Have worked at non-tech companies (finance) for most of my career. Currently at a FAANG-tier company.
Needless to say, the pay at non-tech companies is substantially lower than FAANG and FAANG-tier tech companies. I quadrupled my TC going from the finance industry to my current company - and finance is known to pay above average for a non-tech company. I would say the junior SWEs with <5yoe at my current company make at least as much as the staff SWE equivalents (10+ to multiple decades yoe) at my previous company (bank).
But money aside:
- The onerous bureacracy.
- General lack of respect for tech employees (you're the cost center).
- Dull/depressing office (assuming you're not WFH).
- My colleagues at the non-tech companies I've worked for were nice, great, people. I keep in touch with many of them. But objectively speaking I would say the overall technical caliber is noticeably lower than that of my current colleagues at the FAANG-tier company. For what it's worth, most of my colleagues at the non-tech companies that I felt were great technically...eventually also jumped ship for tech companies.
Needless to say, the pay at non-tech companies is substantially lower than FAANG and FAANG-tier tech companies. I quadrupled my TC going from the finance industry to my current company - and finance is known to pay above average for a non-tech company. I would say the junior SWEs with <5yoe at my current company make at least as much as the staff SWE equivalents (10+ to multiple decades yoe) at my previous company (bank).
But money aside:
- The onerous bureacracy.
- General lack of respect for tech employees (you're the cost center).
- Dull/depressing office (assuming you're not WFH).
- My colleagues at the non-tech companies I've worked for were nice, great, people. I keep in touch with many of them. But objectively speaking I would say the overall technical caliber is noticeably lower than that of my current colleagues at the FAANG-tier company. For what it's worth, most of my colleagues at the non-tech companies that I felt were great technically...eventually also jumped ship for tech companies.