Software Engineering Salaries at FAANG companies
When it comes to the career aspirations of software engineers, many understandably harbour ambitions of working for FAANG companies — but what salary could you expect to earn?
FAANG is an acronym that incorporates America’s tech giants, including Facebook, Amazon, Apple, Netflix and Alphabet (formerly known as Google on the NASDAQ). The lure of these leading companies is clear, with a combined market cap of some $3 trillion — representing nearly 10% of the total market capitalization of the US stock market — workers can largely be assured of career progression opportunities and job security. But how much do FAANG companies pay their developers?
These five major tech players are among the most appealing employers across the world. They consistently find themselves listed among the top firms when it comes to employee and leadership training and development. They’re also generally recognised as leaders in terms of recruitment and retention programs.
(Image: Motley Fool)
As the data above shows, we can see that FAANG companies have far outpaced the S&P 500 in terms of stock market growth, which helps to show that firms have plenty of resources to provide employees with job security whilst offering plenty of potential to innovate further.
Because these companies have such excellent reputations when it comes to developing new talent internally, FAANG employees tend to become highly appealing to other companies around the world. In fact, a large number of graduates identify FAANG jobs as springboards to rich and illustrious corporate careers. For instance, if you harbour ambitions towards launching your own company in the future, it’s likely that your FAANG experience will be appealing to investors when it comes to seeking funding.
Although FAANG jobs clearly hold a lot of benefits for prospective employees, we haven’t yet addressed the question of salaries. Many associate roles at America’s tech giants with bewildering earning potential, but what do realistic salaries in FAANG companies look like? Let’s take a deeper look into the relative salaries associated with FAANG companies, as well as leading tech…