Scrolling through LinkedIn, I realized, nowadays, many just shout FAANG FAANG without even knowing the meaning.
Almost everyone wants to get a job there.
Do you think, only companies in the FAANG, provide good pay and have extraordinary work culture?
This is not the case.
Let us see some of the common myths about the FAANG.
FAANG was made to abbreviate the most seemingly profitable stocks of 2010s. So, FAANG is an abbreviation for Facebook, Apple, Amazon, Netflix, and Google.
You might be wondering, why Microsoft is not in the FAANG.
Microsoft was already a giant when the term FAANG was introduced. The stock value of Microsoft was high already. FAANG describes the list of the growing companies. Otherwise, Microsoft is bigger than Netflix and Facebook/Meta combined.
Based on the recent valuation of top tech giants, Netflix is ‘OUT’ and Microsoft is ‘IN’. FAANG is outdated now and MAMMA is the new acronym.
MAMAA includes Meta / Facebook, Alphabet / Google, Microsoft, Amazon and Apple.
The term MAMAA is revealed by the originator of the FAANG.
Not at all.
Understand the fact. FAANG (currently MAANG) was never a group recognized as a dream IT company but, a group of companies with extraordinary growth in the stock market of the USA in top news reports.
Dream companies shouldn’t be recognized by the money they offer but by the culture and fun, you will have at work.
When next time, you are looking for a job, don’t go for the FAANG blindly. Consider all the important factors like Salary/Pay, work culture, and most importantly, learning opportunities.
Talk to your friends/colleagues working out there. They can tell you more about the company and projects rather than the lucrative job descriptions.
Now let’s see…
Some of the companies pay even more than FAANG and also provide stocks and RSUs to their employees.
I have seen many who drops offers from FAANG to join one of the above.
In fact, I would say, these are not the alternatives, it is the list of the companies other than FAANG, you should work for.
There are many unicorn Indian startups that give pay comparable to AMAZON and other MAMMA companies.
Here the culture is startup type. You can see sometimes workload getting piled up. Sometimes, work-life balance becomes challenging. But your contributions are noticed and hikes are in accordance.
Feel free to add any company to the list of alternative companies of FAANG in the reply section which is an alternative of FAANG in terms of compensation, learning opportunity, culture, work-life balance, etc.