Long time lurker, but I've had an event at work happen and would like to hear what others would do. I work in a GSE underwriting/production role
In the late fall of last year, my manager of 3 months was let go. I wasn't sure of the reason, just that my big boss asked me to cover my offices until they came to a solution. I was an analyst doing the job of two people, both the manager and analyst. I got great experience and spent a long time in this role, with consistently being told that I was right where I needed to be. Early in the summer, I was promoted to "Senior Analyst" and given a slight raise. It was this time, I was told again by the person in charge that they were looking to hire a manager and that I was on the fast track to becoming manager. My interpretation of this meant "keep up the good work and you'll get recognized around the end of the year." Fast forward to today, I just found out they hired a new person that would step in above me as the new manager and it was my job to get him going/up to speed.
I am not really sure how to react, from my perspective...I spent considerable time working as the manger doing the job, while getting paid as an analyst. Now I've not only been relegated back to being an analyst, but there is no longer a clear path to being promoted until a new spot opens up (aka someone leaves). This feels like an insult as someone who's already been an analyst for 3.5 years and I'm not sure what to do. Stay here and spend another 1-2 years waiting? Leave to go somewhere else? Right before shit hits the fan, with hopes to get a title bump and a raise? Most recruiters seem to only target me for analyst positions, but you'd think as someone with a masters and almost 5-years of CRE experience, shouldn't be an analyst for more than half a decade just before getting promoted.
How would you react or what would you do? I was tempted to go elsewhere, but everyone I talk to wants me to stay cause they'd hate for the company to lose me.