Offer evaluation - GS, BNY and Tesco

Nov 28, 2021 17 Comments

Folks I need help and opinion to choose between Goldman sachs, BNY mellon and Tesco.

YOE :- 13.5
Cuurent TC :- 34 lpa (fixed)

GS offer (bangalore) : VP (Engineering) + 50 fix + 2.2 (Relocation - verbal) + 10 (annual bonus - verbal)

BNY offer (Pune) : VP - 52.5 fixed + 5 (JB) + 4.2 (Relocation - verbal) + 9 (annual bonus - verbal)

Tesco : SDE3 - yet to discuss on compensation. Not sure if they can provide counter offer at sde3

Details:-
I am left with a weeks time to decide.
I live at my own place in NCR.
I am inclined towards GS but
1.GS is offering less while cost of living for bangalore is highest
2. GS is asking to report to bangalore from day 1
3. BNY is allowing wfh for 3 months atleast but I am not sure abt their annual bonus promise
4. I am planning to negotiate GS based on bny offer
5. Long term plan is to move into tech so bangalore looks better

#goldmansachs
#bnymellon
#tesco
#tech

comments

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TOP 17 Comments
  • Bny will not ask you to come to office forever. They are coming with hybrid model where you will have to go to office once in two months or three months.. but do you know which project they will put you in??
    Nov 30, 2021 1
    • Bny bonus is not promised as it is verbal.. and if you want to move to tech then stop looking for GS and BNY and move to tesco for whatever they give you.. i know it is a hard decision but trust me it is for good.. i have also faced the similar situation last month when i moved out of BNY.. and joined Faang.. but i am happy cz the amt of things i learnt in one month is no where comparable to any bank..
      Nov 30, 2021
  • Cool. Btw, I feel like there at definitely a lot of awesome teams at GS. Inspite of what you read on Blind. I think if your looking for good work, team, culture etc - one can definite find that in GS. As majority of engineering teams have presencr in Blr.
    Nov 28, 2021 0
  • GS can go till 65. Try negotiating. 50 is default basic VP base. Given your experience, you should ask for more.
    Nov 28, 2021 5
    • Hmm, wfh situation is team specific. But most are pushing to join soon. Unless you have a very genuine reason I doubt you can negotiate that.
      Annual bonus( after first year) for VP should in general be around 20 as analysts/associates itself get around 10lac. Sorry, don't know actual figures of someone your experience
      Nov 28, 2021
    • Goldman Sachs / Eng
      machau

      Go to company page Goldman Sachs Eng

      machau
      Bonus is never mentioned in the offer letter. But don’t worry, if they say it verbally you will get it, prorated of course.
      Nov 29, 2021
  • If you plan on moving into tech avoid banks
    Nov 28, 2021 3
  • Tesco / Eng
    2Girls1Cup

    Go to company page Tesco Eng

    2Girls1Cup
    Tesco should be able to match these offers. Beware about the bonus though. Offer letter would say 15% bonus but that is the upper limit (for exceeds/exceeds), not what's actually given. 10% is the rate for met/met.
    Jan 23 1