Senior Business Development Manager Amazon Salary
Senior Business Development Manager Amazon Salary – Amazon is known to pay lucrative salaries for engineering and product roles. The company is hiring Product Managers for various business categories, namely e-commerce, AWS, digital streaming, logistics and aerospace. Although there is almost always a vacancy for a Product Manager at Amazon, interviewing an Amazon Product Manager is not always easy. In addition to possessing the required analytical and product management skills, there are a number of other aspects that must come together in your interview to receive an offer.
If you’re preparing for a technical interview, check out our interview questions page and salary negotiation ebook to prepare for your interview!
Table Of Contents
- 1 Senior Business Development Manager Amazon Salary
- 2 Here’s How You Should Compensate Your Employees
- 3 Amazon Will Create 3,000 New Jobs In Spain Closing 2021 With More Than 15,000 Permanent Employees
Senior Business Development Manager Amazon Salary
Also, read Amazon Leadership Principles Questions and Amazon Phone Interview Questions for specific insights and guidance on Amazon tech interviews.
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If you’re applying for a Product Manager position at Amazon, your level will depend on your experience level and the skills you bring to the table. Product manager roles are generally senior roles, so they naturally command higher salaries. Below are the Product Manager levels at Amazon:
L8 and L9 positions are mainly achieved through seniority. If you are already a Sr. Director of Product Management at another company and apply to Amazon, you may be offered an L8 position, but your title may remain the same.
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As you can see in the chart below, compensation at Amazon increases with seniority:
Amazon offers exciting promotions to Product Managers in addition to other compensation-related benefits. Product managers are offered Restricted Stock Units, which typically have a 4-year term. The amount of units offered is proportional to the level of experience. Directors and senior executives are typically offered lower bonuses and more in stock options. In addition, the vesting period depends on the total number of stock units received. Usually, it is 4 years.
In addition to attractive bundles and stock options, Amazon offers a number of other benefits. Here are some of the benefits you can expect:
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Interview Kickstart offers a comprehensive program for success in technical interviews. After the interview, I received an offer from Amazon to Kickstart.
The Interview Kickstart program is very well structured with top class instructors that will help you upgrade your technical skills as a software engineer in a much more efficient manner.
The curriculum, videos, mock interviews, and experienced instructors really opened my eyes to what level I needed to be for my interview. I was able to land interviews at Amazon, Oracle, and Cisco. At Rora, we’ve helped hundreds of software engineers and product managers negotiate the highest compensation possible. As a result, we get a lot of questions from people about the salary they earn online. The craziest thing we see is that a large number of people still use Glassdoor for salary information. Don’t trust Glassdoor salary information. Don’t trust Glassdoor Facebook salaries, Glassdoor Amazon salaries, Glassdoor Google salaries, Glassdoor Apple salaries or Glassdoor Microsoft salaries. Don’t rely on Glassdoor salary reports.
You shouldn’t trust all Glassdoor tech salary data. If you use Glassdoor’s salary, you’re undercutting yourself by 2-5x, which means leaving $100K+ on the table.
Here’s How You Should Compensate Your Employees
Why is Glassdoor’s data so bad? In short, they don’t take into account the pay scale at each level, and they don’t adjust for the unique compensation structures between stock grants, annual bonuses, signing bonuses, and stock upgrades.
If you have more questions about salary details and would like help negotiating your offer, talk to the experts on our negotiation team.
For example, Glassdoor claims that the average salary for a software engineer (SWE) at Facebook in San Francisco is $165,642 per year (for all experience levels). And real data shows this
Can earn $191,400 + $75,000 signing bonus per year at Facebook. Competencies for this competitive new graduate SWE may include:
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What about engineers with more experience? For Facebook SWEs with 4-6 years of experience (YoE) in San Francisco, Glassdoor claims they earn an average of $188,525 per year. They also claim that equity ranges from $1,000 to $1 million. Perfectly in range.
What should they actually be paid? Most engineers with 4-6 YoEs will earn the rank of Software Engineer (E4) or Senior Software Engineer (E5).
Facebook has never awarded $1 million in equity to a senior software engineer (E5) (this is the equity awarded over 4 years for the median E6 offer). Likewise, no software engineer (E4) received only $1,000 in capital. The standard, initial E4 offering at San Francisco-based Facebook includes roughly $300,000 over four years. Even if you live in a city with a low cost of living and labor in the US, your initial offer should cover about $210,000 over four years.
Glassdoor tried to include stock compensation and bonuses (which is a good start!), but they leave out important components that can lead to you being underpaid.
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The good news is that all standard offers at Facebook, Compass, Google, Amazon, Microsoft and Apple include base salary, annual target bonus and equity.
Let’s take a look at a few of the missing components that every company needs to know about.
If you log in with Glassdoor, you won’t understand any of this. If you were adding your Amazon compensation to Glassdoor immediately after receiving the offer, what would you report? A big cash bonus and a small amount of stock? By comparison, if you were in your third year, you would report the opposite. Because Glassdoor isn’t set up for Amazon’s unique compensation structure, you won’t get the insights and details you need to properly negotiate with them.
There are important details to negotiate, such as knowing when the salary component has reached its limit. At Amazon, the base salary is capped at $160,000 in all pay areas except the Bay Area and NYC. This happened even when Jeff Bezos was CEO.
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With a base salary of $200,000 to $350,000, asking Amazon for a bigger base salary seems like the logical next step for senior employees with competing offers.
But if you ask Amazon for a higher base salary, your compensation package will not increase. Instead, you should ask for a larger first- and second-year signing bonus and stock package.
Glassdoor Facebook Payroll has no sign-up bonuses. For junior and senior roles, Facebook often leaves signing bonuses in the initial offer.
Depending on the role and level, Facebook can offer signing bonuses of up to $100,000. Unfortunately, Glassdoor’s data set doesn’t mention sign-on bonuses, let alone a range.
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Glassdoor Compass Salaries Leave Signing Bonuses. For some companies the impact is minimal – you could miss $10K-$20K. But at Compass, we recently added a $120K signing bonus for an IC3 engineer. Their sign-up bonuses are more competitive for senior customers, but, similar to Facebook, most offers start without a sign-up bonus.
Google has been testing a new equity schedule in its cloud computing group for select offerings over the past few years. They have now extended it to most of their offerings (technical and non-technical). The new structure looks like this:
However, the old structure was 25% per annum. This change makes Glassdoor’s stock data unreliable on Google. For example, is the reported amount a total of 4 years? Or the first year? First year in 33% structure or 25% structure? That difference can add up to hundreds of thousands in a bid.
According to Glassdoor, Microsoft employees with 10-14 YoEs earn a base salary of $140,242 per year. However, most Microsoft engineers with 10-14 YOE are either Senior Software Engineers (L63-L64) or Principal Software Engineers (L65-L66). Both engineering roles at Microsoft pay upwards of $140,000.
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Microsoft’s highest salary is wrong, according to Glassdoor. The group’s highest offer listed by Glassdoor is only $175,
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