Recently missed out on a big promotion opportunity? Don’t sweat it. New research from The University of Texas at Austin reports that as long as you’re talented and qualified, a similar outside opportunity will find its way to you soon enough.

Whenever a CEO position becomes available, it’s common for companies to encourage senior executives to apply for the promotion. These internal CEO contestants can only have one winner, though, so what happens to the rejected internal applicants? Study authors investigated this topic, and find that in the vast majority of cases it doesn’t take long for similar opportunities to arise from outside the organization. READ MORE