When is the right time to start discussing promotions?
To provide some context, I transitioned from public Accounting as a senior associate with 4.5 years of tax experience to a tax associate role at a large private equity firm about 8 months ago. They were searching for someone with 3-5 years of experience.
Shortly after I joined, an AVP with approximately 13 years of experience also came on board. Although we both report to the VP, I do not report to the AVP. I’ve noticed that the AVP is often slow to grasp new concepts, requiring me to explain aspects of our work to her despite my shorter tenure at the firm. In fact, I currently manage more work streams than she does, and the complexity and volume of my tasks are on par with hers. Colleagues in other departments frequently reach out to me instead of her, as she has proven less helpful.
I have received positive formal and informal feedback from my VP, who has even mentioned privately that he finds her pace sluggish. Additionally, the principal on our team has indicated that the VP thinks I’m performing excellently and adapting quickly.
Promotions at the firm occur annually in January. I’m aiming to be promoted to AVP in January 2026, which would align with my anticipated 6+ years of experience by then. Although my current salary is competitive—20% more than I would have earned in public Accounting and with less demanding hours—I feel that my compensation should reflect the complexity and volume of my work compared to the AVP’s.
I have a mid-year review scheduled for July, and I would like to ask my VP about the possibility of being promoted to AVP in 2026. My goal is to focus solely on my achievements and not to reference the AVP at all. Would it be appropriate to bring this up during my mid-year review, or should I address it beforehand?
One response
It sounds like you’re in a strong position and have been doing impressive work since you joined the firm. Here are some thoughts on how to approach discussing your promotion:
Timing: It’s great that you have a mid-year review coming up in July. This is a natural opportunity to discuss your performance, future goals, and career trajectory. It’s generally advisable to wait until your review to bring this up, as it sets a formal context for discussing your advancement.
Prepare Your Case: Before your review, compile evidence of your contributions and accomplishments. Highlight the complexity and volume of work you handle, any challenges you’ve overcome, and positive feedback you’ve received. This will help you effectively advocate for your promotion.
Focus on Performance, Not Comparisons: When you do bring it up, frame the conversation around your achievements and your commitment to the firm’s goals. Avoid comparing yourself directly to the AVP, even if your role has more responsibilities. Instead, emphasize how your contributions add value to the team.
Express Your Career Intentions: Clearly state your desire for growth within the firm, including your aspiration to be promoted to AVP in January 2026. Ask your VP for guidance on what specific skills or accomplishments you should focus on to prepare for that promotion.
Seek Feedback: Request feedback on your performance and what areas you can improve on to align with the expectations for an AVP. This shows that you are proactive about your development and committed to meeting the firm’s standards.
Follow Up: After your review, make sure to keep the lines of communication open. Regularly check in with your VP about your progress and any additional responsibilities you can take on in preparation for your promotion.
Ultimately, being proactive about your career growth is key, and your mid-year review is the perfect platform to initiate this discussion. Good luck!