Help me in my decision

Bloomberg dNtv18
Nov 5, 2018 21 Comments

I am a recent Masters graduate and have joined Bloomberg with a compensation as follows :
Base:131.5 k Sign On:15k. Location:NYC

I have got a offer from VMware with a Feb joining date as follows:
Base:125k, sign on:25k RSU:100k over 4 years. at Pal Alto.

Should I jump the ship or continue here at Bloomberg where I will have 8 months exp by February and expect a yearly bonus+pay raise?
Also I am worried about the Cost of living in Bay area as well.

Please help me in my decision:

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TOP 21 Comments
  • Qualcomm
    #swe

    Qualcomm

    PRE
    Apple, Intel, Cisco
    #swemore
    $125k in the Palo Alto area is poverty line. Check rent prices on Craigslist to get an idea how bad living expenses can get
    Nov 5, 2018 2
    • LinkedIn Zeiwkf5
      Not sure NYC is any better
      Nov 5, 2018
    • eBay / Eng
      tcyoegtfo

      eBay Eng

      PRE
      eBay
      tcyoegtfomore
      You idiot, thats the standard new grad package for most of the companies in the bay area. Stop disrespecting and you dont say, must be earning the same amount at Qualcomm after like 10 yoe. Dimwit
      Nov 5, 2018
  • Dell / R&D Dude02
    Jump ship after 8 months is not good for your resume. Moreover Bloomberg may ask to get the sign on back
    Nov 5, 2018 3
    • Bloomberg dNtv18
      OP
      True..and the sign on is restricted till 2 years and I was wondering if I was offered a low offer from bb compared to my peers
      Nov 5, 2018
    • Bloomberg / Eng
      Eyjs

      Bloomberg Eng

      BIO
      Here for TC
      Eyjsmore
      I don’t think software companies care that much about jumping ship in a short amount of time, especially if it happens infrequently. Sounds like you’re having doubts about your choice to join Bloomberg for some reason or another. If you have an offer to do something you’ll enjoy more in hand, go for it. Otherwise, keep interviewing for something you do want to do and jump ship then.
      Nov 5, 2018
    • Bloomberg the dog
      Similar position as OP. jumping because the new project seems like it will be a better learning experience.
      Nov 7, 2018
  • Amazon / Eng
    onMyWay

    Amazon Eng

    BIO
    AWS
    onMyWaymore
    If it’s equal vesting, then:
    Bloomberg: 146k/yr
    VMware: 175/yr

    30k difference. I’m guessing PA is a bit more expensive than NYC, but I don’t know if it’s 30k more expensive.
    Nov 5, 2018 3
    • It’s 150/yr. $25k sign on is not recurring.
      Nov 5, 2018
    • Amazon / Eng
      onMyWay

      Amazon Eng

      BIO
      AWS
      onMyWaymore
      Presumably he’d get some kind of bonus?
      Nov 5, 2018
    • Bloomberg dNtv18
      OP
      That's true.There is a 30k total difference if u add the bonus components and espp options.
      Nov 5, 2018
  • Google / Mgmt Don Jr
    It’s progress. If Silicon Valley excites you, this can help you establish your beach head here. It may not be a lot of $$, but you can only go up from there.
    Nov 5, 2018 0
  • Bloomberg / Eng iVX372
    The comp is close enough (especially after considering your Bloomberg raise in Feb) that imo interest in the work and location should be the biggest factor here. Income taxes are definitely higher in NYC proper (5 boroughs) than anywhere in CA.

    Hopping around doesn't matter when you're inexperienced, but may matter if you want to move into management once you gain experience.
    Nov 5, 2018 0
  • VMware
    9inchguy

    VMware

    PRE
    Amazon
    9inchguymore
    I had an offer from both Bloomberg and VMware and I joined VMware and I don't regret it a bit. Your offer from VMware and BB is pretty standard.

    If you keep working at BB, you'll get a raise of around 5-6k and a pro-rated bonus which would be around 7-8k.

    I assume you will come in at MTS 2 at VMware. You will get a hike next year in August which if you're a decent performer will be around 5%. But you will also get 12% bonus every year.

    If I was you, I'd chose VMware
    Nov 6, 2018 4
    • Bloomberg dNtv18
      OP
      Thanks..I was supposed to be joining in April itself but they mentioned the batch starts in July which caused me to move to bb...I was told that we can only expect a raise after aug 2020 even If i join in Feb 2019..is it the case?
      Nov 6, 2018
    • Bloomberg dNtv18
      OP
      And also can I ask for Seattle? As they mentioned they are flexible regarding this?
      Nov 6, 2018
    • VMware
      9inchguy

      VMware

      PRE
      Amazon
      9inchguymore
      The chances of getting a raise in August 2019 are sim if you join as late as Sept. If you are propel grad, then I think Seattle should be doable.
      Nov 6, 2018
    • VMware
      9inchguy

      VMware

      PRE
      Amazon
      9inchguymore
      *as late as February
      Nov 6, 2018
  • VMware Dewey
    If you would be going up a level, I’d say go for it. Any additional time spent at Bloomberg could have been time that you spent building up VMware on your resume.
    Nov 6, 2018 0
  • LinkedIn Zeiwkf5
    It sounds like you have FOMO. Is there anything wrong with Bloomberg? Are you learning? If you can’t really point to anything wrong, I’d stick around for a bit
    Nov 5, 2018 0
  • Amazon / Eng DynamoDB
    You can live in Sunnyvale and commute to Palo Alto if you want. It's what I do, my rent is not so bad (1500)
    Nov 5, 2018 0