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I work at a bank and have worked with several banks as part of my previous jobs. Banks often have a lot of Vice Presidents. The one I'm at has at least a doze
by dabent 15y ago
I work at a bank and have worked with several banks as part of my previous jobs. Banks often have a lot of Vice Presidents. The one I'm at has at least a dozen and it only has 400 employes. But it gets better: there are several levels of Vice President - Executive VP, Senior VP, First VP, VP, and Assistant VP. And that means we have dozens of people with "Vice President" somewhere in the title.
The reason I heard is that a small bank would have a few VPs, but would merge with a larger bank. As part of the merger, people kept their titles. This happened over and over, so large banks have lots of VPs. Not sure if that's true, but it sounds reasonable.
Of course, this might be as likely an explanation:
http://answers.yahoo.com/question/index?qid=20070206164512AAltwCd http://answers.yahoo.com/question/index?qid=20070206164512AA...
- btilly 15y agoMy brother worked at a bank in the financial services sector, and virtually everyone was Vice President or higher. The reason was simple. They were interacting with CEOs, and many CEOs would refuse to talk to anyone who was not vice president or higher.