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?
Lisa Raphael (left), the social media producer at Katie Couric's daytime talk show Katie, is one of our featured speakers in Mediabistro's upcoming