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Software Engineer

Average Compensation by Level

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Level NameTotalBaseStock (/yr)Bonus

T3

Software Engineer

(Entry Level)

$237k

$138k

$70k

$28k

T4

$311k

$169k

$128k

$14k

T5

$416k

$193k

$211k

$11k

T6

Staff Engineer

$584k

$229k

$347k

$8k

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Latest Salary Submissions
Company
Location | Date
Level Name
Tag
Years of Experience
At Company / Total
Total Comp
Base | Stock (/yr) | Bonus
Vesting Schedule

100%

YR 1

25%

25%

25%

25%

YR 1

YR 2

YR 3

YR 4

Stock Type

RSU

At Lyft, RSUs are subject to a 1-year vesting schedule: 100% vests in each year (25% every 3 months). Alternatively, Lyft also has the following 4-year vesting schedule: 25% vests at the end of the 1st year (cliff), then 25% in each of the 2nd, 3rd and 4th years (6.25% every 3 months).

Alternatively, Lyft has now begun issuing single year vesting schedules with no cliff. Candidates receive a grant for their first year vesting every 3 months, and upon yearly evaluation receive grants for subsequent years. The pros are protection from the stock price declining, the cons being that you may see limited upside from stock growth.

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