#engineering #software I got a offer to join Goldman as a Cloud Engineer (associate level) in the Equities team with a Salary of 37.5 LPA Base and 4 Lacs joining bonus and 6.5 Lacs years end bonus. I am currently working as a Tech lead for Blockchain team in Hsbc with salary of 25 LPA. But is ready to match the offer I have a total experience of 5 years have worked at HSBC since the start of my career What would be pro and cons of taking this offer?
If your current firm is ready to match the offer and you're happy working there, stick there.
Go for GS... Will add value to your resume. For ex. I frequently come across people moving from GS to FAANG but rarely find someone from HSBC. I mean anyone from HSBC can move to FAANG, but question is how many actually does? I know this sounds bit odd but statistically you can't deny that. BTW how many total Yoe?
My yoe is 5, Yeah that is excellent point I am just worried about the long work hours, any my current company is literally accept any of my demands
I understand your worry, but it's a risk for long term career optimization. And to be honest I have some close friends working in GS, and know few folks who have been working for long time ( 5+ yrs) so it depends on team as well. If you would have been in some other firm for ex. Microsoft, I would not have suggested you to go for GS. But considering HSBC this seems to me as a good move. One thing is you can try negotiating further with GS saying that HSBC has agreed to match your offer so possible that they can give some shares as well.
This is your chance to push for VP level at GS and more TC. They are desperate for folks. GS recently changed their comp policy and are ready to match FAANG offers. So you should push for at least 50 base. Also try asking for RSUs
When did they do this? Is there any market correction. I noticed that gs bangalore lost many good people since last few months. Due to very bad politics and annual bonus was very bad this January
There was a post on Blind regarding this and the recruiter that reached out to me also confirmed the same thing
Since you have 5 years of experience you should go for VP roles in GS. Try to increase your base upto 45-50 lakhs. You don't want to be lowballed in GS. GS treat lateral hires very badly. Also the year end bonus is variable that depends on various factors including firm's performance, team performance and individual performance. From my perspective I think you should join GS as VP only. Otherwise you'll see many people around your organization with 4.5 years of experience as VP. Don't get lowballed
I agree with other people working at GS. You should ask for VP role, lateral higher market correction do happen but it usually spans in 2 3 yr period. They dont correct the salary in one year, beside your first year bonus is fixed and the increment is also very low in the first year. If you are someone who wants to work in a very technical and highly scalable environment you should not join GS. As far as work life balance is concerned it is pretty sleek for engineers. You do have a lot of meetings in the evening but the work to be done on a day to day basis is mostly minimal. Also once you are in GS you will probably get calls from all the companies (both national and international) so you have better future growth with GS brand value
Why would you not take it?
My current firm is ready to match the offer so I am confused see all the reviews about goldman India
IMO you should take it. GS will boost your resume and will land you better offers in future