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.