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Isn’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,
by shuckles 5y ago
Isn’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.