What is the average age of Director/Executive Director level bankers?
Got promoted to VP at 28 which seems like average age for VP’s. My group head told me he plans to promote me to Director at the end of this year. I’ll be 31.
Went from Analyst (23) -> Associate (26) -> VP (28).
All of the other VP’s at my firm are 28-34 and Directors are 33+. Just curious if it’s about average age for Director level. Seems like a lot of folks at my firm peaked at the VP level and it takes them at least 4 years to get bumped up to Director. Not sure how it is at other banks
(haven’t updated my title on WSO so ignore that)
Depends on whether analyst promote or MBA associates. Would argue that Directors more often are MBA associates vs analyst promotes to the greater chance the former leave rather than making it a career. If MBA associate, can assume 3-5 years older than average age of analyst promotes. Plenty of mid 30s VPs/late 30s directors.
Analyst 1 at 27 here :) :) (FYI in Europe, with 2 yr Master’s degree)
Same here 🙂 just finished BS in Europe and I am 26
Europe is a different story. Not as common to do an MBA (not as much of a guarantee you’d break in the first place), people may finish degrees in 5-6 years (especially if its STEM), offcycles are commonplace too (6-12 months as an intern).
I have seen offcycles who were 28. Nothing wrong with it, and if you want to be a career banker age won’t matter that much anyways.
Everything is bespoke.
I know a 33 year old MD.
And I know a 33 year old associate 2.
Can you share any insight on your progression from associate to VP? I don't have a lot of datapoints on how long it usually takes for an associate to be promoted but it seems like ~3 years is the norm, any tips on how you were able to rise up the ladder relatively quickly?
I'm coming up on my first analyst year in the books and starting to consider banking as a long term career. My firm does 2 year A2A promotions unless you suck so if I stick it out through there I want to take advantage of that head start and keep climbing.
Would love to hear about comp progression through the years.
Age ranges I have seen (including the lowest and highest):
Have you ever seen an otherwise capable young VP (or higher) struggle to gain credibility due to their age? Curious about this both internally with office politics or even in front of a client. I'm a 21 year old 1st year and looking at a 2 year A2A track, obviously nobody cares right now (and most don't know) but wondering if it will ever come up if I keep climbing the totem pole
If you work hard enough and max out that seamless, you’ll age well to be taken seriously
Honest question, am i gonna be too old for an1 at 30? Does it make more sense to go the mba route?
I still remember during my first foray into the industry, I used to think director must be super old. Think I pissed one of my director for assuming that he must be 45++ (he did look old tho) during one of our coffee chat, oof.
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