Comment by 972811

It's all about risk/reward tradeoffs. Once you get past the junior->senior level, each promotion is hiring you for a completely different job. As an individual, there are only a few ways to get that job: 1. Trial run at your current company (could be wasting your time, but also you have domain knowledge and relationships to help) 2. Join a smaller company and hope it grows (could rapidly accelerate growth due to needs, but could also go very poorly if the company stagnates) 3. Try to lateral to another company with a promotion (pretty difficult in general)

It's not really that juicy for the corp. If they hire (promote) you without experience, they are hiring someone without experience for a position and then have to go and hire again to replace someone else. Vs. just hiring someone with experience