FAANG (Facebook, Amazon, Apple, Netflix, and Google) are some of the world’s most well-known and largest technology corporations. FAANG stands for the five largest and best-performing American technology businesses, and they’re fantastic to work with for a variety of reasons.
In the year 2013, Jim Cramer, a TV broadcaster and co-founder of The Street.com, was the one who first invented the phrase “FAANG.” Previously, it was FANG, which represented four tech stocks other than Apple, and since then, all four firms have had triple-digit growth since 2015 and will continue to do so in the future.
These FAANG companies have enormous ability to influence the stock market because they account for 15% of the performance which has a significant impact on the total market. FAANG stocks can be purchased through ETFs that focus on the tech industry. Amazon spent the most money on research and development in 2018, according to Statista, with $22.6 billion.
R&D enables businesses like Amazon to remain ahead of the competition and plan for the future. The United States is the world leader in R&D spending.
The tech sector has grown in importance for investors over time. Tech equities are now the go-to investments for adding capital appreciation to your portfolio. FAANG stocks are well-developed enterprises with a lot of room to grow.
How to grab a job in FAANG companies?
First and foremost, one must concentrate on honing the soft skills required to be hired by a FAANG organisation. Ability to think outside the box, problem-solving skills, expertise in solving algorithms and data structures, teamwork, coding competition expertise, contribution to open source projects, brainstorming, ability to improve solutions, grasp information quickly, and organise one’s thoughts are all important qualities that FAANG companies seek in a candidate.
It differs from company to firm; to learn more, read blogs about it. For an entry-level or lateral position, there are usually three to seven rounds of interviews.
Your resume gets shortlisted by the recruiter in this step, which is also the hardest to crack. An applicant must make their CV stand out to get the attention of a recruiter.
3. Technical examination
Data structures and algorithms are the concepts to concentrate on. Compelling programming would be beneficial in overcoming difficult difficulties.
4. In-depth interview
There are two phases to the interview: technical and HR. Technical interviews can be aced by putting in more coding and problem-solving time. Candidates would benefit greatly from the numerous courses. Candidates will have to defend their value to the firm in the HR interview, as well as why they are the greatest match for the post.
Prospective applicants can prepare for all rounds of interviews by using these tips and strategies. FAANG hopefuls who prepare thoroughly will find the admittance procedure easier and will be able to keep ahead of their opponents.