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I applied for an "entry-level" EM role with Spotify in 2021 and the base was 260-275, plus a generous bonus target and stock. TC would have been pushing $400k,
by pc86 4y ago
I applied for an "entry-level" EM role with Spotify in 2021 and the base was 260-275, plus a generous bonus target and stock. TC would have been pushing $400k, for a fully remote USCAN-based role. I say that strictly as a calibration point - it's unlikely engineers are pushing half a million (maybe at the Staff+ level) but there's also not likely any engineers before $150k TC. I'd expect even mid-levels to be in the $200-225 ballpark but could be wrong.
I think $150k median is probably on the lower side of correct, but not enough to meaningfully impact any of the numbers anyone is discussing here. It's close enough.
- lotsofpulp 4y agoThe stock price has more then halved since 2021, and based on their business model and history of profit, as an employee, I would not value the stock portion of compensation much. As far as I can tell, Apple/Google/Amazon will always provide the ceiling price for how much Spotify can charge its customers, hence capping revenue, and the 3 record labels will always extract just enough to keep Spotify operating. In a similar situation to Netflix, Spotify’s play would have to be to create their own content to lower their costs, but that is much easier said than done.
- sarchertech 4y agoThat’s what they attempted with podcasts.