15 Alternatives to FAANG 😎 | Companies paying more than FAANG! đŸ”„đŸ’Ż CTC Breakup

Nishant Chahar
9 Mar 202312:02

Summary

TLDRIn this informative video, Nishant Chahar introduces 15 lesser-known companies offering competitive compensation packages that rival FAANG giants. He breaks down the components of total compensation, including base salary, bonuses, and ESOPs, and provides specific examples of high-paying companies like Palo Alto Networks, Meesho, and Razorpay. The video also offers insights into the benefits of joining startups and the importance of considering base salary for long-term growth, encouraging viewers to explore diverse career opportunities beyond well-known tech companies.

Takeaways

  • 😀 The video introduces 15 companies with higher packages than FAANG that viewers might not have heard of.
  • 👍 The presenter encourages viewers to like the video and set a target of 4000 likes.
  • 📝 The script covers various components of a total compensation package (CTC), including base salary, bonuses, and stocks/ESOPs.
  • 🎓 It mentions a program for a master's degree in computer science from the US without the need for GRE, starting in Fall 23, with potential savings.
  • 💰 The script explains that only the base salary divided by 12, after tax, is what typically comes into one's account monthly.
  • 🏱 Companies may offer joining and retention bonuses, which are taxable and come with certain conditions.
  • 🏆 Performance bonuses are based on ratings and can vary between 0-20% of the base salary, also taxable.
  • 🚀 Relocation bonuses help with the move to a new city for work, providing either services or cash.
  • 📈 ESOPs/RSUs are stocks allocated to employees that vest over a period, typically 4 years, and can be sold once vested.
  • 🌟 The video lists companies like Paloalto Networks, Meesho, and BNY MELLON, providing details on their salary packages and benefits.
  • 🔄 The script advises that while bonuses may be higher initially, a higher base salary with increments can be more beneficial in the long term.

Q & A

  • What is the main topic of the video?

    -The video discusses 15 companies that offer packages higher than FAANG companies and are good alternatives that viewers might not have heard about.

  • What does CTC stand for in the context of the video?

    -CTC stands for Cost to Company, which includes various components such as base salary, bonuses, and stock options.

  • What are the components of the total CTC mentioned in the video?

    -The components of the total CTC include base salary, relocation bonus, joining bonus, retention bonus, performance bonus, and stocks/ESOPs.

  • What is a Relocation bonus and how is it typically used?

    -A relocation bonus is provided by companies to cover the expenses of moving to a new location for work. It often includes temporary accommodation, food, and transportation for a month or so, or a cash option to handle these expenses personally.

  • How are ESOPs or RSUs different from regular stocks?

    -ESOPs (Employee Stock Ownership Plans) or RSUs (Restricted Stock Units) are allocated to employees over a period of time and are subject to vesting schedules, unlike regular stocks which can be bought and sold freely in the market.

  • What is the base salary of the first company mentioned in the video, Paloalto Networks?

    -The base salary for Paloalto Networks mentioned in the video is 17 lakh rupees.

  • What is the significance of the performance bonus in the total CTC?

    -The performance bonus is based on an employee's performance, deliverables, and ratings. It varies and is usually a percentage of the base salary, contributing to the total CTC.

  • What is the base salary of Meesho as mentioned in the video?

    -Meesho offers a base salary of 20 lakh rupees.

  • How does the video suggest one should consider their base salary when choosing a job?

    -The video suggests that one should try to increase the base salary component rather than the bonuses when choosing a job, as it leads to more benefits in the long term due to yearly increments.

  • What is the base salary offered by JusPay according to the video?

    -JusPay offers a base salary of 18 lakh rupees.

  • What is the base salary and additional benefits of the last company mentioned in the video, Myntra?

    -Myntra offers a base salary of 17 lakh rupees, along with variable bonuses of 1 lakh rupees, a joining bonus of 3 lakh rupees, and ESOPs worth 9 lakh rupees vested over 4 years.

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