Today I’m going to share with you the breakdown of a recent Facebook manager offer.(Disclaimer: I have changed the data slightly to protect confidentiality but both the numbers and structure of the compensation reflect the current reality of Facebook offers.)
- Job title: Engineering Manager
- Facebook internal Job level: M1
- Year of experience: 14 years
- Base salary: $250,000
- Annual performance bonus: 20%
- Sign-on bonus: $100,000
- Equity: $1,200,000
- Vesting (year 1 – 4): 25%, 25%, 25%, 25%
Total compensation
- Year 1: $700,000
- Year 2: $600,000
- Year 3: $600,000
- Year 4: $600,000
Observations:
This is an excellent offer for an engineering manager. The total first year compensation is $700K including one-time sign-on bonus. For the subsequent years, this person will earn an average of $600,000 assuming no stock price appreciation. Facebook is still smaller than Amazon and Google, and it could have higher potential for stock price appreciation.
At the same time, with this amount of total compensation, it also comes with high expectation and work related stress. Facebook is not an easy environment. It has a challenging performance review process that gets rid of low performers. As Facebook gets larger, more and more corporate politics starts to show up. Being a manager at Facebook requires a high level of emotional agility, political skills in addition to technical acumen in order to succeed. The higher you go at Facebook, the more critical your emotional intelligence and soft skills become.
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