Does Google/Facebook consider competing offers from trading firms?
I heard from someone that either Google or Facebook has a list of companies that they'll match their offers against for competing offers and if you're competing offer isn't one of those companies they won't match it. Does anyone know more about this and if G/FB will match their offers against those of trading companies like IMC Trading, Citadel or Akuna Capital? Thanks! TC: 0
Also they put a discount on equity comp of most companies when factoring in your competing TC. In my case their best offer was 10% below my competing offers
I used to work at a trading firm, and both Google and FB refused to consider my (at the time) current comp when making an offer. FWIW.
Was your comp at the trading firm higher? If so, how much? Also curious which trading firm it was and how you'd compare the WLB, stress level and your interest in the work
Comp was much higher at trading firm, around 70% higher than my comp at FB (Google's offer was similar to FB). I was a quant though, and here I'm an SWE. Stress level and WLB are similar - I think they're driven more by the individual. I like the work more because the problems are more diverse
having competing offers helps to negotiate within the level band, but not outside of it. It also depends whether you were a strong or weak at your level. It’s not unheard of that f and g would decline to match.
Do you mean "strong or weak at your level" in the interviews, or in the previous job? Don't see how they could find out about the latter, unless your manager knows you're leaving and wants to recommend you as stellar (unlikely since that poses a conflict of interest if the employee is in fact stellar)
The former