At small companies you are working your ass off, and sometimes you'll get something in return - but mostly you'll just get a thankyou from some C-level or founder dude.
At FAANG I was getting a decent salary raise year after year (and a bigger bump through a promotion).
Of course they say it was 10% because of the way they take stock into account.
Not totally unfair, but still a kick in the pants when the bonus runs out and you see a thousand dollars a month less in your bank account.
After all of the above though, I would put 2-3 years in at a FAANG and then do whatever the heck I want.
(First time I heard of it; had to look it up)
It's an odd collection, the others are tech giants yet there's no microsoft and netflix thrown in. Netflix is big but it's not Apple big.
edit: and they are ahead of google in market cap again. Been going back and forth for the last little while.
Judging by http://enwp.org/Largest_companies as of right now, the order should probably be AGMAF (Apple first) instead.
This seems hard to keep accurate.
Funny, it seems to have been coined in the US but I think I have seen it more in UK news sites.
You gradually accumulate authority and responsibility over time. Payrises happen when you manage to convince the owner you need more money, rather than on a HR-managed pay scale. Eventually you'll get a new job title that reflects your current role.