Tech Lead Role in Finance Megacorp vs IC (SWE2 level) at FAANG?

Undisclosed dilemmma
Oct 3, 2018 9 Comments

This is for analytics / ML position. PhD+4 years. Can't reveal company specifics for privacy.

I may soon have an offer at a finance-related Megacorp in NYC (but not hedge fund). Base is $200k+, with bonus, TC is $250-260k. Very early numbers nothing confirmed.

It also looks quite high rank. Title is 'Director of Analytics Stuff'. Google search suggests it's one level below VP??? (I think it's real VP, not banks where everyone is VP). But recruiter tells me it's still IC, even though I will have about 3 direct reports. So it looks like a cross between IC and a technical manager/team lead.

My other options is FAANG IC positions at the SWE2 level, which is where I am interviewing at. Maybe can hit Senior level if lucky.

Assuming TC at FAANG matches, which path is better to grow TC?

I'm thinking FAANG is FAANG and I can hit 350k+ TC within a few more years. Not sure about the finance job TC growth though, but the title looks high ranking and I have my own team albeit a small one.

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TOP 9 Comments
  • Amazon Dr. Savage
    Are you sure your bonus is guaranteed and we’re not looking at an underpaying Director role? Terrible to be doing director work but getting paid 200K.
    Oct 3, 2018 1
    • Undisclosed dilemmma
      OP
      I'm still getting details on their comp structure. And I do think there is title inflation. It's an IC director of 3 people.. not a real director of a 50+ department. They told me 30% of my work will be doing managery stuff and 70% technical.
      Oct 3, 2018
  • Bloomberg iVX372
    This conversation is somewhat pointless unless you have a FAANG offer.

    TC at FAANG will be higher at your experience level. If the finance company is Bloomberg, I can attest that it's a great place to work. There is very interesting work if you're on the right team (which you can determine before joining), 40 hour weeks are the norm and PIP's are virtually nonexistent (unlike the FAANG companies). Personally, I'd never join Amazon over Bloomberg (and Amazon TC tends to be lower). At F and N, you'll likely work 30% more hours for 30% more pay. Apple WLB is also terrible and who wants to live in Cupertino? With my priorities, I consider G to be the only FAANG company that would be a better place to work than Bloomberg.
    Oct 3, 2018 4
    • Amazon jNeo42
      Then why does Bloomberg have so many horrible reviews on Glassdoor? You have to badge in/out and your bio page shows that to everyone? Cramped seating, and many mentions of micro management. Seems strange that it’s a philanthropic company, but workers are spared such treatment. Similar to how Amazon is customer obsessed and customer first, but employees last. Reminds me of a horrible song from one of the few times I went to church as a child: “Jesus first, myself last, and others in between”. Thank Jesus my parents aren’t religious.
      Oct 3, 2018
    • Undisclosed dilemmma
      OP
      Bloomberg are you saying working there can scale TC as well as FAANG?

      If coming at SWE2 at FAANG that's easily $200k TC, then go to another FAANG and hit $350k TC 5 years from now, at least that's how I envision my trajectory.
      Oct 3, 2018
    • Bloomberg iVX372
      Bloomberg has become a better place to work in the last few years by significantly increasing engineering headcount. Apparently it used to have bad WLB and high turnover. There may still be some engineering teams with bad WLB, but I haven't heard of any and know people in many teams and various depts. Not sure what it's like for non-engineers
      Oct 3, 2018
    • Bloomberg iVX372
      Bloomberg TC at lower experience levels is generally higher than Amazon and MS, but lower than F/N/G. Not sure about high experience levels as I think IC TC tops out around $300k
      Oct 3, 2018
  • Google 🏝️k
    Which one do you think you will learn and grow more?
    Oct 3, 2018 1
    • Undisclosed dilemmma
      OP
      I'm coming from tier 3 so either job will be new. But prob in the finance company I will get more challenges because of the team lead component.
      Oct 3, 2018