Are you hopeful of getting a job with Facebook, Amazon, Apple, Netflix, or Google (FAANG)? Do you think you might be better off working with a startup instead? If you are wondering how it might be different working for FAANG, know that the answer lies in the little details. These include the required experience, the type of work you get to do, the compensation on offer, and then some.
The Pros of Working With FAANG
Getting a job with market leaders such as Facebook, Amazon, Apple, Netflix, or Google comes with a number of advantages.
- Compensation. The top reason engineers drift toward FAANG is the compensation they stand to receive. While Facebook is known to offer signing bonuses of up to $100,000, the average annual compensation at Netflix hovers around the $400,000 mark.
- Reputation. Networking and getting job interviews can become considerably simpler when you have FAANG listed on your resume.
- Highly valued. Many FAANG engineers have a lot of control on their projects, and are tasked with major responsibilities. These companies are known to value their engineers more than ones that do not revolve completely around technology. When working at FAANG, engineers have the latest technologies at their disposal. They also get to solve technical problems at scale.
- Stability. Larger companies typically follow well-defined structures, be it for operations or growth. Employees tend to be well aware of their responsibilities. They don’t have to worry about volatility as they would in startups, which is ideal for people who are seeking professional stability. With a startup, a single bug can lead to failure or bankruptcy, whereas retooling is always an option at FAANG.
- Perks. Perks for FAANG employees can come in the form of parental leave, paid time off, transportation coverage, wellness benefits, and stipends for higher education.
The Possible Downsides
Not all in hunky-dory in the FAANG world, or their employees would never leave. Incidentally, a recent study carried out by Blind and AngelList shows that around 60% startup employees are happy with their jobs, which is 30% more than their FAANG and Microsoft counterparts.
Other than suffering from burnouts, which are very real, here are other possible drawbacks of working at any of these companies.
- Lesser creative engagement. Positions at FAANG are typically highly specialized, which gives average employees a prescriptive and limited scope of creative engagement. This is because the skills required for such projects might focus on maintaining functionality as opposed to creating something new. Over time, you might realize you have nothing new to do, and are functioning as no more than a cog in the wheel.
- Cultural mismatch. Dealing with the corporate culture that FAANG follow might seem challenging for some people. While each of these companies has its own distinct culture, what they share in common, with the exception of Apple, is that they’re not very old businesses. Ex-FAANG employees have often complained about bureaucracy problems, poor work-life balance, internal politics, and impersonal management. So, you might find yourself stuck in office politics that hamper your growth, despite years of good performance.
- Difficulty in standing out. The more the competition, the harder it becomes to stand out. This holds true not just during the application process, but also when you become an employee. To make a mark for yourself, you need to be able to deliver great results consistently with minimal attention required for your development.
- Cost of living. Several engineers and software developers wish to join FAANG and move to areas such as Silicon Valley, San Jose, and Seattle. While relatively high compensation packages might seem like a good reason to relocate, you also need to account for the higher cost of living. For example, rents in the greater Seattle area and Silicon Valley are among the highest in the country. You might also want to consider how much time you would end up spending in commuting to and from work.
Conclusion
Getting a job with Facebook, Amazon, Apple, Netflix, or Google might look great on your resume, and you may also get a good compensation package. However, will it give you the value you seek? To answer this, identify your priorities ahead of time and determine if joining FAANG will help you in achieving your goals.