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Current location is NJ. The RSU’s have so much upside, If they IPO this year, I am hoping the upside is atleast 2x ~ 3x. If I stay in current firm until August, I will get $30k ~ $40k in bonus.
The role offered in comparison to my current role is a level below. Two levels if I get promoted to manager in my current firm (which am expecting at the moment). I don’t want to chase titles but at the same time not happy about going back in my career instead of moving forward.
Any thoughts if this is worth the move?
Always follow the $$$, the titles will come based on continued performance but the jump in salary is few and far between
Is it instacart? 😂
Does it matter? But no, its not instacart. Yes for first year it vests after an year and then quarterly.
Cost of living is so much higher in the Bay Area that this looks like a lateral to me, even if the RSUs are attractive.
Why aren't you happy with it? It may not be worth it if the role isn't sufficiently aligned with your career goals.
Objectively, the RSUs should be good financially if we assume a successful IPO, continued growth, fast vesting, no unforseen issues (scandal, recession), and no lock-up period, but there is more to life and career than money.
Several reasons, Moving to bay area where costs are through the roof, will be far away from family. But ok to make these sacrifices if the role is good and it it opens up more doors. I only spoke to the team through the interviews, so I can’t really tell if the team & the opportunity is good enough until I actually start working. No one can honestly. So, tbh Money is the only attractive part at this moment. The team and role might workout but it’s a little bit of gamble.
I am ok to stay with my current firm through end of the year, but I eventually move to industry from Consulting by end of this year or early next year.
What is your actual base? It looks like you combined base and sign-on, which I would ignore.
Your $40K RSU per year seems pretty low.