Career Progression beyond Post-MBA AssociateO
There seems to be little conversation about the possible career progression once someone has filled the role of Post-MBA associate for 2 or 3 years. I believe it goes something like VP to Principal to Partner. What I've heard is that the progression to Partner is not like banking where someone is likely to work there way up to MD at the same firm. Is it true that in order to make Principal or VP someone would likely need to assume a role with a portfolio company or startup for some time? I'm not specifically speaking about Mega-funds and am more interested in the middle-market. Any ideas?