I applied for an L5 Program Manager role at Amazon. Before moving forward in the interview process, they asked me about my compensation expectations. Based on my preliminary market-rate research, I would be looking for a salary between $145k - $165k. (base $120k - $140k | stock 5k | bonus 20k). The recruiter, however, told me that they were looking at compensation that would be about 30-50k below what I am looking for. He told me that I should provide a salary based on what I actually need and would be feasible, as there is a lot of misinformation out there about Amazon’s compensation. However, this number seems quite low, especially for an L5 position in the Seattle area. If I take this role, it would mean a pay cut of 50k from my previous role as product manager on my current team at Microsoft.
It does not look like there is room for negotiation. How should I proceed?