Snap vs Bloomberg New Grad
Hello all I currently have two offers and I am having a hard time deciding whether to take the risk of Snap or go for all cash with Bloomberg Snap NYC: Base 130k Equity 160k over 3 years bonus: 10% target Relocation 10k FY 205k Bloomberg NYC: Base 155k Yearly Bonus 30k Sign on Bonus 40k Relocation 10k FY 235k #swe #engineering #software
Bonuses are not guaranteed. The equity is 50k a year. Can Snap stock tank to the point where it’s worth less than 15k a year?
yeah no one uses snap anymore 😭
Bloomberg bonus is guaranteed
If snap wasn’t in the position it is now with the recent layoffs, I would’ve said Snap easily. Based off your judgement there, I would pivot off that for your decision
entirely agree. what made it hard is the prestige/name on resume as a new grad and the talent pool/open source tech stack in snap
Imagine someone seeing this poll results a year ago. How the tides have turned
Snap still gives out offer!
Former Bloomberg here. This a though one, but I say Snap. You will be working on cutting edge tech a lot more than what you can find at Bloomberg. Snap stock is quite a bit down and this a good price point to enter. Bloomberg’s bonus is guranteed, Snap’s not. I believe Snap is the highest tier as eng brand name, while Bbg is second tier. Snap has risk for layoffs and more downside on stock price in the short term while Bbg is very safe place to be. All in all, it is close. If you are on visa, probaby Bbg. Otherwise, Snap
Just curious, why do you say Bloomberg is a safe place to be now? I know it is more established but it seems like every tech company is either having freezes or layoffs
Bloomberg never had layoffs. Not even in 2008 crisis
You are still a new grad, so I am leaning towards Snap as it's more a tech company than Bloomberg. If you are on visa, then I would choose Bloomberg.
I think this has a lot to do with what you want to work on in the future