Hi first post here so bear with me, I got two offers today from Bloomberg and Schonfeld both at about the same compensation, both in NYC. I currently work at Morgan Stanley as a Java dev with 5 years of experience. The position at Schonfeld is for their post-trade operations infrastructure and Bloomberg is for their content enterprise team doing liquidity evaluations and offering large amounts of reference data to clients. Really torn between the two, my main question is which one is better off 3-5 years from now. Bloomberg is a well established company and Schonfeld is a smaller operation but the room for growth is what Iām thinking can vary here.
Bloomberg. Enterprise is out fastest growing department here with seemingly unlimited funding. You wonāt get half the opportunity/ growth from whatever that other is. Trust me. Iām not on the enterprise team, wish I got the bonuses they did though.
Hey thanks for the response, sorry just curious how you know itās a fast growing department?
Also not on the team. But from what I've seen growth for most engineers at most teams is slow. With that said, I would still choose berg for WLB.
What were your offers? Schonfeld is a well known and respected fund for what it's worth.
Hey thanks for the response, curious if you have any insight into Schonfeld? And Bloomberg offered 205k base with 45k bonus and Schonfeld matched them at 200k base and 60k bonus
I know one guy who's worked there a while and likes it. I interviewed but my tech stack didn't really line up with theirs
Tc looks barely higher at Schofield I would just come here and not take the stress at a fund. If you gonna be working at a fund u should aim for a much better offer.... And it's gonna be easy to get interview at funds once you start working at Bloomberg.
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What are your offers like and what's current TC?
Current is 154 and the offer is 250 roughly the same for both
Are you making 154 as an engineer at Morgan Stanley? Is it in New York?
Bloomberg wlb is definitely a plus. Not sure about Schonfeld, funds generally need things much faster than what I've experienced at bbg based off what I hear from my frnds in other funds. If you enjoy faster pace work environments go for the fund else bbg it is. You'll not b disappointed with wlb atleast
So Post-Trade. That typically means back office, trade reporting, order auditing etc. Thatās shitty work. Itās be different if you were working on algos or low latency trading infrastructure. Also I donāt believe that Schonfeld is a going to line your pockets with cash like HRT, Jane Street, Citadel, Two Sigma would. Unless Schonfeld is giving you a bunch more cash Iād go with BB.
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If you are a dev, bbg is your best bet for $/wlb. In quant firms, a dev takes a backseat and more like a puppet role. Plus bbg is more stable as a tech/data firm.
Hey thanks for the response, just curious what is $/wlb?
$ = pay, wlb = work life balance