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I've seen non director (pres) level offer packages up to $300k including guaranteed bonus minimum.
by jnordwick 9y ago
I've seen non director (pres) level offer packages up to $300k including guaranteed bonus minimum.
- joshuamorton 9y agoThose are well within what an L5 could get at Google. Unless you mean 300K base and a significant (ie 30-50% bonus).
- jnordwick 9y agoThat's non-director level, upper end of the vp level.
- joshuamorton 9y agoI'm not quite sure what your point is. Mine was that their bonus being > salary implied a role/level at a bank that was higher than what they likely had at Google, so a commensurate salary increase would make sense. Could you explain what you're getting at?
- jnordwick 9y agoJust that pay is high for basically a sr engineer at the right location (close to the money). The fact that bonus is 50+% of base is normal for those roles, more normal than faang comp. Compensation is just structured differently, so it isn't useful to use it as a measure of seniority between the two industries.
- joshuamorton 9y agoRight, and my point is 300K all in is not more than senior comp at a FAANG.
- joshuamorton 9y agoOh I misunderstood the first time reading this comment. Bonus > salary pretty much never ever happens in Tech, until you're in an executive role. It happens earlier in banks, but for most banks, it still happens at the level of Director (as opposed to Partner), not VP. I wasn't comparing comp structure to compare seniority. I was using comp structure to guess at seniority within the ladder of BB Banks and then comparing roles.
- jnordwick 9y agoIt depends. In a back office role, you will have a more traditional salary plus 20% bonus. Infrastructure at a bank might be have a higher bonus component even at pres level. On the trading desk, your bonus is often often open ended, or if you are doing strategy work then a percent of pnl.