Offer Desicison

ViaSat beefpork

Jun 11 52 Comments

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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.

EDIT:
Currently living in Austin.

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Indeed
Bloomberg

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TOP 52 Comments

Booking.com HTTP 418more

Between 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.

Jun 11 2 6
- Snapchat eeXB43
  
  of course Bloomberg is much bigger than Indeed.
  
  Jun 12 1
- Bloomberg / Eng the1
  
  Yes Bloomberg is much bigger than indeed.
  
  Jun 12 1
- ViaSat beefpork
  OP
  
  Just curious, how is Bloomberg bigger than Indeed when Bloomberg product is mostly b2b? By bigger I mean scalability not employee number.
  
  Jun 12 0
- Bloomberg / Eng FSCK<GO>more
  
  Maybe not bigger in terms of traffic but definitely as big if not bigger in terms of data volume and breadth of data.
  
  Jun 12 1
- Snapchat eeXB43
  
  Bloomberg has TV channel! think about it.
  
  Jun 12 0
Microsoft ➰_➰more

150k in Austin will go much further than 180k in NYC, but NYC is an incredible city. Agree with previous poster that city and weather preference matters.

Jun 11 8 0
GE / IT PLkx61

Agreed, $150k in Austin you can get yourself a nice 4,000sq ft 5 bed house, vs some shitty 1 bed in NYC. Generally your quality of living will be higher in Austin on 150k, especially if you’re married. Maybe NYC if you were single. MAYBE.

Jun 11 7 0
MobileIron loom

Bloomberg and NYC to at least have some chance to date and get laid

Jun 11 4 2
- ViaSat beefpork
  OP
  
  Got a wife.
  
  Jun 11 1
- MobileIron loom
  
  Lol still you can’t kill your eyes plenty to watch and strips and occasional clubs
  
  Jun 11 0
Yahoo gKXi43

Do you like Austin? Are you looking to move to NYC? This is a huge factor.

COL is high in New York but you can find affordable apartments or rooms within a reasonable commute to Bloomberg.

Jun 11 5 0
Bloomberg / Eng hdfsdfs

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

Jun 12 2 2
- ViaSat beefpork
  OP
  
  The funny thing is- people say that about Indeed too lol
  
  Jun 12 0
- Bloomberg / Eng hdfsdfs
  
  Bloomberg has army of 5000 engineers who are supporting/ building one of the most complex fin tech product making millions since 80s. Indeed is just a job search engine that barely became profitable in 2007.
  
  Jun 12 0
Bloomberg mQaC41

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.

Jun 12 0 8
- Bloomberg mQaC41
  
  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.
  
  Jun 12 0
- Bloomberg / Eng iVX372
  
  Any major US city has all of those activities. SF, Boston, Chicago and D.C. (in decreasing order) also have NYC's car-free pedestrian lifestyle.
  
  EDIT: have you been to the cities I listed recently? Doesn't sound like you have
  
  Jun 12 0
- New HVRt57
  
  @Bloomberg been in Seattle, Chicago, SF, LA, Boston, Toronto, Montreal for anywhere between a couple weeks to multiple years - if you like city life there's nothing comparable to NYC that I've found - Seattle, Chicago, SF, Toronto, Boston are very similar though
  
  Jun 13 0
- Bloomberg / Eng iVX372
  
  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
- Google montasoul
  
  NYC is the best if you show interest in finance?
  
  5d 0
Bloomberg / Eng iVX372

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.

Jun 12 1 7
- Bloomberg / Eng iVX372
  
  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.
  
  Jun 12 0
- Bloomberg / Eng FSCK<GO>more
  
  True. Lots of things besides housing cost the same no matter where you live. Your toys, vacations, college funds for kids cost the same wether you live in NYC or Wyoming. The biggest difference is housing and cost of labor (e.g. daycare, housework, etc).
  
  Jun 12 0
- Bloomberg enufsd
  
  Remember BB 401k has 3yr vesting.
  
  Jun 30 0
- Bloomberg / Eng iVX372
  
  @enufsd does that mean they take back the match after leaving, if the 3 year vesting period has not been met? I seem to have received my full match each year, after less time than that
  
  Jun 30 0
- Google montasoul
  
  Anyone at BBG eventually get the feet into real financial industry (not just SWE)?
  
  5d 0
Bloomberg cap777

Bloomberg 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

Jun 12 1 0
Bayer / IT Genie_22

With COL compared,

Indeed 150k Austin would be equal to ~250k NYC
Bloomberg 180k NYC would be equal to ~110k Austin

So it actually Indeed is a way better offer than Bloomberg unless Bloomberg can give a COL increase to ~250k

Jun 11 1 0
New litasf

Bloomberg is fintech.

Jun 11 0 4
- ViaSat beefpork
  OP
  
  So not software oriented?
  
  Jun 11 0
- New litasf
  
  Depends on Team.
  
  Jun 11 0
- Bloomberg / Eng FSCK<GO>more
  
  Literally half of the company are engineers by head count. Bloomberg isn't well known outside of finance.
  
  Jun 12 0
- ViaSat beefpork
  OP
  
  Same with Indeed imo.
  
  Jun 12 0
Indeed colossal

What'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.

Jun 12 0 2
- Grab whatalife
  
  Hmm what do you mean? Bonus is guaranteed as well. The issue is only with LTIPS because it vests after 3 years
  
  Jun 15 0
- Indeed managerman
  
  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 feedback
  
  Jul 18 0
Oracle strong20

Is the 150 for indeed all cash or part equity?

Jun 11 0 2
- ViaSat beefpork
  OP
  
  Part bonus
  
  Jun 11 0
- Indeed managerman
  
  Don't count on the bonus.... Percentages have been known to change as have the rating methods that determine your percentage.
  
  Jul 18 0
ViaSat beefpork
OP

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.

Jun 12 0 1
- Bloomberg enufsd
  
  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.
  
  Jun 30 0
Bloomberg mQaC41

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 ))

Jun 12 0 1
- Bloomberg / Eng FSCK<GO>more
  
  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.
  
  Jun 12 0
Bloomberg / Eng FSCK<GO>more

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?

Jun 12 0 0
Amazon LAxL08

Bloomberg is not tech

Jun 11 0 0

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