Amazon pay had a 30% negative revision for most tenured staff this year. It’s unclear how it plays out with new hires - there are likely still a few very strong Covid era grants out there.

It’s not bad pay, but most mid-caps should be competitive with the pay band in 2025. Amazon paid very well in 2023-2024, and paid well up through 2022.

The back dated pay structure with a 15% YoY stock growth assumption means that unless Amazon grows at 30%+ per year you would be better off at any other medium to large tech company.