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by tomduncalf
1304 days ago
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The thing to note is that the base salary isn’t often too far off from non-FAANG jobs, but the stock grant which usually “vests” over 4 years is what makes the compensation so much higher. The amount of stock is locked in based on how many shares the dollar amount you’re offered would buy when you start, so if the share price goes up over time then that’s going to be worth more when it vests (which I guess mostly happened in the last decade), but if it drops from when you started it’s worth less (as happened in the last year, so if you started this time last year and the company stock is down 50%, that compensation is worth a lot less now). I definitely think it’s good to be aware of what compensation at these places looks like, I wasn’t really aware of how significant the stock thing is until recently (but I had a fun career up to now so not to worry!). I guess one of the downsides is that these are often huge companies there’s a reasonable chance you’ll end up maintaining some boring internal system or whatever, so it depends what motivates you. |
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It's disappointing, but it's the reality for a lot of people I'm sure.