What does compensation for an engineering manager look like? I’m at ExxonMobil currently making just over $325k a year so curious if it is worth applying to a job posting I see on your website.
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If you have looked through this board, you would know not to work at COP for any salary. COP leadership, technical ability, majority of employees, and culture are the very bottom of the barrel. Look at their Alaska office, for example, what a joke. Put your well paid talent to better use at a company better than COP.
COP might want to be a major in certain ways, but we definitely have led the market since 2016 in strategy. RL pioneered 'lower for longer', brought capital discipline into the industry again, was at the helm when we made some perfectly timed acquisitions (concho, shell). . . . .I see a lot wrong around here, but remember where you are. We are upset if our VCIP is =10% for several years now, we have hybrid schedule, 9/80. . . .the list goes on. If we pivoted to become a bit more nimble, took a few chances here and there, let our engineers do some engineering, we could made COP great again
325 base. ExxonMobil doesn’t have bonuses other than RSUs until you hit executive level. RSU is 200 to 300 shares so 20-30k at today’s price but you can’t count on it. Most people do t rank high enough for RSU awards. 7% match on 6% 401k contribution. Pension.
$325 base or total compensation?
Come on over! An infinite amount of manager positions await you as we approach more managers than individual contributors.
Stay at XOM. COP desperately wants to be like XOM but doesn’t have the faintest idea of what it’s doing. We go through the motions but it’s all surface veneer. You’ll be frustrated and looking for the escape hatch inside of 6 months.
If you only care about base salary, XOM probably wins. ConocoPhillips gives good bonuses and stock awards at the engineering manager level. Maybe enough to make the overall compensation about the same. Be sure to consider commute time too. With remote Wednesdays and Fridays, you might drive to work a lot less than at XOM.
That is some serious cheese. Shoulda been an engineer. . . .