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> Reminds me of American Psycho, where everybody is a damn Vice President (reflective of the time) Reflective of the industry, really. It’s still that way in b
by pedrosorio 5y ago
> Reminds me of American Psycho, where everybody is a damn Vice President (reflective of the time)
Reflective of the industry, really. It’s still that way in banking.
- bluGill 5y agoVice President has legal meaning as a title. Only a vice president or above can make some loans. Since banks make those loans all the time they need a lot of vice presidents to do it. In a small town bank with at most 10 people it makes sense, but for a large banks with branches all over the country you end up with a ton of vice presidents just for that need, but they don't really get any other authority.
- pm90 5y agoInteresting. I always wondered why Senior level engineers at banks got the VP title. It seemed odd for someone formerly an IC to suddenly step into a VP level role, but this makes sense now.
- ledauphin 5y agobut does it? are these software engineers actually making loans?
- lmm 5y agoNo, but there are people at that level in the company who need to sign those contracts (I don't think it's loans specifically), and it's easiest to use a consistent title for everyone at that level.
- rpmisms 5y agoMy Father-in-law is a VP at a banking firm, he's just a senior engineer, but he does handle plenty of financials. Makes total sense why he's a VP.