Ok, I get it. Investment banks pretty much make almost everybody on salary (with some obvious exceptions, e.g. interns, administrative assistants, etc.) a “vice

Ok, I get it. Investment banks pretty much make almost everybody on salary (with some obvious exceptions, e.g. interns, administrative assistants, etc.) a “vice president.” It means nothing and is more out of tradition than anything. Those “VPs” are likely FLSA exempt regardless of title, based solely on what they do and the amount of professional judgment they get to exercise.