What is a VP level at a bank equivalent to in the consulting world?

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Analyst / entry level (exception for investment banking)

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This is wrong.

In all seriousness
It covers senior consultant to senior manager, it’s a VERY wide range for people 3 years out of school to 10+ years of experience

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The VP title in financial services tends to be overused. What would be a mid level manager or project manager in some companies is often a VP title in FS. You really have to look at it case by case, imo.

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VP is a customer facing "corporate" title, then we have functional titles behind that. I'm actually a "Business Strategy & Initiative Manager" in my role, but that's still insanely vague. Not much different from any "Consultant" or "Manager" title though

Manager

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It can mean a ton. I'm a VP w/ 9 yoe & no name mba, but have had VP teammates w/ 5-15+ yoe. It's case by case, driven by the work you're doing, tenure or background. I probably won't make SVP for 3-4 more years because I need to find a full workstream to lead. Comp is good though.

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Senior Consultant

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The posts here are accurate. VPs with low experience will come in as Managers ehile the ones in the upper tier of experience can come in as SMs.
I don't agree though that VPs are equivalent to SCs. Post-MBA, people go in as AVPs which is the equivalent to SCs.

helpful

Intern

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Manager

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Tbh,depends on the pay scale ,department etc..for example a VP change manager on the ops side for a leading broker dealer May draw a salary of 140 to 170k..this range maps to a SC on the consulting side...

EY S& SA1 is like 140ish and SA3 170ish, which is significantly above normal b4, but roughly in line with other strategy shops

Varies. VP at some banks is Senior Analyst/Consultant level (3 years experience) (example: Citi) where other banks it’s Sr Manager level (10-15 years experience... example BAC, CIBC)

Yeah an analyst working with me (3 years) got hired at Citi as a VP

Yoe is morning meaningful than title in banking world. VP could be a manager or senior manager

On the investment banking side, I've typically seen VP as the senior manager equivalent (5-6 YOE, sometimes with an MBA in there too). That said, a VP at a bank makes a lot more than a consulting SM... TC is about $500K in a mediocre year (i.e., average bonus)

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