Hey all, Anyone in this board employed in a FAANG post-MBA Strategy role with 2+ years of post-MBA experience. If so, would you be comfortable sharing; 1. the comp packages you received 2. The work/life balance 3. Whether you like the role Companies: Facebook, Amazon, Apple, Netflix,Google Roles: Strategy Level: L5+
Why do you think you can get L5 with 2 years of experience? You don't even know there is no "strategy" role. Either you do PM (requires some tech acumen) or you do sales and your comp will have a quota... GTFO
1) I said 2 years POST-MBA which for most people implies 2-4 years before the degree so you’d be at ~ 4-6 years of work experience and a 2 year masters degree 1b) Every FAANG I’ve spoken with has flagged roles at ~L5 level 2) There 100% are strategy roles at multiple FAANG companies, so you may want to double check your sources 3) You might want to table the naked animosity towards strangers online
That buys a dummy. Don’t listen to him
L5 is no easy. Friend was in BCG, 6yrs (not US, but greater China), Wharton MBA, comp is less than BCG (no exact numbers), way better WLB (was like 100hrs/week and 250+ days in hotels).
Amazon, Sr. Prod mgr, L6 Total comp: ~230k (been here 5+ yrs so depends on the stock price quite a bit) WLB is good, ~50 hr weeks Like what I do and most of the folks I do it with
Amazon L6. If you are applying to AWS, ask them to TC match BCG, they can do it. I was from BCG.
To clarify: Amazon L6 would be able to match a BCG PL1 salary of ~$300-$315k /year?
Unlikely to match this unless there is evidence of value. L6 @ 250 (150 cash + 100 bonus/stock) is very easy to achieve. WLB is a myth, don’t join my team if you want to punch in and out with everyone around you working hard. That said, it’s rare to go above 50 hours a week unless on critical releases, international projects, or dysfunctional teams. Manage yourself, your time, and set clear expectations.
At Amazon, MBAs are hired into L6 roles. I’m in the MBA program, 2.5 years in, and have a base of £73k + cash supplement of £15k + stocks. The cash supplement runs for 3 years. In addition they give you a small bump if you manage a team of 3+ people. With stocks, my total comp last year was £150k, however can’t sell the stocks because of the vesting schedule so doesn’t feel like real money (+ tax on stocks in the UK is 50%). Normally, MBAs don’t see any change in pay in the first 3 years (I had a 0.8% increase on base this year), but you will get stocks annually (numbers depend on the stock price). If you make it to Top Tier, you will se a slightly higher number in pay and/or stocks, probably stocks. When the cash supplement stops, your first batch of stocks will be available to be sold, and is supposed to compensate for the cash supplement going away. Getting a higher pay as an L6 within EU is difficult. And getting to L7 right after the MBA rotation program (3 years) is nearly impossible. If you are doing well, and get good ratings, you can expect to start thinking about L7 a year after you are done with the MBA program, which (if you make it, it’s harder than it sounds) comes with a nice pay bump and even more stocks. Some comments on workload above which I don’t recognize. I’ve been a senior PM + senior program manager in two different counties in EU, and my weeks are never 50 hours. I usually work 9am - 7pm every day, more often than not do more work at home in the evenings, and do at least 6 hours of work over the weekend. In hectic periods (Q4 as I am in retail) I work 9am - 10pm + 10-15 hours on weekends. Rumours have it that AWS pays more (to ensure we are competitive) but difficult to find a relevant role if you are a non-techie.
Thank you for the very detailed and candid information! Given what you've outlined above, it seems like 1) £150-£160 ($195k-$210k) is the expectation for the first 4 years at Amazon (assuming you make it) 1b) Vesting of stock compensation is backloaded, so limited ability to sell 2) Standard weeks are ~60hrs and aggressive ones ~70-80hrs (including weekend work) 3) A BCG PL would join at L6 w/ L7 being possible but VERY unlikely ----------------------------- Assuming the above is correct, do you see much intake from BCG/Mckinsey/Bain alums at the Project Leader/Engagement Manager/Manger level?
Lots of ex-consultants in higher roles at Amazon (McKinsey/BCG) , L7/L8s. If you are working in the US then it’s worth getting salaries from someone there as well. Although promotions and compensation review follow the same process around the world, the pay varies in different marketplaces based on the labour index (for example the pay in Germany is slightly higher than in the UK). I believe people in the US have a slightly higher pay + pay less taxes on their stocks. What is BCG PL?
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Son, you make PL yet?
Of course, that’s why I’m now thinking about leaving haha