I saw someone one of these bowls say being VP at a bank/hedge fund is no big deal for someone in finance and is nothing to brag about. Is this so? If so, why? I’d never heard that before

likehelpful
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No one should brag about anything with the exception of how cute their dog is

likefunnysmart

Now I want to see doggos 😔 reminds me I work too much to get a dog

Its like making partner at kirkland. Doesnt mean anything. Everyone has the title

likefunny

Because everyone’s a VP

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In finance the typical progression is Analyst, Associate, then VP. It's roughly equivalent to Junior Associate, Mid level Associate, and Senior Associate in law and progression is pretty much automatic with time. The next level is Manageing Director, which is a competitive cut and like making partner. Some firms have another level called participating Directors which is like making equity partner.

likehelpfulupliftingsmart

I would also add to the mix the title "Senior VP" which is roughly equivalent to Counsel/Of Counsel. Essentially someone with several years of experience but not able to make the cut to Manageing Director.

likehelpful

Not everyone, but like 50% of people on Wall Street have the VP title. Being VP means you’re not 25 anymore but nothing else.

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Didn’t know that! I was wondering why I mentioned to someone that I have a friend who’s a VP at a bank and they looked at me like, “you sweet summer child,” 😂

likefunny

I've heard that my whole career. Everyone is a VP.

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How much do vps make (average range)?

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Seriously depends on city and function. There are VPs in front office at Goldman taking home more than 500K but as a VP at some ops team in Vancouver, you’re lucky to make 150K

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likefunnyhelpful

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likefunny

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likefunnysmart

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