I researched into current job market, seems that tier one company( FAANG) is only willing to pay mediocre salary, for example for l4 level max pay at fb is 270k. While tier 2 companies like Lyft, snap etc can target 300k+ tc for l4. Looks like there is a margin cost for them to hire these eng from FAANG to work for them. This is where employees like you and me should take advantage of. So here’s the thing: if you are new grad who just got promo to l4 at tier one company with 200k tc, you can join these tier 2 companies for easy 300k+ tc #tech
The higher stock comes with higher risk
It’s more fun to work at a risky company when you’re young. What a joke that 200k @ “Tier 1” is better than 300k+ @ “Tier 2.” FWIW, I’m at 2.5 YOE, turned down offers from 3/5 FAANG and have 350k+ TC at “Tier 2.”
Also, Snap and Lyft are miles better than Amazon, if not others in FAANG. There are many shit teams at all these companies.
Here goes another Tier author 🤦♂️
Wym? Sarcasm?
Levels also aren’t even across companies L5 or E5 often join snap as L4
A lot of l4 join snap as l4 as well tho
Go for the highest TC unless you are an Indian. Indians need "prestige" for the arranged marriages.
I don’t think this holds past T4 though. T5 at other tier 1 are just as competitive. It definitely doesn’t hold at T6+
That’s because fb is stable, has no debt, Revenue of 86 billion and a 40% profit margin - Lyft is still super risky and snap has only been good recently