5 ms·

Is this suggesting the standard stock package is $275,000?? Or is that just a default value. If so I’m just now realizing I’m massively under compensated...

by cgb223 6y ago

zuhayeer 6y ago
This is specifically for a Facebook E4 [1] vs a Square L4 [2] offer package (originally had that in my title, but got pretty long) [1] - https://www.levels.fyi/company/Facebook/salaries/Software-Engineer/ https://www.levels.fyi/company/Facebook/salaries/Software-En... [2] - https://www.levels.fyi/company/Square/salaries/Software-Engineer/ https://www.levels.fyi/company/Square/salaries/Software-Engi...
thundergolfer 6y ago
You can see that the URL is specifying params to fill in values. I'm not sure where those values come from, but they're not 'default values'. They look like low-level FAANG offers. If you reset the tool everything goes blank, and reselecting a company didn't fill in values for me. $275,000/4 doesn't seem like an outlier package though, so you might be under compensated.
freyr 6y ago
I frequently interview candidates who are 3-4 years out of undergrad for mid-level engineer positions (between junior and senior level). A typical stock package at this level is about $350k/4, give or take. If candidates have multiple competing offers, they can drive this number higher.
Cookingboy 6y ago
For companies like FB and Google that's actually far below the level of a senior engineer (E5/L5), which is usually at around $350-500k range. $280k sounds about right for someone who's about 3-5 years out of undergrad at these companies.
- trhway 6y ago
  my L5 offer was a half of that (kind of lowball which i naturally didn't take). It looks like i got into what i heard is the "benchwarmers" category as a result of that being the second interview with Google - i.e. they hire those low and put on unimportant, to say the least, projects (and the projects they gave me did look so). Edit in response to the comment below: it was Bay Area, SWE L5, about 3 years ago, was truly surprised myself. Since that have learnt about couple other people in the acquaintance network who got similar.
  - cletus 6y ago
    I can't imagine a Google offer for a T5 SWE in the US only having <$200k initial grant anytime in the last 5 years (and probably much longer than that). So this would either have to be a different country or a non-SWE engineering ladder and I would guess that's the case here.
  - Rebelgecko 6y ago
    Out of curiosity, was that before or after any negotiation?
    - trhway 6y ago
      they would not negotiate. Probably because i didn't have competing offers (wasn't actively looking, just responded to their recruiter).
  - joshuamorton 6y ago
    To clarify, your L5 offer was some base salary, and then ~150k in stock vesting over four years? Or was it 150k per year? Because the second is reasonable, and the first is low enough to be unheard of.
    - trhway 6y ago
      200K (i.e. the half of the L5 range mentioned in GGP comment) stock over 4 years (with the total - stock, base and bonus - about 220) >low enough to be unheard of as i said, a couple of guys in the vicinity got similar offers too. Both are somewhat like me - mid-age and 25+ years experience. One did even take the offer, and he run away after the first year :)
tdeck 6y ago
My stock comp for Google was $400k/4y in SF, so it's definitely not outside the realm. Once I started to look around I was amazed at how much I'd been leaving on the table.
- brailsafe 6y ago
  When you started looking around before or after Google?
  - tdeck 6y ago
    Ah sorry my comment was a bit unclear. I had that revelation when I was in my third year at Square and started looking around (not to knock Square, it's a great company!)
- JMTQp8lwXL 6y ago
  How much experience did you have when you were offered $400k/4y?
  - tdeck 6y ago
    About 2.5 years out of school, plus a couple of big-name internships (Adobe and Microsoft). I also had offers from some other great companies which certainly helped. Google only negotiates when you have other offers.
deleted 6y ago
[deleted]
compthrowaway2 6y ago
My original Google offer (as a new graduate) in 2013 had a stock package of about $250,000 (this was back when they awarded units instead of a dollar amount -- it was 500 post-split units). The offers have only gone up since then for both new graduates and more experienced engineers. At L6, the market is closer to 800k - $1.0MM.

Is this suggesting the standard stock package is $275,000?? Or is that just a default value. If so I’m just now realizing I’m massively under compensated...

by cgb223 6y ago

Is this suggesting the standard stock package is $275,000?? Or is that just a default value. If so I’m just now realizing I’m massively under compensated...

zuhayeer 6y ago

This is specifically for a Facebook E4 [1] vs a Square L4 [2] offer package (originally had that in my title, but got pretty long) [1] - https://www.levels.fyi/company/Facebook/salaries/Software-Engineer/ https://www.levels.fyi/company/Facebook/salaries/Software-En... [2] - https://www.levels.fyi/company/Square/salaries/Software-Engineer/ https://www.levels.fyi/company/Square/salaries/Software-Engi...

thundergolfer 6y ago

You can see that the URL is specifying params to fill in values. I'm not sure where those values come from, but they're not 'default values'. They look like low-level FAANG offers. If you reset the tool everything goes blank, and reselecting a company didn't fill in values for me. $275,000/4 doesn't seem like an outlier package though, so you might be under compensated.

freyr 6y ago

I frequently interview candidates who are 3-4 years out of undergrad for mid-level engineer positions (between junior and senior level). A typical stock package at this level is about $350k/4, give or take. If candidates have multiple competing offers, they can drive this number higher.

Cookingboy 6y ago

For companies like FB and Google that's actually far below the level of a senior engineer (E5/L5), which is usually at around $350-500k range. $280k sounds about right for someone who's about 3-5 years out of undergrad at these companies.

trhway 6y ago
my L5 offer was a half of that (kind of lowball which i naturally didn't take). It looks like i got into what i heard is the "benchwarmers" category as a result of that being the second interview with Google - i.e. they hire those low and put on unimportant, to say the least, projects (and the projects they gave me did look so). Edit in response to the comment below: it was Bay Area, SWE L5, about 3 years ago, was truly surprised myself. Since that have learnt about couple other people in the acquaintance network who got similar.
- cletus 6y ago
  I can't imagine a Google offer for a T5 SWE in the US only having <$200k initial grant anytime in the last 5 years (and probably much longer than that). So this would either have to be a different country or a non-SWE engineering ladder and I would guess that's the case here.
- Rebelgecko 6y ago
  Out of curiosity, was that before or after any negotiation?
  - trhway 6y ago
    they would not negotiate. Probably because i didn't have competing offers (wasn't actively looking, just responded to their recruiter).
- joshuamorton 6y ago
  To clarify, your L5 offer was some base salary, and then ~150k in stock vesting over four years? Or was it 150k per year? Because the second is reasonable, and the first is low enough to be unheard of.
  - trhway 6y ago
    200K (i.e. the half of the L5 range mentioned in GGP comment) stock over 4 years (with the total - stock, base and bonus - about 220) >low enough to be unheard of as i said, a couple of guys in the vicinity got similar offers too. Both are somewhat like me - mid-age and 25+ years experience. One did even take the offer, and he run away after the first year :)

tdeck 6y ago

My stock comp for Google was $400k/4y in SF, so it's definitely not outside the realm. Once I started to look around I was amazed at how much I'd been leaving on the table.

brailsafe 6y ago
When you started looking around before or after Google?
- tdeck 6y ago
  Ah sorry my comment was a bit unclear. I had that revelation when I was in my third year at Square and started looking around (not to knock Square, it's a great company!)
JMTQp8lwXL 6y ago
How much experience did you have when you were offered $400k/4y?
- tdeck 6y ago
  About 2.5 years out of school, plus a couple of big-name internships (Adobe and Microsoft). I also had offers from some other great companies which certainly helped. Google only negotiates when you have other offers.

deleted 6y ago

[deleted]

compthrowaway2 6y ago

My original Google offer (as a new graduate) in 2013 had a stock package of about $250,000 (this was back when they awarded units instead of a dollar amount -- it was 500 post-split units). The offers have only gone up since then for both new graduates and more experienced engineers. At L6, the market is closer to 800k - $1.0MM.