In this issue of career intelligence newsletter
- Anatomies of two Amazon level 7 job offers
- SPAC IPO, GameStop, Robinhood, and other Cannot miss tech industry news & "quick take" analysis
- Mega 1-on-1 career coaching program: From Employee to Executive
- Check out other career guide books I have written
- A quote I'm pondering
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Anatomies of Two Amazon Level 7 Job Offers
Today I'd like to share with you two Amazon level 7 job offers. One is at the low end, and the other one is at the high end.
Please note that I have slightly changed the numbers to protect confidentiality but these numbers do reflect the current state of Amazon level 7 job offers.
Amazon has a very flat org structure so there is a lot of job title deflation at Amazon. Many SVPs, VPs, Partners at large tech firms ended up at level 7 at Amazon. On the other hand, I have also seen fresh-out-college graduates who moved up to level 7 inside amazon within 10 years or less. So there is a wide range of experiences and total compensations within level 7.
For reference, Amazon Level 7 compensation is roughly mapped to Google L6/L7 and Facebook E6/E7. In term of job title, Level 7 manager has "Sr. Manager" in their job titles, and level 7 individual contributor has the word "principal" in their job titles (e.g. Principal Product Manager, Principal Software Development Manager, etc.)
Let’s start with a low-end level 7 offer
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Job title: Sr. Manager
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Level: 7
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# of years of work experience: 10+
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Base Salary: $160,000
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Year 1 sign-on bonus: $185,000 (paid monthly)
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Year 2 sign-on bonus: $160,000
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Restricted Stock Units: $500,000 worth of RSUs
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RSU vesting schedule: 5%/15%/40%/40%
Total Compensation:
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Year 1: $370,000
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Year 2: $395,000
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Year 3: $410,000
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Year 4: $410,000
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Total: $1,585,000
Now, let’s take a look at a high-end level 7 offer:
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Job title: Sr. Manager
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Level: 7
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# of years of work experience: 20+
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Base Salary: $160,000
- Year 1 sign-on bonus: $310,000
- Year 2 sign-on bonus: $230,000
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Restricted Stock Units: $950,000 worth of RSUs
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RSU vesting schedule: 5%/15%/40%/40%
Total Compensation:
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Year 1: $517,500
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Year 2: $532,500
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Year 3: $540,000
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Year 4: $540,000
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Total: $2,129,000
Observations:
- If you're not familiar with Amazon's compensation structure, here is a quick summary:
- Amazon's base salary is capped at around $160,000 regardless of your levels. (However, high cost-of-living areas such as San Francisco and NYC have slightly higher cap.)
- For the first two years, your total compensation consists primarily of your base salary plus your "sign on bonus", which is vested monthly.
- Amazon has an unusual RSU vesting schedule. The vesting schedule is 5%, 15%, 40% and 40% for year 1 - 4. So you don't get most of your stocks until year 3 and 4.
- Level 7 total compensation has a wide range: it's roughly between $370K - $540K.
- For a given role, there is a budget for the role. If your offer is at the lower end, don't feel bad. The Amazon hiring team and recruiters are constrained by their budget for the role. However, in almost single case, you have some room to negotiate. I have done this successfully with many of coaching clients.
Need help to nail your upcoming interview with Amazon, Facebook, Salesforce, Google, Microsoft or other top tech firms or late-stage unicorns? Sign up for my 1-on-1 personalized interview coaching programs. You can reply this email or check out my coaching page with details, a list of recent job offers, and client testimonials. Additionally, I also offer customized coaching for career transition, getting unstuck, and navigating corporate politics. Reply this email for more information.
SPAC IPO, GameStop, Robinhood, and other Cannot miss tech industry news & key trend
- If you haven't heard about Special Purpose Acquisition Company (SPAC), I strongly recommend you to read the following articles:
- What is a SPAC? Explaining one of Wall Street’s hottest trends
- The Spectacular Rise Of SPACs: The Backwards IPO That's Taking Over Wall Street
- My quick take: The current SPACs frenzy reminds me of the dotcom explosion and subsequent crash in late 1990s and early 2000s. You might want to join one of the SPAC targeted companies to benefit from IPOs but proceed with caution. Do your research. There is a bubble. However, with COVID recovery and latest round of government stimulus package, it might take some time before the bubble bursts. Focus on joining high growth companies with solid business model and financials. Don't be speculative. It's your career.
- GameStop and Robinhood: I'm sure many of you have been following the unbelievable stories of GameStop and Robinhood:
- Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3
- MEET ANDY JASSY, AMAZON’S NEXT CEO
- My quick take: Andy Jassy is a very capable executive (at one point, my manager at Amazon reported into Andy so I had some interactions with him many years ago. He is a sharp and tough boss for sure.) And Bezos is not going anywhere as he remains executive chairman. Amazon's flywheel will continue its dominance.
Mega 1-on-1 career coaching: From Employee to Executive
- You’ll have a seasoned executive (yours truly, or one of my colleagues -- we'll go through a matching process to find the best fit for you) as your personal career coach/confidante/mentor for the next 6-12 months. Our coaches are former CEO, CTO, CIO, CMO, GM, VP of Engineer, VP of Product, etc.
- Duration: 6-12 months (1 or 2 1 on 1 coaching sessions per month)
- 10 60-minute Zoom coaching sessions
- 12-month mentoring/consultation via Email: You will have access to your coach for email based career advice for 12 months. You can ask your coach anything any time (e.g. stuck in career, difficult boss, corporate politicians, presenting to senior executives, need fire someone, etc.)
- Our executive coach/mentor will work with you to
- Define strategy, road map and plan to unstuck your career
- Gain clarity of what you want, and identify root causes of your career stagnation and frustration
- Help you work on your emotional intelligence at workplace. Coach you how to get promoted, and move up the ladder
- Figure out how to navigate corporate politics — one of the most critical skills for moving up the ladder.
- Revise and polish your resume and social media profiles to build your personal brand.
- Practice interviews
- And more.
- Price: $4,999
- You’ll be coached by a seasoned corporate executive who has been through all of the ups and downs of a corporate career and have successfully tackled many of the challenges you’re dealing with now.
To apply, reply this email and I'll follow up with details.
Past Email Newsletter archive are now available
You can now read all past issues of this newsletter. Here is a few examples:
Check out best-selling books I have written
A quote I'm pondering
Several Naval Ravikant quotes:
“A fit body, a calm mind, a house full of love. These things cannot be bought — they must be earned.”
“Getting rich is about knowing what to do, who to do it with, and when to do it. It is much more about understanding than purely hard work. Yes, hard work matters, and you can't skimp on it. But it has to be directed in the right way. If you don't know yet what you should work on, the most important thing is to figure it out. You should not grind at a lot of hard work until you figure out what you should be working on.”
"“Reading is the ultimate meta-skill that can be traded for anything else.”
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Cheers,
Andrew Franklin
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