Related Posts
Screw CFA lol
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Screw CFA lol
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Download the Fishbowl app to unlock all discussions on Fishbowl.
Copy and paste embed code on your site

Scan your QR code to download
Fishbowl app on your mobile

Most of the time you have to change jobs or get a promotion. No firm will just give an existing Senior more money based on market rate alone.
This has been a problem for decades, but there aren’t a lot of people staying at senior. As a result, this problem kind of fixes itself when people get promoted.
This is why many people will change jobs every few years, to avoid the salary compression issue. For many people, to get the bigger pay bump (over the annual merit pay increase), you will have to chase the promotion or pay raise by getting a job at another company.
Longevity at one company will, more than likely, cost you money in the long term.