VPs in MM

Based on the most helpful WSO content, Vice Presidents (VPs) in investment banking at bulge bracket (BB) firms generally have more flexibility compared to analysts and associates, but their workload remains significant and demanding. Here's a breakdown:

1. Hours and Flexibility:

   • VPs typically work 60-80 hours per week, which is lighter than the 80+ hours often seen at the junior levels.
   • While they are not "chained to the desk" like analysts and associates, they are expected to be available 24/7, especially for client interactions and deal management.
   • Their work often involves traveling, attending client meetings, and managing execution workstreams, which provides some variation in their routine.

2. Nature of Work:

   • VPs focus more on content creation, idea generation, and managing teams rather than the detailed modeling and deck preparation done by juniors.
   • They act as a bridge between senior bankers (Directors and MDs) and junior staff, ensuring quality control and execution of deliverables.
   • They are heavily involved in client-facing activities, which can make their schedules unpredictable.

3. Stress and Responsibility:

   • VPs are in a "purgatory" stage where they are further removed from the grunt work but are equally responsible for ensuring everything is accurate and delivered on time.
   • The role requires strong delegation skills, leadership, and the ability to operate independently, which can be stressful.

4. Lifestyle:

   • While VPs may spend less time in the office compared to juniors, they often work late nights reviewing materials, preparing for client meetings, and strategizing.
   • The job involves a lot of mental preparation and staying informed to engage effectively with clients and senior bankers.

In summary, VPs enjoy more flexibility and autonomy compared to analysts and associates, but their workload remains intense, with a focus on leadership, client management, and deal execution. They are not "chained to the desk," but the demands of the role ensure they are always working in some capacity.

Sources: How to not get stuck at VP, Lifestyle Change from Associate to VP, boutique v BB, Investment Banking Hours - What to Expect?