just curious as to how many asso typically make vp in ibd. i am talking entire class of asso and yrs later, how many r vps. including how many leave on their own, getting fired, died from girlfriends killing them, drug over dose, etc.
just wanna know whats the chance of an asso 1 become vp.
understand that vp to d and md are not concrete, so
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30%-40%
and rest of them tend to get fired? leave for better jobs? get pigeon hole’d? what are the other 60% ppl do? is it hard to become vp if u just stuck out?
My experience has been that the majority of the 60% self-select out. Most Associates are coming from business school and thus the mix of exits has to do with some combo of 1) burnt out from working 80+ hour weeks, 2) leave for another area of finance that has less hours (corp dev, corp banking, etc.) or 3) realize the grass isn't always greener and maybe even liked what they were doing before MBA better
I would say the majority of those who want to stick onto VP (and arguably even Director) will have the chance to do so (unless you are a really poor performer or your bank is not performing well).
I would agree with all of the above. Roughly 30-40% make it to VP and that is also basically everyone who wants to make VP.
The rest of the class will go to greener pastures, other cities, etc.
Very few people who want to make VP don't make it that far. Usually if you are bad enough at the job to not get promoted you are also bad enough that your life will be miserable and you will go on to something else.
Also, even if there aren't slots at your bank, experienced associates who want to be bankers are always in demand for laterals and can go someplace that does have room.
100% if you exclude those who chose to leave
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