McKinsey & Company Bain & Company Every industry is basically up or out and there are limited spots for partners/MDs/CxOs, where are the rest of the people?Stuck at a level for a long time?McKinsey & Company Bain & Company Boston Consulting Group Google Facebook (Meta) Amazon

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You don’t… out…people unless there’s a recession and a cost cutting exercise is triggered

You don’t…up…people unless someone retires or it’s a growing part of the business (US ops of most F500 aren’t growing meaningfully above GDP)

You just… chill…clock in clock out.

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I do believe that applies to traditional industries as they don’t grow as fast, this not possible to offer crazy comp growth (may be not tech, tech comp goes up mostly by rsu and jumping ships)

Not every industry is up our out. Outside of client services, many corporates enable their people to perform and stay

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Most industries are not up or out. And yes, people reach non-CXO terminal levels and stay there for decades. It’s a foreign concept to consultants.

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That’s how the world works. People get their 2-3% every year after a certain stage and live their lives

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Most industries aren’t up or out.

Google is the epitome of rest and vest

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OP seems to very confused that people can live off of a stable amount of money that increases with inflation…

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Yup, I would say consulting is the exception to the rule here. It's the only place where up or out concept applies.

People wind up in the same role for a decade or two. It seems more common nowadays that people lateral around the same company every few years, even if they dont get promoted, rather than stay in the same position for 15 years.

even if it is around the same company, I doubt there is a big jump in comp

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