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.
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.
comments
COL is high in New York but you can find affordable apartments or rooms within a reasonable commute to Bloomberg.
This is the city where you step outside and you are in the middle of things! Not for everyone though.
EDIT: have you been to the cities I listed recently? Doesn't sound like you have
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.
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.
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
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.
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 ))
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.
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?