Please help evaluate offer.

[anonymous]

I am currently at the senior scientist level at a biotech in the Cambridge, MA area and I am actually happy at my current company. I recently received an offer from a potential employer at the Associate Director level. The potential employer is pre-IPO and the offer is as follows:

Base: 161k,

Bonus target: 17.5%

Options: 31k (vesting over 4 years, 25% after first year, then 6.25% every quarter).

Through some research in Glassdoor; it shows that the average base pay for Associate Director 172k-175K. Given this information I went through negotiation a first time, and they included a 15k sign on Bonus to the offer. However, no change to the base salary (citing some Radford data and internal re-evaluation of pay); including that they are usually paying at higher than the median.

While the opportunity seems good, I am hesitant to take it, if indeed is below the industry average; I think it can hurt my long term potential earnings. I do not want to work somewhere where they pay below average.

 

[anonymous]

I am currently at the senior scientist level at a biotech in the Cambridge, MA area and I am actually happy at my current company. I recently received an offer from a potential employer at the Associate Director level. The potential employer is pre-IPO and the offer is as follows:

Base: 161k,

Bonus target: 17.5%

Options: 31k (vesting over 4 years, 25% after first year, then 6.25% every quarter).

Through some research in Glassdoor; it shows that the average base pay for Associate Director 172k-175K. Given this information I went through negotiation a first time, and they included a 15k sign on Bonus to the offer. However, no change to the base salary (citing some Radford data and internal re-evaluation of pay); including that they are usually paying at higher than the median.

While the opportunity seems good, I am hesitant to take it, if indeed is below the industry average; I think it can hurt my long term potential earnings. I do not want to work somewhere where they pay below average.

What else do they offer? The Big Picture should also be a factor. The Grass is Not Always Greener. Best Wishes!

 

[anonymous]

The offer is state above.

Besides that the benefits are pretty much the same.

 

[anonymous]

Sounds to me like you’ve made your decision, no?

It’s nice to be recruited, it makes you feel good.

What’s the molecule;and the future? Obvious buyout down the road? I think that’s the bigger question vs. salary and title.

Yes, shares could make you big money, But more often than not, they don’t.

good luck

 

[anonymous]

I am currently at the senior scientist level at a biotech in the Cambridge, MA area and I am actually happy at my current company. I recently received an offer from a potential employer at the Associate Director level. The potential employer is pre-IPO and the offer is as follows:

Base: 161k,

Bonus target: 17.5%

Options: 31k (vesting over 4 years, 25% after first year, then 6.25% every quarter).

Through some research in Glassdoor; it shows that the average base pay for Associate Director 172k-175K. Given this information I went through negotiation a first time, and they included a 15k sign on Bonus to the offer. However, no change to the base salary (citing some Radford data and internal re-evaluation of pay); including that they are usually paying at higher than the median.

While the opportunity seems good, I am hesitant to take it, if indeed is below the industry average; I think it can hurt my long term potential earnings. I do not want to work somewhere where they pay below average.

Oh pipe down college boy