Help choosing one of these offers.

Sears Holdings / Eng
mvtahru

Sears Holdings Eng

PRE
Sears Holdings
mvtahrumore
Sep 21, 2017 28 Comments

I have these offers from two companies, different locations and different domains.
I have 5 years total work experience with 3.5 years in US. Currently in Chicago with 120k total compensation.

Company A: e-retailler, Pre IPO, over 12 years in market.
Location : Bay area
Role: Senior software engineer
Base: 170k
Relocation: upto 10k based on expenses
Sign in bonus (in lieu of relocation) : 10k lumpsum
Annual bonus: upto 10%
Options: 5000 over 4 years. 25% per annum.
Strike price: Approx. $14
GC: After 90 days of joining (can't say if that will really happen)

Company B: Financial investment banking firm
Location : New York
Role: VP (initially it was Associate)
Base: $155k (initially was 140K then I told about other offer)
Relocation : $20k lumpsum
Annual bonus : Performance based. Heard they get really good bonus. I will get prorated bonus for this year based on months I work there for this fiscal year.

Which components should I go for negotiation?

comments

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TOP 28 Comments
  • Intuit wUVe67
    It’s not just about the money between these two choices: one job is as an engineer and another as an ibanking associate. Which of these functions do you want to do? What sounds like a more appealing job and better long term trajectory? The monetary difference is peanuts compared to your overall job satisfaction and your total career.
    Sep 21, 2017 2
    • New / Product
      AKFI22

      New Product

      PRE
      Morgan Stanley, Bank of America Merrill Lynch
      BIO
      Nah.
      AKFI22more
      I agree. Banking will be cushy and Retail will be a daily struggle.
      Sep 21, 2017
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      I agree. I know that I will not loose anything (apart from few thousand dollars) if I go for NY investment banking firm. It is reputed name in its domain so will be strong on resume.
      However, the SF one seems to have good learning potential for me. It is doing well in its domain too. It's hard to choose.
      Sep 23, 2017
  • Indeed / Eng KomalUber
    Startup stock should be valued at 0. Bonus in finance can be good depending on how close you are to real money. Ask recruiter for avg bonus. I'd get ny company to match 170 and take it instead of startup. What sort of work in each?
    Sep 21, 2017 4
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      SF role will involve work with building data platform, data processing and working alongside data scientists to deduce meaningful data for inventory, manufacturing and demand forecasting etc. Whereas NY work would involve working with services that cater to investment banking and another team works to build and maintain Data platform for these services. I can chose any of these 2.
      Sep 21, 2017
    • Indeed / Eng KomalUber
      Doesnt look like its supporting trading, then I'd skip Bank role
      Sep 21, 2017
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      Can you elaborate on this?
      Sep 23, 2017
    • Indeed / Eng KomalUber
      I'd suggest learn the difference between investment banking and trading. Both are different. If you work close to quants or build trading platform for algorithmic trading it is much better than building systems used for equity research or way out if the loop in money making
      Sep 23, 2017
  • Indeed / Eng Utanfw23Qe
    VP in banks is same as senior software engineer elsewhere. Can you name the bank ? Is it one of GS, MS,JPM?
    Sep 24, 2017 3
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      Yes. GS.
      Sep 24, 2017
    • Salesforce Muhahahhah
      GS has a billion vps
      Sep 24, 2017
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      Yeah. I heard that too. But would that help me if I had to move to a tech company in bay area or in NY itself in future? Or it has value in fintech only?
      Sep 25, 2017
  • YP
    Strad

    YP

    BIO
    I think.
    Stradmore
    I say SF offer. I lived in NYC and hated it. Make them put GC stipulation in offer letter. That's what i did and when they tried to back away from it, i gently reminded them.
    Sep 21, 2017 5
    • Indeed / Eng KomalUber
      This. My friend got promised GC immediately but company took 2yrs giving dome BS reasons. Get in writing
      Sep 21, 2017
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      SF one said after 90 days. NY one said when 2 years are left in visa ( that will be after 1 year for me)
      Sep 21, 2017
    • YP
      Amati

      YP

      BIO
      I think.
      Amatimore
      EB2 or EB3? Which country?
      Sep 21, 2017
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      Probably EB3 (will check this with them) for India.
      Sep 21, 2017
    • YP
      Amati

      YP

      BIO
      I think.
      Amatimore
      Ouch. If you have master's or enough work experience try to do eb2. Another vote for SF, get ur GC faster.
      Sep 21, 2017
  • This comment was deleted by original commenter.

    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      Not sure about exact bonus % in investment banking software jobs. Would be great to know exact data if we have someone here in that kind of job.
      Sep 21, 2017
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      Got to know that it's minimum 10%. On an average it's more than this.
      Sep 23, 2017
  • Capital One / Eng πŸ’©1
    What does GC stand for?
    Sep 21, 2017 1
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      Green card
      Sep 21, 2017
  • Microsoft / Mgmt IamSatya
    Voting option would be better..Bay area
    Sep 21, 2017 1
    • Sears Holdings / Eng
      mvtahru

      Sears Holdings Eng

      PRE
      Sears Holdings
      mvtahrumore
      OP
      Well. Voting option would be better if it was just deciding between cities. But here I am thinking in terms of total compensation too.
      Also, looking for suggestions for where can I negotiate in these.
      Sep 21, 2017
  • Sears Holdings / Eng
    mvtahru

    Sears Holdings Eng

    PRE
    Sears Holdings
    mvtahrumore
    OP
    So an update, the NY company is offering VP role now. (Analyst < Associate < VP)
    Sep 24, 2017 0
  • Salesforce Muhahahhah
    If you come to sf you can job hop way easier in a couple years. Data science is hot. Come on over
    Sep 22, 2017 0
  • HouseCanary rBqo26
    Bay Area offer seems better. CoL is close to the same both places, so I'd go with the Bay Area.
    Sep 21, 2017 0
  • New / Other cccg
    Look at cost of living too. Bay area seems nice but I am less familiar with their COL than I am with NY
    Sep 21, 2017 0