again your young, is there any reason that you will have to move before your retention bonus. Also if you don't think you will find the comp you want/now have, it would make sense to spend time finding the right position that will get you the experience for you next move or have the right opportunity for advancement. And that could take some time to find. I'm guessing your just thinking this through but you really don't have to make a firm decision until you have an actual job off to accept.

like

Move on and negotiate a $60K sign on bonus with your future employer to keep you whole

Think about cost of living v comp. The reason you’re getting 440k is because the cost of a single family home is around 1.5m in a decent area (I’m guessing - probably 1200 square feet).

Where I live I have 275k target comp and 400k will buy a fully update 2500 sq ft home 15 minutes from downtown major city.

Today I learned interwst only mortgages exist lol

If your company is going down the tubes, how secure is that 150k in RSUs?

Wait, your company is pre-IPO? So that basically means the equity has a ton of room to run.

Stay where you are!

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