I joined a company 6 months after past lives in investment banking and consulting. While in professional services, I found that promotions came quickly, largely facilitated by the amount of turnover above me. Now that I'm working (and loving) corporate life, I find myself in new territory. My company has little turnover in the senior ranks, so I'm starting to wonder if/when I'll get a title bump next and what I should be doing now to encourage it.
Perhaps a little information might help the discussion.
The outstanding questions:
(a) Am I right to hope for a promotion to Director in the next 12 months (while still remaining in my current function)?
(b) Besides overdelivering on my responsibilities, is there something I should do to encourage such a promotion?
- 31 years old
- 4 years experience in capital markets
- Wharton MBA
- 2 years with McKinsey
- Currently 6 months into strategy role with publisher (a job that I love)
My current position:
- Currently a Manager reporting to EVP Strategy, with dotted line to CFO
- I, alone, am the Strategy department, with no direct reports (just lots of people within the company who help me in their spare time)
- I spend most of my time working on analysis and board documents for the CEO and leadership team
- Despite my "Manager" title, I get the impression that I'm paid like a Director. If promoted, I would not expect a raise (but would qualify for a company car allowance).
- Feedback to date has been uniformly positive (I have to beg for constructive feedback)
- HR and my EVP have been great about rewarding me with intangible perks (e.g., trip to big industry conference, inclusion in Director-level management development program, seat next to parent company CEO at off-site dinner, chance to present to parent company board of directors next month)
- When I interviewed for the role, HR suggested that I would serve this function for ~2 years and then have the chance to move somewhere else in the company. Now that I am on the inside, however, I can see that people are quite comfortable in their Director/VP positions.
If there isn't an appropriate role for me to take on after 2 years are up, then I'll be looking for a new gig. I think this search would be helped along if I were promoted at some point between now and then. I may be wrong, but I would imagine being received better by interviewers if I'm a Director vs. a Manager.
Any thoughts? I really appreciate any insight you may have to offer - no need to sugar coat!