Re:What the interns have wrought, 2020 edition
by fractionalhare on Tuesday August 25, 2020 @12:21PM
(#24272979)
The tech up-or-out only continues until the career (or "terminal", if you like) level. Usually that's L5/E5 or equivalent at FAANG.
It's somewhat different in finance, because firms like Jane Street don't have "levels", as it were. There are individual contributors and managers, but to the extent you get a promotion, it's only increasing your scope of work for more money. They don't have well established ladders like FAANG.
But you might be right that the involuntary attrition is equivalent on a percentile basis; that I honestly don't know off the top of my head.
It's somewhat different in finance, because firms like Jane Street don't have "levels", as it were. There are individual contributors and managers, but to the extent you get a promotion, it's only increasing your scope of work for more money. They don't have well established ladders like FAANG.
But you might be right that the involuntary attrition is equivalent on a percentile basis; that I honestly don't know off the top of my head.