Bloomberg folks, I’m joining Bloomberg as new grad soon and was wondering how comp growth works. Is it performance based? If yes, are there specific ways raises are calculated? Bonus multipliers? Base salary/bonus bumps? How do you optimize for TC growth? Also I heard some specialist teams get a lot more comp. Is this true? In depth explanation would be appreciated. Thanks TC/YOE: 0 Offer: ~185k #compensation #tc #growth
Minor data point: I had an offer for a senior swe role (c++) in 2020 and it was pretty weak compared to FAANG. £120k base + £20k yearly bonus. I had 6 yoe at the time.
Bloomberg rewards performers! While I was there got good raises consistently. And my TC was somewhat at par with the market.
Hey, I heard this too. Can you please elaborate? How are raises calculated based on performance, or is it just: you performed well, take this random raise amount? Also what does great performance look like? Are raises yearly or multiple times a year? Thanks
Seriously? Even for a post like this you're not posting TC?
But I did 👀
New grad so TC/YOE: 0. Oh and if you mean offer TC, I’ll update the post now
Performance is the top priority. Also make sure to understand the team philosophy and how your manager/skip approaches problems - at the end of the day your TL is going to bat for you in year end comp discussions. There are extensive discussions on comp calculations in internal threads, mostly it is bumps in base and bonus. Comp is all cash which is good at this time and bonus is mostly assured.
Thanks for chipping in. To clarify, comp discussion is yearly?
Yes.
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They have company-specific channels. A post like this will likely get a lot more traction there.
How could OP post there before having access to a Bloomberg email address?
Yeah, I don’t have access to internal Bloomberg blind yet