4 ms·
Below 200? And here I thought I’d at least make a pretty penny if I left my comfortable job for a tech company
by illusive4080 1y ago
Below 200? And here I thought I’d at least make a pretty penny if I left my comfortable job for a tech company
- jedberg 1y agoAmazon is odd that way. Everyone has a base that low, even VPs. All of the comp is in RSUs and hiring bonus for the first two years. Even someone with a total comp of $1M a year will have a base salary of $250K, and a hiring bonus of $700K a year, and then RSUs that in theory make up the rest, as long as AMZN goes up at least 15% per year. When the stock was on a tear, some people would make 2x or 3x their expected total comp. But on down stock years, you could end up at 80% of the promised comp.
- coredog64 1y agoUntil circa 2022 (IIRC), the absolute maximum cash comp even for someone like Jassy was $180K. They lifted that and then the next year made the RSU comp even worse (e.g. limiting your upside on annual grants by focusing on out year 1)
- jedberg 1y agoIt was $160K until 2022. I started in 2022 right after the limit was doubled, but they weren't giving anyone the full $320K because they "wanted to leave room for base salary growth".
- illusive4080 1y agoAhh ok so on an average year you do make a substantial amount.