Lowballed by Bloomberg [london]

Feb 22 9 Comments

YOE - 5

After doing all rounds going very well in my opinion, Bloomberg gave me an offer of 115k. Which is believe is what they pay graduates.

After saying my current compensation is much higher (and providing proof) they increased my offer to 125k.

Not sure why I was lowballed. My negotiation was basically Iโ€™m already getting paid more, I wonโ€™t be willing to take a paycut. Anything else I should be doing?

While I was never that keen on joining, left feeling quite bitter. I was constantly told, โ€œwe really want more women in techโ€. But clearly they arenโ€™t willing to pay fairly to get more women in tech.

Current TC - 160k GBP

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TOP 9 Comments
  • ARM
    armorleg

    Go to company page ARM

    armorleg
    It not looks like a graduate TC, but sure is a lower end TC for senior software engineer.

    If you check levels.fyi, you probably find how they pay.

    I suggest donโ€™t even try to interview companies that unlikely to pay more than you current TC. Maybe try Google, Meta, or hedge funds etc.
    Feb 22 0
  • Paytm
    percival18

    Go to company page Paytm

    percival18
    Seems pretty standard London offer for a 5 yoe. They give new grads 80-85k as far as I remember reading. Most offers I've seen between 3-6 years of experience were 110-130k base with bonuses between 20-30k.
    Feb 22 2
  • Meta
    zywvut

    Go to company page Meta

    zywvut
    Some companies have rigid bands. If you passed an E4 interview at meta they'd offer E4 pay, even if you previously had E5 pay. If they level you higher, it can sometimes mean massive pay increases irrespective of previous comp. Some companies also don't communicate where you landed after your interview, and showing them higher comp elsewhere usually won't lead them to bumping you up a level.

    Looking at levels.fyi, it seems people with more yoe have recently accepted offers at bloomberg in that range.

    You're coming from Goldman and willing to interview at Bloomberg. They aren't known for being top-tier in pay. If you were willing to interview there, they may think you have a compelling reason to leave Goldman. There are lots of potential perspectives from their end that aren't going to lead them to competing to hire you.

    Multiple times in my career I've been rejected for jobs while being told I was overqualified. Some companies just didn't believe I would stay, even if I had accepted an offer from them. Some suspected they couldn't afford me without me even telling them anything about comp expectations.

    As a woman, they may be more inclined to interview you for a role they know you won't actually accept. They want to appear to be recruiting a diverse pool of candidates, even if they don't actually land you in a job.

    If they can't afford you they can't afford you. Your current comp doesn't dictate their current budget. Go interview somewhere that can afford you.
    Feb 22 0
  • That is a low ball offer. I was able to negotiate by including Meta and Google in discussions.
    Feb 22 0
  • What do you do at Goldman? Slang? Maybe they think you donโ€™t bring enough to the table (experience).
    Feb 22 0