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I guarantee you that if you look at the job title "Vice President" at, say, JP Morgan's Corporate and Investment Bank you're going to see total compensation tha
by NovemberWhiskey 5y ago
I guarantee you that if you look at the job title "Vice President" at, say, JP Morgan's Corporate and Investment Bank you're going to see total compensation that ranges over an order of magnitude.
- shuckles 5y agoIsn’t the reason for this regulation? My understanding is that there are some actions that a bank employee can only take if they hold a “Vice President” title, leading to the title structure being organized in a way such that many people end up with that title.
- NovemberWhiskey 5y agoVirtually everyone past early-mid career at a bank is a Vice President and the vast majority will never promote to Managing Director.