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well_negotiator

19 karma · joined September 12, 2016

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well_negotiator··on How Not to Bomb Your Offer Negotiation
It's a not a joke. You work in consultancy which is a service company where margins are not high as goog/fb/msft.

I work in product company with high profits in billions. It's common for new grad engineers who join as L3 and become L5 in 3-5 years in all the above companies.

well_negotiator··on How Not to Bomb Your Offer Negotiation
I had negotiated 2-2.5X with most of the companies on stocks. Shocked? Well, if you ask for 10% more and accepted the offer, it's a party in next recruiting meetings in the company. Always flinch, start with 3X and make the recruiters feel bad. They should do atleast 5-10 calls just in negotiating the numbers. Imagine as a software engineer, how many tasks you had to complete for a project and how many times you have to meet/dial-in the customer/other teams during/after the project. You are the project for the recruiter for this month. Let him/her work for you this month.
well_negotiator··on How Not to Bomb Your Offer Negotiation
Yes. I'm not in average but i won't call myself an outlier. Outliers never come out and talk about their compensation to be frank.

Not posting this to brag. I'd like to increase awareness among engineers to negotiate.

I can show you my W-2 at the end of this year.

well_negotiator··on How Not to Bomb Your Offer Negotiation
Sorry, but your comment is not constructive in anyway. Please read guidelines :)
well_negotiator··on How Not to Bomb Your Offer Negotiation
Early stage startups are making a joke out of engineers by pitching the bro-culture and talking about freedom and 10X- 100X.

And yeah, with a big hype from VCs and investors tweeting about startupX, Y, Z, engineers get fooled and join a startup and work for 4 years and later figure out it was a bad idea.

It's a very bad idea to join a startup for money unless you know the founders really well who have a track record of selling themselves to Google/Facebook/Oracle/MSFT.

well_negotiator··on How Not to Bomb Your Offer Negotiation
Sorry, but this is real. It's very normal for a new grad googler to make $185k total comp in first year.

Offers i had got, Uber, Airbnb, Snapchat, Google, Robinhood, Netflix, Salesforce, Affirm, An investment bank in NYC, Two stealth startup in SF.

In Facebook, it's very common for one high perfoming engineer getting discretionary equity of 1M+ if you do re-defines or create a meaningful impact.

I'm sorry i'm not going for any startup soon as it's hard for employees to make money now. People join startups thinking they are going to do 10X. But investors give equity to startup engineers at 4X inflated valuation. So outcome is probably 2.5x with very high risk.

You do exceptional performance at google/facebook/uber and get noticed by your director and he throws 1M worth RSUS on you in next review cycle. Do it twice and there goes `rest and vest`.

The worst part is if you think this is the best offer for the years of experience, then you're totally mistaken :D

well_negotiator··on How Not to Bomb Your Offer Negotiation
Really sad to know he didn't get a good offer in Airbnb and you both think it's a good offer. But this looks totally like a new grad offer.

I have my friends who just got offers in Airbnb who are getting paid 180k in salary and ~600K in stocks which is basically $330k/year.

My other friend who is senior engineer with 5 year experience is compensated around 500k/year.

I have similar experience and i recently did a job switch with around 11 competing offers and negotiated well more than the previous number. I negotiated with every offer except snapchat whom didn't move their needle but their offer was good not the best.

If you're really good, you can easily negotiate up to 400k/year real money(cash + stocks).

- Googler/Fb employee with 4 year work experience here.