Tech IndustryJun 6, 2019
Bloombergtechmamba3

Bloomberg vs Facebook NY as a New Grad

Facebook NY Offer (E3 New Grad): $115k base, $100k signing, $220k RSUs over 4 years, $10k relocation (Year 1 TC: $280k) Currently interning at Bloomberg and expecting to receive a full time return offer. Is there any way Bloomberg can come close to the year 1 TC being offered by FB? If anyone has any suggestions on how to get Bloomberg to match as best as possible that'd be great. Only considering these 2 for full-time because I want to be in NY and tired of interviewing lol. Pros of FB: Better name on resume I think?, faster career progression, more $$, slightly better perks/benefits, more fast paced/modern, more of a tech company than BB in my experience. Cons of FB: Not enthusiastic about products, questions about company's future trajectory (possible regulation/antitrust/etc.), bad public perception/constant negative news cycle/poor moral compass, poor WLB. Pros of Bloomberg: Awesome WLB, HQ in NY (hence nicer NY office), non-public company and hence steadily flies under the radar, TC is all cash. Cons of Bloomberg: Probably lot less $$ in Year 1, lots of legacy stuff and very not modern tech (though they seem to be trying to improve it a lot), no free breakfast/lunch/dinner like FB :( I want to strongly consider Bloomberg but the main hiccup is likely massive difference in TC. FB pros would indicate it is a no-brainer but I keep having some hesitation about accepting the offer. Probably just recency bias due to the massive recent negative press about the company? Definitely still leaning towards just taking FB simply to collect that year 1 TC though.

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Twitch sn729hskpq Jun 6, 2019

You need to think 2 steps ahead. FB will open lots more doors for you. It’s no brainer.

Facebook lolwutm8 Jun 6, 2019

Once you see Bloomberg's offer you'll choose FB.

New
yTfs54 Jun 6, 2019

They would be comparable year 2 onwards; Bloomberg will offer $200k year 1.

Microsoft Dunph Jun 6, 2019

That's an amazing new grad offer

Google blah🤯 Jun 6, 2019

Holy fuck, what an offer, is this a SWE role? I better work my ass off and get promoted

Microsoft tarasenko Jun 6, 2019

Wow they are hiring for new grads this time of year? I thought it started in Summer/Fall?

Datto, Inc. Klokov_v2 Jun 6, 2019

FB or Bloomberg? OP seems to have interned at FB cause only the top 10% of FB interns get $100k for their full time offer.

Datto, Inc. Klokov_v2 Jun 6, 2019

FB all the way. It’s near impossible to get into NY at E3 right now.

Comcast G0ku Jun 6, 2019

You’d be crazy to turn down a 100k sign-on

Disney tralala Jun 6, 2019

On the recency bias thing: do a 180 on that. FB savaged in press recently means a nice discount on the stock. You’ll get a larger # of shares for the fixed cash amount for your first grant and then when the market gets its head out of its ass and the price recovers, you’ll make that much more.

New
JsJeen Jun 6, 2019

There is no comparison at all, it’s not even close ! Go FB

Fannie Mae 996 Jun 7, 2019

Pretty sure Bloomberg is 130 base with 10 Bonus for new grads, I expect max you can get out of them is 150

New
yTfs54 Jun 7, 2019

You seem to be pretty sure for something that is completely wrong. It's 142k base, 18k target, 10k relocation, 30k signing. Source: I had a 170k offer (without signing) but I didn't have a competing FB offer like OP's.

Fannie Mae 996 Jun 7, 2019

Yeah my info came from 3 years back, probably changed by now