This is Why You Should Never Work at FAANG

Step-by-Step Tutorial: Why You Should Never Work at FAANG

Step 1: Understanding the Origin of the Term "FAANG"

• The term "FAANG" was first coined in 2013 by finance guru Jim Cramer.
• FAANG stands for Facebook, Amazon, Apple, Netflix, and Google.
• These companies represented exponential market gains by doubling their value in the previous five years.

Step 2: Exploring the Benefits of Working at FAANG

• FAANG companies are known for offering huge financial packages to their employees.
• The compensation packages typically include base salary, sign-on bonus, annual bonus, and additional benefits like great work-life balance and education reimbursement.
• FAANG companies are known for outbidding competitors when it comes to benefits and compensation.

Step 3: Comparing Compensation Packages

• Use platforms like levels.fyi to compare compensation packages of different tech companies.
• Consider factors like base salary, stock options, sign-on bonuses, and benefits like healthcare, maternity/paternity leave, and education reimbursement.

Step 4: Working with Cutting-Edge Technology

• FAANG companies are known for using groundbreaking technology in their projects.
• They operate at a massive scale, requiring efficient solutions for handling heavy loads and large amounts of data.
• Working at FAANG allows you to work on innovative projects and use the latest technology.

Step 5: Considering Company Culture and Team Dynamics

• Evaluate the company culture, team dynamics, and opportunities for growth and learning.
• Consider if you align with the company's values and if there are opportunities to take on more responsibilities and grow within the organization.
• Building good relationships with your teammates and being a valuable contributor to the team can boost motivation and satisfaction at work.

Step 6: Exploring Alternative Options

• Consider other tech companies that offer competitive salaries and benefits, such as Accenture, US Bank, Target, or American Express.
• Explore opportunities at fintech and unicorn companies that may have a higher rate of return if they go public.
• Evaluate the long-term potential and growth opportunities at different companies beyond just the FAANG companies.

Step 7: Making a Holistic Decision

• When choosing a company to work for, consider factors beyond just the prestige of FAANG companies.
• Look at the overall compensation package, work-life balance, opportunities for growth, and alignment with company values.
• Remember that success and fulfillment at work go beyond just the brand name of the company.

By following these steps and considerations, you can make an informed decision about whether working at a FAANG company is the right choice for you based on your career goals, values, and priorities.