I went through the Plaid EM loop earlier this year for a senior EM role (managing a team of 8-10, in their developer platform area). I have a few hours to type this up so here's the full picture.
Rounds: recruiter screen, hiring manager (skip-level), two peer/cross-functional rounds, one technical depth round, one behavioral/values round. Six rounds total for the onsite; they also did a separate take-home people leadership case.
The take-home case was: you've inherited a team with a project that's 3 months behind, a senior engineer who's disengaged, and a PM who thinks engineering is sandbagging. Write a 1-2 page plan for the first 90 days. I spent about 3 hours on this. They want to see: how you diagnose before acting, how you build relationships quickly, how you manage up and across, and whether you'd actually address the disengaged engineer directly or just manage around them.
Technical depth round: this is the one that surprises EM candidates. It's not a coding round. But it's also not surface-level. They asked me to walk through a real architectural decision I'd made as an IC or in a leadership capacity, the tradeoffs involved, how I involved the team, and what I'd do differently. They asked follow-up questions that would expose anyone who'd just managed work without understanding it technically. Plaid's EM bar is eng-heavy. They don't want pure people managers who've drifted from the technical work.
Cross-functional round: this was with a PM and a TPM. Scenario-based. "Your team is blocked on an API design decision that requires alignment from three bank partners, two internal teams, and legal. You have four weeks. How do you run this?" Basically: can you navigate fintech-specific org complexity.
What I think they weight most: judgment about when to involve yourself vs. delegate, ability to move teams through ambiguity without false certainty, and actual technical credibility. They asked me point-blank at one point: "if your team tells you an estimate is 6 weeks, how do you know if that's accurate?" The right answer is not "I trust my team." It's something more nuanced.
Comp for senior EM, SF, 2026: my offer was in the $340-$380k TC range. Director-track with strong equity upside if you hit your leveling targets. Not FAANG top-of-band but competitive for a growth-stage fintech of their size.