FAANG (or MANGA) companies seem to be the holy grail for lots of people exiting BIG4 or even banking/consulting types looking for finance analyst type roles in industry.

Anecdotally, the pay & culture seems good at those companies, but are there significant cons to "finance analyst" type roles in those orgs which would deter you from working from them? (I.e work hours, progression etc?)

like
Posting as :
works at
You are currently posting as works at

I’m glad I made the switch, but progression is notably slower. As a side note, when referring to an example, or a list of examples, the correct abbreviation is e.g. The abbreviation i.e. is used to restate something said previously in order to clarify it’s meaning (e.g. “If you are a millennial (i.e. born between 1981-1996) then you probably remember what you were doing when you learned about the 9/11 terrorist attacks on the US.”).

likesmarthelpful

Yes base comp increase was about 30%. Bonus went from 5-8% to 10-15%.

The risk is that many of these high Flyer companies may crash and burn. Guess who gets fired first - the grunt analysts! Second, recession could lead to the job market being less active / aggressive. Third, the grass is not always greener

smart

Certainly is possible. But if you are unhappy in public and looking to go into industry, I wouldn’t sit on my hands and wait for a recession to come and go. Make sure you’ve got a solid emergency fund, do good work and don’t burn bridges. The rest is out of your control and so you might was well pursue the career/life you really want. I know people in PA who in ‘08 / ‘09 were laid off. No one is immune if shit really hits the fan.

F

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