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I have a year of experience out of college in engineering and consulting. I recently saw a business planning, Apple Music role at Apple that I feel like I’m a good fit for and was wondering if anyone would be willing to refer me. I’m passionate about music and am a producer during my free time and feels like this role sits at the intersection between music, tech, and strategy. If someone would like to chat a bit more about it, would love to reach out!
LMM PE vs. FAANG Product Manager vs. MBB?
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Rofl. You’ll take a title hit. Tech companies value tech experience.
Aka three years in consulting = 1 year at google
Wow.....definitely wrong. When you join those companies you take a title demotion and salary cut. What they give you in return is more equity and a good sized bonus. Your total comp is usually huge (much better than your old salary)
If you can take the ego hit, its lucrative
170-190 base + 20% bonus + 60-80k/yr equity (250-300k over 4 years).
FANG you will likely not join at M2. Maybe L5 or M1 depending on experience.
The key point is that you won't get SM at FAANG as a M consulting. They push you down, level wise. Upside of that is you move way up in terms of level on the flip side of that.
I have an offer from a private tech company.. 190base with 30% bonus. Wondering how this would be if was at FANG and had an equity component.
Exiting from M2 level.
Levels.fyi
M1 has it right. As a M at non-FANG I am making 210k so I would imagine SM at FANG would pay close to 300
Fair... Won't get to SM title at FANG
What I am looking for is range and %split of base to bonus to equity. Trying to weigh the risk reward of a purely bonus based comp vs equity based.
OP the split is as I mentioned above.
Unless you think the stock price for particular FANG is going to tank systematically over a period of time, the risk is limited.
If you do think it will tank, you should have other considerations joining that FANG beyond salary.
M1 that’s a pretty unwise thing to say - of course there is risk in any stock, and virtually all finance experts suggest you reduce correlation with your employer however possible...just ask the Enron guys
Risk here is specified "relative" to the risk of working for an employer that has economic problems. Point being that the stock options are not such a material part of your comp, and if you are concerned about the company your primary concern should be your employment and future prospects.