Facebook or Bloomberg? Career or life?
#facebook #bloomberg #offer #tech 1. title: B is senior, F is E4. Both are software engineer roles. 2. total comp: almost the same. B: base 191k, bonus 39k, sign-on 40k, relo 10k. F: base 160k, RSU 260k/4 yr, sign-on 50k, target bonus 10%. B is 280k first year, 240k with 5-15% increase after, F is 291k first year, 240k with refresh after. 3. location: I prefer NYC because of families. B is NYC, F said no E4 openings in NYC now, only west coast. F’s offer has Seattle as office location. But my friend said you can choose NYC after bootcamp or internals transfer. Any data points or insights? i appreciate in advance. 4. Team. B is trading system called EMSX(Secruities Exeucution), F is unknown until bootcamp finish. 5. WLB: B is prob 40 hrs/week, F is averagely worse(i guess). 6. Reputation: B is great fintech, F is best tier? YOE 4 yr, current TC under 200k. Any info relevant are welcomed. thanks a lot!
Your effective hourly rate will be higher in your first year at Bloomberg, but your comp will increase faster at FB. Btw everyone with >=2 YOE is "senior" at Bloomberg - it has no higher SWE level.
You’re correct. B is kind of too flat in terms of levels.
There are tons of management levels above senior SWE at Bloomberg. I agree that the lack of higher IC levels is a problem for the company, both in terms of SWE retention and large scale software architecture decisions.
I was negotiating with FB and other company once. After I got the offers, I told FB that other company has an edge because I know what team I am joining and what people I will work with, while it vague in FB. Eventually they set up calls with a couple of teams I was interested in and was able to join directly rather than via boot camp. I think your choice does really depends on a team, hence you can try this fb trick ad well. Both options are great I think.
It’s a very useful trick. I’ll give it a shot. But my recruiter said E4 openings only in west coast. I doubt it. Is it because if I choose NYC, she won’t get any bonus from my case?
No location shouldn't matter. Nyc is genuinely hard to get into especially as e4
Negotiate more for FB. And NYC is hard to get into if you are below E5 or aren’t a top performing return intern
Family comes first I’m in the same position trying to find a job in nyc from Seattle. I hope you find your way home. I would take B and work there for few and try to get to FB In NYC.
Why would you ever want to work for fb? Bloomberg all the way. And it’s in nyc
You can't change in bootcamp
B beats FB at code quality and work-life balance. FB beats B at career/comp growth. A decent number of people move from B to FB so if location is important you can do B then try E5 at FB in 2 years. It will probably take 2 years for E4 -> E5 anyways.
From what I have seen, you can reach 300k fairly quickly at Bloomberg as an IC and then switch to FB as an E5 which should be in 350-400k TC range. Bloomberg has improved the bar amazingly in the past 4-5 years and their ICs are in general known to be smart and of higher quality say compared to Amazon, Microsoft. I would suggest choosing Bloomberg and then switching to FB NYC after 2-3 years!
Thx a lot. Just curious, where did u get the data points of the hiring bar for Microsoft and Amazon? From you friends?
This is BS. Reaching $300k as an IC at Bloomberg is exceptional. Excluding those working in AI, <5% of IC engineers earn this much at Bloomberg, and most are recent hires who started at or near $300k. @boolean if your experience has been different, I'd love to hear more details via DM.
I recently had to make the same decision as you and had to choose between FB E4 and Bloomberg. I went with BB. See if you can use your FB offer as leverage to get your BB comp up. Worst case your FB offer should still be valid for the next year and you can wait for headcount to open up in NYC. If you don’t like your team at BB it’s easy to transfer too. NYC ftw.
Wow what made you choose Bloomberg over FB?
I didn’t know what team I’d work for at FB whereas Bloomberg work aligned well with where I wanted to grow. Also, comp at BB was better to me given that’s it all cash (they were also competitive with every offer I had). And it’s a safer bet in this economy too.
Sounds like a personal decision for you.. career or life optimization. Although I think that’s being over dramatic, as you can probably still maintain a decent life in Seattle at Fb, also LCOL compared to NYC (although I’m not a big Seattle guy). Bloomberg is still a good company w good comp, and you can be around family and such. Blind obviously is going to tell you to join Fb (it is a career app after all), but I guess it depends on what you’d rather optimize for
Thanks for ur comment. You’re very insightful. Anything you know about FB NYC or internal transfer?
No I know nothing about it haha just giving a broad outlook on it. Gl though!