Why are people so obsessed with FAANGS and CS?

IBM / Mgmt
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IBM Mgmt

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Sep 3, 2018 36 Comments

FB and Amazon were small players 10 years ago. Apple and microsoft became less desirable and huge with a much lower bar of entry and lower TC’s. Why are people still so passionate about FAANG’s in 2018? Google is still desirable but the work you do at google is meaningless for about 90% of the folks (useless products, websites crap, support, internal tools, mobile apps).

Are we all attracted by the money? If so, why do most of us go for CS instead of other domains that could pay much more? Surgeons, Anesthesiologist, lawyers, edge funds, etc.

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TOP 36 Comments
  • LinkedIn / Mgmt Zombie 🧟‍
    More money along with good WLB and less risk.
    More opportunities and flexibility to work from anywhere.

    I can keep going. The list is pretty big.
    Sep 3, 2018 16
    • Amazon randname19
      Hedge fund guys work pretty ridiculous hours. Probably not as bad as ib, but still pretty shit
      Sep 3, 2018
    • Google / Eng hooli.xyz
      And it is pretty uncommon to start out in a hedge fund right out of college. Most start their careers in IB.

      Also, getting an analyst role is ultra competitive. The average hedge fund only hires about five analysts per year, unlike tech companies who hire pretty much all the time.

      Then once you’ve finally cracked into a hedge fund, you start with base salary of $100k/yr. If the fund does really well, you may get an additional $100-150k. But that’s not guarateed.

      You’ll need to work your way up to a portfolio manager or some other managerial role before you’ll see your TC really take off ($500k+/yr).
      Sep 3, 2018
    • TI / Product IOlOl0
      IBM have you seems level.fyi?? FAANG makes 160-180k as a new college grad, next promotion gets you to around 250k TC/year then 375-500k in 5-6 years. Clearly it’s also much less stress compared to doing hedge fund or being a surgeon. Many SWE’s work around 40-50 hours a week vs IB being 70-80+... surgeons as everyone else has mentioned has school until they’re basically 30
      Sep 3, 2018
    • Apple a1z2x3c4
      One thing I would add here is salary in tech (FANG, Apple, Uber, Lyft, Snap, etc) has gone up significantly in this decade with one factor being RSU’s. 10-15 years back, a software engineer earning 500K was unheard of but nowadays L6/E6 at F/N/G (Uber, Lyft, etc) will aim for that. So it’s true, there was a big salary difference between software engineers and surgeons 10-15 years back but the difference is lot less now.

      Now, coming to the stress for surgeons, I will also add the legal implications one needs to be aware of (especially if you are on your own). I will say that stress is a few order or magnitude more than that of a software engineer.
      Sep 3, 2018
    • Spotify Isn
      Also you’ll only make a lot at a hedge fund if it does well. A significant number of hedge funds fold every year.
      Sep 3, 2018
  • Google MAOz16
    Surgeons and doctors do not make more than senior devs.
    Sep 3, 2018 2
    • New Dtj72n
      Oh they do
      Sep 3, 2018
    • Amazon
      BeffJezos!

      Amazon

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      Google
      BeffJezos!more
      ^ Nope they do at least at FANNG
      Sep 3, 2018
  • Microsoft Nbcndjks
    Who told u Apple has lower TC’s? I found it much harder to get into Apple than FB. Also the offer I got from Apple was much higher. I’m a new master’s grad BTW, not currently working at MSFT
    Sep 3, 2018 4
    • IBM / Mgmt
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      IBM Mgmt

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      When I was at Apple I was over performing and my TC was below market. They used to give awesome refreshers though, I won’t lie... but their argument was “it’s apple”. It worked back then, not today...
      Sep 3, 2018
    • Apple a1z2x3c4
      Apple’s initial RSU at the time of joining are usually lower that F/G but the RSU refreshes are of similar order as F/G. So initially your salary will be low but if you stay long enough (4 years), it will be is similar order as F/G (assuming everything else is constant).
      Sep 3, 2018
    • IBM / Mgmt
      > FB

      IBM Mgmt

      PRE
      Google, Apple
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      Hi!
      > FBmore
      OP
      I agree on the refreshers. Base salary is about 15-20% less than f/g, same for initial stock grant. When I was their stock doubled in a year then went +50% after that over a 2 year period. So yeah, minimum 3-4 years at apple and you start banking every year, assuming you’re grinding non-stop
      Sep 3, 2018
    • Apple a1z2x3c4
      In my experience the base salary (say within 5%) is similar; however the initial RSU is way lower (almost half of what offered by F/G)
      Sep 3, 2018
  • Amazon odVN70
    Has the thought that there are people who actually enjoy working in tech and that most of the people on here are primarily tech people who don't represent the general population pooped up in you mind?
    Sep 3, 2018 1
    • Amazon / Eng jNeo42
      My mind does need to take a big dump.
      Sep 3, 2018
  • Airbnb Pygdv
    Because a career in tech is way more approachable than being a doctor/lawyer/hedge fund manager. There simply isn’t barriers to entry that there is in medicine/law.

    Anyone can start programming in a matter of weeks, but practicing medicine/law requires multiple years of dedicated commitment.
    Sep 3, 2018 0
  • New / Eng aYLx06
    Takes a while for doctors to come online, right? Don’t some FAANG make this at 30-40 years old with no debt and just a Bachelor’s?
    Sep 3, 2018 1
    • LinkedIn / Eng az1
      Yes. Easily.
      Sep 3, 2018
  • Amazon / Eng jNeo42
    The obsession is largely based on the luck you might have with RSUs at one of these companies. On day 1 you might be looking at a total comp of $200K per year. But the way things have been going, your years 3 and 4 may suddenly turn into 400K per year. Everyone expects that to continue, but it won’t unless you are one of the few unicorn robots that the company wants to retain and promote. This means that tech workers today are now thinking like finance and “Wall Street” workers — that they’re gonna rock it and be in the top of the pack, the gravy train will keep rolling, they’ll get that corner office with $1mm+++ per year, and they can cash out whenever they get bored with it. What they don’t realize is that as you get older, you slowly sell your soul in exchange for this. And also that the funnel to the top is fucking brutal — you have to shed parts of your soul and humanity in order to make it. Colleagues you thought were friends are not, it’s business — not their business, but they’re still looking out for themselves first. You then belong to the company, and that is simply who you are. If you’re lucky you have family you haven’t alienated and who know otherwise, but the rest of the world will never see it. A strong bond with your family and children will make up for most of it, should you be so lucky.
    Sep 3, 2018 1
    • OpenDoor mynna
      Well said
      Sep 3, 2018
  • Lazard fin/tech
    because blind is an echo chamber of the top 10% of tech people who all live in the bubble of big tech, finance, consulting, capital rich internal R&D/tech departments and VC-istan startups.

    most software engineers are just plug and play coders that make very average amounts of money in very average settings.
    Sep 3, 2018 0
  • Microsoft / Eng plkfcbu
    Risk vs reward. There's very low risk to negatively affect someone's life in a SWE job versus everything else you mentioned. Your face is on everything you do and people can hold you personally liable, although your actions can also lead to positive recognition for your contributions.

    Also, you can remain introverted and avoid interfacing with large groups of people, if you want. Although, even as swe, the more personable you are the better your career.
    Sep 3, 2018 0
  • Oath / Eng [object
    Sep 3, 2018 1
    • Oath / Eng [object
      Coincidentally, the second tech boom seemed to follow that 🤔

      Could it be that paying your employees better makes them work harder?
      Sep 3, 2018