💣Burn out rate FAANG eng vs ibanker

Walmart.com NvSe25
Apr 23 188 Comments

Who has a higher burn out rate engineers at FAANG or an Ibanker? If there are other professions that make a lot of money but seem More stressful than the options let us know below!

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TOP 188 Comments
  • Northrop Grumman / Eng HowCouldYu
    Curious how many are voting iBanker but only ever worked in FAANG
    Apr 23 41
    • Twitch / Mktg Poor_AF
      I think here is what I'm scared about.

      5 years ago, we had a few pockets of truly revolutarionary products and small competitors within those bubbles would compete against each other to build a 0 to 1 product. Victors who were hyper focused on customers generally turned out to become great companies. For example, YouTube won the battle in vod, twitch did in live streaming, Facebook did with social media, Netflix in svod, etc etc

      Nowadays, the Victors of these pockets are pressured to grow, but don't have any new ideas to continue innovating on. So instead, they're now trying to fight against each other, often copying each other's tech down to the t. Facebook copied snap in insta stories, YouTube launched live streaming and as did Facebook, YouTube and twitch are launching social features to take on fb, YouTube is launching TV and a subscription model to take on Netflix, etc etc

      Long story short, it feels like the major tech companies today are more focused on competing against each other than producing new innovative products to serve their customer base, and that scares me. I feel like We've basically moved from what was once a monopolistic model increasingly towards perfect competition, and that's never good :(
      Apr 27
    • Facebook QhBl71
      I survived 1yr on Wall Street,FB is easier
      Apr 28
    • New / Mgmt
      FourHrWkWk

      New Mgmt

      BIO
      Interests in investing, energy, crypto, cannabis, tech
      FourHrWkWkmore
      In my experience stress from highest 1)startup founder (with ibankers/public shareholders on your ass) , 2) ibanking, 3) startup with angels on your ass 4) working while medical residency/getting bar exam/ PE exam ; 4) management consulting (sr level and partner) 5) SWE under deadlines and pressure from boss in (1) or (3) 6) management consulting (low-mid level) 7) other tech

      Pressure is proportional to financial risk. People get cranky when their paycheck is at risk.
      May 5
    • Google / Creative
      Wololololo

      Google Creative

      BIO
      Summer of Woodstock.
      Wololololomore
      List above seems pretty accurate. I would add (non-algo) trading near the top. Millions of dollars at risk in split-second decisions by a mouseclick. Talk about being a soldier on the front lines...
      May 5
    • Twitch / Eng
      Urgentpiza

      Twitch Eng

      BIO
      I'm black as the night
      Urgentpizamore
      I think trading is a different type of stress. It's high intensity during work hours but you don't take your work home with you. Whereas, your phone number stops ringining if you're in a service job like I banking. And if you're a startup founder, your heart rate never goes down even when you're sleeping as you're probably having nightmares about your product failing or your next fundraise
      May 5
  • Google googler78
    The closest you can get to 'burning' in Google is using the sauna / steam room 😎
    Apr 23 10
    • Facebook TakenToss
      Hahaha no
      Apr 24
    • Amazon / Admin ❤Ilotr
      I'll probably never use it though. Still haven't used my Noogler massage points.
      Apr 24
    • Apple fantasia
      What about GCP? I heard it’s burning up
      Apr 24
    • Google SteefChops
      In what PA / org can you avoid the burn?
      Apr 24
    • Google googler78
      If you want WLB go to the only PA no one wants to mess with, lest it stops making the moolah
      Apr 24
  • Amazon ChivalryAF
    FAANG salaries will not stay this high. Meanwhile, banking is all cash comp and will always stay crazy high. If I had the credentials (top school) I would have gone iBanking. TC isn’t even comparable after a few years.
    Apr 24 28
    • Quora eNHU01
      As I've mentioned before, MD base is nowhere near 1mm. Partner base is like 1mm, actually 900k at GS as of a couple of years ago.

      MD total comp averages a lot closer to 1mm than 10mm, with base around 400k.

      I know that there are probably some big dealmaker MDs that could make tens of millions but there are also some big acquihire directors at FANG that could make a hundred million.

      Normal median pay for eng and product at FNG beats IB, across all levels, from new grad to c suite.
      Apr 25
    • Amazon ChivalryAF
      @eNHU01 which FANG directors make $1-5m Target comp? This seems way too high and just like a made up number. No offense.
      Apr 25
    • Google WVXD02
      @indeed Yes, there are many MDs. My point is that there are very few that make the kind of money you're talking about.
      Apr 25
    • Northrop Grumman / Eng HowCouldYu
      Okay @FromMars, so what is the solution? FAANG or iB
      Apr 25
    • Apple bikerbob
      I know gang directors with TC at $1M and a senior director making $2M and there are lots like them. They are smart and work hard but they didn't have to grind like ibank folks to get to that level.
      Apr 26
  • Facebook shitposts
    This is a joke right?

    Actual answer depends on personality. If you love the banking hustle, you will thrive in the ibank gutters. If you are not genuinely into engineering, you will hate your life at any tech firm FANG or not. I know people who changed in both directions. Pick a profession you are passionate about and there is no such thing as burn out, but YMMV :)
    Apr 24 7
    • Google elema
      Their work is nowhere near as brain intensive
      Apr 24
    • Uber @#%^&
      @YaJabroni: Imagine everything you just mentioned happens every fucking Friday at 5 pm. Also the deadline is next Monday's morning. On the plus side, it happens so often you don't have time to worry about whether you are growing or not.
      Apr 24
    • United Airlines / IT
      jky

      United Airlines IT

      PRE
      Weatherford International
      jkymore
      @YaJabroni it just sounded like you were describing my life there for a bit. It used to feel more creative and innovative, but lately it’s just about what can we show.
      Apr 24
    • Amazon !JeffBezos
      Apr 24
    • Google QmTN21
      My team at amzn worked 10-6. Why not transfer? I was in a remote office though
      Apr 28
  • New / Ops
    tooQ10

    New Ops

    PRE
    Rakuten USA
    tooQ10more
    Investment bank employee here. Back office, so no crazy-high TC like the FO gets.

    The hours are just a killer. You wake up on Monday knowing that even if you're tired, that's the most rest and energy you're going to have until Saturday morning. It destroys you psychologically. Does tech have these kinds of hours?

    I envy the six figure earners in the FO but I don't envy how hard they had to work. And plenty of people burned out before they could make that real money.
    Apr 24 5
    • New / Eng
      bumerang

      New Eng

      PRE
      Google
      bumerangmore
      TC || GTFO
      Apr 24
    • Walmart.com QTFP86
      Never thought someone will use logical operators in cursing 🤔🤪
      Apr 24
    • Morgan Stanley
      summer_gen

      Morgan Stanley

      PRE
      Microsoft
      summer_genmore
      Worked for several banks. In my experience while lots of good/bad things depend on the bank/division/team there one common factor which makes techies life miserable - bureaucracy. It's everywhere: wanna restart web server in qa, update hosts file on your local system, view config file in test env - file a ticket, get it approved and wait for ops to run the command in hour or two, often they'll screw it up, make a typo or command you provided was missing a param - rinse and repeat. Don't want to wait? Call ops directly, hopefully they won't be occupied with talking to other guy in situation like your. 1/3 of your time is sunk into red tape bs, another 1/3 into meetings, the rest is split between coding, design, bug fixes and trying to figure out why the heck am I still here
      Apr 24
    • New / Ops
      tooQ10

      New Ops

      PRE
      Rakuten USA
      tooQ10more
      45k or so. Back office is a different world from the FO.
      Apr 24
    • Bank of America / IT
      biggie8

      Bank of America IT

      BIO
      I have 20+ experience in tech and banking
      biggie8more
      I worked in FO tech a while and bonus aren't what they were in boom times. Back office is same and less crazy traders to deal with
      Apr 24
  • Amazon VpYJ78
    FANG is pretty chill for 80% of devs there at any given time.

    20% seems like a lot of people in bad conditions, but at some companies every single dev there is in a fucked up situation: bad management, failing startup, non-tech company with ancient codebase, etc.

    Banking is horrible for almost everyone who works there so that the top 1% of execs at the bank can have awesome lives.
    Apr 24 0
  • Facebook / Eng touker
    Delete G from FAANG, no one burns out at Google
    Apr 24 0
  • Fidelity Investments / Other alohomora1
    Consulting and public accounting (esp. Big 4) can be brutal and burnout is fairly high. 60+ hr work weeks + 90% travel was very common (at least for me). But the comment about personality type by 'shitposts' is bang on.
    Apr 24 1
    • Wells Fargo qUyB01
      From what my friends say most bankers would love to have 60 hr work weeks. They apparently work nonstop weekends also
      Apr 24
  • Postmates dancingkng
    IB hands down. I worked in IB FO and had 100-110 hr weeks every week. There is no Monday Tuesday Saturday Sunday, they’re all the same days. Comp was awesome but you had no opportunity to spend it. About 1 year into it I woke up not knowing whether it was Sunday or Thursday and that scared the bejeezus out of me. I didn’t feel burnt out because I’ve always enjoyed a chaotic work environment. Now I’m at a pre-IPO company and there are long days but it’s not at the frantic pace of my IB days
    Apr 25 0
  • Uber K6dP4e
    Consulting, big law and IB are all wayyyyyy more stressful and demanding than FAANG eng. Not remotely close.
    Apr 24 0
  • Morgan Stanley
    summer_gen

    Morgan Stanley

    PRE
    Microsoft
    summer_genmore
    What is ibanker?
    Apr 24 3
    • US Bank / Finance
      LkYl04

      US Bank Finance

      PRE
      Goldman Sachs, JPMorgan Chase
      BIO
      There are three ways to make a living in this business. Be first, be smarter, or cheat.
      LkYl04more
      Investment banking
      Apr 24
    • Google
      tsukino

      Google

      BIO
      w
      tsukinomore
      Internet banker, ofc
      Apr 24
    • Intel / Eng x87 #DNA
      One of Apple products? 😁
      Apr 24
  • Bank of America / IT
    biggie8

    Bank of America IT

    BIO
    I have 20+ experience in tech and banking
    biggie8more
    FaNG guys are bunch of high paid cry babies.. Suck it up and work in the pit at a bank w crazy managers pushing like madmen... No time for lunch or coffee or free gourmet lunches
    Apr 24 1
    • AT&T / Eng
      DDM2K

      AT&T Eng

      PRE
      Optum, Windstream, AT&T, Verizon
      DDM2Kmore
      You can have that
      Apr 24
  • Facebook Euclidean
    Worked in both industries - trading in a bank and a hedge fund.
    It's not close. FB is a cakewalk in comparison.
    Apr 24 2
    • Amazon bgoc01
      Thumbs up for you
      Apr 24
    • Apple bikerbob
      Can confirm, worked at a fund and now af a faang. What people whine about at tech would get you punched in the face at a proper bank. I've heard people complain about cursing in tech office. Such delicate flowers.

      The hours aren't event close. In banking I had to get up at 330am every morning (west coast). In tech if I roll in much before 9 I'm the one turning on the lights. I drink a lot less now too.
      Apr 26
  • Facebook blueriver
    Banking, law, and medicine all have far greater hours and stress than FAANG. We found the cheat code.
    Apr 24 2
    • Facebook i❤️💊
      My lawyer bills 325/hr. Doubt it.
      Apr 29
    • Facebook blueriver
      He bills it but he doesn’t get it. Biglaw actually pays similar for the same amount as tenure as Facebook (the formula is 160k to start up to like 300ish for 8 years), and you work far more hours. It’s also up or out — if you don’t make partner as most don’t you have to go in house counsel and get paid less, but you can coast at 5 forever.
      Apr 29
  • Amazon / Eng
    eysh

    Amazon Eng

    PRE
    Google
    eyshmore
    Work - hard long and smart. You can’t choose 2 out of 3 at Amazon. Good thing comes in threes. 😛
    Apr 24 2
    • Oracle Dplaner
      Like 3 nuts aka the eyesore next to Doppler known as Spheres 😜
      Apr 25
    • I worked 40 not-too-hard hours doing fairly mindless crap at Amazon and did fine until I lost the will to live and moved on.
      Apr 25
  • Sephora / PR UndrPayd
    Parent to multiple children
    Apr 24 1
    • New / Ops
      tooQ10

      New Ops

      PRE
      Rakuten USA
      tooQ10more
      But that job offers a non-monetary TC that is priceless.
      Apr 24
  • Amazon / Product
    Xtfy53

    Amazon Product

    PRE
    AMD, EY
    Xtfy53more
    Yes. Burnout in Consulting is as high as IB
    Apr 24 0
  • Quora eNHU01
    For those of you who haven't heard of IB, does investment banking not exist as a career in India?
    Apr 24 3
    • Palo Alto Networks LWtE67
      Racist or ignorant. If ignorant, obviously in a 15% growth economy it does.
      Apr 24
    • Oracle / IT
      l00tb0x

      Oracle IT

      PRE
      Ericsson, National Instruments
      l00tb0xmore
      May be racist but surely can be right. Also, I think eng/swdev is for a lower caste than banking.
      Apr 25
    • New / Eng anagram
      It exists. Goldman Sachs has offices in India, so do the others like JPMC.
      Apr 25
  • Uber lost a $B
    Most of my stress in tech comes from reading the crazily high TC in Blind.
    Apr 27 1
    • New / Ops
      tooQ10

      New Ops

      PRE
      Rakuten USA
      tooQ10more
      Same, but OTOH it can be inspiring. I had no idea that people make these kinds of salaries until I started coming here. In the non-internet real world I don't think I know ten people making six-figure TC, but here it's normal.
      May 1
  • Amazon 🍌banana
    Burnout??where???
    I'm loving my life here.
    Apr 24 8
    • Amazon dqJw06
      No burnout. My team is a rest-and-vest country club. No one on my team works more than 7 hours.

      Find the right team, and life is pretty nice at Amazon.
      Apr 25
    • New hqWe60
      so you dont even go to work?
      Apr 25
    • Amazon dqJw06
      We have a generous work from home policy. Just get your work done, and the manager doesn’t care.
      Apr 25
    • A Place for Mom nakbNsj
      What team?
      Apr 26
    • Amazon dqJw06
      Any Day 2 team.
      Apr 27