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Ignore the shares and share prices. Those are just lottery tickets that are unlikely to hit.
How hard is it to earn each bonus? Are they practically guaranteed? Will the percentage stay static as you get raises?
$105k + 10% bonus ($10.5k) = $115.5k
$85k + 30% bonus ($25.5k) = $110.5k
Personally, I’d go with the first option. More money overall, and more money guaranteed.
If option #2 goes up to $90k base, then you’re at $117k all in, but it’s still heavily weighted towards a bonus which probably only happens once a year, and probably isn’t guaranteed.
Now, if one of these companies offers 401k matching and the other doesn’t, or one covers 100% of healthcare benefits and the only covers partial premiums, that could also sway me.
In the end, it’s not just about the money.