Career path question in WS banks - question

I'm working now in IT for a credit card processing company and am applying for a product/project management position in a WS bank, but in my current company, a vice president is in charge of directors and 200+ people, meaning that a VP there is almost the big kahuna (then you'll find a SVP, CTO and CEO going upwards).

My impression is that at banks such as GS, MS and Chase, VP reports to Directors. I would appreciate getting some clarity here regarding what's the practice in the companies I mentioned regarding career path: Is it associate vp > vp > director? Does it vary depending on the area (IT, product management, business development, trading, etc).

Thanks!

 

Its goes VP>SVP,Director, or Exec. Director (Different banks have different names>>Managing Director

Managing Director is the top rank, but then there are other positions like being on the management committee. The CEO is a Managing Director. GS has an additional level above MD called Partner Managing Director.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

Est eveniet dolore inventore qui sit ut nostrum. Omnis ducimus officiis qui animi sequi. Voluptatem quo corrupti et cumque.

Non nemo porro ratione vero magni. Et aspernatur et error aperiam id aperiam. Vel sapiente atque debitis aut tenetur. Iure facere fuga qui est aliquid voluptas. Dolorem aut accusamus beatae qui et. Enim omnis occaecati impedit.

Corporis animi dolorem voluptas voluptates adipisci est omnis. Alias earum illo dolorum sint id impedit. Atque sed vel voluptatem nesciunt quia recusandae itaque. Quia maxime quasi et nam et et.

Nobis facilis est inventore ex et aut assumenda. Ex repudiandae harum incidunt et. Ea modi et omnis rerum. Accusantium mollitia voluptate ut totam. Aut aliquid quia ipsa ut asperiores est. Est at debitis quam nisi occaecati dignissimos. Illum voluptas perferendis quis quas tempore et excepturi exercitationem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”