DesiTraveller

APM Fresher Salary

Hey folks, Got a full time offer as an APM and they offered:

10 LPA Base
1 lakh Retention Bonus (will be given in the first month)
1 lakh ESOPS

Should I accept or negotiate for more? If I negotiate, which component should I negotiate and how much?

Thanks in advance.

19mo ago

UnicornBaby

Ola Electric19mo

If you have done or doing internship in this company then you should definitely negotiate for more.

DesiTraveller

Contlo19mo

Yes, I completed 1 month and left with another month of internship.

UnicornBaby

Ola Electric19mo

In that case, you should negotiate for at least 15 LPA as base plus 1 lakh retention/ joining bonus

ericcartmanchan

Stealth19mo

Esops turning from paper money to real money probabilities are super slim (<1%).

That being said if you believe in your chance, there is still need to see how much this 1 lakh can turn into. You need to know current valuation of startup(last fund raise) and see what multiple Nx times it can grow.

Ex: 1lakh esops at a unicorn stage will not give you more than 4-5x since most tech companies list at 4-5bn and in most cases below.

While 1 lakh esops from a seed stage valued at 10M can have upto 100x multiple possibility.

Also not most employees spend less than 4 years in a startup for various reason. You may only be able to vest like 50% of 1 lakh.

What's the startup valuation from last fundraise? Only that info can give possible multiples that can grow/be worth when you cash out.

DesiTraveller

Contlo19mo

It's a $3.5 M seed funded startup. Not sure about the valuation.

DesiTraveller

Contlo19mo

Can you suggest me on how to negotiate?

A bit of myself. I am a final year student graduating this year. I have 3 years of overall experience, and 1.6 years of experience in product, all as an intern.

Would be great, if you can frame something for me, as I am new to this.