Uhh everyone has been suggesting that for the past year

Uhh not these weebs again

Google is Alphabet so what's about MAAAN! O MAAAN!

Microsoft??

Idk I would rand MAANG Tbh as manga already stand for something else

I have various videos in the works for this! Next video on this topic will be about the interview processes at each FAANG, followed up by a video on stock & vesting schedules!

Thanks so much! If you liked this one, my newest video about FAANG/MANGA interviews is being uploaded right now, and will be public in about 5 minutes!

Amazon redid their compensation bands so the levels.fyi data is a bit out of date. Example: new grad l4 is paying 200+ in premium markets like NY, Seattle, Bay Area.

Thanks so much! I really appreciate the nice words and support!

Thanks so much! Uploading my next one tomorrow, hoping people enjoy it as much as this one! :)

Thanks so much! I appreciate the kind words, as well as the subscription!

Thank you!

Thanks so much for the support! Great question, the data presented in this video is an average of all regions, but I could definitely make a future video that breaks down regions a bit better. In general, Bay Area is around 15-20% higher than these salaries, Canada is about 20-30% lower. The averages are close to accurate in the other places.

I’ll definitely consider making those in the future! This channel is mostly dedicated to software dev, but I might add a bit of PM in there so we’ll see!

+1 for making a video on data scientists!

@@Codebagel Thanks and I did see your SWE v.s. PM video so that helps paint a picture. But many of us would still like to see more videos about other roles in tech.

Thank you!!! I’m super appreciative to hit 100 subscribers! Stay tuned for more videos like this one, got one coming on Monday!

Thank you!

Thanks so much!

Thanks so much! I hope I can keep making videos to deserve ‘em!

Thanks so much!

Hey thank you! Do you mind explaining what you mean by weirdly jagged? I want to fix this so it’s not an issue in future videos, I’m just having trouble understanding what the issue is. Thanks so much for the feedback!

@@Codebagel in my eye, they seem lower resolution. amazon logo hits the hardest, focus on the outline and you'll pinpoint it. GREAT video!!!

@@coltcalderock3278 I think this is only an issue you're having. It looks perfect to me.

Thanks so much! Super happy I hit 50, next stop is 100! :)

Very good point, I should have made this more clear in the video!

How?

Thanks! I’m glad you enjoyed!

Yep, pinned a comment about this. Made a mistake in phrasing, my bad!

In the tech work Faang is just an acronym it's also means the top companies Microsoft included faang is just easy t o pronounce add m and everything falls apart

@@moviesanbu9476 FAANMG seems like someone choking while trying to scream...

@@marcelocardoso1979 FAMANG

The new FAANG is MAMA - Microsoft, Alphabet, Meta and Amazon. Netflix currently has a market cap below Zoom. So clearly not in this class. Also, the RSU vest over 4 years and unless you get more, that is that. The sign on bonus is for the first two years or so. So basically to make these salaries you have to keep job hopping between these companies. If not, your total comp could actually decline. Also, these are top of the market compensations and likely isn’t the case as of today since most have cut hiring.

It’s because FAANG isn’t a tech acronym, it’s an investment one. It was coined because at the time these were the companies that were experiencing huge stock growth percentage wise

The website might not account for adding vesting complexities. A few friends in this space have said the website is relatively accurate, but everyone has a unique situation.

Also add in the fact that as stocks vest over the 3yrs you’ll be taxed 40% of those. My rule is you’ll lose half the stocks unless you have a good cpa who can preserve them.

@@jonsturgill_ great point! I’ll be sure to make a point of including that in my video on equity-based compensation.

That’s good to know.

Wow. Best thing to do would be taking as little as possible in base salary and the rest in stock, right? At least if you want to build up some Capital in the long run

@@bratwurst7774replying a year later since I watched the vid again. but taking everything in stock might not be the right move. you don’t get your stock every 2 weeks. it might be every 3 months. when you receive the stock grant, it gets taxed. at that point, you have to immediately sell a small portion to pay for living expenses. if the value goes down, 100% of your pay just went down. if it goes up, congrats 100% of your received stocks have gone up. it’s super risky. in the short term stocks don’t change drastically and constantly go up and down. over the long term it’s a gamble to assume Netflix will be dominant (remember Blockbuster’s fall).

More than 500k these days

It’s definitely a unique approach, and it’s a way they’ve been able to retain all of their talent. Plus, the way stock works at tech companies, you often can’t sell it until you’ve stayed with the company for a few years, so people who leave early don’t end up getting all of it.

@@Codebagel For most public companies you can sell the stock as soon as it vests. Sometimes you can even have the broker auto sell the stock so that you don't even need to worry about it. The stock usually vests once a quarter so as long as you stay for a quarter you'll get stock.

@@michaelbenoit50 no usually the vesting period is 1-3 years, as a method of retaining staff. never heard of it being a quarter. Could be wrong though

@Ajay Deo I think mongo vests quarterly after the first year

@@ajaydeo2474 You are wrong. Many of these companies do have multiple vesting periods each year, with Amazon being the most obvious exception as theirs is annual and you only get a small percentage (5% year 1, 15% year 2, 40% year 3 & 4) each year.

100%! That’s what my channel is going to be focused on for the next few months! I’ll be uploading a ton of videos on the skills required to get past the interviews!

That's awesome 😘

Thanks so much for the feedback! Yeah I normally write scripts mostly so I have closed captioning for hearing impaired viewers, but I’ll make sure to work on the communication of the content :)

Oh awesome thank you! I intentionally slowed it down because I often speak too quickly, I guess I overcorrected a little bit! I’ll make sure to speed it up a bit next time.

Thanks so much! Check out levels.fyi for salaries on UI/UX!

100%! I might even make a list in the future of all companies that are in that range.

@@Codebagel please do so

I have one in the schedule! :)

MAGMA

@@samurai_panda SMEGMA

Most companies do remote so…

In certain cities in Canada, such as Vancouver or Toronto, the cost of living is higher than in California, and they get paid almost half as much when you factor in lower salaries, higher taxes, and currency conversion. Same with many European countries. The Bay Area still seems to be the place to be, we’ll see how that changes over the coming years though!

you have two choices: you can pay ordinary income tax on the comp when it's given and pay long-term capital gains taxes on the gain when you sell, or you can pay ordinary income tax on the whole amount when it vests

I much prefer GAMMA. Let’s make that a thing!!

I’m sure they’re excellent! They’re amazing companies!

I’m making a video on how to get past resume screening. They look for very specific things. Often knowing someone who works there and can give you a referral is the way in.

What, $20? Interns make that much in comp sci. I don't know what "AI specialist" entails, but you seem way undervalued. I would look to see if there are jobs on job boards with your skillset to determine your market value.

@@kaz2499 definitely. This is why I make this type of video, to inform you what the market rates are at these firms. If you know what other firms are charging, you can value yourself out at more.

@@kaz2499 Ok, I just talked with a career advisor today and she thinks I was coerced into the position I am in because of some mental disabilities I have (namely a case of Aspergers), which hinders my communication skills. Apparently, my current employer has a track record of going to prestigious universities and tracking down mentally hindered people like me and get us. Thing is, I can't exactly quit because I'm living paycheck to paycheck. I also can't quit because I'm in the US on a visa so if I quit, I'm deported... So like genuine question, if I have a mental disability, does that mean that my market value is low? I'm still trying to wrap my whole head around this stuff. What exactly determines market value of an employee? Is it just whatever you get paid? Like, if you or someone else could help me on this that'd be great!

@@sciencemanguy 1. Depends on the mental disability, but I don't think that is actually the reason for your pay. Unfortunately, people will take advantage of new immigrants, especially with your temporary immigration status being used against you. 2. Your market value isn't "lower", but rather unknown. Both the employer and employee come into the negotiation. Your employer, knowing your were vulnerable, took advantage of you and gained better terms. You had no choice. My dad experienced a similar environment, but he got married so he didn't have deportation hanging over his head. 3. First, I would advise doing a lot of research online as to what job titles are linked with your abilities. AI Specialist seems to be very niche, but can you handle the traditional software engineering role for a certain tech stack, for example? I would look up "technical resumes" on google to see if your resume is well made and presented. You basically need to do a lot of research regarding hiring practices, market value, what your job is, etc. Ascertain who you are and what your value is within the context of your field (comp sci). 4. I would start making an excel of job listings that are less than a month old, either manually or through scraping. Determine which companies would be willing to employ you. There is a huge shortage of talent, so now is a great time to find another job. 5. Start applying to 1/2/3/etc. jobs a day once you have your cover letter and resume perfect (have the career advisor review it). The key is massive quantity of application and attempting to get hits. 6. Review your employee contract with a lawyer specialized in employment law or at least familiar with it. Need to make sure there are no dangerous clauses like noncompetes or required employment periods. This is all I can think of off the top of my head. You recognized that you were being taken advantage of and that it the first step. Now, make sure to do your due diligence from now on. Best of luck.

My apologies if I got the titles inaccurate. I’m fairly certain the L6 and L7 compensations are accurate, but please let me know if there’s a mistake there too!

Do you not think Netflix will recover? And yes I agree about Facebook changing to Meta, I’ll change it for the future.

I still see a lot of people calling it faang it’s just kind of weird at this point. Netflix probably won’t get back to its peaks. Streaming is pretty much a solved industry at this point and now it’s just a fight for content. Now every network has their own service so Netflix will never return to its glory days as king of streaming.

Thank you algorithm 🙌 keep ‘em coming!

Definitely. Releasing a video this afternoon on the interview processes at each company!

It is an interesting trend to look into. Right now there’s definitely a tech bubble that’s bursting, alongside the global recession that seems to be just starting. With layoffs and hiring freezes in the tech space, only time will tell if this is temporary or if tech salaries and jobs will start to slow down. Personally, I believe it’s similar to the stock market. Through recessions things fall a bit, but eventually, they return to their place. These huge companies demand top talent and will continue to keep salaries at a competitive rate, so the only way I could see compensation falling in the long run is if every large tech firm decided to collude and drop salaries together. Thanks for the insightful comment! I really enjoy having these types of conversations!

there is going to be a large market correction so it's understandable that they want to sell now. I would do that even if I had extreme faith in the company, as if I would sell at high and buy at low I would be able to get a lot more stock effectively for free.

nothing to do with the tech industry, we're just heading into a period of recession and uncertainty. Covid, war, inflation, everything crashing, political instability...

True. Selling is due to market correction. Today also they have a very long term vision and an established cashflow. 5 years at least. There will be a buyback of these shares once the market has reached bottom.

Yep, you can sell it once it vests, which is a fancy term for when it becomes available to sell. I’ll make a separate video on this topic in the near future.

This is an average of compensations across roles from front-end to back-end. In general, front end development is pretty much accurate to this, maybe 5-10% lower but I wouldn’t put too much weight on that.

Slightly, but not 300k > 90k. I’d say it’s closer to 300k > 220k. Great pay in cities like Austin, NYC, Seattle.

I made a mistake with the title, but I believe comp is accurate. I’ll make a comment fixing those, thanks for the heads up!

Here is the pay for each FAANG company’s UX/UI designers: www.levels.fyi/company/Facebook/salaries/Product-Designer/ www.levels.fyi/company/Apple/salaries/Product-Designer/ www.levels.fyi/company/Amazon/salaries/Product-Designer/ www.levels.fyi/company/Netflix/salaries/Product-Designer/ www.levels.fyi/company/Google/salaries/Product-Designer/

It’s yearly!

Most of their main offices are located in SF/South Bay, Seattle, or NYC

MANGA

Think of those as “code names” that companies use to label their employees’ levels. So someone who is new to the company is at the “E5” level. If they get promoted, they are now at the “E6” level. It’s a way to measure seniority and skill level.

Means he or she has created 5 time more bugs than a L1 . L9 9 times and so on.

Company turnover is an important factor to consider for stock compensation, thanks for drawing attention to this!

That means you either need to know more Amazon people or some that are better at coding and don't get cut :D

​@@TF242 I assume you never worked before given your comment. You work 10-11 hr per day (I heard AMZ upped the hours) depending on how you calculate your workday 5-6 days a week, not including public transit. If you also take into account 3-hour transit+bullshit you are dumping around 85 hours in 5 days. Now try doing it while studying and networking on the side whilst dealing with life. (I have been locked out of my own car for the last 2 weeks because the locksmith works better hours than me...). But for argument's sake let's say not making the cut actually becomes an issue, let's say you are above average with nearly unlimited willpower and your chance of getting cut per year is below average at 3% (your father dies you get depressed, or make a mistake). After 5 years you have cumulatively a 40.5% percent chance of not collecting the most profitable section of your RSU ( no nice refreshers till y3 at amazon )...

@@nathanielme2622 Listen that's true you have to survive to year 3 preferably 4 to "collect". However you're misinformed quite a bit about work life balance at Amz. Unless your team (or your friend's) is an anomaly. As far as comp... don't forget that for the first 2 years you are getting the balance topped up in cash so you aren't really losing your hard earned money.

@nathaniel I’ve been working for amazon for over a year. Work flat 40 hrs a week and no transit (because I’m fully remote). It really depends on what team you join

why ? I am to new to all of this so I don't know much. Can you please tell me why didn't you join? Like is the pay low ?

@@KrupauxThe payment is good. if you have no moral compass, and if you are fine with the disgusting dirt what is happening under the hood at these companies, go for it. Personally I also turned down all of them (FB, MS, IBM, Bosch, Amazon, Morgan, etc) multiple times in the last ~20 years since I'm in the business. I'd rather starve.

When the FAANG terminology first came out, it was the 5 “new tech” companies that had hot and fast growing stocks. Microsoft wasn’t as new, and didn’t see its stock skyrocket during the same period as the rest. Like I mentioned in the video, there are so many other great companies to work at as well. I can always make videos on companies like Microsoft if my viewers want!

@@Codebagel Apple is from the 70's though.

@@Thelango99 My understanding from research on it is that Apple is included because it wasn’t until the 90s that their stock really started blowing up. I’m not 100% sure though so I’ll do some research and get back to you with a conclusive answer!

@@Codebagel Ok, thank you.

@@Codebagel yes do this !

Because FAAG is too controversial of an acronym

I think it’s important to keep the ‘n’ 😅

Probably cause they pay like balls. All in cash if u want. Nobody else pays cash 300k or 500k for that matter.

@@Evolvedpants flies a bit too close to another infamous acronym to stick

Average is from everywhere, but there are definitely a lot of Bay Area reports pulling up the averages. Bay Area is a bit higher on average than these, but pretty close.

They should show this video to the millions of homeless in California.

@@yomismo6969 whats ur point? motivate the homeless to be swe?

@@jyun3102 why they are homeless even though many of them work 10 hours everyday .They deserve to know .

Those are the titles of roles at different companies. Think of it as an employee code name.

if you aren't working in one of the big tech hubs, don't be. Most of the salaries consider cost of living. FAANG pays significantly less depending on where you work.

I'm sorry to hear if you've been affected by layoffs :( I probably will make a video addressing the current state of the recession and software engineering industry, along with any resources for those affected by current recession. Good luck, I wish you the best. Everything will get better soon I hope.

This is not true, and effective tax rate is much lower than marginal tax rate.

@@dudexyt yeah, exactly. Higher salaries means more take home cash, no matter the tax rate. So many people think certain salaries cross the line to where you actually would be better off with lower pay. That would be insane.

Just do write offs and invest and pay capital gains tax .You save a lot of those taxes.Not hard to write off just register a company or a business under your name and save money.

@@AmritenduRana31082000 I mean, if you don't want to be charged with tax fraud, the business actually probably has to be legitimate. It's not that easy to do it legally, otherwise everyone would do it.

Sorry for such a late reply; they’re more representative of American pay, Canadians get paid about 30-40% less, although it can vary a lot.

you forgot google = alphabet.. but it's FAGMAN, facebook, amazon, google, microsoft, apple, netflix

Just uploaded a new video, and I decided to add MANGA to the title because that’s been the most common comment on this video haha

You'll need more than just "know how to code" to ever land a job thats being talked about lol. 1000% not that simple