Different titles in finance?

In IB/PE, I know the standard track is analyst->associate -> VP and so on.

Was recently speaking to someone in asset management, and apparently at big funds (fidelity and the like), undergrads come on as associates, get an MBA, and then would be promoted to analyst. They explained this and it made sense- an analyst is a research analyst, and an associate is short for associate research analyst. Any idea why IB/PE is different? Just curious what the logic is behind these titles

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AM is screwy as F***. An acquisition had me going from "Manager" to "Sr. Analyst" which is apparently above manager here? I'm also now reporting to a SMD instead of a SVP, which I guess is an upgrade?

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
 
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