watch out, boomers

09.03.1312:38 PM ET

Millennials Are Taking Over Managerial Roles

More rapidly than older generations.

Your office managers were more likely raised on the Backstreet Boys than the Beatles. A new study released Tuesday by Ernst & Young, found that millennials (ages 18 to 32) are moving into management positions much faster than Generation X (ages 33 to 48) or baby boomers (ages 49 to 67). Between 2008 and 2013, 87 percent of millenial managers took on their managerial role, while only 38 percent of Gen X managers and 30 percent of baby boomers did the same. In the five years previous, the statistics were nearly reversed, with Gen X and baby boomers leading the charge. However, the study participants viewed the two older generations as more likely to manage effectively than the youngers.