I'd like to question the premise that you have to "catch up" with peers, and that comparisons make sense. Especially in the private sector, career growth isn't solely dependent on technical skills.
Some peers can get big career boosts due to nepotism or networking and switching companies. Others leave a large company, giving up the chance of promotions to senior management, and create their own startup or join another at a senior level for advancement. Other people change industries and start at a junior position. Yet others decide to work a stable job for lesser pay, maybe at certain departments or agencies in the public sector.
I honestly don't see where competition with peers becomes a factor, so long as you're working enough to maintain valuable skills that hiring managers and organizations are looking for.
Some peers can get big career boosts due to nepotism or networking and switching companies. Others leave a large company, giving up the chance of promotions to senior management, and create their own startup or join another at a senior level for advancement. Other people change industries and start at a junior position. Yet others decide to work a stable job for lesser pay, maybe at certain departments or agencies in the public sector.
I honestly don't see where competition with peers becomes a factor, so long as you're working enough to maintain valuable skills that hiring managers and organizations are looking for.