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I was wondering if any of the guys here that work at a big 4 firm could give me some insight into what is required to move up the ranks. From what I can gather, the 'average' employee would be promoted once a year at the lower levels, assuming they are competent, but what does it take to move up...

Have a look at this article from the sunday telegraph. "One London trader with investment firm Goldman Sachs is said to have received a 50 million pound ($120 million) bonus this year. " http://www.news.com.au/sundaytelegraph/story/0,22049,20969510-5001021,00.html