How is career growth characterized in finance roles like investment banking versus roles in general marketing or management?
Answer
Steep, high-paying vertical growth once secured versus requiring a broader base of experience across several functions
The text distinguishes between two primary models of growth trajectory. Careers in highly selective fields like investment banking or specialized consulting often feature a 'steep ascent,' characterized by high-paying vertical movement once the notoriously difficult entry barrier is overcome. In contrast, roles in general marketing or general management typically require accumulating a 'broad base' of experience, necessitating movement across several functional areas—such as associate to specialist to manager—before substantial salary or title increases materialize, emphasizing breadth over initial vertical speed.
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