If you stay until manager or senior manager do you price yourself out of most exit opportunities (especially in small-ish markets)? Should this be taken into consideration before staying "too long"?

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Likely yes. You will problem have to take a pay cut at a senior manager level

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Thanks everyone. I appreciate your input.

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Factors to stay long depends on what you want to get out of the firm. Get the experience of manager and Sr mgr. once you have that experience the market treats you well, including the small once. The down side with the small ones is that you will be part of marketing and expected to bring business to fund your big remuneration, no business, no you.

Hasn't been my experience. If you're good then you tell them (within reason) what you want to make and I've seen it go well. That said, if you become a 3-4+ year senior manager then it's a different story unless you're able to swing a solid director role. I'm talking about Midwest (not Chicago).

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