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I'll take a VP in marketing position at Citi in that case
These titles are standard and more of a rank versus a role. You can be an individual contributor or ppl manager at many levels. A VP can be an IC operating at a high level of ownership over their scope of work.
At Citi, SVPs and above are typically people managers. The greater your scope of work, the more likely you are to have to manage a team.
Citi1, would you be willing to give me a referral. Pls DM me your email address and I will email my resume. I have 15+ yrs including 5 in banking ( risk mngt) and 10 in Consulting
What Citi 1 & BoA 1 said; it can mean anything depending on role and experience. There are dunces who’ve been around for 10 years who are VPs, there are large team leads who are, and everywhere in the middle. It’s a catch all role at most banks for anyone who isn’t going into to management but needs to get paid well-ish to retain.
Rising Star
Citi is strange for sure, in buffalo they'll throw a VP title on someone like 3 years out of college making $60-70k
It makes perfect sense. Titles are cheap.
Besides, that’s the nearshoring play…
Depends on LOB/department. JPMC VP isn’t an analyst, but covers from Senior Analyst up to Director level responsibilities, depending on LOB/department.
Depends on the role.. at Bank of America .. I know a few people who are VPs because of their tenure.
Pls DM me your email
I have been a global Investment Bank outside of the US. In a small country office of 50, we had 2 MDs who are ICs. The only other third MD is the Country CEO.
JPMC, Citi, BofA and major banks here, would you be willing to give me a referral. Pls DM me your email address and I will email my resume. I have 15+ yrs including 5 in banking ( risk mngt) and 10 in Consulting
I'm an AVP and my job title ends in Manager, I manage a certain category of marketing/PR but have nobody reporting to me. My manager, a VP, has me and one other reporting to them, but they don't really get involved with the category I run (they're more like a line manager but I can go to them for queries since I'm relatively new still). Then above that is our SVP at C14.
I personally, coming from a law firm previously, find that the whole AVP/VP/SVP language is absolute garbage and is only relevant to bankers, and think it shouldn't really be applied to people in ops etc...
At TD it’s associate, associate manager, manager, senior manager, AVP, VP, SVP, etc.