The work environment helps employees advance their careers and grow in their personal lives. Spotify ranks highly when it comes to employee satisfaction. It has offices in Amsterdam, Berlin, Brussels, Helsinki, Madrid, Mexico City, Milan, New York, Oslo, Paris, Singapore, Stockholm, Sydney, and Warsaw. Spotify employs over 1,400 people worldwide, with annual revenue of $4 billion. The company is serious about reimbursing artists based on the number of times their music is streamed, so ads are a necessary part of the business plan. The main difference between the two is the presence of advertisements.
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You may choose to stream songs for free or pay for premium access. There are two ways to access Spotify’s services. Daniel Ek and Martin Lorentzon founded the streaming service in 2006, allowing customers to access songs via a home entertainment system, tablet, laptop, or smartphone. It also offers its own exclusive content. Spotify is a Swedish company that streams music, podcasts, and videos via licensing agreements with record labels and media companies.
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Glassdoor reviews from the UK in the last few months have all been glowing, praising their “great work life balance”, “relaxed atmosphere” plus a “ work from anywhere policy.” Crunchbase also reports they currently have 120 active technologies used in the company, a very impressive amount compared to Meta's 16 and Goldman Sachs' 36.
Spotify hired ML engineering manager Chetan Prabhu who spent two years at Citi and three at AmEx in the distant past. There are fewer ex-banking engineers at Spotify in New York where the average engineer pay is $161k, plenty more than Morgan Stanley’s average of $125k. It’s understandable why some might make the move. The average salary for an engineer at Spotify in London is $80k ($96k) according to Glassdoor, compared to $68k for Morgan Stanley. It’s worth noting that the vast majority of these hires are all within the UK. Spotify's other recent engineering hires include Riddhi Kasliwal from the hedge fund Millennium and former Morgan Stanley engineer Fiona Stanley. He’s not the only recent banking hire either Xavier Seneque, an engineering manager working for Spotify in Edinburgh, spent over 5 years as a VP at Morgan Stanley before making the jump in September. One of Spotify's most recent acquisitions is Theodoros Mathikolonis, who left NatWest to join the music streamer as a senior data scientist in London.
What you may not know is that some of the people behind Spotify have joined from banks just like yours. Its 454 patents and 96 trademarks, according to Crunchbase, are not put to waste. The app is well known for its tech, particularly how it handles data from its 456 million monthly active users. If you’re reading this on the train, on the way to your banking job, chances are you’re listening to Spotify too.
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