What’s the deal with software engineers/business analysts with 20 years of experience still in an individual contributor role with 10+ years at their current company?

I work with a lot of people in IT that seem to not only stay at the same bank for 10+ years but don’t change jobs/titles. I doubt their salaries have even kept up with inflation. Why do so many people seem to stay at the same employer with the same job?

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Less stress. You know your job, your team, the expectations. You’re respected as a SME. You don’t have to go and prove yourself all over again.

My dad was like this and I didn’t understand it until I had a family (I’m not like this, but I get it now). Moving up requires more time commitment, and until you’re near the top there’s a lot of risk too (since you’re so expensive). Do I want an extra 10 hours/wk to spend with family now? No, but when my kids are old enough I’d like to be active in their lives, so there will come a point that I too will say that my level is high enough.

Top IC roles at tech companies top out at ~$450k total comp, and at Fortune 500 companies a highly paid engineer could probably get a total comp of ~$200k.

Of course being in the exact same role at the same company for a decade will put you in big trouble if you get laid off (outdated skills). But the money is still pretty good.

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