Facebook appears to be hiring. A lot. If a recent article in Bloomberg is to be believe, by an eye-popping amount:
Facebook, which reported Wednesday that sales fell short of estimates, passed the 10,000-employee mark last quarter. With a total of 10,082 at the end of March, Facebook increased headcount by 48 percent compared with the same time last year.Forty-eight percent is an eye-popping number. Google doesn't report earnings until Thursday, but the company, which has been frequently questioned about its fast pace of hiring, grew only 12 percent last year.
Many will be able to point to several high profile acquisitions by Facebook as a plausible reason for their growth in personnel, however this does not appear to be the whole story:
Wehner said Facebook's high headcount growth over the last year was somewhat "inorganic" due to several large acquisitions, citing Oculus, LiveRail, and WhatsApp. That doesn't really tell the full story. Those companies were tiny when Facebook bought them. Oculus was less than two years old with about 75 employees when Zuckerberg agreed to acquire the virtual reality goggles startup. LiveRail, an advertising company, had 170. WhatsApp, the $19 billion messaging wonder, had 55.
This all suggests that Facebook is simply trying to get their hands on as much talent as possible for future growth. Certainly a good sign for the future, especially if you want to work there sometime.
What do you monkeys think? Would you give up on finance for Facebook if the opportunity presented itself?
If they're willing to train from the ground up someone without a CS degree...sure!
I haven't even written one line of code, but what guides should I read to ace my interview with Facebook OP next week?
Unfortunately finance people aren't smart enough for this.
and...what makes you say that? there are plenty of people who didn't graduate with a stem degree and work in software engineering and web development. Nowadays DIY learning and self-teaching has become pretty popular as well as sites that offer video courses such as coursera.
I don't think it's a matter of intelligence but a matter of dedication and hard work just like in finance.
i think there's some jobs for profiles with both CS and Fin?
According to a friend, FB's salary is very competitive, with a 50k sign on for undergrads.
Facebook pays more than investment banking. ~$150K 1st year. Plus you have the upside to get promoted quickly (make ~$250K in a few years) or move to a startup and get it sold.
I thought otherwise, but I may be wrong. I frequently am. But can't you make between 160k and 200k as an analyst straight out of college? And then as an associate (3yr's later, age 25/26) you can make $350-400K?
Were your above comments all-in or were you talking base only?
I meant 1st year out of college. And associates do not make $350-400K in their 1st year either.
FB's sign on is actually $100K cash for devs. Good RSU package as well, on top of $100-$125k base. Still not a huge company today, with under 10k employees I believe, but hugely profitable.
Quit finance to work for FB doing what? Coding? Jesus christ no I'm not fucking smart and definitely can't do math. Finance? Fuck no. Something else? No you have to creative/artsy/hipstery.
Surprised how some finance people got butthurt over my comment. It was a dumb thread to begin with. Just to show how thin-skinned some morons are.
coding and finance require very different personalities and lifestyle preferences
Right so if absolutely NOTHING works out for me in finance, I should just apply to Facebook, where I have much better odds of making it.
Guys, what's the best group at FB in term of exit ops???
Should I network with the Instagram guy and send them a few filtered selfies or should I drop an emoji to the whatsapp guys??
actually just swipe right on the tinder guys and don't forget to update your profile on match.com
It would be interesting to know the positions they're hiring in such great numbers. I don't follow FB much but their actual tech doesn't seem very impressive (maybe it was when it was new but it hasn't changed a ton since) and their core business, the site and app, doesn't seem like it needs too many programmer/software types. I know some of their acquisitions require more tech development but I wonder if the HR expansion is more biz dev, strategy and support roles like accounting than it is for hardcore techies. I could be totally wrong though, I'm not much of a tech person.
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