In the last 12 months, instamentor.com has successfully helped many people land a job at FAANG companies and alike.
Cumulatively their additional salary has been increased to 2 million.
This year, our goal is to 5x this number to help people gain an extra $10 million.
Why you should join FAANG as a data scientist
In addition to high income, here are a few other reasons that I think why you should consider joining FAANG as a data scientist in 2022.
Here are 9 points that you should consider:
1. Opportunities
Even though FAANG companies have already gained significant market shares, they are (unsurprisingly) still growing rapidly.
a. Take Apple, for example. When I first joined in 2014, their stock price was about $18 per share, and it recently reached an all-time high of $182, 10Xed in the last seven years.
b. The other FAANG companies shared a similar story, if not growing faster.
Amazon's stock was about $110 per share when I joined in early 2011. Today's price is $3300 at market close, and their stock price has grown 30 times over the last ten years.
With the hyper-growth (stock price usually reflects the company's business growth) trajectory, accompanied usually means a lot of internal opportunities for you to work on.
You are more likely to get promoted in a company that is growing fast.
2. Network
You will likely meet impressive people, peers, and leaders that you will develop a world-class professional network.
As a former employee at Amazon and Apple, I got a chance to meet many very sharp colleagues, mentors with whom I still kept in touch after many years.
3. Data
As a data scientist, you don't want to spend time searching for data, or fixing low-quality data, even though, in reality, you may have to.
I'd rather spend more time analyzing or fine-tuning the model.
Working at a FAANG company means it's easier for you to access your target data, and you can trust the data quality.
4. High income
FAANG companies' annual total compensation (TC) includes a competitive base salary + generous RSU (restricted stock units) + performance-based annual bonus + one-time sign-on bonus.
And because their stock price has been performing well over the last few years, we have a solid reason they will continue to do well, which means the stock portion of your income will likely grow as well.
We've seen people joining FAANG and double their annual income in their first year, compared to their last job.
5. Business problems
When the data's volume, velocity, and variety becomes in very large scale, so come many different exciting and sometimes challenging problems.
For example, when you build machine learning models, the same model that worked great for the US market may fail at an Asian market.
6. Visa
FAANG companies are very friendly and supportive of your temporary visa (OPT), work visa (H1-B, O1, L1), or your green card application.
Suppose you are an international student who just graduated. In that case, FAANG companies have many years of experience helping you get a visa.
In some edge cases, if you didn't win this year's H1-B lottery, they have many international offices where you can work there temporarily while participating in next year's H1B visa drawing.
Once you get your H1-B visa, they will also help you relocate back to the United States.
7. Job security
Generally speaking, the Macroeconomy goes up and down in an economic cycle; usually, it's about every 10-15 years.
In 2000, there was the dot com bubble crash. So many tech companies went bankrupt, lots of people lost their job.
The same thing happened in 2007 - 2008.
When the market crashes, many companies will start laying off people, not because of their work performance, but simply because they have to cut budget to survive.
Companies with the best cash flow and balance sheet provide a safe harbor for their employees during a crisis, and FAANG companies tend to have excellent cash flow.
8. Matured process
FAANG companies usually have a formal process to present and share your analytics insights and move things forward.
And before you share your critical information with important business stakeholders, you will usually be asked to peer review your SQL or Python code to avoid any data issues.
9. Others
Of course, there are other benefits such as making your parents and family proud. My parents kept telling everybody that I was working at the world's largest tech company when I joined Apple. : )
Most of the FAANG companies' headquarter is in silicon valley, which has one of the best weather patterns in the world. So if you like sun, hiking, skiing, surfing, the San Francisco bay area is a great place to be.
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