Went through the Netflix PM loop earlier this year, declined the offer but want to share the numbers since there's not much PM-specific data out there.
Role: Senior PM (their equivalent of a PM2/PM3, roughly 5-7 YOE expected). Location: Remote, though they wanted me overlap-compatible with LA.
My offer: Base: $210k Bonus: none (Netflix doesn't really do bonus in the traditional sense) Equity: offered RSUs, which was interesting because I've heard new grads don't get them but at senior PM level I definitely got an equity component. Around $100k/4yr vest, cliff at 1 year. Sign-on: $30k
First year TC: roughly $265k assuming standard RSU value at vest.
For comparison, I had a competing offer from a streaming competitor (won't name it) at $195k base plus meaningful equity. The Netflix number won on base but the long-term equity picture was a real conversation I had with myself.
A PM friend at Netflix who's been there 3 years told me she's at $230k base at principal/L7 equivalent, no bonus, equity refreshes annually based on performance. The no-bonus structure means you can't count on it for planning, but the base is genuinely competitive.
On the PM interview itself: the Netflix PM loop is product sense, execution, and what they call 'judgment' rounds. The judgment round is effectively them probing how you make decisions with incomplete information. No right answer, they want to see your thinking. The product sense round asked me to redesign a core part of Netflix's discovery experience for a specific audience segment. Went deep on data and tradeoffs.
Culture deck is real but also table stakes at this point. Everyone walks in having read it. The interviewers don't want to hear you quote it back to them.