Is job hopping still the fastest way to grow comp in finance? I think it works short term, but depth at one company builds credibility you can’t fake.

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In general, yeah. All bets are off right now though. This is a weird market.

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Good to know

It depends. If you're in front office and working in banking, just keep going until you hit resistance. It's a very straight forward model where you will move up every 3 years if you do adequately. I'd say investment banking is the best bang for the buck on a risk adjusted basis for someone of average to above average intelligence to have a comfortable upper middle class to affluent lifestyle.

For corporate roles, historically hopping has been the best way to do it. But some firms are better than others and some people are in better spots than others. You might be well compensated on teams where they recognize that you're doing well and pay you accordingly. That tends to be more for the rock stars but some folks have spent 15 years at one place and moved up in or across the org every 2-3 years.

This market is strange though. No one is leaving their jobs. Many are getting let go which creates a feedback loop of a tight market.

That’s based on the company. A halfway decent one is worth sticking around for a while. Get the progression, better title, then get out for more money if you need to.

Makes sense

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For FP&A no doubt

Good point

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