> Wow, I swear every time I read one of these salary threads the "typical" salary for a FAANG engineer jumps by 50k.
Go look at the 2-year or 5-year stock charts of any of the FAANG companies and you'll see why.
An engineer who started working at a FAANG company several years ago got some RSU grants, and the value of the unvested shares grew a lot since then. On top of that, refresher grants every year or two are pretty common. Total compensation really ramps up after a few years even if you don't get promoted.
So are the RSU grants typically done as a fixed number of shares or is it adjusted based on how much those shares are worth on the market? For example, if the stock price tumbled would new offers be granted more shares to make up for the collapse in value to keep the overall compensation the same?
I'm sure it depends on the company, but my company grants a dollar amount and figures out how many shares add up to that amount. If the stock price tumbled I would get more shares next time I get a refresher grant, because more shares would be needed to add up to the dollar amount the company would grant me.
Go look at the 2-year or 5-year stock charts of any of the FAANG companies and you'll see why.
An engineer who started working at a FAANG company several years ago got some RSU grants, and the value of the unvested shares grew a lot since then. On top of that, refresher grants every year or two are pretty common. Total compensation really ramps up after a few years even if you don't get promoted.