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Casey Chung

Being Passed Up for Promotion in Accounting

Getting passed up for a promotion can be a frustrating experience, especially in the competitive and high-pressure world of accounting. Whether you’ve been working hard to become a Senior or Manager, hoping to transition into a specialized area like tax or audit, or aiming for a senior leadership position, it can feel like a setback when your efforts don’t result in the promotion you were expecting.


But here’s the thing: not getting the promotion doesn’t mean you’ve hit a dead end. In fact, it could be an opportunity to refocus your goals, refine your skills, and position yourself for even greater success in the future. If you’ve recently been passed over, here’s what you can do next.


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1. Take a Step Back and Reflect


It’s natural to feel disappointed, angry, or frustrated when you’ve worked hard and been passed over for a promotion. But the first step is to pause and reflect on the situation objectively. Before jumping to conclusions, consider the following:

  • Were there clear performance metrics or goals tied to the promotion?

  • Did you meet or exceed these expectations, or were there areas that might have been overlooked?

  • Were there external factors (e.g., company restructuring, budget cuts, or seniority issues) that played a role in the decision?


Taking time to reflect can help you gain perspective and reduce feelings of frustration. Instead of focusing on the negative, try to see the situation as a learning opportunity. Were there any skills or qualities you may have overlooked that are important to the role you want? This self-awareness will guide your next steps.


2. Ask for Constructive Feedback


One of the most productive things you can do after being passed over for a promotion is to seek constructive feedback. Schedule a meeting with your manager, HR, or even a mentor, and ask for an honest assessment of your performance and potential.


Focus on the following areas:

  • What skills or qualifications are needed for the next step in your career?

  • Are there specific areas of your work where you can improve?

  • What can you do to enhance your visibility and show your value to the organization?


Feedback can be incredibly valuable in helping you understand where you stand and what you need to work on. It also shows your commitment to your career growth and willingness to learn. Don’t just ask “Why didn’t I get the promotion?” but inquire about specific actions you can take to increase your chances next time.


3. Set New Goals and Create an Action Plan


Once you have feedback in hand, it's time to set clear, actionable goals. If you’ve been passed up for a promotion, it’s not the end of the road—it’s an opportunity to set new milestones. Here's how you can get started:

  • Identify Key Skills: Focus on the areas where you can improve. For instance, if you’re aiming for a managerial position, you might need to develop leadership skills or gain more experience in project management or client relations.

  • Seek Professional Development: Consider further education, coaching to support your leadership skills, or training in areas like software tools or accounting standards.

  • Expand Your Network: Building relationships with senior leaders and colleagues outside of your direct team can raise your profile and demonstrate your ability to take on larger responsibilities.


Creating a clear plan of action with timelines for achieving your goals will help you stay focused and motivated.


4. Expand Your Role or Take on New Challenges


If you’re not promoted, it doesn’t mean you have to wait for another position to open up. Consider ways to expand your role within the organization. You can demonstrate leadership by:

  • Taking on high-visibility projects: Volunteering for new initiatives or taking ownership of key deliverables can showcase your skills and willingness to go above and beyond.

  • Mentoring junior staff: If you’re not yet in a managerial position, mentoring a junior accountant or offering to lead training sessions can demonstrate your leadership capabilities.

  • Offering solutions: Rather than just identifying problems, become someone who offers solutions. Whether it’s improving processes, identifying efficiencies, or managing client relationships, being proactive can set you apart.


5. Keep a Positive, Long-Term Perspective


Getting passed over for a promotion can sting in the short term, but it’s important to remember that your career in accounting is a marathon, not a sprint. The reality is that promotions and career growth often take time. Keep a long-term perspective and focus on the following:

  • Your career is a journey. Just because you didn’t get the promotion this time doesn’t mean you won’t get it in the future. Many successful accounting professionals have faced setbacks and detours before reaching their ultimate goals.

  • In some cases, promotions in accounting can be based on factors like seniority or timing, not just performance. While that can be frustrating, it’s important for you to decide if it's worth being patient or if it's time for a change.

  • Stay engaged and motivated. Rather than becoming discouraged, continue to engage with your work and take pride in your accomplishments. Remember that your current role is valuable experience that’s helping you build the foundation for your future career.


6. Consider Whether It’s Time to Look Elsewhere


While this point may not apply to everyone, sometimes being passed up for a promotion can be an indicator that it might be time to explore other opportunities. If you’ve received feedback, made improvements, and still feel that you’re not progressing in your current firm, it could be worth considering a move to a new firm or department that better aligns with your career goals.


A new environment can offer fresh challenges, opportunities for advancement, and a chance to work with new people who may better recognize your skills and potential.


In Summary: What to do if you get passed up for promotion in Accounting


Not getting the promotion you were hoping for is disappointing, but it doesn’t have to be the end of your career aspirations. By reflecting on the situation, seeking feedback, setting new goals, expanding your role, and keeping a long-term perspective, you can turn this setback into a springboard for future growth.


Remember, success in accounting—like in any field—requires patience, resilience, and a commitment to continuous learning. Keep building on your strengths, take on new challenges, and stay focused on your career goals. Your next promotion might be closer than you think.

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