I have these offers from two companies, different locations and different domains. I have 5 years total work experience with 3.5 years in US. Currently in Chicago with 120k total compensation. Company A: e-retailler, Pre IPO, over 12 years in market. Location : Bay area Role: Senior software engineer Base: 170k Relocation: upto 10k based on expenses Sign in bonus (in lieu of relocation) : 10k lumpsum Annual bonus: upto 10% Options: 5000 over 4 years. 25% per annum. Strike price: Approx. $14 GC: After 90 days of joining (can't say if that will really happen) Company B: Financial investment banking firm Location : New York Role: VP (initially it was Associate) Base: $155k (initially was 140K then I told about other offer) Relocation : $20k lumpsum Annual bonus : Performance based. Heard they get really good bonus. I will get prorated bonus for this year based on months I work there for this fiscal year. Which components should I go for negotiation?
Look at cost of living too. Bay area seems nice but I am less familiar with their COL than I am with NY
I say SF offer. I lived in NYC and hated it. Make them put GC stipulation in offer letter. That's what i did and when they tried to back away from it, i gently reminded them.
This. My friend got promised GC immediately but company took 2yrs giving dome BS reasons. Get in writing
SF one said after 90 days. NY one said when 2 years are left in visa ( that will be after 1 year for me)
What does GC stand for?
Green card
Bay Area offer seems better. CoL is close to the same both places, so I'd go with the Bay Area.
Voting option would be better..Bay area
Well. Voting option would be better if it was just deciding between cities. But here I am thinking in terms of total compensation too. Also, looking for suggestions for where can I negotiate in these.
It’s not just about the money between these two choices: one job is as an engineer and another as an ibanking associate. Which of these functions do you want to do? What sounds like a more appealing job and better long term trajectory? The monetary difference is peanuts compared to your overall job satisfaction and your total career.
I agree. Banking will be cushy and Retail will be a daily struggle.
I agree. I know that I will not loose anything (apart from few thousand dollars) if I go for NY investment banking firm. It is reputed name in its domain so will be strong on resume. However, the SF one seems to have good learning potential for me. It is doing well in its domain too. It's hard to choose.
Startup stock should be valued at 0. Bonus in finance can be good depending on how close you are to real money. Ask recruiter for avg bonus. I'd get ny company to match 170 and take it instead of startup. What sort of work in each?
SF role will involve work with building data platform, data processing and working alongside data scientists to deduce meaningful data for inventory, manufacturing and demand forecasting etc. Whereas NY work would involve working with services that cater to investment banking and another team works to build and maintain Data platform for these services. I can chose any of these 2.
Doesnt look like its supporting trading, then I'd skip Bank role
If you come to sf you can job hop way easier in a couple years. Data science is hot. Come on over
So an update, the NY company is offering VP role now. (Analyst < Associate < VP)
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Do I have the dream job?
Not sure about exact bonus % in investment banking software jobs. Would be great to know exact data if we have someone here in that kind of job.
Got to know that it's minimum 10%. On an average it's more than this.