5 ms·
SWE, L6, 11 years experience, hired at L4 225 base, 90k bonus, 260k stock (grant size has been going up each year). Google gives fair increases on promo and ev
by goog_salary 11y ago
SWE, L6, 11 years experience, hired at L4
225 base, 90k bonus, 260k stock (grant size has been going up each year).
Google gives fair increases on promo and even if initial salary was in the low end. Pretty common to get a high bump after a year if one negotiated badly.
- throwawaysaly9 11y ago260k stock vesting per year? That's an insane amount.
- sp_ 11y agoI just put in my promo packet from L5 to L6. This better be happening.
- deleted 11y ago[deleted]
- marssaxman 11y agoWhat, pray tell, were you able to negotiate over? I tried, but it appeared to be company policy not to offer anything I was interested in. I don't know what "L4" means but the numbers you're quoting are considerably higher than the ones I remember from five years ago. I really hate this whole "total compensation" idea that has taken over the computer industry. Just pay me, or shut up, don't wave magic money in my face along with the real stuff and pretend it's all the same.
- jholman 11y agoIn the case of Google stock, it's real money, not magic money. Google bonus is real money, not magic money. Startup stock is imaginary money.
- marssaxman 11y agoStartup stock is truly imaginary, yes, but even Google stock has the magical property that some amount of it stops existing when you leave, which everyone does eventually. ...unless they've stopped issuing stock with a vesting schedule attached since I was there, of course, but that seems improbable given the financial advantage it creates for them.
- jholman 11y agoOkay, the stock in the 4-year stock grant is imaginary in the same sense that your future salary is imaginary. I mean, fine, call it imaginary if you want, but that's true of all pay. The Google vesting schedule, AFAIK, is 1-year cliff and then quarterly vesting thereafter. Which means that, past the first year, at most 90 days of stock is money that might vanish if you leave. I agree it'd be a lot nicer if it vested daily, but it's completely silly to characterize this as imaginary. It would also be completely silly, supposing that you'd worked at Google for 17.9 months and gotten 15 months of stock vestiture, to describe the stock you get 3 days later as a "windfall". The point of all this is that it is completely reasonable, when discussing how much Google paid a person, to sum up their base pay, plus their bonus, plus the value of the amount of stock that they vest in a year. If you're choosing between an offer at Google, say with $110k plus 15% bonus target plus 4 years of stock currently valued at $180k (i.e. roughly $45k per annum, probably more by the time it vests), vs working at a startup offering a base pay of $150k (plus say 10% bonus target dependent on revene, and some joke amount of stock valued at some joke number), I think it's pretty obvious that purely from an expected-value-financial-benefit standpoint, you should go with El Goog. Because "total comp" is a real thing. (Not that any sane person thinks that's the most important aspect of such a choice.)
- QuercusMax 11y agoGoogle's vesting schedule is actually 1-year cliff then monthly vesting, but there are 4 blackout periods per year when you can't sell your stock (except on a monthly auto-sale program). Aside from that you're spot on.
- marssaxman 11y agoLook: I ran those numbers, I made that choice, and going to work for Google was one of the few career decisions I can clearly call a "mistake". The stock was almost entirely imaginary for me because I didn't stay long enough, and I didn't stay because I had no other way to get out of the pointless, demoralizing situation I was stuck in. So, who cares what it could potentially have been worth if the world had been different? The world is what it is, and the money was, in fact, nonexistent. This has been true of "total compensation" across my whole career: base salary is real, but stock has never amounted to anything significant. The companies whose stock is measurably worth something have turned out to be terrible places to work, and none of the startups have panned out. (Real Networks managed to be both, during the dot com bubble; the expected future value of my options peaked somewhere north of $1.5 million, before the crash, but I ultimately cleared $0. And was so glad when I walked away from that miserable experience.) So, I consider the value of stock in a "total compensation" package to be $0, and make my decisions now on base salary alone. If it so happens in the future that stock "money" becomes real money, well, that'll be great, but I'm going to think of that like winning the lottery. It has no incentive effect.
- deleted 11y ago[deleted]
- NotSammyHagar 11y agoWow, that is much higher than I made as a level 5 in seattle. 175-185. plus half that in stock.
- goog_salary_q 11y agoSorry one piece of clarification: Is the amount you quoted your current pay as an L6 or what you were paid when you were hired as an L4?