[superdug]

The mantra to elaborate is "Up or Out" because at that salary level you have more options available to you as well. You actually know that you can, at any time, quit your job and find another one at a marginally lower or usually the same salary as you're currently making. So if you don't go up in salary, you get out. Generally you start to plan your exit with that salary increase in mine. Every recruiter wants to know they can make you more money, don't lie, tell them "Here's what I make now, and I'm currently employed at that level". Then bounce when the bullshit to money ratio reaches its limit for you.

[kodah]

> The mantra to elaborate is "Up or Out" because at that salary level you have more options available to you as well. You actually know that you can, at any time, quit your job and find another one at a marginally lower or usually the same salary as you're currently making.

Personally, I don't think this is true as companies or people think it is.

[Supermancho]

Skills+personality fit (tech interview marathons, ad nauseum) into a finite number of companies, roles, teams, expected compensation. WFH isn't quite ubiquitous, so many individuals still have to worry about location, as well. The funnel begins to narrow as you get older and more skilled. The tyranny of the corporate pyramids.

[superdug]

I've never gone more than 12 business days after an abrupt exit in the three times I've convinced myself to do it. That being said one should _always_ keep their employment options open (and available).

[jgalt212]

> at that salary level you have more options available to you as well

Maybe, maybe not. Most of the out people I know from I-banking, never once achieve the stature that they previously held at their last up or out position.