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In-house search with salary goal
Posted: Wed Mar 30, 2022 9:16 pm
by Anonymous User
I'm a 4th / 5th year in a non-NYC major market associate who is thinking about transitioning to an in-house role. That said, I'm really enjoying the biglaw gravy train right now, so I'm not in a rush to leave unless I find an all-in comp package of $250k-$300k. I'm wondering if anybody had a similar thought as they started their in-house search, and if so, how they handled it. Most job postings don't list a salary, so how have others narrowed down their search to roles that fit their salary requirements? Would it be weird to ask a recruiter to keep an eye out for jobs in my area that meet my comp expectations?
Re: In-house search with salary goal
Posted: Wed Mar 30, 2022 10:23 pm
by Anonymous User
Anonymous User wrote: ↑Wed Mar 30, 2022 9:16 pm
I'm a 4th / 5th year in a non-NYC major market associate who is thinking about transitioning to an in-house role. That said, I'm really enjoying the biglaw gravy train right now, so I'm not in a rush to leave unless I find an all-in comp package of $250k-$300k. I'm wondering if anybody had a similar thought as they started their in-house search, and if so, how they handled it. Most job postings don't list a salary, so how have others narrowed down their search to roles that fit their salary requirements? Would it be weird to ask a recruiter to keep an eye out for jobs in my area that meet my comp expectations?
Initial screeners with recruiters typically include a discussion about comp.
Re: In-house search with salary goal
Posted: Wed Mar 30, 2022 10:56 pm
by Anonymous User
Anonymous User wrote: ↑Wed Mar 30, 2022 10:23 pm
Initial screeners with recruiters typically include a discussion about comp.
Okay, next question - is $250k-$300k all in reasonable for a 4th / 5th year? FWIW I'm in IP (do a bit of prosecution and litigation). Would I be better off waiting for another couple years? There are a few posts in that range on the in-house salary threads, but it's hard to tell if that's just filled with self-selecting flexers.
Re: In-house search with salary goal
Posted: Thu Mar 31, 2022 2:25 am
by mongeese
In-House varies a lot, but $250k+ total compensation is very doable for a 5th year in IP in the bay area market. It really depends on the type of company and how they value an IP role.
Re: In-house search with salary goal
Posted: Thu Mar 31, 2022 5:03 pm
by Anonymous User
Remember also that "total comp" for bay area tech is highly depending on how you count equity. I'd expect 200-220 for cash comp (base + bonus) as a 25th-75th percentile bracket.
You may get equity worth another 10 to 100/yr that put you in your target, but it may or not be liquid depending on pre/post IPO, lockup, etc. You'll tend to find lower base and higher non-liquid equity at newer companies -- you're betting on their future success, so evaluate carefully.