PhonePe Senior Software Engineer Offer Evaluation

Education: B.Tech from a Tier 1.5 College
YOE: Almost 4 year
Prior Experience: SDE 2 at a FAANG (40L Base + 23 RSU)
Date of Offer: April 2024
Company: Phonepe
Title/Level: Software Engineer
Location: Bangalore
Salary: 48,00,000 INR
Relocation Bonus: N/A
Joining Bonus: 5,00,000
Retention Bonus: 2,00,000
Stock bonus: 45 Lakh ESOP/4 years
Total comp (Salary + Bonus + Stock): ~65 LPA for first year
Benefits: Standard Phonepe Benefits.

Other Details

• Concerned about the WLB and culture in PhonePe
• Have following competing Offers
  • Early Stage Startup [43 Base + 1 Relocation + 4 Retention + 0.5 Equity vested over 4 years] (Not Inclined due to talent there)
  • US Remote Data Tagging with Software Dev 41$ per hour approx 65 LPA But don't like the work at all
• Have interviews lined up for ByteDance-Dubai and Google L4