Hi fellow humans!
Firstly, thanks for chancing upon this post and I hope you are staying safe amidst the pandemic. I’m not sure if anyone has/had been in a similar situation but I would appreciate any guidance or experiences.
I (30M) have been hustling at my current firm (in Asset Management) for a good 3 years as an Associate. Throughout this period of time, I’d like to think that I’ve sweat, and bled pretty hard to climb the corporate ladder at the expense of putting everything else aside like health and family.
Some examples include (i) taking only ~5 days of PTO in culmination, (ii) letting my senior managers take credit for my work (as I felt that was most apt being the most junior staff in the team and trust that my managers would push my case up for promotion), (iii) clocking 60-70hrs weeks (which is relatively high in AM firms’ standards, I believe)
So long story short, our appraisal review had concluded recently and I was beyond words when my Business Head told me that I had to buck the f*** up for not taking enough initiative and I realised that I was getting zero recognition for all the work that I’ve done over the past years. As a result of my “visibility”, my overall increment was pretty meagre at 3% (significantly below inflation of 7.9%).
Unfortunately, my promotion is not due until the next 1 or 2 years, and this would potentially set me back slower/behind my peers who are in the same industry. I’m inclined to give my managers/firm a second chance, but am I shortchanging myself here? Should I leave?..