What recession? Assuming two anonymous responders to a Quora post are telling the truth, there’s certainly no shortage of money for engineers joining Facebook straight out of school.
Here’s the anonymous response to a Quora thread asking How much does Facebook pay a new grad software engineer:
I am graduating in the spring of 2012, and I was offered $100,000 in salary, a $50,000 signing bonus, $5,000 in relocation, and as many RSUs (restricted stock units) as necessary to be worth $120,000.
EDIT (in response to comments): The signing bonus is paid in its entirety before the start date (but it does have to be paid back if you don’t stay for at least a year). There are also semiannual personal and company performance bonuses. The RSUs vest over four years with a cliff each year.
A second anonymous user confirmed that he or she received the same offer.
Facebook’s starting package compared quite favorably with those from other tech firms mentioned by anonymous users on Quora:
- Google: $100,000 base salary, $7,500 signing bonus, $150,000 in RSUs;
- Twitter: $100,000 salary, $30,000 signing bonus, 16,000 RSUs.
Readers, what do you think these compensation packages?