Compensation is not talked about enough, leading to huge differences in awareness and feedback for different groups of people. This is a snippet from the full masterclass session about Understanding And Optimizing Your Pay In Tech.
Some companies offer massive signing bonuses for interns that convert over to full-time. In the early 2010s, Facebook (not Meta) paid return interns a $75,000 signing bonus. For top interns (or those who negotiated), they received a $125,000 signing bonus.
For a new grad engineer who might be 21 or 22 years old, this is a huge amount of money. It can be difficult to turn that down. But the more important consideration is the overall total compensation (TC) calculation. Total compensation should be computed over a 4 year window since companies typically give out equity grants over 4 years.
For Rahul's full compensation breakdown of the 5 offers he received as a new grad, watch this video.