05-03-2022 10:41 PM |
Unregistered |
How's the salary like for Financial Analysis / Accounting related roles in the tech industry, as compared to in banks?
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05-03-2022 01:24 AM |
chowchowchow |
I can share some insights on big tech sales.
(Context: I was from one of the largest FAANG, and was there for five years)
Promotions are very tricky for sales.
Unlike local companies, big tech does not practise tenure = promotion. Although, there is definitely a correlation which is why you do see people in a role for 2~3 years.
For the company I was in, 2 years is actually considered average-slightly above average, especially for junior levels. Usually for IC sales, promotion will have a “glass ceiling” as you become more senior.
For junior roles, it is usually dependent on hitting sales quota, but that does not necessarily buy you a ticket to promotion. What I have seen is that it is also about timing and opportunity, in my company, there was promo quota which I believe is same for other FAANG. Sometimes, for a particular cycle, there may just be so many more colleagues on the team that are also going for promo.
As you grow to become a senior IC, it starts to become harder really because the only way up is to be a people manager. Not everyone can be a people manager, and the positions are often very limited. Just imagine a pyramid, smaller (less roles) up the chain.
Pay wise, I think it really depends on the GTM (go to market) and finance teams.
What is the sales bonus philosophy and how do they go about setting and thinking about quotas.
Aside from all this, I think it is key to know that tech sales can be very challenging for FAANG compared to non-FAANG.
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04-03-2022 07:33 PM |
Unregistered |
Quote:
Originally Posted by Unregistered
I agree with this.
Company name matters a lot. It doesn't matter if there's not much work to do or the work sucks, what matters most is the company name. If you could pick Microsoft and do some boring desk crap job, it's still better than doing some innovation stuff at a start-up that half the world don't even know about.
Also company name comes with prestige, with prestige you'll get better opportunities just by having Microsoft, and other big company names on your resume. When recruiters scan your resume through their bot, they'll always look for specific keywords.
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do what is important also lah
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04-03-2022 05:45 PM |
Unregistered |
Quote:
Originally Posted by Unregistered
Honestly, if you get an offer, you should take it. Even if you find that you stagnate after a couple of years, you will have the latitude to move to almost anywhere else, given the brand name and the likely case that you will have a rather large portfolio in nominal monetary terms.
It's true that it may become repetitive over time, but that's really a function of how MNCs in general operate. People tend to become specialists in their role over time, unless the company has a culture of continuous rotation.
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I agree with this.
Company name matters a lot. It doesn't matter if there's not much work to do or the work sucks, what matters most is the company name. If you could pick Microsoft and do some boring desk crap job, it's still better than doing some innovation stuff at a start-up that half the world don't even know about.
Also company name comes with prestige, with prestige you'll get better opportunities just by having Microsoft, and other big company names on your resume. When recruiters scan your resume through their bot, they'll always look for specific keywords.
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04-03-2022 03:21 PM |
Unregistered |
Quote:
Originally Posted by curiousboy
Yup, agree with you. I also understand the competition as well, currently got invited for an interview so I'm weighing my options. Im just concerned about the growth oppo haha
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Honestly, if you get an offer, you should take it. Even if you find that you stagnate after a couple of years, you will have the latitude to move to almost anywhere else, given the brand name and the likely case that you will have a rather large portfolio in nominal monetary terms.
It's true that it may become repetitive over time, but that's really a function of how MNCs in general operate. People tend to become specialists in their role over time, unless the company has a culture of continuous rotation.
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04-03-2022 09:24 AM |
curiousboy |
Quote:
Originally Posted by Unregistered
I agree with this, also ignore the trolls.
Big tech companies that are in the billion dollar revenues have the best prestige, work-life balance and career progression. They will continue to grow as COVID continues to rave on too and even if there wasn't any COVID, more and more people are starting to use the internet.
More internet users = more technology users = all tech companies, especially the popular ones will keep going up. A quick way to tell is by looking at their stock trends, those that continuously improve throughout the years will always be #1. Those that stagnate or starts dipping are the ones to avoid.
But yes expect tough competition, everyone wants to be in the tech industry now, tech or non-tech role.
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Yup, agree with you. I also understand the competition as well, currently got invited for an interview so I'm weighing my options. Im just concerned about the growth oppo haha
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04-03-2022 09:19 AM |
Unregistered |
Quote:
Originally Posted by Unregistered
I'll try to input something useful here, but disclaimer as this is not first hand experience as I'm doing a technical role.
Working in big tech has a certain prestige associated with the brand name, which is most certainly important when considering exit opportunities. Progression is definitely good, but also expect it to be very competitive. Due to the scale of the company, you can get to be a part of very large projects, which adds to both growth and exit opp considerations.
Each company has its own culture, of course. Some tend to be more cut-throat, and others more employee-centric. YMMV
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I agree with this, also ignore the trolls.
Big tech companies that are in the billion dollar revenues have the best prestige, work-life balance and career progression. They will continue to grow as COVID continues to rave on too and even if there wasn't any COVID, more and more people are starting to use the internet.
More internet users = more technology users = all tech companies, especially the popular ones will keep going up. A quick way to tell is by looking at their stock trends, those that continuously improve throughout the years will always be #1. Those that stagnate or starts dipping are the ones to avoid.
But yes expect tough competition, everyone wants to be in the tech industry now, tech or non-tech role.
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04-03-2022 09:05 AM |
curiousboy |
Quote:
Originally Posted by Unregistered
I'll try to input something useful here, but disclaimer as this is not first hand experience as I'm doing a technical role.
Working in big tech has a certain prestige associated with the brand name, which is most certainly important when considering exit opportunities. Progression is definitely good, but also expect it to be very competitive. Due to the scale of the company, you can get to be a part of very large projects, which adds to both growth and exit opp considerations.
Each company has its own culture, of course. Some tend to be more cut-throat, and others more employee-centric. YMMV
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I see, do you know about the growth opp for like say b2b sales role? From what I understand its not as much because you are constantly hitting kpi and doing the same thing over and over again. The reason why I say this is because I went to LinkedIn search ppl in the same said role (sales) and saw them being stuck for like 2-3years. Was wondering whats the average promotion rate?
Also, thanks so much for the reply, appreciate it. Its the more constructive ones compared to the rest haha. Ignore the trolls as well
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04-03-2022 08:15 AM |
Unregistered |
Quote:
Originally Posted by Unregistered
if you're doing a technical role then your post is entirely fking useless...
use your brain. you're giving the same generic cookie cutter response,
"
big tech = prestige = good brand = good progress!
not all companies the same!
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wtf... and the sky is blue and today is a weekday. wow good info bro
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Why so much angst lol. I know quite a few people in the commercial side. OP didn't ask for any specifics, so this is the generic answer I've got.
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04-03-2022 12:12 AM |
Unregistered |
Quote:
Originally Posted by Unregistered
I'll try to input something useful here, but disclaimer as this is not first hand experience as I'm doing a technical role.
Working in big tech has a certain prestige associated with the brand name, which is most certainly important when considering exit opportunities. Progression is definitely good, but also expect it to be very competitive. Due to the scale of the company, you can get to be a part of very large projects, which adds to both growth and exit opp considerations.
Each company has its own culture, of course. Some tend to be more cut-throat, and others more employee-centric. YMMV
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if you're doing a technical role then your post is entirely fking useless...
use your brain. you're giving the same generic cookie cutter response,
"
big tech = prestige = good brand = good progress!
not all companies the same!
"
wtf... and the sky is blue and today is a weekday. wow good info bro
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