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VP at a bank is basically just a checkbox. Depending on the subset of banking you work in basically everyone is a VP because everyone needs that title in order
by dsfyu404ed 4y ago
VP at a bank is basically just a checkbox.
Depending on the subset of banking you work in basically everyone is a VP because everyone needs that title in order to do their jobs without running afoul of the regulations. These people will have cookie cutter employment contracts if any.
- alistairSH 4y agoYeah, my comment was based on my experience in the software world. It's definitely true that there area lot of VPs of one variety or another at banks, even for individual contributors. Super weird, but it's been that way forever.
- btilly 4y agoI've been told that the reason is because some subset of CEOs get offended at being shuffled off to a low ranking employee. So they get to meet VPs and are happy, without realizing where said VP really was in the org chart. I don't know how true this is, but i was told it by my brother about 20 years ago, who at the time was a (low ranking) VP at a bank.