Hello, I have an offer I’m debating for Bloomberg, and I’m curious what kind of TC I can increase in say, 3 years if I stay here. YOE: New grad Offer: ~175k TC Say I’m an average performer, what percent increase or raise per year should I expect? What would you estimate my TC to be in 3 years? Thanks! #bloomberg
You switch to FAANG/Hedge-fund. Not many people stay in BBG if they enter early.
HR should have gone over the raises during your onsite round or offer call. The first year you get what is in the offer letter and after that it's around 10% topping off at 15% for raises (you are guaranteed 80% of your bonus in the offer letter but everybody gets the full amount, prorated). On your 3rd year you should be looking at promotion soon or already got it depending on how well you do. After promotion you easily make over 200k TC but I would assume 200k since your new grad offer is a little bit on the low side (new grads in NY normally get around 165kish TC).
Do you mean 200k base?
Just curious OP, when did you get your offer and how long was it after your hr/hiring manager round? Did they tell you through email or phone call?
2-5 days and email for most people. Bloomberg is quick in their process, I’ll give them that.
Did you negotiate for your TC? If so what was the initial numbers they threw out at you
Looks un-negotiated. Usually they don’t change the base/bonus though, but rather give you a max of 50k signing.
I’ve seen as high as 155k base and 25k bonus on levels.fyi for new grad
Probably should expect a prorated raise of 10%/year (prorated to whenever you joined). Depending on performance it can probably be higher, but 10% seems average. The hike when you become a senior swe is bigger, but raises after that become smaller (maybe 6% average instead of 10%)
Does the annual performance bonus increase along with the base or remains the same ?
Usually the avg 10% TC increase consists of an increase in both base and bonus. Base usually increases more than the bonus
Nice. Why do people keep complaining about BB pay then ? Seems it’s comparable to most tech companies (except a few like Netflix / Fb / G)
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Does this TC include sign on/relocation of 10k?
Yes, so real TC is 145 Salary/0 Stock/20 Yearly Bonus