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Most times I see faang it's in the context of tech jobs, and Netflix is notorious for its wages - just my perspective as an outsider in Australia...
by catmanjan 6y ago
Most times I see faang it's in the context of tech jobs, and Netflix is notorious for its wages - just my perspective as an outsider in Australia...
- nostrademons 6y agoMuch of that's historical reputation, though. Netflix actually underpays compares to some of its peers in the valley now. As of early 2020 my perception (somewhat based on levels.fyi data, as well as personal & friends' salary data) is that the ordering is roughly FaceBook > Snap > AirBnB > Google > Lyft > Stripe > Uber > Netflix > Microsoft > Apple > Amazon > (old-line tech like IBM, Oracle, HP, Juniper, Cisco). This was pre-COVID and tends to move around a lot with stock prices though.
- comp_throw7 6y agoI think if you compare based on sign-on offers offered to candidates with comparable experience, rather than compensation with multiple years of differential stock movement factored in, you get an ordering more like: Snap > Netflix > Pinterest > (Airbnb, Uber, Lyft) > Facebook > Google > Amazon > Apple > Microsoft. Stripe isn't publicly traded, but if we took for granted their RSU valuation without any discount, it'd be up there with Netflix. Lack of refreshers may knock Netflix down one or two spots, I suppose, but they do have a practice of giving substantial raises for performance, so maybe not. After all, the interesting thing to a prospective candidate isn't how much money the engineers working at those companies are making now, it's what sort of offer(s) they can expect. (Also, all cash comp > 50%+ RSU, imo, even if you bake in an implicit growth factor to equity. The volatility should probably carry a significant penalty.)