Bloomberg Salary Negotiation: How to Negotiate a Bloomberg Job Offer
Bloomberg is a well-known news provider and leading global information and technology company that distributes financial data. Just landing an interview—let alone a job offer—at Bloomberg is an enormous accomplishment.
If you're currently interviewing with Bloomberg or you’ve received a job offer from them, congratulations! Whether you’re seeking a software engineer, product manager, or other business-based or tech-based role at Bloomberg, it’s important to negotiate your Bloomberg job offer before accepting. Despite their leading industry presence, it’s always possible to negotiate a higher job offer at Bloomberg—even though it may seem difficult at first.
In fact, just like with many other companies, we’ve had countless successes helping our clients negotiate better Bloomberg job offers. In this article, we will show you how to negotiate a Bloomberg job offer using our proven job offer negotiation strategy.
Don’t want to go through the Bloomberg salary negotiation process alone? We can help you navigate the Bloomberg job offer negotiation process.
Get offer-specific advice from a Bloomberg Salary Negotiation Coach to guarantee success in your salary negotiation with Bloomberg.
Take our Salary Negotiation Courses or download our Salary Negotiation Templates to receive our strategies, preparing you for all aspects of the Bloomberg job offer negotiation.
Understanding the Compensation Components of a Bloomberg Job Offer
It’s essential to understand the components that factor into your total yearly compensation at Bloomberg before negotiating your job offer. Understanding these components is the first step in any salary negotiation process, whether that be negotiating a job offer with Google or a smaller startup.
By diving into each component of the entire job offer, you’ll be prepared to advocate for compensation increases that will improve your entire compensation package—not just one singular component.
Most people are familiar with the concept of a base salary; however, that’s only one aspect of your entire compensation package at Bloomberg. Bloomberg not only offers a strong base salary, but they also offer a yearly performance bonus and a sign-on bonus (if you negotiate). On top of this you’ll find many other benefits such as a generous PTO policy, a strong 401K match program, and even up to $12,000 in tuition reimbursement.
For example, here’s what a Bloomberg Senior Software Engineer’s total compensation may look like in their initial offer:
Bloomberg Software Engineer Salary
Now, let’s take a closer look at these different compensation components.
Bloomberg Base Salary
The main component in a Bloomberg job offer will be your base salary since they don’t offer equity as many other companies do (Apple, Meta, Microsoft, etc.). However, because they don’t offer the equity component, the base salary at Bloomberg is generally competitive compared to other companies.
The Bloomberg base salary is the fixed guaranteed pay you will receive in exchange for the work you will do, and it should be your main focus for this specific negotiation.
At Bloomberg, there will be a set base pay range for each role type with an identified minimum and maximum amount allowed for new hires. For example, a software engineer would have a separate pay range compared to a data scientist because they are different role types.
This also means that you could receive a different base salary in your initial offer compared to a different candidate’s initial offer. These ranges typically allow companies to attract different skill sets. However, we believe that you should be paid the same as they would pay someone else to do the job which is why there is flexibility to negotiate your Bloomberg base salary up to the top end of the pay band before accepting.
Bloomberg Yearly Performance Bonus
Bloomberg provides an annual target bonus, which is a percentage of your base salary and is based on both company and personal performance. The target percentage will range between roles and levels, but it’s important to clarify what the actual payout will be with the recruiter. That way you can confirm what their team has hit each year historically (i.e., you wouldn’t want to expect the full payout if the team usually only hits 75% of their target each year).
The Bloomberg yearly performance bonus is not negotiable, but it is a percentage of your base salary; so if you successfully negotiate your Bloomberg base salary higher, your performance bonus will also increase.
Bloomberg Sign-On Bonus
Sign-on bonuses are a huge benefit that many people miss out on in negotiations because they are not typically included in the initial offer at Bloomberg. The good news is that these bonuses are a perk you can earn by negotiating your Bloomberg job offer before accepting.
A sign-on bonus is a one-time payment that new employees will receive to either cover any lost bonuses or unvested equity that they may give up at their current company or as an incentive to join the new company. Negotiating sign-on bonuses can be tricky if you’re not walking away from equity or bonuses at your current company, but it is still possible to secure a Bloomberg signing bonus by following our strategies. Remember, they want to incentivize you to join.
Benefits and Perks at Bloomberg
It’s a good idea to review the benefits and perks you’ll receive before negotiating a Bloomberg offer. That’s because these items will differ from your current employee and other competing companies.
Bloomberg treats employees well by providing great health and financial benefits, PTO policies, and fun perks like tuition reimbursement. However, we don’t include them in our total compensation calculation because they’re not typically negotiable and the monetary value would be hard to compare against other offers or when completing your compensation research.
Five Key Steps to Negotiate a Bloomberg Job Offer
Before you negotiate a Bloomberg job offer, it's important to follow our proven salary negotiation framework so you can improve your chances of success without jeopardizing your relationship with the hiring team.
You should never start the Bloomberg salary negotiation process until you have an offer in hand. The recruiter may press you hard on sharing salary expectations during the interview process, but you’ll have more leverage to negotiate by withholding your salary expectations and negotiating once the hiring team has selected you and given you an offer.
Based on our experience helping hundreds of clients successfully negotiate their job offers, our proven five steps below can help you negotiate a Bloomberg job offer. While these are the key steps to a Bloomberg salary negotiation, we strongly recommend you work with a Bloomberg Salary Negotiation Coach to ensure success in your Bloomberg offer negotiation by getting all of our strategies.
1) Understand the Components of a Bloomberg Job Offer
The first step is easy since we’ve already laid out the components of your Bloomberg job offer for you: base salary, performance bonus, sign-on bonus, and any benefits and perks. It’s key to first understand your total compensation before you attempt to negotiate a Bloomberg offer.
2) Complete Due Diligence on a Bloomberg Job Offer by Asking the Right Questions
Asking questions is an essential step in any negotiation. Why? It not only shows that you’re interested in the company, but it also helps you to develop an effective and successful Bloomberg counteroffer. Asking the right questions will provide you with clarification on items that the hiring team may have been vague about (i.e., what is the actual average target bonus payout each year?) and you might even get a few quick wins (i.e., a sign-on bonus).
Don’t skip this step. You may assume you already understand all aspects of the Bloomberg offer package but asking questions will strengthen your Bloomberg counteroffer and justification for why their team should provide a better offer package. Every piece of information counts—make sure you start this phase of the negotiation right after you receive your initial offer from Bloomberg.
You can use our list of Strategic Questions to Build Negotiation Leverage if you need help finding the right questions to ask about your Bloomberg job offer.
3) Research Compensation Ranges to Identify What the Compensation at Bloomberg Should Look Like
Bloomberg provides a lot of offer packages, and while their structure is the same, the compensation amounts can vary. That’s why it’s important to conduct compensation research to understand what the role’s pay range is, the strength of the initial offer, and how much you should ask for in your Bloomberg counteroffer. This includes focusing your research on the specific role, location, and company.
We use a few internal tools to research compensation for our clients, but if you’re researching on your own, there are many public resources you can use, such as PayScale, Glassdoor, or Comparably. Be sure to use multiple sources instead of relying on just one to identify the average pay. These resources provide publicly reported data from current/past employees so it is possible that the pay may differ from what they offer new employees and there may be inaccuracies if the user didn’t upload their Bloomberg salary components correctly.
We always recommend pushing for the mid-to-top-end of the base salary and total compensation range when negotiating a Bloomberg job offer. We believe in pay transparency and that you should be paid the same as anyone else in the same role regardless of your experience or background.
You can download our Total Compensation Research Comparison Tool to help you with your Bloomberg compensation research.
4) Send a Bloomberg Counteroffer to the Recruiter
Once you’ve adequately prepared for the negotiation in the first three steps, it’s time to draft and send a Bloomberg counteroffer. This is where the salary negotiation with Bloomberg really takes off!
In this step, you’ll present your ask to the Bloomberg recruiter by referencing your compensation research and how the benefits differ from other companies and/or your current role. We recommend negotiating your Bloomberg salary via email—that way you can draft exactly what you want to say in a professional and friendly tone, and you don’t risk going off-topic if the recruiter throws you a curve ball. Compiling everything into an email also provides the recruiter with something that they can use to support your case for why you deserve a better job offer.
Just remember that you should always approach this step in a kind and professional manner—salary negotiations should not be aggressive. Negotiations are a time to display your communication skills, which is why we recommend talking to the recruiter like a friend who is making you feel comfortable with the transition to Bloomberg.
Check out our Counteroffer Drafts for examples if you need help formulating a strong and effective Bloomberg counteroffer.
5) Handle Any Objections from the Recruiter and Accept the Role Knowing You Achieved the Best Bloomberg Job Offer
In many cases, it can only take one Bloomberg counteroffer and the recruiter will respond with an updated offer package. However, before that happens, you might receive reasons from the hiring team for why they can’t make any increases on the Bloomberg job offer.
To handle an objection from the hiring team, respond calmly by stating you understand their limitations, but you would appreciate it if they can take your concerns back to their team for one last look at the Bloomberg job offer (even if they say their team will just say no). Use this approach regardless of the hiring teams reasoning and follow all of our Objection Handling Scripts if needed.
You may have to handle a few objections, but once they agree to take your concerns back to the team, they typically come back with a better offer. Continue to remain respectful as you navigate any obstacles or pushback.
Once you receive a negotiated job offer that meets your needs and matches the salary bands you researched, you should be ready to proceed forward with an offer acceptance letter and make the transition to Bloomberg. Congratulations on your successful job offer negotiation with Bloomberg!
Mistakes to Avoid During your Bloomberg Salary Negotiation
Bloomberg has a large recruiting division, and the hiring team you work with is skilled at getting new hires to accept job offers at Bloomberg without negotiating. You have to remember that the hiring teams have these conversations every day, meaning they will have strategies to deter you from a Bloomberg salary negotiation. Remember that they work for Bloomberg, not you. Below, we highlight a few mistakes you can avoid so you improve your chances of a successful Bloomberg job offer negotiation.
Avoid Sharing Salary Expectations Before You Get a Job Offer at Bloomberg
Bloomberg will request your salary expectations at a few different points during the hiring process. But remember: if you share your compensation expectations before you have an offer it will work against you in receiving a better offer.
Here’s why: if you share a lower compensation than what Bloomberg can offer, they are more likely to offer you that low compensation. If you throw out a higher number than what Bloomberg can pay, there’s a chance they could decide to go with a different candidate. It also doesn’t make sense to discuss compensation before you learn more about the actual role, benefits, and compensation structure and whether those aspects are a good fit for you. Don’t forget that you’re also interviewing them so use our Salary Expectations Scripts to avoid sharing your pay details.
Don't Be Afraid to Negotiate Bloomberg Job Offer
Landing a job offer with Bloomberg is a big achievement. This may make you hesitant to negotiate a Bloomberg offer out of fear of offending the hiring team or risking the opportunity. However, we’ve led hundreds of successful salary negotiations for clients, and we’ve never seen a company pull a job offer because someone tried to negotiate a salary.
There’s always a chance that any company loses interest during the recruiting process and go with another candidate before you get an offer. However, if you get an offer, we believe negotiating is a risk worth taking, and we strongly encourage everyone to negotiate Bloomberg job offer before accepting. Don’t let job offer negotiation myths talk you out of advocating for better pay!
Be Realistic by Doing Your Research
While it’s true that Bloomberg offers great benefits and competitive pay, it’s important to be realistic when negotiating. Make sure you understand your total compensation and the specific Bloomberg pay bands for the role before the salary negotiation. This will help level set your expectations and give you guidance on how much to push for in the Bloomberg salary negotiation. Plus, it reduces the chances of jeopardizing the relationship in these discussions.
The Bottom Line
The key takeaway from this article is that you should always negotiate a job offer at Bloomberg. Our Bloomberg job offer negotiation advice should give you confidence and increase your success rate when approaching your negotiation.
If you want to guarantee success in your Bloomberg salary negotiation, get Bloomberg Salary Negotiation Coaching from us. Our experience helping clients successfully negotiate Bloomberg job offers will ensure you negotiate competitive compensation.
We also have our How to Negotiate Your Job Offer and How to Negotiate Your Current Salary courses, and Salary Negotiation Templates for those who want to learn at their own pace and gain the confidence and tools needed to negotiate their compensation. With detailed videos, inspiring text, downloadable email templates, and phone scripts, you will be prepared for all aspects of the Bloomberg salary negotiation.