Poshmark salaries revealed: Here's how much engineers, analysts, product managers, and more make at the leading resale company that's ready to go public
As the resale market continues to grow, Poshmark is in a favorable position. The peer-to-peer reselling and shopping app is one of many shopping platforms to witness massive growth during the pandemic.
By June, Poshmark was nearly doubling the number of listings on its platform, to about 60 million per day. The growth was influenced, in part, by a general shift towards e-commerce amid the pandemic and consumers committing to reselling side hustles to supplement impacted primary income.
According to Poshmark's cofounder and CEO Manish Chandra, resale will likely emerge as a leading player in a new retail landscape that is based on personalization and immersive experiences. The company quietly filed for an IPO in September, and sources have told Business Insider that its financials are expected to go public shortly.
As of as of December 15, Poshmark employs over 500 people across the globe, including a variety of engineers, analysts, and product managers. Many of these positions offer salaries around or above six-figures. And while it is not rare for some employees' income to go up after a company files for an IPO, length of tenure or how many stock options an employee owns can factor into that added compensation.
Business Insider analyzed the US Office of Foreign Labor Certification's 2020 disclosure data for permanent and temporary foreign workers to see how much Poshmark paid some employees for various roles in different categories. The Office of Foreign Labor Certification discloses salary data each year after US companies report how much base compensation workers are offered when filing paperwork for visas on behalf of current or prospective foreign workers.
For the US, Poshmark applied for 59 H-1B visas for these and other roles. All of these jobs listed are based in the company's headquarters in Redwood City, California. Poshmark declined to comment for this story.
In some cases, Poshmark's tech salaries are similar to those in other tech-focused industries. For example, software engineers' base salaries at Amazon and Google are generally about $155,086 and $177,933, respectively, according to Glassdoor. At Poshmark, software engineers can make between about between $110,000 and $185,000.
From software engineers to product managers, here are some of the annual salaries and salary ranges for different jobs at Poshmark.
There are various levels of software engineering roles at Poshmark, including senior and staff engineer positions. Software engineers at Poshmark can make between $110,000 and $185,000.
At Poshmark, software engineers help design and build services across Poshmark's website using methods based on data. Software engineers also write code, and collaborate with other product and customer support teams to fine-tune the experience for shoppers.
According to five approved visa applications from Poshmark, people with the title "software engineer" — a more junior role — made between $110,000 and $130,000.
Meanwhile, the average salary for a senior software engineer is $160,000. People in this role can also make up to $190,000, Business Insider found.
Other engineering roles
Other engineering positions at Poshmark include staff engineer, principal engineer, and a senior site reliability engineer.
According to six approved visa applications from Poshmark, all of these roles offer salaries over $175,000. However, a principal engineer at Poshmark can make more than $200,000.
According to three approved visa applications from Poshmark, people with the title "staff engineer" made between $190,000 and $195,000. A senior staff engineer at Poshmark can make $215,000, while a senior site reliability engineer can also make around $175,000.
Data analysts at Poshmark can make between $100,000 and $131,000.
People in this role help track and analyze data from the company's site to offer insights to various teams.
According to five approved visa applications from Poshmark, people with the title "data analyst" made between $100,000 and $120,000 while one approved visa application showed that a senior data analyst made $131,000.
Business analysts at Poshmark can make up to $130,000. These types of analysts help Poshmark grow and improve by offering data-based business insights to leadership and various teams at Poshmark.
According to three approved visa applications from Poshmark, people with the title "business analyst" made between $70,000 and $120,000 while one approved visa application showed that a senior business analyst made $130,000.
Senior growth analyst
Similar to other analysts at Poshmark, senior growth analysts work with data to solve problems and help the company grow.
People with the title "senior analyst, growth," make at least $125,000.
Certain managerial positions at Poshmark offer more than $130,000 in salary.
Below are some sample salaries for managers according to visa applications from Poshmark.
Associate manager, analytics: $155,000
Associate manager, analytics: $155,000
Product manager: $160,000
Data and analytics manager: $132,000 (This position has a salary of $175,000 on average).