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Ask HN: Is it possible to make FAANG salaries without working there?

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Re: Ask HN: Is it possible to make FAANG salaries without working there?

#131
post #125

Earlier quoted context omitted.

Why would gambling be high risk for employees? Unless you compare it to some cushy govt job it isn't really more "layoff-prone" than others.

Layoffs are not the primary risk of being an employee at a gambling company.

Then what is? I know the higher ups / owners have to deal with some straight up mafia shit or money laundering but a gambling company doesn't really look bad on a CV the way porn industry or even a government job (at least here in Poland) does.

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#132
post #125

Earlier quoted context omitted.

Why would gambling be high risk for employees? Unless you compare it to some cushy govt job it isn't really more "layoff-prone" than others.

Layoffs are not the primary risk of being an employee at a gambling company.

You’ve piqued my curiosity. What would you say is the primary risk of being an employee at a gambling company?

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#133
post #125

Earlier quoted context omitted.

Why would gambling be high risk for employees? Unless you compare it to some cushy govt job it isn't really more "layoff-prone" than others.

Layoffs are not the primary risk of being an employee at a gambling company.

I would be worried about organized crime. All sorts of sketchy things go on. The only sports event at my Uni where I wasn't able to photograph was college tennis because they have a problem with people past-posting on college tennis:

https://en.wikipedia.org/wiki/Late_betting

On one level I can understand the thrill of having some money riding on a game but I am baffled by the prop bets. Fixing a whole game is not so easy and rather risky, but influencing the silly little events some people bet on looks easy and hard to stop. It's particularly crazy that people bet on decisions by individuals and small groups as opposed to the outcome of a contest.

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#134

Don’t ignore the other aspects of compensation: raises, bonuses, vacation days, health insurance, etc. It’s not just salary.

> It’s not just salary. The "not just salary" bit is very often used as a mirage intended to fool employees to take a lower compensation than what they can get, and then tag a bunch of conditions that can't possibly or realistically be met.

That certainly can be true (not universally) when a company that might give you an offer is saying it.

If it’s coming from a peer, especially one whose been round a few more blocks than you, may just be an observation about life.

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#135
post #80

If $250k base salary is "not enough", you should really step back and look at what you really want in life. Even in HCOL area, consider relocation and/or remote. And to clarify, I'm not saying it's greedy or wrong, just that you'll be happier in life with clear goals beyond a salary number. I found that what I wanted was attainable with lower salary and not working for FAANG or living in Bay area

I think most would agree $250k is a comfortable lifestyle, but if your neighbor is making $1M/year in the same profession just because he works at a different company, a bit of bitterness and or desire for more is hard to combat. Your neighbor can retire at 45 with $10M+, why should you be content with the low end of upper middle class and working until 60 for a more average retirement?

I don't disagree, just to your point about early retirement, be aware of what you really want vs just chasing comp. If it's comp, then it also begs the question of why not FAANG then.

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#136
post #34

Earlier quoted context omitted.

I used to work at such a place. Contracts with places large as BAML and other places you e never heard of… Unless you’re the low level wizard you’re just going to make an industry standard salary, maybe a bump but nothing special.

What does a low level wizard need to know more specifically?

There's nothing too terribly special about low level wizardry, other than you really _do_ need to understand how the hardware works, and how your language works. Oddball skills you really need to know (and can easily pick up if you have a mind to) include: a) Reading processor/part data books. These are your API docs. Most of your answers are in there if you care to look. b) Reading schematics. You don't need to be able to write/design hardware, but you need to be able to figure out what each CPU pin is wired to and how you're expected to access peripherals. Again, not hard to figure out if you put your mind to it. Very handy to know: How to use a multimeter/oscilloscope/JTAG programmer/logic analyzer. There are your debuggers. You don't need them often, but when you need them, you NEED them.

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#137

Earlier quoted context omitted.

Why would gambling be high risk for employees? Unless you compare it to some cushy govt job it isn't really more "layoff-prone" than others.

You might not easily find another job after

Maybe it's a country thing but here in Poland no one would care. Various forms of gambling are legal under supervision of authorities so legal companies exist around that.

Unlike porn it wouldn't really be an embarrassing topic on an interview. Lots of interesting technical stuff to deal with in such a job.

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#138
post #125

Earlier quoted context omitted.

Layoffs are not the primary risk of being an employee at a gambling company.

You’ve piqued my curiosity. What would you say is the primary risk of being an employee at a gambling company?

I have no expertise here but I'd guess changes in legislation torpedo'ing the business model is probably a big risk.

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#139
post #62

it'a catch 22 with some of those companies. 1. they don't hire often & usually have small teams 2. they make so much money, that they don't make noise about it. & you won't hear about them, unless one day you randomly run into one of their employees saying they're hiring on reddit / hn 3. they work in unsexy industries or high risk stuff e.g gambling 4. they're usually located in places you wouldn't expect

Why would gambling be high risk for employees? Unless you compare it to some cushy govt job it isn't really more "layoff-prone" than others.

The risk is that if you ever want to leave the gambling industry you'll be the candidate who made their living swindling vulnerable people.

Re: Ask HN: Is it possible to make FAANG salaries without working there?

#140
post #77

Earlier quoted context omitted.

Really? Why? If anything I'd expect the opposite, non-American companies to eschew hiring engineers from the US because they'd cost more than equivalents in lower cost countries where those companies presumably are / can access more easily.

More expensive is better! Anecdotally I've heard that the larger chinese tech companies love exFAANG, because 'American engineers are better'. Maybe the Silicon Valley Mythos is another export?

Or maybe the fanga ones know secrets worth paying
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