How does the org structure work in banking? Looking at a strategy VP role, but not sure if it would be right given my tenure and they don’t mention minimum experience. Would a VP be at a Manager or Consultant/Associate level?

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It depends on the bank, but almost universally a VP is somewhere around a Manager level role.

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VP roles at banks are low positions

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Manager level; some banks have an ED/Director between MD and VP (e.g. JPM), but I believe some firms don’t (I don’t think GS does)

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Typically goes: Analyst -- Associate -- VP -- ED/D-- MD. So VP is middle management.

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Follow-up question to this, if someone is an ED at JPM, what is their equivalent level in consulting? Are they a junior MDP on the BCG scale?

And how about a Director at Credit Suisse? (because someone told me that JPM built in an extra level, so not sure how to compare between the two houses)

VP is very broad in banking, however I’ve seen Big4 manager transfer to SVP

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