Can anyone post what the benefits/salary range/car/stock, basically comp package now that BMS took over. I see an open position posted but not sure what the company and compensation is like now that BMS is in charge. Thanks for any insight you can provide!
We don't even know yet. We are assuming that celgene folks will lose all equity. But the question is will the bonuses and salary bump (if any) compensate for it?
I can’t believe what I’m reading smh. BMS doesn’t pay their legacy employees at fair market value yet alone those “lucky” enough to be brought into the mix. Celgene higher salaries won’t see increases for years in order to recalibrate salaries. You folks are completely unrealistic with expectations!
I am at Amgen and wish Celgene still existed. From the perspective over here: Salaries - unknown. We all got the same flat raise. Next year will tell. From asking around, we make more than they do. Bonus - will be significantly lower. I am in sales and the Amgen guys I see in the field say its a bonus and not at incentive. They don't even know how its calculated. Benefits - the 401k is far superior at Amgen to Celgene plus they have a ESP. Otherwise, every other item such and dental, medical, prescription, dependent health, HSA, etc cost more and delivers less. Other - probably only something the field would notice, but Amgen really shifts costs to the worker. They don't pay anything for cell phone, cap internet at 50, kill you on meals while traveling, and absolutely rape you on the company car. Not to mention, they have a GPS tracker in the car. Not that big of a deal because I work, but it's a bit weird that they know exactly where I go on the weekends. Celgene had its issues, but we got bank and pretty much everyone left us alone.
let’s clear a few things up: Salaries: it’s competitive for a specialty non-biological gig. When this division gets tezepelumab for atopic dermatitis it will lift the base salary bands. Bonus: if the reps you talk to don’t know how their bonus is calculated the you are getting marriage advice from Liz Taylor. Target is $35,000...uncapped. It’s pay for performance. But let’s be honest....the Celgene bonus plan isn’t what it used to be. Benefits: there are some areas where Celgene was better....areas where Amgen is better. But the 401k, ESPP, plus the MRSP where you get a $1,000 credit plus .50 cent match up to $3,000 exceeds what we lost at Celgene. And not by a little. Compounded interest is a powerful thing. other: Amgen gives you a cell phone and you never see a bill. Not sure where you get they don’t pay anything for a cell phone. Meals while traveling? So far I’m expensing actuals..while not going crazy. Personal use on car is industry standard but car selections come loaded with an $80 car wash allowance. The car tracker is a little weird. I’m told it’s to monitor the # of harsh breaks, safe driving...and that you get points deposited into an account to redeem for merchandise like with mo they contests and such. bottom line: it’s a job with a biologics giant that has products in development for derm. That will enhance our skill set selling a biological specialty product. There is some give and take on benefits but there are folks that would give a kidney to have what we’ve got.
you need to take a look at the HSA seed money we got at CELG. $5600 a year and could be used now. compare that to the match you get at AMGN for a retiree plan. you can't even get the money until you are 55+ with 10+ years. leave before that and you forfeit their match. The ESP is ok, but not nearly as good at Biogen's or Gilead's. as for the rest of your "take" I agree.
I agree with most of what you say with two exceptions: 1-our HSA match at Celgene was far superior to Amgens retiree match 2-our bonus during 14-16 was off the charts. It started to decline from 17 on as the whittled away the contests. It effectively was just like any average plan in 2019. The problem with bonus was they never made any adjustment for the built in advantages California and Texas had. Texas alone, with Medicaid in the middle of 2019 is guaranteed to win everything. Look at the final rankings. They will continue that in 2020. 3-Amgen bonus target is 35 but the range is 28-42, meaning you can't make any money if you perform
spot on. if you think the Amgen RMSA is comparable to the Celgene seed money you are either impaired or old and close to cashing in.
