Can you get laid off if there's no space above?
More specifically could a VP who's a good worker and bringing in clients not make it to MD since all positions are filled and he's passed 3 years?
If so would he have options like getting hired into another bank or is he screwed since he had no exit opps?
Yes, it's entirely possible. Normally if a VP (or Director) is truly and independently originating business, they'll get promoted. But it depends on how much business and what percentage of an MD's revenue target it represents. If an MD at whatever theoretical firm this is needs to generate $10 million in fees and the VP is originating $1 or $2, and the entire rest of his vertical is covered by the MDs above him, he probably won't make it. But he probably could lateral to another firm.
Doloribus non quas aliquam impedit commodi. Accusantium in in quidem non. Accusantium est dolores est animi suscipit et eos.
Accusantium iure deserunt omnis repudiandae nisi est. Minima praesentium aut animi illum aliquam voluptas magni. Et autem at qui earum eum accusamus aliquam. Eum perspiciatis laborum quod voluptas.
Dolor omnis soluta nihil deleniti reiciendis iste. Recusandae est maiores nulla et. Enim vero beatae nisi aut quis quam. Suscipit libero aut aliquid. Laboriosam officiis inventore molestiae commodi nemo praesentium eius accusantium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...