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In California, you’d end up paying almost 50% of that in taxes. Take another $100k for living expenses (could be much more if you have kids and an expensive mor
by deanmoriarty 5y ago
In California, you’d end up paying almost 50% of that in taxes. Take another $100k for living expenses (could be much more if you have kids and an expensive mortgage), and you’re left with ~$400k to save per year. In 5 to 10 years you get to something like $2M-$4M (plus market returns). Doesn’t seem that insane of a plan.
- vitalyx 5y agoI saw your other posts on the teamblind thread and wanted to ask a question about the compensation breakdown when it comes to negotiating a large salary like yours. But the reply feature is already locked there, so I thought I'd ask here. Can you please share what is your base/bonus/stock split, what you asked for, what they offered and how you negotiated?
- deanmoriarty 5y agoThese are the steps: 1) Perform as best as you can in the interview. 2) Ask the recruiter explicitly what level the hiring committee decided to put you at. This generally won’t be negotiable since it depends on your interview performance. 3) Go on levels.fyi and look at the data points for such company/level, especially the recent ones, and try to stay towards the upper band of the spectrum. 4) If the offer that comes in is lower, politely ask your recruiter to match those you see online, referring them to the above link if needed. Confidently say that if they won’t be matched you will not be interested in pursuing the opportunity (just say this if it’s actually true, since there’s a real possibility they might call your bluff). My split is exactly in line with what you can see on levels.fyi, so please refer to those data points.
- vitalyx 5y agoThank you for taking the time to write this! This is very helpful.