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02-07-2021, 10:27 AM
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Quote:
Originally Posted by Unregistered
Thank you. Yes, it might be hard to justify getting another 3k per month in exchange for much more stress and responsibility. Although it might be good from a career advancement standpoint.
Just a side question though, do all fresh grads eventually hit SM after say ~10 years, assuming that they do actually stay put for that long? And if not, what do you reckon might be the proportion of those who actually make it to SM from fresh grad?
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Nah avg years to hit SM range from 12-15 years. 8 years is for high flyers.
Most ppl get stuck/leave after M and some SM.
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02-07-2021, 12:42 PM
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Quote:
Originally Posted by Unregistered
Nah avg years to hit SM range from 12-15 years. 8 years is for high flyers.
Most ppl get stuck/leave after M and some SM.
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Lets say you are the worst performer ever:
Analyst 3 years
Consultant 4 years
Manager 5 years
SM
Total: 12 yrs
That's about right.
Lets say you are average in the track that takes every level:
Analyst 2 yrs
Sr analyst 2 yrs
Specialist 3 yrs
Assoc manager 3 yrs
Manager 3 yrs
SM
Total: 13 yrs
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02-07-2021, 12:53 PM
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Quote:
Originally Posted by Unregistered
Lets say you are the worst performer ever:
Analyst 3 years
Consultant 4 years
Manager 5 years
SM
Total: 12 yrs
That's about right.
Lets say you are average in the track that takes every level:
Analyst 2 yrs
Sr analyst 2 yrs
Specialist 3 yrs
Assoc manager 3 yrs
Manager 3 yrs
SM
Total: 13 yrs
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What you have shared for both tracks is for an average performer. Not the worst performer.
If you’re the worst performer, you’ll be stuck at your particular level period. You wouldn’t even be promoted to manager (maybe up to consultant/assoc mgr at best)
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02-07-2021, 01:28 PM
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Average performer can hit SM at 12 years (mid 30s).. the base would be about 15k at that point.
That puts them at about top 10% of taxpayers in terms of income percentile. That's pretty good for just being.. "average"?
Quote:
Originally Posted by Unregistered
Lets say you are the worst performer ever:
Analyst 3 years
Consultant 4 years
Manager 5 years
SM
Total: 12 yrs
That's about right.
Lets say you are average in the track that takes every level:
Analyst 2 yrs
Sr analyst 2 yrs
Specialist 3 yrs
Assoc manager 3 yrs
Manager 3 yrs
SM
Total: 13 yrs
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02-07-2021, 01:56 PM
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Quote:
Originally Posted by Unregistered
Average performer can hit SM at 12 years (mid 30s).. the base would be about 15k at that point.
That puts them at about top 10% of taxpayers in terms of income percentile. That's pretty good for just being.. "average"?
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Yup. Below avg performers can’t even touch SM.
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02-07-2021, 02:16 PM
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Quote:
Originally Posted by Unregistered
Average performer can hit SM at 12 years (mid 30s).. the base would be about 15k at that point.
That puts them at about top 10% of taxpayers in terms of income percentile. That's pretty good for just being.. "average"?
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Only problem is, how many people can tolerate consulting lifestyle for 15 years?
It's easier to start in industry MNCs or govt sector, gain 10 to 12 years exp, then enter directly as SM.
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02-07-2021, 02:55 PM
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Quote:
Originally Posted by Unregistered
Only problem is, how many people can tolerate consulting lifestyle for 15 years?
It's easier to start in industry MNCs or govt sector, gain 10 to 12 years exp, then enter directly as SM.
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If you can’t handle consulting at the lower levels, what makes you think you can handle the pressure at the top (multiple projects/account mgmt)?
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02-07-2021, 04:41 PM
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Quote:
Originally Posted by Unregistered
If you can’t handle consulting at the lower levels, what makes you think you can handle the pressure at the top (multiple projects/account mgmt)?
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Rofl he probably think can enter means ok already.
Can enter is 1 thing. Can survive the hectic lifestyle and exceed expectations enough to not be laid off is a different thing.
Nowadays clients really cannot fluff them. They are technically proficient and most of the time way smarter than any of the consulting people. You may ask, then why need hire acn? Well the clients have their BAU duties, no time to manage small teams to implement or integrate anything else.
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02-07-2021, 04:44 PM
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Quote:
Originally Posted by Unregistered
What you have shared for both tracks is for an average performer. Not the worst performer.
If you’re the worst performer, you’ll be stuck at your particular level period. You wouldn’t even be promoted to manager (maybe up to consultant/assoc mgr at best)
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I think what he meant was the 'worst' of the average performers. Not the worst people in the firm who would probably be fired already.
Most people cannot make it to manager that is true. For people who stayed, especially in the fast track, they usually get manager after a total of 5-6 years. Again this is back to the 11 year timeline to MD which they base it off. Not so much in sg but it is still the base guide to determine who should be up or out.
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02-07-2021, 04:55 PM
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Quote:
Originally Posted by Unregistered
I think what he meant was the 'worst' of the average performers. Not the worst people in the firm who would probably be fired already.
Most people cannot make it to manager that is true. For people who stayed, especially in the fast track, they usually get manager after a total of 5-6 years. Again this is back to the 11 year timeline to MD which they base it off. Not so much in sg but it is still the base guide to determine who should be up or out.
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5-6 years mgr? 11 years partner? Tell me, how many people who enter as fresh grad attain this? 1%?
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