3 ms·
> Both saw a limit on the time someone could be at the company and still be promoted. this is called "up or out", maybe 10-15 years ago my little sister had th
by chasd00 2y ago
> Both saw a limit on the time someone could be at the company and still be promoted.
this is called "up or out", maybe 10-15 years ago my little sister had this same setup at Mckinsey but she's not there anymore. The idea iirc was if you haven't been promoted in 2-3 years then you're better off leaving and trying somewhere else so you get let go. I haven't heard of that setup in a long time.
- throwaway7ahgb 2y agoTech companies usually have terminal levels. Meaning "up or out" exists, but once you reach Senior or Staff then it is ok to stay at that level indefinitely.
- ghaff 2y agoAs I understand it, it's mostly a reflection of partnership structures at big law firms and consultants. At some point, you become a partner and bring in new clients or... there's a limited need for super-senior associates that mostly do billable hours and expect increasing salaries.