Stuck VP - any others feel this way or have advice?

Based on the most helpful WSO content, your situation as a middle-level bulge bracket VP facing challenges in progressing to MD is not uncommon. Here are some actionable insights and advice:

1. Origination Challenges:

   • It's true that scaled company executives often prefer engaging with MDs. To navigate this, focus on building relationships with mid-level executives or decision-makers within target companies. These relationships can eventually lead to introductions to senior executives.
   • Collaborate with MDs on your team to co-pitch or co-originate deals. This allows you to demonstrate your value while leveraging their seniority to gain access to key clients.

2. Advocacy from Senior Bankers:

   • Building rapport with senior bankers is critical. Even if team dynamics have shifted, identify influential MDs or senior leaders who can advocate for you. This might involve showcasing your strategic thinking, deal execution skills, or ability to mentor juniors effectively.
   • Proactively communicate your career aspirations to senior bankers and seek their guidance on what specific steps you can take to align with the firm's expectations for MD promotion.

3. Transparency and Support:

   • Lack of transparency in promotion criteria is a common frustration. If possible, seek feedback from your direct manager or HR on the specific skills or achievements required for MD. This could include deal origination, leadership, or sector expertise.
   • Consider asking for a mentor within the firm who has successfully navigated the VP-to-MD transition. Their insights can provide clarity and actionable advice.

4. Strategic Networking:

   • Expand your network beyond your immediate team. Attend industry events, conferences, and client meetings to increase your visibility and build relationships that could lead to origination opportunities.
   • Internally, network with colleagues in other groups or regions who might have complementary client relationships or insights.

5. Delegate and Focus:

   • As highlighted in WSO discussions, VPs often struggle with balancing execution and origination. Delegate execution tasks to associates and analysts where possible, allowing you to focus more on strategic initiatives and client-facing activities.

6. Long-Term Perspective:

   • If internal dynamics or lack of alignment with senior bankers persist, consider exploring lateral opportunities at other firms where you might have a clearer path to MD or better alignment with leadership.

Remember, the VP-to-MD transition is one of the toughest in banking, but by focusing on strategic relationship-building, seeking advocacy, and aligning your efforts with firm priorities, you can improve your chances of success.

Sources: Advice from an ex-IB MD - on how to make VP, How can we do better?, https://www.wallstreetoasis.com/forum/investment-banking/qa-md-in-ma-and-capital-markets-with-bulge-bracket-and-boutique-experience?customgpt=1, A Real Disscusion about Promotion in PE, New VP struggles - asking seasoned VPs for help