Gooner7

FAANG & unicorn folks, what do you do with all that money?

The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy.

The average SDE2 at these companies makes 50+ lakhs per year in compensation (not “CTC” but real money) The average SDE3 makes 80+ lakhs which is frankly insane.

What are you guys doing with all that money?

5mo ago18K views

securitah

Google5mo

Giving 34.2% directly and 18-28% indirectly to gormint. My biggest expenses by a country mile.

Gooner7

Goldman Sachs5mo

@securitah But all of us doing that bro. Kuch naya batao.

Civ6Noob

Amazon5mo

Yep and in return we get to travel 10 km in 1hr, we get to go be medical experiments in local hospitals and pay the Swiss boarding fees for our politician’s kids lol

OutOfRatRace

Google5mo

Bought car, apartment. Cleared home loan in 2.5 years. Bought an office in gift city with 10% DP, remaining installment as per construction progress which will be covered from salary, stock worth almost 1cr intact, not touched, 7lac bank balance, started with zero in march2021

Gooner7

Goldman Sachs5mo

@AboveAndBeyond This is acrually so good. I strive for that too.

Sane

KPMG5mo

Dude 🥲 Well, clearly I'm just swimming in gold coins like Scrooge McDuck over here! But seriously, while I've made some strides, I could still use some advice on how to navigate the next steps wisely. Any insights on where to focus or what pitfalls to watch out for? @AboveAndBeyond

Uchiha_itachi

Google5mo

I stay in blr. Depends on location but for two people you can get decent space for 40k groceries and food max 20 k , so food shelter clothing max 70k per month or make it 10 lakhs per annum to live conveniently. Also includes gym subscription, educational courses. What about rest of the money..... Of the rest 50% in Real estate, gold, mutual fund Company stocks Other stocks

Other 50% in FD ( conservative profile)

Company takes care of health insurance and retirement (pf amounts to good savings)

Income to savings ratio: very low, if I put the actual number ,gives away the salary.

Other ways to burn money I was earlier tempted but didn't give in to the following

Have seen relatives/friends do it and spend more money

Buying extravagant houses on loans
Expensive cars ( i know someone who spent all savings on a Benz and takes 2 wheeler now to save on petrol and traffic)
Partying
Sins

Gooner7

Goldman Sachs5mo

@Sagittarius_ram This answer changed my life. I wish you made a post about this. I would have loved this man.

LazyLoader

Oracle5mo

Gooner. What's wrong with your life? Random answers on GV changing your life fr? Time to introspect

Kafkaa

InMobi5mo

Saving, investing in stocks/MFs to take portfolio over 1 cr, bought house in my hometown, buying another house in Bangalore, planning to buy some land as well in my village before i turn 30.

Gooner7

Goldman Sachs5mo

GG bro

3xPlusOne

Google5mo

How much is your NetWorth?

ShyReview

JP Morgan5mo

Can anyone tell me about the work pressure in FAANG? Especially Google?

Gooner7

Goldman Sachs5mo

Pretty chill if you ask me. Switch roles internally every 2 years to relax and vibe

3xPlusOne

Google5mo

Depends on the manager and the team but it's increasingly getting worse. Nowadays, there is a culture of fear

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Curated from across

AgileWaterStealth16mo

Are the salaries true?

Hi all, I see salaries of. 3 or 5 years experienced here touching 35 lakhs. Is this true? Or is this true for locationa like Bengaluru?

StupidCop88Stealth1mo

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 ...

11K views

ToughElbowGoldman Sachs9mo

How much SDE-2s are earning in non-FAANG top companies ?

saltGojek9mo

Is the FAANG hype dead? 💀

Had a call with my cousin this weekend. Life has been very hectic lately so, I have been laying low for a while now. Anyway, my cousin reached out and he brought up something very interesting. He mentioned how the quality of new engineer...

Top comment

Was there any faang hype among 99th percentile folks in the first place?? I graduated from a tier-1 college, majori...

PerfumedSpotMy own bussiness11mo

What should be the salary component for 10y exp with really good hold on these technologies

AWS, K8s, Kafka, Standard DBs- Postgres, redis, etc. system design

I’m a platform architect and working with a unicorn. I have been in this role for over 3 years and I am getting 60lpa right now. I have my review coming in soon and I ha...

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