19 Comments
 

Depends the transaction, but a good VP runs the whole execution process at my firm. Basically just tells the associates and analysts what to and double checks everything. At least from my experience, I have found associates to be more useless in terms of just having the VP go to the analyst for deliverables with the associate just hiding in the back.

 

MM by the way this forum groups, but really closer to an EB in terms of actual transactions/ where we compete.

I don’t fault the person, they just are new and afraid. Honestly, it’s like some of the post MBA associates, even if they aren’t an asshole, they are in a tough professional spot where they internally know the senior analysts know more, but they also know they are paid to manage us technically, so they just don’t know how to act. They also are afraid of messing up and likely are in a fast paced environment for the first time in their life. But also, would really appreciate if they could step in once and awhile so I could sleep.

 

At the senior level it gets murkier and more culture driven as to who does what.  It depends, for example on how involved MDs are in execution, and also in how deal teams are staffed.  Sometimes VPs will work directly with MDs and oversee the execution along with the MD.  Sometimes the MD will just be a very high level coverage person and execution will fall to the Director who will talk through what's going on with the VP who will be expected to oversee the various workstreams.  Sometimes the VP will be staffed directly with analysts and expect to work as an Associate too.  It's a tough job to be in because it's very clear what Associates do, and it's clear what Directors / MDs do, whereas VPs fall in the middle of that so are expected to do a little of both.

 
Most Helpful

ENlGMA

At the senior level it gets murkier and more culture driven as to who does what.  It depends, for example on how involved MDs are in execution, and also in how deal teams are staffed.  Sometimes VPs will work directly with MDs and oversee the execution along with the MD.  Sometimes the MD will just be a very high level coverage person and execution will fall to the Director who will talk through what's going on with the VP who will be expected to oversee the various workstreams.  Sometimes the VP will be staffed directly with analysts and expect to work as an Associate too.  It's a tough job to be in because it's very clear what Associates do, and it's clear what Directors / MDs do, whereas VPs fall in the middle of that so are expected to do a little of both.

Best answer right here

Edit: Also want to add. From a coverage perspective, some firms will expect / it is in the VP's best interest to start building their relationships and book of business. Some of my MDs also expect me to manage the day to day of some of their relationships and pull them in when needed.

 

Fuga fugit et ut odio qui. Ut est nihil est quia temporibus veritatis. Voluptas doloremque autem reprehenderit enim a dolor sit.

Voluptate maxime ad sunt omnis. Perferendis a nam officia rerum expedita. Qui laudantium inventore repellat culpa consequatur. Et repellat officiis itaque amet et aut.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”