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Career Path Liquidity Traditional Linear Paths vs Non-Linear Paths

optimaloutliers.com · 2,059 words · saved by 1 readers

We're used to thinking about skills and experience in terms of their market value - how useful they are and how much employers or customers would pay for them. But  another, more subtle dimension gets less attention: liquidity. Just like in financial markets, some human capital is easier to price and trade than others. This is not about the absolute value of your skills or experience, but how easily the market can assess and exchange them. Consider Jim - with 4 years of experience as a management consultant at McKinsey. In the job market, potential employers have a good idea of what they are buying - someone smart and conscientious enough to be hired by McKinsey; meets a reasonably high bar on commercial acumen and communication skills; and polished enough to have managed clients and moved one step higher on the well-defined McKinsey ladder. Jim's skills are highly legible to every potential employer. They can estimate his salary within narrow confidence intervals, given that McKinsey'

Liquid vs. Illiquid Careers Vaishnav Sunil Aug 03, 2024 462 18 66 Share Note: This is the first post in a series of posts about career liquidity. Read the next part here We're used to thinking about skills and experience in terms of their market value - how useful they are and how much employers or customers would pay for them. But another, more subtle dimension gets less attention: liquidity. Just like in financial markets, some human capital is easier to price and trade than others. This is not about the absolute value of your skills or experience, but how easily the market can assess and ex

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