GTO. Being promoted to a new role (will have to go through the hiring process) that is Band 4 individual contributor from Band 5 individual contributor. The net new role responsibilities will essentially be a principal engineer (without the title) across 15(ish) feature teams (currently I'm a feature lead of one of those teams), defining the standards and best practices in engineering across a fairly large/important organization. Exceeds/exceeds rating in 2023, at least one Exceeds for the past 5 years. What should I ask for in terms of a pay increase? Currently at 147k base, wanted to ask for 165k base. Is it reasonable? Too little, too much? What are your experiences?
18 replies (most recent on top)
still low for B4
Update: Asked for 175, got 165.
$210k base
So what did u get?
wow, these numbers! GTO pays alot better for Band 5 than my group does!
(staff support, not front office)
Congrats. Here's your 6% pay increase and 2x's the amount of work! Don't like it? Too bad, you don't have a leg to stand on unless you are willing to leave the company. At BofA I've learned take what you expect to be your raise and divide it by 4!
If you want $165, then ask for higher - say $185, or whatever the current market indicates. Let them negotiate you down. Be reasonable, and don't push the envelope, but start higher than what you ultimately think the new position's pay will likely grant.
Congratulations on the promotion! Since you are interviewing for the role you see in a great position. Most of us don't have any say in our pay increase. It's just given as part of the promotion.
I would go to Glassdoor.com to research the pay range. If you want 165k I would ask for more hopes they will meet in the middle.
Don't take anything less than 175k
They should be able to easily bump you 18%. My last move I was able to negotiate an 18% bump for same band.
I think it is reasonable.
Software
Is the engineering software or hardware?
You should start with 200k so you might end up getting 170k atleast
Oof!
I received no raise for moving from 5 to 4. This was not on tech and a while ago but don't get your hopes up.
Charlotte
I said without the title. So yeah, it would be senior engineer.
You skipped the senior engineer title? Pay will depend on the state you are. Most principal engineers make over 200K.