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.
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.