I am a recent Masters graduate and have joined Bloomberg with a compensation as follows : Base:131.5 k Sign On:15k. Location:NYC I have got a offer from VMware with a Feb joining date as follows: Base:125k, sign on:25k RSU:100k over 4 years. at Pal Alto. Should I jump the ship or continue here at Bloomberg where I will have 8 months exp by February and expect a yearly bonus+pay raise? Also I am worried about the Cost of living in Bay area as well. Please help me in my decision:
If it’s equal vesting, then: Bloomberg: 146k/yr VMware: 175/yr 30k difference. I’m guessing PA is a bit more expensive than NYC, but I don’t know if it’s 30k more expensive.
Jump ship after 8 months is not good for your resume. Moreover Bloomberg may ask to get the sign on back
True..and the sign on is restricted till 2 years and I was wondering if I was offered a low offer from bb compared to my peers
I don’t think software companies care that much about jumping ship in a short amount of time, especially if it happens infrequently. Sounds like you’re having doubts about your choice to join Bloomberg for some reason or another. If you have an offer to do something you’ll enjoy more in hand, go for it. Otherwise, keep interviewing for something you do want to do and jump ship then.
You can live in Sunnyvale and commute to Palo Alto if you want. It's what I do, my rent is not so bad (1500)
It sounds like you have FOMO. Is there anything wrong with Bloomberg? Are you learning? If you can’t really point to anything wrong, I’d stick around for a bit
The comp is close enough (especially after considering your Bloomberg raise in Feb) that imo interest in the work and location should be the biggest factor here. Income taxes are definitely higher in NYC proper (5 boroughs) than anywhere in CA. Hopping around doesn't matter when you're inexperienced, but may matter if you want to move into management once you gain experience.
It’s progress. If Silicon Valley excites you, this can help you establish your beach head here. It may not be a lot of $$, but you can only go up from there.
I had an offer from both Bloomberg and VMware and I joined VMware and I don't regret it a bit. Your offer from VMware and BB is pretty standard. If you keep working at BB, you'll get a raise of around 5-6k and a pro-rated bonus which would be around 7-8k. I assume you will come in at MTS 2 at VMware. You will get a hike next year in August which if you're a decent performer will be around 5%. But you will also get 12% bonus every year. If I was you, I'd chose VMware
Thanks..I was supposed to be joining in April itself but they mentioned the batch starts in July which caused me to move to bb...I was told that we can only expect a raise after aug 2020 even If i join in Feb 2019..is it the case?
And also can I ask for Seattle? As they mentioned they are flexible regarding this?
If you would be going up a level, I’d say go for it. Any additional time spent at Bloomberg could have been time that you spent building up VMware on your resume.
$125k in the Palo Alto area is poverty line. Check rent prices on Craigslist to get an idea how bad living expenses can get
Not sure NYC is any better
You idiot, thats the standard new grad package for most of the companies in the bay area. Stop disrespecting and you dont say, must be earning the same amount at Qualcomm after like 10 yoe. Dimwit