Unexpected TC from Bloomberg

Percolate strangest
Dec 13, 2019 54 Comments

Current TC: 160k
YOE: 4

I've had a verbal approval from Bloomberg for a few months, but have been shopping around and received 1 more (lowish) offer + another expected. I still have an onsite at FB to schedule, no availability til Jan. Bloomberg has been getting pushy about making a decision, but I didn't want to give up on these other places (I was about to apply to Twitter and Google as well) since the work/team at BB doesn't seem exciting to me (C++ monolith -> python microservices conversion). I had a call with the recruiter just now and he asked what TC I would need to stop looking. I threw out 270k, which I thought would be out of range for my 4 YOE, and he said he could maybe make that work, gave me the weekend to think about it. If I'm ok with it and he clears it, he'd put out a 270k offer with a short deadline.

The FB recruiter happened to call me immediately after and I explained the situation and she suggested come in for the interview in Jan and renege if I get it. Makes me very uncomfortable and I hate to burn bridges but obviously this is a huge decision and I really do think FB would be a better place for me. Focused on learning, career growth, being around smart engineers right now.

I was about to let BB go, but 270k is pretty massive, and there's the difference in WLB reputation between BB and FB to consider.

What would you do? Accept BB? Accept then maybe renege? Just keep looking?

Edit: Bloomberg team would be Data License, if that factors in at all, what's the reputation there?

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TOP 54 Comments
  • Scotiabank saywh
    Accept BB. Leet for a year. Apply for FB again with your new TC as baseline
    Dec 13, 2019 2
    • Bloomberg blindnon
      Sound advice
      Dec 13, 2019
    • Bloomberg / Eng
      leapfrog

      Bloomberg Eng

      PRE
      CA Technologies, Bloomberg LP
      leapfrogmore
      Very solid advise here indeed. It's not as much legacy as you might think and it all depends on which team. You'll learn a lot regardless and the year goes by quick
      Dec 13, 2019
  • Bloomberg / Eng
    AMI<GO>

    Bloomberg Eng

    BIO
    All opinions are my own and not my employer's. All advice is to be taken with a large grain of salt.
    AMI<GO>more
    270k in all cash is substantially better than what I got with similar TC/YoE last year. I was given 215k after negotiation.

    What's your secret OP?
    Dec 13, 2019 2
    • Percolate strangest
      OP
      I told them about my other offers and onsites, and I kept pushing for more time. They're probably pretty fed up with me at this point and willing to solve the problem with money. A few weeks ago they made it sound like they were going to have their team headcount filled by now but I guess not.
      Dec 13, 2019
    • Bloomberg / Eng
      AMI<GO>

      Bloomberg Eng

      BIO
      All opinions are my own and not my employer's. All advice is to be taken with a large grain of salt.
      AMI<GO>more
      I did so to though I heard HR is getting worried about attrition in the last year. This may be a knee-jerk response that benefits you
      Dec 13, 2019
  • Percolate strangest
    OP
    For anyone still following this: Official numbers they've offered are 250 (205 base + 45 bonus), have until Jan 13 to accept. Will think about it for a few days at least
    Dec 20, 2019 0
  • Bloomberg hvf37d
    Any news, Sir? We are eagerly awaiting to find out.
    Dec 16, 2019 4
    • Percolate strangest
      OP
      Okay, I finally have an official offer of 250 (205 base + 45 bonus). I'm right on the fence with this, but it's still a pretty good offer. Have until Jan 13 to accept.
      Dec 20, 2019
    • Bloomberg hvf37d
      That's a solid offer for 4yoe. Congrats!
      Dec 20, 2019
  • With 4 yoe, I would optimize on where you will learn the most. That will increase your earning potential for the rest of your career. Don’t ignore TC but if it’s within 20% or so I would optimize for learning
    Dec 13, 2019 3
    • If You’re not that excited about BB, don’t go just because you have the offer. If you’re not excited, you won’t apply yourself and won’t learn/grow and won’t enjoy yourself. I’ve been there. Go where you’ll be excited. If you don’t get FB are there other opportunities that excite you?
      Dec 13, 2019
    • Percolate strangest
      OP
      FB, Twitter, Google, Airbnb, Pinterest, LinkedIn, etc - the bigtechcos that are creating tools that the rest of the industry uses, employ legendary engineers like Peter Norvig or Guido Van Rossum, etc. I'm under no illusion that they're going to be as easy to get into as BB though
      Dec 13, 2019
  • Bloomberg / Eng
    WPslayer

    Bloomberg Eng

    PRE
    Fidessa
    WPslayermore
    Take 270k. Bloomberg is a decent place to work and you can always shoot for FB in another year or two.
    Dec 13, 2019 0
  • This comment was deleted by original commenter.

    • Percolate strangest
      OP
      Yeah, he made it sound like a possibility definitely not a guarantee. Will update on Monday
      Dec 13, 2019
  • Bloomberg yEfg02
    At 270 the only way up is to leave. So, Jin and leave in a year.
    Dec 13, 2019 3
    • Percolate strangest
      OP
      Pretty sure that was autocorrect for "join and leave"
      Dec 14, 2019
    • Bloomberg hvf37d
      "Gin for a year and leave"
      Dec 16, 2019
  • Bloomberg MOFO<GO>
    Accept BB. This 270k is in cash at BB. Other will give you may be slightly more but a major chunk of that would be equity
    Dec 13, 2019 0
  • Bloomberg rdlv
    I don't think you will get 270k , the recruiter is just selling this to you.. But if you make that, take up the offer. Bloomberg is as not as bad as people say.. you will definitely have loads of opportunities. Worst case, if you don't like it , go for FAANG after a year or two.. Also if FB is your dream company, I'd say take this up and then backoff if you get that offer .. (that's okay). There are tons of recruiters out there and tons of companies out there.. you won't burn any Bridges!! Do what's best for you..
    Dec 13, 2019 0

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