Compensation

Please Help me decide once again:Jump ship or stay put

Bloomberg VyXm11
Feb 9

I have posted this question before which I am updating as per the current situation.

I joined Bloomberg last year with a TC as follows:

Base 131.5k and Sign on 15k relocation 10k and target bonus:8k

The base is now revised to 138k and target bonus for Feb 2020 is now 15k respectively.
Location:NYC

However I have received an propel new grad offer from VMware last year which I couldn't join because of H1b transfer is as follows
Base 125k bonus 15k sign on 25k relo: 15k
And rsu of 100k (25k per year) in Palo Alto CA

Update: The VMware base wouldn't be revised until next August probably

However they are giving me an option to join it this February if possible.

So I am unable to decide whether I should go for this entry level program (mts 2 though) by leaving 10 months exp or stay put at bloomberg

Please help me in this

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  • Western Digital rhrR87
    Do you like NYC? Are you happy in Bloomberg? I do not see substantial difference in offers. In the other hand too many unknowns by going VMware: new city, new company, new field, new manager. Many things to think about.
    Feb 91
    • Bloomberg VyXm11
      OP
      I totally agree and that's what is making this decision very hard.I am neutral about the city as the weather isnt as good as bay.I am happy with the team but couldn't ignore the fact that I was underpaid when I got hired.
      Feb 9
  • Dropbox super-dope
    I’d stay put. There are interesting teams in Bloomberg. If the other offer is from FAANG or unicorns then I’d seriously consider.
    Feb 102
    • Bloomberg VyXm11
      OP
      R u currently working/looking in Bloomberg
      Feb 10
    • Dropbox super-dope
      Nope I had worked there. My point is the switch doesn’t seem to be worth it.
      Feb 10
  • New Stuvy
    Why not stay put and try for FANG , in NYC or elsewhere ?
    Feb 94
    • Bloomberg VyXm11
      OP
      I could try to do that but moving across companies might be difficult as the company/me wants to start the green card process (which might take 2+yrs)
      Feb 9
    • Bloomberg iVX372
      By what date would you have the green card if staying at Bloomberg? And by what date if joining VMWare?

      Seems like the earliest green card date should be your main motivation, since the compensation difference is small. Interview processes should be easier once you have it, so it's probably financially worth holding out for a larger comp increase at the earliest possible date.

      C++/Python/JS is the same stack Google uses, so your career progression is in good shape if staying at Bloomberg.
      Feb 9
    • Bloomberg VyXm11
      OP
      @iVx372,I feel there wouldn't be much difference in the processing times at the both companies and since I am from backlogged country I can only hope for I-140 approval which can be 2+ years if initiated now.
      Feb 9
    • Bloomberg iVX372
      See Googler reply below. That seems like the right answer, since H1B shouldn't harm you in FANG interviews
      Feb 9
  • This comment was deleted by original commenter.

    • AQR sweews
      How much for how many yoe for example have you heard?
      Feb 9
    • New Stuvy
      It’s funny if you think TC 220-250 is higher than G/FB/HFs. You have been trusting recruiters too much . Even if they give that TC , the rate of growth would be way lesser than FANG
      Feb 9
    • Bloomberg / Eng
      Fork()

      BloombergEng

      PRE
      Amazon
      Fork()more
      It's not higher but it's definitely in the range. Keep in mind, there is also a premium cash vs stock.
      Feb 12
  • Intuit what!
    Vm ware is notorious for mass layoffs by the way!
    Feb 92
    • Bloomberg VyXm11
      OP
      Yeah..but it shouldn't affect new hires for atleast 6 years I presume?
      Feb 10
    • VMware CSXs84
      lol, no. Depends on your team. One guy, a couple cubes from me, moved across states with his family and started his new job Jan last year. Was laid off in that week. His team was hit hard though. Extremely unfortunate.
      6d
  • Google armatu
    Why do you want to move? Trying to squeeze extra 10k doesn't feel like a good move. You should be looking for a project/company you like, and strong peers. This way you grow your skills much sooner and your salary will reflect that. If the money is your only motivator, it's penny wise and pound foolish. Not a good long term strategy imo.
    Feb 92
    • Bloomberg VyXm11
      OP
      Like I feel the work at Bloimberg currently doesn't feel that in trend with the industry standards/open source.And Vmware gives a prospective chance at working in new and upcoming android's technologies
      Feb 9
    • Bloomberg / Eng
      Fork()

      BloombergEng

      PRE
      Amazon
      Fork()more
      Honestly, very few people work with what you are talking. Even at FANG, most work is routine.
      Feb 12
  • Uber dangit
    Vmware HR is lying. They always can make it happen. Plus you’ll have to payback Bloomberg relocation and sign on if you are leaving before 1 year. Ymmw.

    Also Palo Alto is HCOL, it’ll suck every dime out of your pocket. So better to stay where you are, gain more experience and then try again. Vmware will still be there and you probably might get in as a Senior MTS
    Feb 92
    • Bloomberg VyXm11
      OP
      Yeah..even I feel the same but the prospect of delaying green card process just for a future offer at a company isnt being viable
      Feb 9
    • VMware ukQK06
      VMware HR can indeed make it happen... Assuming the business case is there to increase the RSUs. That is, you have to demonstrate that you're worth more than the offer and why VMW should shell out more. Pretty standard policy actually.
      Yesterday
  • VMware
    goodboi

    VMware

    PRE
    Amazon
    goodboimore
    I think you are the guy that called me. That was creepy AF man. But I empathize with your situation.

    There isn't a considerable difference between both the offers, but I think that VMware's offer is a bit better because of the RSUs.

    If it is just the 10 month experience you are concerned about, then keep in mind that over the years that experience wouldn't matter much.
    Feb 100
  • Salesforce Parisian
    Ask for more money at VMWare and move.
    Feb 94
    • Bloomberg VyXm11
      OP
      I did..but the request wasn't approved even though the HR felt it would be unfair
      Feb 9
    • OnDeck max2387
      I am at BB and I am surprised ur raise was only 6%
      Feb 9
    • Bloomberg VyXm11
      OP
      I think it's reasonable for freshers who spent 3 months in training and joined in april
      Feb 9
    • Bloomberg
      hailsanta

      Bloomberg

      BIO
      Here for TC
      hailsantamore
      I got almost 10% raise after joining in June. Jump ship.
      7d
  • Oracle not_larry
    What’s the stack at Bloomberg?
    Feb 93
    • Bloomberg VyXm11
      OP
      Usually c++,python and javascript dealing with old code
      Feb 9
    • Oracle not_larry
      Better to leave. Ask VMware for more RSU.
      Feb 9
    • Bloomberg VyXm11
      OP
      I did ask and when the hr tried to revise the request was denied
      Feb 9
  • VMware codejunkie
    Wait for another year and try for FAANG.
    The compensation raise doesn’t seem worth it.
    Feb 102
  • Google hfch
    If you’re on h1b there shouldn’t be any problem with moving to FANG when you crack the interview, make sure not to start the green card until you’re ready to stay in one place for 2 years.
    Feb 92
    • Bloomberg iVX372
      ^ this
      Feb 9
    • Cisco lwac86
      If green card process starts in a company A. Can I move to company B after 2 years (assuming the i140 stage is over in 2 years) ? Or will the green card process start from scratch in the new company?
      Feb 9
  • eBay laserpntr
    Palo Alto is extremely expensive. Keep that in mind and also remind the recruiter About cost of living changes for you.
    Feb 91
    • Bloomberg VyXm11
      OP
      Yeah but they are saying its impossible to change now..
      Feb 10
  • AQR sweews
    Yoe?
    Feb 91

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