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I was wondering this the other day. I don’t buy that it’s only the tippy “top” of performers making VP in such short notice especially at the top BB’s. COVID / competing with tech for talent / INFLATION*** has probably shortened traditional YOE expectations from pre-COVID times.
IMO I think it’s more people shooting their shot and actually competing with boomers who can’t work their way around basic VBA / Excel beyond basic VLOOKUPs but have failed upwards throughout the years. Yep, I said it!
Moral of the story: shoot your shot, and if it ain’t happening internally, apply to higher level roles elsewhere. Worst that can happen is they say no or some automated email rejection 🤷🏻♂️
It depends on the area you work in, for real assets I found that titles vary significantly from firm to firm (some VP might be Sr. Associate elsewhere etc.). If pay is in line with market for your yoe than I would be ok with a different title.