Pinterest is open to negotiating, but it's not easy to secure a large increase during a Pinterest negotiation. The company typically pays well from the onset and is less likely to lowball compared with companies like Google.
Pinterest doesn't offer cash bonuses. The company considered adding them 2 years ago but never followed through. Instead, they treat stock refreshers as a performance bonus.
One unique aspect about Pinterest compensation is that recruiters are much more forthcoming with Pinterest equity refresher grant targets. It's rare to receive those numbers from recruiters at most companies, but Pinterset will share a fairly accurate range and the refreshers targets are high.
Pinterest has remote, hybrid and office roles, which certainly gives employees lots of flexibility. For its remote roles, the pay differs on the basis of cost of living and market rates in your location. Another nice element is that there is a possibility to switch to fully remote at a later date if your manager is supportive.
Pinterest has remote, hybrid and office roles (as mentioned above). This means you often don't need to move for a role, but certain roles and teams may require you to move. In those situations, you should always push for a $10k+ relocation package and attempt to negotiate additional benefits like 2 months of corporate housing.
Pinterest’s most negotiable component is equity (though not nearly as much as it was in pre-IPO days), and the least negotiable component is base salary. Signing bonus is the second most important component to negotiate as Pinterest is known for relatively high signing bonuses (e.g. possible to get $75K+ at L5). It's worth noting that Pinterest has started splitting larger signing bonuses over 2 years.
They very rarely ask for written offers. However, expect to be asked about additional details regarding the competing offer such as location, offer breakdown, etc.
Pinterest has a hard time going above band, so you certainly shouldn't bank on it during a negotiation. In some situations, we have seen uplevel requests work at Pinterest to secure higher compensation.
Recruiters and managers at Pinterest have less control over offers because the company has a comp team. However, building good rapport with your hiring manager and recruiter is always helpful in a negotiation, as they will be able to advocate on your behalf.
The hiring process at Pinterest is different for every role. The hiring process for a software engineer typically has four stages: recruiter call, phone screen, onsite interview, and offer stage.
The recruiter call will give you a general overview of the role and the interview process.
The phone screen will be conducted with an engineer and will assess your general programming skills, specialized domain knowledge, and overall interests.
The onsite interview can have up to 5 separate rounds (multiple coding rounds, systems design, domain specific topics, interview with hiring manager).
Lastly, if you succeed and an offer is extended, this is where your Pinterest salary negotiation process will begin.
Note: If you require resources for interviewing, we have an article comparing different interview resources like interview cake, leetcode premium, etc.
Let’s consider a Pinterest software engineer salary in 2021. The total compensation at Facebook for the same role is a little higher compared to Pinterest. For instance, a L5 software engineer at Facebook can get close to $500k, but at Pinterest the maximum compensation for that level is around $450k. Historically, Pinterest offers have a large equity component and its stock has been particularly volatile, which can result in big swings in total compensation.
While Pinterest's cash and equity components should be the main focus of your negotiation, Pinterest also offers great benefits. They of course provide health benefits (including vision and dental insurance), a retirement plan (401k and Roth 401k) and other miscellaneous perks (tuition reimbursement, phone bill reimbursement, wfh expense reimbursement, etc.)
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has a unique set of negotiation policies. If you don’t have experience negotiating with them, you risk losing out on large amounts of money because of very small mistakes.
There are many of these rules you need to know to get the highest