Hey, I'm the co-founder of Formation and can give the company's stance on this but encourage others to share their views and experiences.
Our base case is FAANG senior and mid level engineers - people with 2 to 10 years of experience.
Some recent placements from the past 6 months we wrote up:
https://formation.dev/blog/success-story-how-drew-bartlett-landed-a-role-at-atlassian/
https://formation.dev/blog/success-story-mike-clarke/
https://formation.dev/blog/fellow-spotlight-sofie-graham-three-offers-from-faang-companies/
Of the new Fellows who introduced recently in order the last five we have:
- 4 years at Microsoft
- 4 years at Atlassian
- senior engineer at consultancy
- returning Fellow from 3 years ago: mid level / senior
- 8 years at Nordstrom
Now that said, there we do work with people more junior and during the boom times we do more often, so you would interact with more junior people in sessions and such.
So the TLDR is yes.
u/Broad-Resolution-503 wrote (the comment Michael replied to):
From Reddit, all I see is that they either graduated bootcamps or graduated recently. Maybe I look into the won't places though 😊
u/michaelnovatireplied·★ FEATURED
I commented below, but yeah it's not a "bootcamp" so happy to talk more about how it works day to day as well. But the people that have posted in here that I've seen, are people who went to bootcamps in the past and were more junior. I don't know the identifies of all of them, but the ones I can tell from their posts.
If you our blog here: [https://formation.dev/blog/outcomes-report-first-half-of-2024/](https://formation.dev/blog/outcomes-report-first-half-of-2024/), you can see we do have less experienced people (... 0 YOE can include contract work, internships, etc... so it's not necessarily NOTHING, but it's "junior".
Every single Meta placement was Senior or Mid-Level and you can see a ton of them in that post as well, and it's help boost those 3+ YOE numbers.
A senior Meta offer is in the ballpark of $500K first year TC and we have a number of those in there. Based on your LinkedIn I can estimate if you would be going for E4/E5 at Meta. E4 Mid Levels range from $220K for lowest end and $350K first year TC for the highest end).
u/whatsgucci13 wrote (the comment Michael replied to):
Does formation offer any scholarships?
u/michaelnovatireplied·★ FEATURED
We don't have any discounts right now. We have a number of ways you can pay that can help defer the cost but not outright discounts or scholarships. We occasionally have small (a few hundred dollars off) discounts for people applying via different organizations like Women Who Code and Techaria, but I don't think we have any active right now - possibly for Taro Premium members).
We have a special program we run for companies where they pay for Formation for people, but that's for current college students preparing for internship interviews.
u/KerrickLong wrote (the comment Michael replied to):
I'll ask publicly about it. I've been in tech for a decade and a half, [resume here](https://hire.kerricklong.com). I make $195k base + ~$4k bonus. I only got a COLA raise and there are no higher-level positions at my workplace. But the people are great and the work-life balance
u/michaelnovatireplied·★ FEATURED
Hi, we work with people with salaries in that range yeah. If you are making over $200K a year, at a top tier tech, you have to look at performance bonuses and stock as well. For example the typical mid level Meta engineer offer is around $330K right now but the base is like $185K and the rest is stock and bonuses At the senior level, the bases are into the $200Ks and TC around $450 to $500K.
We don't guarantee your outcome or any specific base salary but the performance based pricing is $5K upfront and the rest is $0 to $15K extra depending on the INCREASE in BASE salary so some people with high bases coming in choose that option because they don't expect to increase their salary enough to hit the $10K tier and if they do then they made so much money they'll happily pay more.
These numbers are based on bigger cities and many top companies require you to move right now. If you get a remote job, your compensation will be scaled down a bit if you live a lower cost area.
If you DM me more or just apply, we can go over more specific advice based on your more specific details.