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Originally Posted by goofyballer
What ultimately put me down the path of pursuing this sort of thing was realizing just how much money programmers make at these companies. Maybe working at a FAANG doesn't sound like the most fun thing in the world, but would $300k+ a year change your mind? It certainly made me start thinking. Even at the larger non-FAANGs, seems like it's not that hard to get $250k+.
I think people overestimate the gap of the FAANG vs a lot of non-FAANG companies. I don't work at a FAANG but my total compensation at this point is probably around their average, if not a bit higher - with the big caveat that its not all liquid yet. Salary is the same though. And equity is on a good path to being liquid soon.
There's a whole lot of well funded, high growth startups that are paying high salaries and with equity/options that are still worth a lot. Obviously no guarantees, but the people talking about their massive equity compensation at FAANG companies are usually basing that on the stock market maintaining/continuing its crazy growth path - which also isn't guaranteed. Just because somebody made 2 million dollars in equity over the last 4 years, doesn't mean they're going to make it in the next 4 years.
My point here isn't that FAANG isn't the place to maximize your compensation. It's just that there are a lot of companies where you can trade off a relatively small amount of money to get a totally different work culture/experience. It's not like you have to choose FAANG or making half the compensation.
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Originally Posted by maxtower
Do these FAANGs pay a lot differently in other parts of the country? Seems like the play would be to get one of those jobs in a cheaper city than SF.
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Originally Posted by PJo336
That's kind of my point though and it's something I have been thinking about a lot lately. I feel like the opportunity cost of working somewhere in a smaller market is crazy right now while dev demand is so high. Like I'm missing out on something big. But I have a life here. Idk.
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Originally Posted by PJo336
Does anyone know how much being remote affects your salary? Like if you work a job located in SF or Sea, but I live in middle of nowhere midwest, do they consider my COL in my salary?
By default companies are going to pay remote workers less than local workers. But its not always the case. I've been remote for quite awhile now and I've always maintained compensation at the local (and much higher) level. My argument has always been that I have a network of people in the local area and I have opportunities at the local area and so as far as I'm concerned I'm competing in that market and they can compensate me accordingly.
One of the really good things about working for FAANG companies is that after a couple of years of that, especially if you get promotions, you have a seal of approval on your resume that opens a lot of doors. It gives you the ability to start competing for some remote positions while still demanding high compensation unrelated to your local COL. This level of credibility is possible without going the FAANG route, but I think its a lot harder.