does everyone at faang in india makes 1cr+?
i used to think this was a fake narrative sold by youtubers to sell courses. but seeing recent posts here makes me feel its true. $220k RSU is insane money for 3 yoe. i'm working remotely earning in USD and even then it is not anywhere close to a cr. ig its time to give on dev and start grinding leetcode 🤠
One gets only 5% of those nicely sounding 220k RSUs when leaving after one year, 20% when leaving after two years. 0% if you leave before one year.
Attrition rate is high, beyond the around 10% PIPed a year, additional 20 to 50% people leave within two years.
What are you dreaming? Most faang people get vested 25% shares each year except amazon.
Amazon makes up for that by providing 20-301 joining bonus each year. Attrition including pip is 3-6% at these cos, most have 2-4year tenure. They get rich. Heck i am not in faang, but all my friends have amassed quite a good amount of wealth.
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Everyone above L5(senior swe) is north of 1 cr. In a few companies L5s also hit that number.
L5s are 1cr in places like google easy - you’re at the lower end if you’re on 1cr on L5 at these places. 1.5 would be more close to the median
That’s only a few companies as I said, Apple ic3 amazon swe 2 are not hitting 1 cr
It’s pretty true. I am an L6 and make 2cr. I am sure I am paid low being 10 years at Google
Several people do. Actually most people in FAANG India with more than 10-12 years of work ex make 1 Cr+ when cash + stock and bonus is put together
No lmao, only senior staff / managers rake in a TC of >1cr. And then you have the tax. You might see some exceptions here and there, but that isn't the trend, especially for 3yoe. A 3yoe _could_ rake in half a crore though.
Also, many people have TC increased due to stock appreciation, especially managers. For example, Oracle stock rose 70% YTD, so people sitting on a pile of RSUs just had their TC increased by 70% this year.
Youtubers do sell a fake narrative because you won't get a crore job right away.
₹1cr is equivalent to $450k PPP, it's not a common salary.
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