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Its mostly word salad. VP and Director at a lot of those places is equivalent to sr consultant or manager
Rising Star
I’m leaving A&M restructuring for AlixPartners. I know I’ll make less money at Alix (better WLB though). They’re making me a “Director” but I’m currently a Sr. Associate at A&M 😂 also AlixPartners calls their Senior Director role a “Partner” so I somehow am one step from partner. It’s a joke.
Good luck in the new role nonetheless and credit for recognising the benefit of better WLB
Yes, my firm has been doing this for a while- it’s a way of keeping talent/ ostensibly pricing them out of a move elsewhere while giving minimal pay bump- also excuse to expand responsibilities wildly too on the cheap
Financial services has levels with "VP" and "Director" titles, but they're really "Manager" levels at other companies.
Title inflation.