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For context VP is not really a senior position in JP Morgan anymore. There is such a thing as a Senior VP too, but even that is usually gained by time served as
by NomDePlum 2y ago
For context VP is not really a senior position in JP Morgan anymore. There is such a thing as a Senior VP too, but even that is usually gained by time served as opposed to suggesting someone with real decision making power.
Obviously the VPs in this case may have sway, but it sounds more likely they overstepped, creating a particularly unsavoury mess.
- ravoori 2y agoThere is no official senior VP title at JP Morgan. The next rung on the ladder after VP is Executive Director
- jdlshore 2y agoThat’s pretty typical for banks, as I understand it. VP is a low-level management position.
- curtisblaine 2y agoAFAIK, they split VP in two seniority levels, and they also split tech jobs into two tracks, manager and IC. So now, in practice, you get 4 flavours of VP. Same for EDs and, I think, MDs.
- Ologn 2y agoYes, the average VP at JP Morgan makes less than $200k. The VP title at banks does not mean what it means at other companies.