I think for a lot of us, it’s not a recognition that we’re unable to go any higher/further in our careers due to some inherent lack of skill or ability. Instead, it’s a recognition that our priorities have changed from when we were younger and full of piss and vinegar, and that going further in our careers isn’t that important to us anymore.
Take me for example- from when I graduated college at 24 through about the age of 37-38, I wanted to be in management and call the shots, and maybe be CIO of some medium to large company.
Somewhere in there, I realized that it’s well outside the sweet spot for money earned vs. effort put in, as far as I’m concerned. I mean, if I can make say… 70k on literal 40 hour weeks, why would I actually want to make 90k if it meant that I’d work 60 hour weeks? Plus, the stress level goes up significantly, and I also realized that on a personal level, I think I’ve hit the level where I like what I do. Going any higher, and I’d have to deal with budgeting, accountants and all manner of other administrative bullshit that I absolutely loathe.
Another, more cynical observation that I made is that by and large, the people being promoted into management and executive ranks are doing that by a combination of two things- a LOT of luck- being on the right project under the right people at the right time sort of stuff, and playing the “game”, in that they affect the right look in their dress, they drive the right cars, they affect the right interests in their personal lives, and they go drinking with the right people. Plus, they’re almost always tall, in-shape and handsome/attractive.
I’ve seen too many marginally competent “game” players get promoted, and too many extremely competent people who didn’t play the “game” or who didn’t play it well get overlooked to be anything but cynical about my chances of being promoted as a result.
So sometime in the past 5 years, I re-evaluated my goals, and decided that my goal is to have a job that I enjoy, that pays moderately well, and that doesn’t take any more time away from my family than is absolutely necessary. I’d rather work 40 hour weeks and be able to do stuff with my wife and kids than to work more and spend less time with them.