Offer evaluation, advise appreciated: Recently IPO company, senior manager role.
Base: 170k
RSU: 200k (vested over 4 years)
YOE: 8.5 years experience (+MBA)
Location: Bay Area
No sign on bonus or 401k match, no/minimal annual increase or yearly bonus expected. Seems too low even for my current job. What’s a reasonable expectation? Don’t mind walking away if the expectation is not met.
Can you negotiate up to 250-300k range?
Pretty low. You should target 275K all in. I’m 6 years of experience got exit at 240K
What roles did you gals exit to?
OP, your offer is typical for a Bay Area Sr Manager in tech. You may get more at FB or G but that comes with lower upside.
Twilio IPOd four years ago at $24. Today it closed at $342. Your $220k TC would be $870k assuming no raises or refreshers. In reality you would get both, boosting your TC well past $1M.
Does your company have the potential to >10x in the next few years? When considering tech offers, that’s really the only question that matters.
D2 if you are going to ignore equity upside you might as well go work for a CPG or insurance company. Or it’s like telling a prospective Ibanker to ignore the annual bonus in their offer because it’s variable.
People work in tech for the equity upside, doesn’t matter if it’s public or private equity. Of course no one can predict the future, but when your TC (and future raises) is 20% equity or more, the upside of that equity needs to be a key consideration
Way too low... 220k a year is almost like 100k in Dallas.
There should be a cash bonus % component.
Not where I work
For 8 YOE, decent offer but only if it included 401k. I’d pass.
Location?
Rising Star
Ah, so very LCOL
Rising Star
Any recurring equity?
Are the RSUs units or dollars? If the company is already public, how does the trading price compare to consensus estimates? If there are options, what are the call option trading at? Hard to evaluate overall since that’s the majority component.
Cash comp is pretty low.
Rising Star
Nothing about that sounds good.
OP - which company?