15 Alternatives to FAANG 😎 | Companies paying more than FAANG! 🔥💯 CTC Breakup

Summary

In 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.

Outlines

00:00

📈 Introduction to High-Paying Companies Beyond FAANG

The video introduces the theme of discussing 15 companies that offer competitive packages exceeding those of FAANG companies, which are lesser-known but promising alternatives. The host, Nishant Chahar, encourages viewers to like the video and engage in the comments section to share their favorite companies and topic suggestions for future videos. He also briefly mentions a program for computer science masters in the US without the need for GRE and provides a link for more information. The host clarifies misconceptions about CTC, explaining the components such as base salary, bonuses (relocation, joining, retention, and performance), and stocks/ESOPs, which are essential for understanding the video's content.

05:00

💼 Detailed Breakdown of Compensation Packages in Top Companies

This paragraph delves into the specifics of compensation packages offered by various companies, starting with Paloalto Networks, which offers a base salary of 17 lakh rupees, a joining bonus, and significant stock options. The explanation continues with Meesho, highlighting its base salary, bonuses, and ESOPs, and clarifies how ESOPs work in unlisted companies. The host then discusses BNY MELLON, Arcesium, Navi, PayPal, Zomato, and Razorpay, detailing their salary structures, bonuses, and stock options. The paragraph emphasizes the importance of base salary for long-term benefits and the tax implications of bonuses and stocks.

10:01

🌐 Overview of Additional High-Paying Companies and Their Benefits

The final paragraph presents a list of additional high-paying companies, including JusPay, J P Morgan, RIPPLING, Walmart, CISCO, Slice, and MYNTRA, outlining their base salaries, bonuses, and stock options. It highlights the generous compensation packages of these companies, some of which are Indian startups. The host encourages viewers to apply directly to these companies for specific roles, emphasizing that they value development skills and are not solely focused on DSA (Data Structures and Algorithms). The video concludes with a call to action for viewers to like the video and share their favorite companies in the comments.

Keywords

💡FAANG

FAANG is an acronym referring to five high-performing technology companies in the stock market: Facebook, Amazon, Apple, Netflix, and Google (Alphabet). In the video, the term is used to compare these well-known companies with lesser-known ones that offer competitive or even higher compensation packages, highlighting the theme of exploring high-paying job opportunities beyond the typical tech giants.

💡CTC (Cost to Company)

CTC is a term used to describe the total cost incurred by a company to hire an employee, including all forms of compensation. The video script explains multiple components of CTC such as base salary, bonuses, and stock options. It is central to the video's theme as it provides an in-depth look at the various forms of compensation offered by these companies, which is key to understanding their attractiveness as employers.

💡Base Salary

Base salary refers to the fixed amount of money paid regularly to an employee by an employer. In the script, it is one of the components of the CTC and is mentioned as the primary source of regular income for employees. It is a fundamental part of the compensation package and is used to calculate the monthly take-home pay after taxes.

💡Bonus

Bonuses are additional payments made by employers to employees, often based on performance or as an incentive. The video script mentions several types of bonuses, such as joining bonus, retention bonus, and performance bonus. These bonuses are part of the CTC and are used to attract and retain top talent, illustrating the competitive compensation strategies of the companies discussed.

💡Stocks / ESOPs

Stocks or Employee Stock Ownership Plans (ESOPs) represent a form of equity compensation where employees receive company shares or stock options. The script explains how these are allocated and vested over time, providing employees with potential long-term financial benefits tied to the company's performance. This is a key aspect of the compensation packages discussed in the video, showcasing the potential for wealth creation beyond traditional salary.

💡Vesting

Vesting refers to the process by which employees gradually earn the right to own company shares or stock options over a period of time. The script describes vesting schedules, such as 25-25-25-25, indicating the percentage of allocated stocks that become available to the employee each year. This concept is crucial for understanding how equity compensation works and its impact on employee retention and motivation.

💡Relocation Bonus

A relocation bonus is a financial incentive provided by employers to cover the costs associated with moving to a new location for work. The script mentions this as part of the CTC, highlighting how companies assist with the logistics and expenses of relocation, such as providing accommodation and transportation during the initial period.

💡Joining Bonus

A joining bonus is a one-time payment made to an employee upon joining a company, often with conditions attached, such as a requirement to stay with the company for a certain period. The video script provides examples of joining bonuses, emphasizing how they can be a significant part of the initial compensation package and serve as an incentive for new hires.

💡Retention Bonus

A retention bonus is a financial reward given to employees after they have completed a certain period of service, typically one year. The script explains that this bonus is meant to encourage loyalty and continuity within the company, and it is another component of the CTC that contributes to the overall compensation package.

💡Performance Bonus

A performance bonus is an additional payment awarded to employees based on their individual or team performance, often linked to specific targets or goals. The video script details how performance bonuses are calculated as a percentage of the base salary and can vary depending on the employee's performance rating, illustrating the incentive-based aspect of compensation in these companies.

💡Indian Startups

Indian Startups, as mentioned in the script, are new and growing companies based in India that are increasingly offering competitive compensation packages. The video highlights several Indian startups among the companies with high CTCs, challenging the notion that only established multinational corporations can provide lucrative employment opportunities. This underscores the emerging landscape of the job market in India and the opportunities available in the startup ecosystem.

Highlights

Introduction to the video and the topic of 15 companies with packages higher than FAANG.

Explanation of the total CTC components: Base Salary, Relocation bonus, Joining bonus, Retention Bonus, Performance bonus, and Stocks/ESOPs.

Details about a program for doing a Master's in the US without GRE, saving up to 25 lakh rupees by completing the first semester in India.

Clarification that CTC divided by 12 is not the actual monthly salary; only the base salary divided by 12 after tax is the take-home amount.

Explanation of the Joining Bonus and its tax implications.

Explanation of the Retention Bonus and its tax implications.

Explanation of the Performance Bonus and its range based on performance ratings.

Explanation of the Relocation Bonus and the services or cash options provided by companies.

Explanation of ESOPs/RSUs and their vesting periods.

Details about the compensation package of Paloalto Networks, including base salary, joining bonus, and stocks.

Details about Meesho's compensation package, including base salary, joining/relocation bonus, performance bonus, and ESOPs.

Details about BNY Mellon's compensation package, including base salary, relocation bonus, joining bonus, and retirals.

Details about Arcesium's compensation package, including base salary, joining bonus, and bonus divided into 4 years.

Details about Navi's compensation package, including base salary, retention bonus, and ESOPs.

Details about PayPal's compensation package, including base salary, RSUs, performance bonus, and joining bonus.

Details about Zomato's compensation package, including base salary, joining bonus, and ESOPs.

Details about Razorpay's compensation package, including base salary, relocation bonus, joining bonus, retention bonus, and stocks.

Observation that many Indian startups offer higher bonuses but lower base components compared to some MNCs.

Advice to negotiate for a higher base salary rather than bonuses for long-term benefits.

Details about JusPay's compensation package, including base salary, joining bonus, and retention bonus.

Details about JP Morgan's compensation package, including base salary, joining bonus, relocation bonus, and performance bonus.

Details about Rippling's compensation package, including base salary and ESOPs.

Details about Walmart's compensation package, including base salary, relocation/joining bonus, stocks, and performance bonus.

Details about Cisco's compensation package, including base salary, bonus, joining bonus, and relocation bonus.

Details about Slice's compensation package, including base salary, relocation/joining bonus, and ESOPs.

Details about Myntra's compensation package, including base salary, variable bonuses, joining bonus, and ESOPs.

Encouragement to consider Indian startups for high-paying jobs and focus on development skills for specific roles.

Suggestions for applying to these companies through their websites or by reaching out to HRs on LinkedIn.

Conclusion of the video and invitation to comment on favorite companies and topics for future videos.

Transcripts

Hi guys. I'm Nishant Chahar.

And welcome back to the channel. So in today's video were going to talk about

15 such companies whose package is even higher than FAANG company.

And they're very good alternatives about which you might have not even heard about it ever.

So, without any further delay let's start the video.

Before starting the video, do like the video.

Let's keep the like target on this video to be of 4000 likes.

Alright!

So, before starting it do like it quickly.

And then we'll start the video.

And at the end of the video, do comment which is your favorite company

among them in which you need to start preparing to get in it.

And for more such videos, do comment that

on which topics do you need videos on.

Noe, let's start the video.

Now, before starting the video there are 4-5 main things.

If you've seen videos earlier then you might know & you can skip

directly on to the 1st company.

If you don't know then, there are multiple components in total CTC.

Right!

The names of those components are - base Salary.

Apart from Base Salary, we've Relocation bonus, Joining bonus

And Retention Bonus, Performance bonus and apart from that Stocks / Esops.

So, let me quickly cover them.

So, that if a new viewer is watching, then he should understand what we're going to talking about.

If you guys are thinking about doing masters from US

in computer science, then I've a very amazing program for you.

Alright!

So, you don't need any GRE in it. Fall 23 means, the course is going to start from September.

You'll be saving upto 25 lakh rupees because you'll be doing Semester 1 from India

and attending rest of the 2 semesters from US.

If you want more details about it, then you can register on the link below

for free consultation.

Now let's start the video.

Now, people have the myth that CTC divided by 12 would be coming into the account.

That is 45 lakhs to 50 lakhs, but that's not it.

Base salary divided by 12 after tax, comes into your account.

So, Base salary is the one which comes into your account finally.

Secondly, Joining Bonus.

Some comapnies provide Joining bonus, which means when you'll join the company

then after completing the 1st months, it'll give you an x amount

as joining bonus and it comes mostly with a clause

if you leave that company before 12 months or before that then

you have to return that joining bonus.

And it is also taxable that is you've to give tax on it.

Next is, Retention bonus.

Similarly, after completing 12 months most of the companies give you retention bonus as well.

That you've worked for a year in this company.

So, with the 13th month's salary you also get an x amount of money

as retention bonus.

You can assume anything, X or Y.

Similarly, it is also taxable.

And it counts into your total CTC.

Next bonus is your Performance bonus.

Performance bonus means the deliverables that you've completed

the task given to you that was completed, the way you've worked

you get a rating, right, Z, so

according to that rating, you get the performance bonus.

Generally, its between 0-20%, in some companies it is 0-10%.

So, it varies.

That how much performance you'll get and

this is on your base salary.

If your base salary is, suppose 15 lakh,

and the limit of your performance bonus is 0-20%

then you can get performance bonus from 0 lakh rupees to 3 lakh rupees.

Similarly, this is also taxable.

After this, comes the Relocation bonus.

Now, if you live in any other city, by chance your job location

is Bombay, Bangalore, Hyderabad but you live in Chandigarh.

Then to relocate you from Chandigarh to any of this city

company would be giving some amount or

it would be giving services.

Alright!

Now, companies give 2 things, often they provide services that you

they'll provide you a stay for 15 days to a month.

Apart from that, your food, car, cab all these things for that month.

Like, they'll be giving it all to you.

So that you're able to find your place to stay or a flat.

And often the companies give you cash option as well.

That you can take this cash and look all by yourself

and find your home by your own

and stay wherever you want to until you find it.

So, these are two things.

This is your relocation bonus.

Next comes your ESOPS / RSU'S.

RSU'S are restricted stock units.

Restricted Stock Units means the day you join the company

if you're getting the stocks worth 50,000 dollars

then the value of the stock that day

like let's take an average for a month

divided by that

the amount divided by 50,000

you'll be allocated that amount of your stocks.

You'll be allocated that amount of your stocks.

But there's a Restricted word in it which means

that you won't be getting that but

they'll be allocated after a particular period of time.

Generally, its been divided into 4-5 years.

And the general trend is 25-25-25-25

like each year 25% is vested.

In first year, it'll be yearly vested and after that

generally, it'll be vested quarterly, like in every 4 months or bi-yearly

each of the company has a different point of view.

But, the number of stocks would be decided.

When your stocks will be vested, the price would be according to it.

Vest means when you'll get it, you can sell them.

That is your vesting period, as here generally vesting period is of 4 years

so, after 4 years 100 % of your stocks will be vested

that you can sell.

Now let's directly start with the companies. So, the 1st company

is Paloalto networks.

The base salary of this company is 17 lakh rupees. Apart from that

you're getting a joining bonus of 5 lakh rupees and stocks are around

30 lakh rupees

which will be vested in 4 years.

Apart from this, you get performance bonus at the end of a year

that is 3.5 lakh rupees.

Alright!

So, this is your total CTC.

And you can tell about it in Comment section that how much would be of a year.

to calculate for a year, the stocks

would be divided by 4, the value of a year would be added into the CTC of first year.

and not in the total CTC.

Next company is, Meesho.

Meesho gives you 20 lakh rupees base salary.

3 lakh rupees is your Joining + Relocation bonus.

You get performance bonus of 1 lakh rupees.

And you get ESP'S worth 14 lakh rupees.

ESOP'S means Employee stock ownership plan.

Now, when the company isn't listed publicly

right, when you can't trade the stocks directly

then when the company picks up any evaluation or any new funding round

then when the value of its stocks increase

then when the value of its stocks increase

it doesn't happen anywhere in market but like internally the value of a stock is decided

in which they're being traded along with its shares.

When you don't pick up any fund then how many shares has that company taken

how much percent has that venture capitalist taken

it depends on it that how much would the value of one stock of that company be.

You can't sell it anywhere.

But, you can sell it back to the company, as it buys back.

And when we take up a new funding round

or anything the you'll get it into your increment

with that number of ESOP'S.

For example, if you're getting ESOP'S worth 14 lakhs

that would be vested in 4 years.

Then, you'll be allocated X number of stocks

in the first year itself

when you join and according to that whenever you'll leave

or you'll do anything then the company will buy it back.

And you'll get that amount of money.

Alright!

Now let's move onto the next company.

Now, next is BNY MELLON.

It has recently started hiring a lot in India, it's a bank.

And the base salary is 17 lakh rupees.

You get Relocation bonus of 50 lakh rupees.

Joining bonus of 3 lakh rupees and around 1.14 lakh rupees of

Retirals that is when you'll retire then you get some benefits.

This is around per year.

Probably, so this is its total CTC.

You don't get any stocks here.

All the financial firms or your bank firms

won't be providing you stocks be it D. E. Shaw or Goldman Sachs

In these companies, you don't get stocks.

You only get this.

Next company is Arcesium. Its base salary is 19.5 lakh rupees.

Joining bonus is of 3 lakh rupees and apart from that you get a bonus of 11 lakh rupees

that is divided into 4 years.

You get bonus of around 2.5 lakhs each year

you get these 11 lakh rupees divided into 4 years, apart from that

you've the increments and Arcesium is a subsidiary of D. E. Shaw

so as such you don't get stocks here as well.

5th company is Navi which gives you a base salary of 20 lakh

plus, you get a retention bonus of 2 lakh rupees.

Retention bonus, as I explained you at the starting of the video

if you didn't understood or see that part

do watch it otherwise you won't understand most of things.

Apart from that you get ESOPS worth 8 lakh rupees.

And that is also vested in 4 years.

Next company is PayPal.

PayPal gives you a base salary of 15 lakhs.

Apart from that you get RSU'S of 10.5 lakh rupees which is vested in 3 years.

It contains performance bonus component of 1.5 lakh rupees.

Apart from it, you get a joining bonus of 7.5 lakh rupees.

Next company is Zomato whose base salary is 20 lakh rupees.

Apart from it, you get a joining bonus of 5 lakh rupees

and stocks worth 20 lakh rupees means

you get ESOP'S of 20 lakh rupees which will be vested in 4 years.

8th company is Razorpay.

Razorpay's base component is 16 lakh rupees plus you get a Relocation bonus of 1 lakh rupees.

3 lakh rupees of joining bonus and 2 lakh rupees of Retention bonus

and you get stocks of total 10 lakh rupees which will be vested in 4 years.

Now, you might notice that there are lot of Indian startups

and most of the companies give you more than the bonus

and the base component is a little less.

Like even Amazon does the same.

It gives you a base salary of 16.5 or 17.5 or 18 lakh rupees but

it'll give you a bonus of 7-8 lakh rupees.

Now, why do they do this?

Because you get increments on your base salary every year when you get promotion or

the yearly increments that you get.

And there aren't any increments in bonuses.

So, your base salary and your joining bonus will make huge in total

you'll get a lot of benefit in first 2 years.

But the long term in your base salary is relatively less

and when you'll get increment then you'll see the difference.

So, if you've in your hand, if you're joining a new job

like, you're shifting from one company to second company

then I would suggest you to try lessening the bonus and increasing the base salary.

So that your increments lead to you to benefit at the end.

Because you need to give huge tax.

Next is JusPay whose base salary is 18 lakh rupees.

2 lakh rupees of Joining bonus & 2 lakh rupees of retention bonus.

Next company is J P Morgan.

Its base salary is 13 lakh rupees.

You'll get a joining bonus of 1.5 lakh rupees.

1.25 lakh rupees of Relocation bonus

And 2 lakh rupees of Performance bonus.

Next company is RIPPLING.

This is a very terrefic company.

It takes very good people.

Along with it, its salary is very huge means

you actually get highly paid.

So, its base salary is 36 lakh rupees plus 32 lakh rupees of ESOP'S

vesting for 4 years.

So, they've a very small team & they take very few people.

But this is when you join the company, you'll be getting this much money.

Next company is Walmart.

Walmart gives base salary worth 14.14 lakh rupees.

You get relocation and joining bonus of 2.5 lakh rupees.

Apart from it, you get stocks worth 2 lakh rupees every year for

4 years and performance bonus of 2.7 lakh rupees likewise

0-20% of the base salary.

Next company is CISCO.

Its base salary is 14.5 lakh rupees.

You get a bonus of 72.5K and joining bonus of 6.25 lakh rupees

which is divided in 2 years.

And you get a relocation bonus of 1.2 lakh rupees

as I had explained you earlier

what a relocation bonus is.

Next company is Slice.

Alright!

Slice gives you a base salary of 28 lakh rupees.

Apart from that you get a relocation & joining bonus of 2 lakh rupees &

apart from that you get ESOP'S of 6 lakh rupees that are vested over 4 years.

Next and the last company is MYNTRA.

Its base salary is 17 lakh rupees.

You get variable bonuses of 1 lakh rupees

apart from that you get joining bonus of 3 lakh rupees.

And ESOP'S worth 9 lakh rupees vested over 4 years.

So, you might've noticed that there are lot of Indian startups.

That were in this list and are paying a huge deal.

So, its not that you've to work in any foreign MNC

then only you get a lot of money.

You can also target Indian startups.

And mostly these companies aren't much focused on DSA

they also focus a lot on development skills as well.

And they hire for specific roles like front-end development

back-end development.

Or for appside development so, they also hire for specific roles

so if you're good in it then you can directly apply for them.

To apply for them, you can directly visit the website

where they have job openings available and you can apply for them

or you can reach out to HRs

on Liknedln and all.

So, thank you so much for watching this video

I hope you liked this video and was an informative one.

For more such content, like the video.

Comment down your favorite company and

we'll meet in the next video.

Till then - Bye!