Current TC: 95k 2 YOE
Have two offers, which one should I go for?
Indeed 150k Austin
Bloomberg 180k NYC
Not sure how Bloomberg is in the tech world.
Currently living in Austin.
Current TC: 95k 2 YOE
- Booking.com HTTP 418moreBetween those two, I would suggest Bloomberg. Besides being fintech, they also have a lot multimedia tech stuff. A lot of realtime products. I don't know the scale of indeed, Bloomberg is across the world in multiple timezones. From just a scaling perspective that would be much more interesting.
- Outside FAANG Bloomberg is one of the best employers. Better health insurance compared to even faangs. Depending upon the team, you can get a great tech stack. Check the team you are joining. Tech scene in NYC is second best in the country ( first is Silicon Valley of course). COL is VERY high though. You will make less money but I think it’s better for your resume
- Based on what's written/suggested here and your YoE which suggests that you are in your 20s ... Go for NYC ! Have an adventure! The city offers so much for young people and just experiencing that is worth it. Money? If you work well that s going to grow. But again, if you are ready for a family + kids - choose Austin, otherwise it will be tough. Good luck.
- I don't know exactly (I don't qualify as young ))) besides the plethora of restaurants and nightlife, concerts and all sorts of activities - dance, sports, crafts, and million others everything is "a block away", do whatever you want and whenever you want ... NYCs nature is Central Park and shore walks )
This is the city where you step outside and you are in the middle of things! Not for everyone though.
- Yeah, but all except SF are much cheaper, and the weather in SF is much better. All offer much better access to nature, cleaner air, cleaner streets and less hassle. Seattle doesn't have the car-free lifestyle of the rest, but access to nature is superb and tech income to COL ratio is the best, with medium COL, no income taxes and lots of high paying companies. Still seems to me that restaurants and nightlife are the only reasons to live in NYC.Jun 13 0
- Since your $150k at Indeed is not all cash and includes illiquid equity, the money discussion here is a no brainer if your wife works. In that case, you will save/invest significantly more at Bloomberg in NYC. If not, it depends on the cash component of your Indeed comp.
You could split a small studio in Austin for $750 each per month, or split a nice studio within a 15 min commute of Midtown NYC for $1500 each per month. In Austin, you'll need a car, which will cost you at least $250 per month including insurance and gas. Groceries at Whole Foods will cost about the same in both cities. If you and your wife split expenses, you'll be able to live on $3k/month in Manhattan easily. I do that while paying to travel internationally 4x per year.
Don't forget that Bloomberg also has a $7,750 401k match. With the match, your Bloomberg TC is $187,750.
Ratio-based cost of living comparisons are irrelevant when you only spend a small percentage of your income. Given that your Bloomberg cash TC is likely >1.5x higher, the absolute amount of money that you invest per year will probably be significantly higher there if your wife works.
Bottom line: if you can't do this math on your own, you don't deserve either of these jobs.
- Agreed. In that case, Indeed does sound like the more lucrative option. Quality of life and growth opportunity at Bloomberg is heavily team-dependent. On some teams, it takes 3 weeks to deploy code to prod, while some have all of the latest tools and best practices. If you end up on an archaic team and effect major change, then that will look great on your resume. But most likely, you won't be able to change much on such a team.
Try negotiating more with Bloomberg. Recently, many devs have been hired with $200k TC and 2 YOE (excluding 401k match). I got that with 1.5 YOE in the Bay.
- Bloomberg cap777Bloomberg is a software company that I can assure you. And now Bloomberg is moving away from old crap that they had and is building lots of things from scratch. Depends on the team also. Lots of teams do AI and ML too. Lots of jvm teams as well. Bloomberg does a lot of finnacial stuff but it really is a tech company where engineers are treated well
- Indeed colossalWhat's the breakdown of the Indeed offer? (Base, bonus, and LTIPS)
I'll tell you this much, the only thing that's guaranteed is the base. Coming from Indeed, I can tell you what to actually expect if you decide to go with Indeed.
- Agree with colassal - Bonus is never guaranteed, otherwise it would just be comp. The percentages have changed as do the rating methods. Then there are the odd things that cause someone to lose their entire bonus due to someone not liking something about you and providing negative peer feedbackJul 18 0
- An observation: I see a lot of Bloombergers leaving replies saying Bloomberg is way better but in the poll it says otherwise. Not sure why the discrepancy.
- As with many companies, not everyone will have same opinion. For me, it sucked big time and left recently. But based on few posts in BB channel, I see it worked better for few folks. I see 1 guy from 110k->350k in 5yrs. It depends on your skills, luck, team, manager and skip.
- Cost of living!!!! I live in NYC. I can tell you that with 180TC you will live in a studio or 1 bedroom (rental of course). Or will commute for around 1hr. If your wife works as well you can do better, but for you to live well in NYC you need 300k+ household income. Also you need cash and not RSUs, especially if you are planning on children. Many people choose to live outside and commute - works for many!!
In Austin you will live very well even if your wife chooses not to work. Plus Austin is pretty cool ;) Technology wise and opportunity wise ... I don't know much about indeed ... The only thing you can really brush up on in Bloomberg is c++ and high performance code ... If you are into other things or frameworks - Bloomberg is always behind in adopting those. Don't get me wrong - we have pretty much any buzz tech, but we got it years after the industry ))
- To be fair, NYC proper is generally tough to live for everyone short of a multi-millionaire. The suburbs are like suburbs anywhere else, just more expensive.
NYC is most definitely not kid friendly.
Regarding C++, if you work at FANG, you can kiss goodbye to most external frameworks and such. It's not unique to BB but moreso large, technical organizations.
- If you are young, go have fun in NYC. However, from a strictly CoL living perspective, the Indeed offer is better + way cheaper housing + far fewer taxes.
The career opportunities are arguably better in NYC. To my knowledge, Austin is mostly small satellite engineering offices and customer service offices. The exceptions are Indeed and RetailMeNot.
@op Are you counting the annual bonus in your TC?