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A general question. For how many years of experience - lead engineer position is given in SocGen ? I know it depends on performance but have seen employees with 7+ yrs get lead position while someone like me having almost 8.8 years was still given the role of Specialist software engineer.
Joined SocGen on March 16. Société Générale
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What’s the point of it all?
Anyone else having one of those weeks?
Not sure what these terms mean? Income partner vs Equity partner?
I’d start looking at industry opps if I were you. EP handcuffs you to the firm and in this crap recession that’s a lousy situation to be in.
Thank you
At my firm there was a 10 year vesting period for new Partners and Managing Directors that meant once you were promoted to that level, you had strong incentive to stay for that full period. With this in mind, and mandatory retirement ages at the back end, I was given advice that the financial incentives meant you should be an equity partner by age 46. Otherwise, the non-equity MD path would be better choice. Does the structure at your firm sound similar?
Nothing at all. Just trying to see if it’s worth it! It’s 3 years to IP another 3-4 to EP
If that’s what they mean. I’d say just stay with it as long as you like it. It really depends on the firm and the comp package.
I assume income partner = non-equity partner?
If that's the case, what does the timeline to make non-equity partner look like? What about from non-equity to equity partner? I assume that would be equivalent to a D>MD>P trajectory.
Does your firm or other Canadian firms you're looking at have a mandatory retirement age? If it's, say, 55, I would be leery of pushing for P if you have a 3-5 year expectation at D and MD levels before making P.
I mean, sure, you possibly *could* make P at 50, but I would question the financial calculus of making it only 5 years before retirement.