How long can one stay at SVP/Director level?

Had a conversation few days ago with a guy who joined his firm 13-14 years ago as post-MBA associate but is still a director. Was curious why he was still D(SVP), but didn't want to be rude so didn't ask on the spot. 

How long can one stay at the SVP/Director level before being shown the door?

Can one turn down a MD promotion and stay at D level if he/she wants to?

5 Comments
 

Totally depends on the firm. Generally if you've been kept on at that level despite not having brought in business, it's probably because the firm recognizes your execution / leadership abilities with more junior bankers. However, there is a point in time you become a cost rather than an asset to team given you'll likely be seeing/want to see increases in comp which don't really match your value. Once you hit this point it's fair game and a matter of time before you're let go

 

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