Difference in exits between L1 and L2?
If you’re at MBB, you get a significant title and comp bump from Y2 to Y3 when you get promoted from ACI/A/BA to AC/C. Provided you get that far, is there also a significant bump in the title/comp of exit opportunities available? Or does it not really matter all that much and you have to wait until you hit manager/PL to really experience it.
Bump
I’m at a T2 but get pretty frequent corporate / PE recruiter outreach. Big bump in outreach frequency actually occurred after 2 years (so from BA to Sr. BA) - my guess is the first promotion is the big signal that you’re doing ok in the job. The second promo at 2.5-3 years hasnt changed the rate of outreach at all.
Yep at 2 year promo to senior is when the exits get a lot better as you have the stamp of approval from your firm that you are competent and good at the job
The promo is more of a signal (and a good comp negotiation lever). Because you have a higher comp, companies will need to offer you more to lure you in. Unfortunately, because the recruiter doesn't know you, they rely on 'signals' on your resume to get a sense of who you are. Here is what a recruiter might think when seeing a resume with the following tenures. Obviously this is a generalization, and how you tell the story is more important:
Less than 1 year tenure: 'what happened that he's looking so soon? Is he going to leave my company after 1 year?'
1 - 2 year tenure: 'he tried it, he wasn't awful at the job, but must not have liked it or wasn't a great performer'
2+ years with promo: 'he has the consulting toolkit and was a solid-strong performer'
Rem qui rerum aut atque perspiciatis velit. Eos nesciunt et voluptatibus rerum sit veniam dolorem. Sit sint qui accusantium nostrum explicabo est aut. Quis omnis perspiciatis fugiat. Dolor cum sint et numquam sint voluptas eaque. Nisi nemo sed iste.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...