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In most BIG banks, "Vice President" is almost an entry-level title. Easily have 1000s of them. For example, this article points out that Goldman Sachs had ~12K
by latch 2y ago
In most BIG banks, "Vice President" is almost an entry-level title. Easily have 1000s of them. For example, this article points out that Goldman Sachs had ~12K VPs out of more than 30K employees: https://web.archive.org/web/20150311012855/https://www.wsj.com/articles/SB10001424052702304692804577281252012689294 https://web.archive.org/web/20150311012855/https://www.wsj.c...
- jart 2y agoVP at Goldman is equivalent to Senior SWE according to levels.fyi and their entry level is Analyst. I'm surprised by the compensation though. I would have thought people working at a place with gold in the name would be making more. Also apparently Morgan Stanley pays their VPs $67k/year.
- philipwhiuk 2y agoTech outstripped big finance corps tech a while ago. Traders make loads, not the SWEs
- bormaj 2y agoThat VP comp number seems quite low fwiw
- jart 2y agoYes how much longer till we see Morgan Stanley VPs picketing outside demanding a living wage and humming The Internationale.
- SteveNuts 2y agoJust like all Sales folks have heavily inflated titles, no customer wants to think they're dealing with a junior salesperson/loan officer when you're about to hand over your money. It seems like every vendor sales team I work with is an "executive" or "director of sales" even though in reality they're just regular old salespeople.