Question
DYM is a small strategy consulting company in Dallas, Texas. Each year DYM hires 40 new graduates for the entry level Associate rank. Each Associate
DYM is a small strategy consulting company in Dallas, Texas. Each year DYM hires 40 new graduates for the entry level Associate rank. Each Associate on average spends 4 years before being considered for promotion. About only 50 % of the Associates, who come up for promotion move to the Manager rank. Each year, the company also hires 5 Managers from competitive consulting firms. A Manager (either hired or promoted within) on average stays in this rank for 6 years before being considered for promotion to Principal. At any point in time, how many Associates and Managers does the company employ? SHOW Calculations
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