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> I've seen the salaries people get by "switching companies often" and they don't seem to be a lot better than what you can get from good perf reviews at a FAAN
by kerkeslager 4y ago
> I've seen the salaries people get by "switching companies often" and they don't seem to be a lot better than what you can get from good perf reviews at a FAANG.
I suppose it's possible none of the FAANG folks I have spoken to about this were getting good performance reviews, but I have never heard of someone getting a 20% raise in one year at a FAANG company unless there were some obvious extenuating circumstances. I'm sure HNers will rush in now to tell me they got X>20% raise at Y FAANG, but that definitely seems like outliers to me.
And the thing is, you don't even have to be great to get a 20% raise by switching jobs early in your career. Normal, even mediocre growth as an engineer puts you at that valuation easily.
- astrange 4y agoThat happened to me, but I started as an intern so there was a lot of room to grow. If you come in as a mid-level engineer it'll take a while to get a "permanent" raise that high. But I'd say in a FAANG the target isn't salary growth, it's getting enough stock refreshers to avoid TC falloffs, which you should be able to do through good perf reviews and promos.
- kerkeslager 4y ago> But I'd say in a FAANG the target isn't salary growth, it's getting enough stock refreshers to avoid TC falloffs, which you should be able to do through good perf reviews and promos. Could you explain this further? I'm not sure I understand.