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Ended up turning Amazon down. Offer two was stronger and allows me to do more of what I want. Plus it’s fully remote. Worth noting that Amazon was barely willing to negotiate so something to keep in mind for the rest of you as offers role in!
It is hard to compare Amazon comp with other non-tech companies since it is structured differently and heavily weighted with equity. I would not compare on base salary alone.
Sign on bonus is paid pro-rata each month, so can be considered as salary for the next 2 years.
Your stock will vest over 4 years, but you can cash out as soon as you get it.
Although cash in hand is better, think of the opportunity cost: if you pass on Amazon shares, you are passing on the growth potential of that stock. In Y3 & Y4, using yesterdays stock price, you would be at close to $195k TC.
Not sure if you are living in Seattle now, but you should consider cost of living as well.
Also, if you have accepted the offer, not sure Amazon will be open to a counter at this point.
COL = cost of living
What is a Loop?
If interested, the offer details are as follows:
L6 role
Base: 165k
Sign on: 33k year one and 28k year two
RSUs: 620 shares with four year vest
Hybrid with two days in the office in Seattle
I have 11 YOE
Taking your 4 year RSU into consideration, your TC is $184k. The sign-on bonus is not a long term thing. Unless you have a plan to leave by year 2, let’s not count them in as part of TC.
Sure, there is a chance stocks will rebound from their miserable levels today, but that doesn’t beat having cash-at-hand.
Assuming you’re in a HCOL city like NYC, and
considering you have a VP salary, I don’t think you should accept this.
I believe you can call up the recruiter, tell them about this other offer you have and see if your TC can be better.
I’m a VP at an agency. Would be coming in at an L6. It’s a communications role.
Coach
What are your long term goals, and which one aligns with those? Amazon could be a great stepping stone, but even within the company, I’ve seen people transfer internally with adjusted pay
Like others have said, it also depends on how much you value the RSUs, realistically not everyone makes it to Y3/Y4 for the bulk of them to vest, but historically stock value gains can add another 10-25% to TC, at least. Plus you do get refreshers (more shares each year)