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re: 5 Years Outlook For A Given Career
Posted on 8/17/15 at 3:29 pm to AUtigerNOLA
Posted on 8/17/15 at 3:29 pm to AUtigerNOLA
quote:
If you haven't moved up in your 5th year with limited opportunities to do so, then its time to move.
Posted on 8/17/15 at 4:20 pm to TigerRob20
A promotion every 2-3 years is reasonable early in your career. Of course, this slows down a little as you get more senior in an organization but it should never be 5 years in the same position.
If you are looking to maximize your salary, then you have to change companies (with the exception of a few, forward thinking companies or a special boss).
Most people advancing quickly early on do something like this:
- Position 1 for 2 years
- Promotion to Position 2 (+15% salary bump), stay for 1 year
- Leave Company 1 for Company 2 and either (A) Stay in Position level 2 (+15% salary bump for changing company) or (B) promoted to Position level 3 (+25% salary bump for new company and new title)
Position 3 roughly begins the start of middle management so the key is how you get from Position 3 to Position 5 because there is likely a hundred-plus thousand dollar difference in salary between them.
Just my $0.02. Naturally, this is a broad generalization so there will be many exceptions.
If you are looking to maximize your salary, then you have to change companies (with the exception of a few, forward thinking companies or a special boss).
Most people advancing quickly early on do something like this:
- Position 1 for 2 years
- Promotion to Position 2 (+15% salary bump), stay for 1 year
- Leave Company 1 for Company 2 and either (A) Stay in Position level 2 (+15% salary bump for changing company) or (B) promoted to Position level 3 (+25% salary bump for new company and new title)
Position 3 roughly begins the start of middle management so the key is how you get from Position 3 to Position 5 because there is likely a hundred-plus thousand dollar difference in salary between them.
Just my $0.02. Naturally, this is a broad generalization so there will be many exceptions.
This post was edited on 8/17/15 at 4:24 pm
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