2024 Presidential Election
Yesterday
563
Heartwarming peaceful protests
India
Yesterday
576
Who are these retards asking for dictatorship in India?
India
Yesterday
485
Modi is a legend, will be remembered for centuries to come
Tech Industry
Yesterday
350
What notice do you give when leaving job?
Tech Industry
Yesterday
1213
The end of Backdoor Roth?!
Hi, (Friend account) I am waiting for an offer at Bloomberg, NYC. Recruiter said he will put me in higher band 300K+. I am unfamiliar with TC and COL in NYC(I’m from Bay). Is this fair? Also there is no stock, its just base+bonus. Here seniors its mostly 350+ but in this market I don’t want to delay. Current TC: past job 280K before lay off YOE: 10 years
It’s not an unexpected range, but this business is all about what you can get. I’d say Manhattan is closer to what SF was in COL, and Brooklyn and Queens can get much more reasonable than east/South Bay if you look hard enough.
TC sounds about right. Bloombergs office is right by the E train, so I’d live in Queens along the E, COL should be pretty manageable, and you don’t need a car. In fact if you’re planning to bring one you should probably not.
Bbg doesn't give equity stake to pretty much anyone (idk about the really higher-ups) since it is a private company and you probably wouldn't even want its stock. 300k+ for a senior seems reasonable to me. As an IC you can grow higher to 4-500 but you probably need to be "outstanding" in some regard or have the right leverage. Check levels, last time I checked it was pretty accurate. Overall my experience at bbg is that its been pretty chill although heavily uses homebrewed, frequently bare-metal solutions since cloud usually isn't an option for various reasons. They have an internal cloud but it'll probably always be behind the industry on features. Having said that, I think most SWE would walk away growing in some regard at the company, as long as they want it. The people are generally competent but (on aggregate ofc) somewhat lazy and disorganized.
Why wouldn't you want bbg stock? What is it, 40 straight years of growth?
Cuz you couldn't sell it and half your retirement would be tied to one company for a long, long time. If that meets your retirement liquidity and risk profile then by all means. But I prefer not to have my income and my retirement gains tied to one entity. Hindsight is always 20/20
What's your YOE
Updated in post
I see, yeah 310-320k should be possible for 10 YOE. I got 270k at 7 YOE, but I didn't negotiate. I could have taken it to 280-85 if I negotiated but I didn't have the time.
that is pretty good, it is very chill there, rest and vest
Don't expect more than 300k in the current market. Likely slightly less.
Avoid Bloomberg, get some other offer
What’s the dark side of Bloomberg?
Why? I haven’t seen much negative posts on Bloomberg