3 ms·
Thing is, within the banking industry, these end up being fairly standardized titles. Titles mean less across industries, but within an industry, there's some c
by ceras 5y ago
Thing is, within the banking industry, these end up being fairly standardized titles. Titles mean less across industries, but within an industry, there's some consistency. In fact in banking, these are more standardized than tech industry titles are.
Typically at banks, the ranks are: analyst, associate, VP, managing director. Everyone eventually gets to VP, so it's not a particularly high level. It's similar to how tech companies have a level everyone is supposed to reach (often "Senior"). So, analyst is an entry-level role, associate is a mid-level role (2yrs experience, or a higher degree), and VP is a terminal role. VP is a wide band, though, so there's often sub-levels within that (whether publicly visible or not): managing director is a very high title at a bank.