Being a VP in a top Group (MS M&A/GA FIG)

Based on the most helpful WSO content, here's what you need to know about being a VP in a top group:

Work Hours:

• Hours as a VP: Generally lighter compared to junior roles. For instance, one VP mentioned working 60+ hours per week compared to 80+ as a junior associate.
• Variation by Firm: The number of hours can vary significantly depending on the firm's culture and the specific group.

Daily Responsibilities:

• Content Creation: As a VP, you are expected to come up with content yourself and run with it, unlike as an Associate where you might receive significant guidance from senior bankers.
• Delegation: Learning how to delegate effectively is crucial. This can be challenging, especially if there isn't a clear blueprint to follow.

Work-Life Balance:

• Travel: Travel tends to increase at the VP level. You might not be in the office until 2am, but you could be on a 6am flight, attending meetings, and then on a 6pm flight back.
• Client Interaction: There is typically more client interaction and travel as a result.
• Stress Levels: The stress can be different but not necessarily less. While you might not be working late nights as often, the responsibility and pressure to generate revenue can be significant.

Lifestyle:

• Improvement Over Junior Roles: Many VPs report an improvement in lifestyle compared to their days as Analysts or Associates. However, the job still demands a significant time commitment and can be stressful.
• Office Politics: Navigating office politics becomes more important as you move up the ranks.

Key Performance Indicators (KPIs):

• Revenue Generation: Success is often measured by your ability to generate revenue. This can be a source of stress as it is not entirely within your control.
• Client Relationships: Building and maintaining strong client relationships is crucial.

Health and Sanity:

• Maintaining Health: It's important to find ways to stay healthy and sane through the demanding years. Tips from experienced bankers include carving out personal time and managing stress effectively.

In summary, being a VP in a top group involves lighter hours compared to junior roles but comes with increased responsibility, client interaction, and travel. The work-life balance can improve, but the job remains demanding and stressful, with a strong focus on revenue generation and client relationships.

Sources: How hard is making a VP?, Q&A - From Non-Target to VP at EB, Women entering IB at associate level, Question for senior bankers - does it get more or less stressful as you progress?, How do investment bankers handle long hours?