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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- Northrop Grumman / Eng HowCouldYuCurious how many are voting iBanker but only ever worked in FAANG
- Twitch / Mktg Poor_AFI 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 2
- New / Mgmt FourHrWkWkmoreIn 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 2
- Twitch / Eng UrgentpizamoreI 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 fundraiseMay 5 2
- The closest you can get to 'burning' in Google is using the sauna / steam room 😎
- 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.
- 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 1
- Facebook shitpostsThis 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 :)
- 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.
- 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
- Amazon VpYJ78FANG 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.
- Fidelity Investments / Other alohomora1Consulting 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.
- Postmates dancingkngIB 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
- 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
- Facebook EuclideanWorked in both industries - trading in a bank and a hedge fund.
It's not close. FB is a cakewalk in comparison.
- 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 0
- Banking, law, and medicine all have far greater hours and stress than FAANG. We found the cheat code.
- 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 0
- Amazon / Eng eyshmoreWork - hard long and smart. You can’t choose 2 out of 3 at Amazon. Good thing comes in threes. 😛
- For those of you who haven't heard of IB, does investment banking not exist as a career in India?
- Uber lost a $BMost of my stress in tech comes from reading the crazily high TC in Blind.