Yugihoe wrote: Anonymous User wrote:
Anonymous User wrote:OP here -- offer did end up coming through (hallelujah!), so thought it'd be helpful to include this as an additional data point since this position is not in CA/NYC.
$37.5k bonus (variable; pegged to performance of the company)
$30k in RSUs and options
$20k sign-on bonus
6% 401k match
OP - Congrats on the offer.
Am I correct with the math then that your total package is around $225k/year (not including the sign-on bonus)?
I'm going through the process, having only been in biglaw for about 16 months, and wondering what I should expect (market is NY/Chi/SF/LA/DC).
Very interested in your outcome, 16-month biglaw anon and hearing more responses to this question. Good luck.
Not 16 month biglaw anon but I started looking around that level and started really applying in earnest about 2 years in and I'm still looking over one year later. I've probably got almost 30 interviews, including screeners, and no offers. Only a handful or so has gone to a late stage. I'm a pretty bad interviewer but it's also difficult. I'm pretty sure there are several other associates around my class year at my firm who have been trying for a similar amount of time with similar results.
That being said, I did discuss comp with a few places and it seems like they're looking for something like $160-170K (base) for 1-2 years in, going up to more like $170-190K (base) once you are like 2-4 years in. Years here mean years worked not class years. That's plus a 5-15% cash bonus, often matching 401Ks (but not always) and a big song and dance on the value of equity. With a public company the RSUs can be another $15-40K on top. Public companies don't hire many junior associates though (at least in the Bay Area) so I didn't get many shots at that until recently.
This is Bay Area tech but I think big expensive markets are probably pretty close but maybe with slightly better cash bonuses and less equity singing and dancing. That's admittedly based on a limited data set, and you may be able to get higher, but I feel pretty good about those ranges personally.