Compensation Details
Education: B.Tech in Computer Science from Tier-1 College
Years of Experience: 4yrs 10 months
Prior Experience: One of the top Investment Bank
Date of offer: June 2024
Company: Microsoft
Title: L62 (SDE 2)
Location: Hyderabad
Salary: 38,00,000
Relocation bonus: None
Stock bonus: 110K USD over 4 years ~ (23L per year)
Joining Bonus : 4L (in 1st month), 1L (in 13th month) = 5L
Performance Bonus : 0-20% ~ 3.8L (assuming 10% for 1st Yr)
Total Comp (Salary + Bonus + Stock): 38L + 5L + 3.8L + 23L ~ 70L (1st Yr)
Benefits: Standard Microsoft benefits
Recovery of Joining Bonus Clause:
| Employment Tenure | Amount (%) Recoverable | |
|---|---|---|
| First Installment (4L) | a. Within 6 months of start date b. Between 6 to 12 months of start date | 100% 50% |
| Second Installment (1L) | a. Within 6 months of first anniversary date | 100% |
They didn't give me any reolcation bonus even if it was a new location for me, i.e., Hyderabad.
I had a competing offer from Millennium (hedge fund) which helped me negotiate Microsoft's offer a bit.
Interview Experience
Read here.
Competing Offers
- Millennium
- Rippling (lost the numbers where I wrote it down, but I remember it was much lower than other offers, so denied their offer)
Question for you guys
What do you guys think about this offer?
Is it on the higher-end? way too high-end? Maybe lower?