Thread regarding State Street Corp. layoffs

Is getting promoted worth the effort ?

I’m very focused on getting promoted. I'm doing the best I can. On the other hand, there are many who tell me that maybe it's best to give up on that idea because even if I manage to get promoted, I will just get more work and nothing more. I find it hard to believe this, but if that's the case, I am quite disappointed.

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Post ID: @OP+1eUfEQ25

9 replies (most recent on top)

In the short term, my promotion to VP was worth it. I earned it and was proud of it. After a re-org and a new SVP, the title left me with limited options and lots of hollow corporate expectations. It also meant many years of 0% raises. I wish I remained a hard-working, individual contributing AVP.

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Post ID: @5yme+1eUfEQ25

Yes, after 2002, OPT is extended to 3 years.
So every foreign students got 9 years to work in US. (3 Years of OPT + 6 Years H1B.)

If there are 1 billion working age people in Asia, each with 9 years.
I guess that is our promotion

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Post ID: @5pcg+1eUfEQ25

Yearly raises and bonuses used to be good for all workers until 2002 .
When the madness of cost cutting started, layoffs, going 2 to 3 years with no raises or bonuses.
And sadly as time went on things only got worse.

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Post ID: @4nht+1eUfEQ25

With my experience in STT for over 10 years, the answer is no. I got promoted to VP some yeas back, but my pay and bonus has basically not changed since then. By the way, my pay is over 10% below the average for the title showed on glassdoor for STT. Also, I have to take a lot more responsibilities since the promotion.

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Post ID: @4nwh+1eUfEQ25

With my experience in STT for over 10 years, the answer is no. I got promoted to VP some yeas back, but my pay and bonus has basically not changed since then. By the way, my pay is over 10% below the average for the title showed on glassdoor for STT. Also, I have to take a lot more responsibilities since the promotion.

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Post ID: @4qsy+1eUfEQ25

Working hard and receiving a promotion will always be a good idea no matter where you are. It will come with more responsibility, pay, networking and better opportunities elsewhere..

With that said I wish people would accept we are in a different world today. Working for one company for life is not in people's best interests anymore. It stifles learning, advancement, opportunities-and as a result earnings. I see many people working here who stay in the same role for 15-20 years. If you really look at it-and them-that role is all they know, their opportunities elsewhere are very limited especially in such a technology dominant-fast paced world. In order to keep learning, growing: work your hardest, give your best, commit to learning, growth and challenge everywhere you are, but realize that maybe movement will ultimately help you the most over your career.

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Post ID: @jcn+1eUfEQ25

Go for it. You are ambitious. You will eventually get disillusioned on your own, hopefully by then you will find a new job only for the cycle to begin again. I am at the tail end of my career so I have given up because the more you do , the work you will be given but I am found you are not compensated accordingly. I wish you luck though.

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Post ID: @hyk+1eUfEQ25

Go for it

Because if you do not - some H1-B worker will aim to take it, because It is faster to apply green card with a manager title.

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Post ID: @oef+1eUfEQ25

Welcome to reality at most companies these days. Best way to get promoted is to find a higher paying job somewhere else

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Post ID: @eae+1eUfEQ25

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