But it now is an established convention. When you hear "VP at a bank", for the last 50 years it has been common knowledge that it is an individual contributor w

But it now is an established convention. When you hear "VP at a bank", for the last 50 years it has been common knowledge that it is an individual contributor with 4-8ish years of experience, and when you hear "Managing Director", you translate it to "10yr+ experience and some people under him". Whereas in software, you don't really know how much authority a "senior architect" or "engineering fellow" or "principal staff developer" really has...