I have heard from friends and seen that at many BB's A2A promotion happens almost exactly at 2 years. Is this an accelerated promotion timeline? My bank seems to wait till the end of three years to promote to Associate. Is it better to move to a firm that has faster promotion schedules? Why are some banks promoting so early right after the end of full 2 years?
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Banks promote earlier to compete with the step up in comp from PE. A good analyst with PE offers would be taking a haircut at A3 salary, promoting immediately to Aso brings comps in line. 2 years is becoming SOP for retention
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