Would it be better to leave as a Mgr or wait till Senior Manager from B4 in risk & compliance? Found out my peer at the same rank and experience level makes $40K more than me and the promo to senior manager will likely be delayed at minimum for 1 year

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Sounds like you may be viewed as a low performer, at least compared to your peer. I’d probably consider leaving now because I don’t think the SM promo is guaranteed. Probably want to take advice from someone more experienced than me, though

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