Citi pays so low for SVP level?


Happy Monday fishes

Anyone have any good audit jokes or one liners?
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It’s basically a manager/senior manager
Except as an M, I was making more than that when they approached me. Not even a lateral move.
Remember that VP is different in banking. As C1 said, this is basically a senior manager (I would consider VP to be a manager).
Banking talent is a little slow to say the least.
Citi is also having a tough time. And lending is not growing and not expected to grow. So this is not a transformative role. It's likely just backfill, azz in seat job.
Banking VP is not the same as industry VP…
+ this also isn’t IB
Banking has over inflated titles. It’s equivalent to a manager role.
SVP At Citi is relatively junior. A strong Senior associate at big 4 would lateral there.
Coach
Good luck!
It’s a bank, SVP is one or two levels below Director.
I remember a Senior consultant going to Citi as an AVP. So yeah the levels are quite different to say the least.
Coach
What you're looking at it is "SVP" and correlating the pay. What you're not looking at is that this is an operations role and the title is "lead". AVP, VP, SVP, EVP, SEVP etc are officer titles in banking. They have no meaning except that they are tied to a paygrade level. The real title and job responsibilities are buried in details: Operations Lead. Operations roleia in Banking unless you're the Head of or a Director and above, won't pay 300k base. Besides, you're looking at just the salary. The comp packages in industry are diff with the addition of LTI components that can I some cases increase the TC significantly