What is the ratio between, say, managing directors and analysts at BBs?

I was wondering how many analysts are usually headed by an MD. And how many VPs does an MD supervise? And how many associates each VP? and is there something between VP and MD? I often read Executive Director, but sometimes people say Executive Directors and VP are synonyms. True?
Sorry for these stupid questions, but maybe you can help clarify. Thanks a lot!

Region
 

Teams constantly vary depending on need. There is no clearcut answer at BBs. However, there is always the team leader who is an MD or an ED and then the line of business/group head MD oversees them.

Also, yes Executive Director and Director is between VP and MD and is not synonymous with VP. Typically Directors do the same job functions but they are more senior and paid better than VPs.

Executive Directors usually oversee the Directors and the rest of the team and are promoted to MD based on performance but not replaced by anyway in terms of rank or headcount. They just get a higher title

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
 
Best Response
yeahright:
Teams constantly vary depending on need. There is no clearcut answer at BBs. However, there is always the team leader who is an MD or an ED and then the line of business/group head MD oversees them.

Also, yes Executive Director and Director is between VP and MD and is not synonymous with VP. Typically Directors do the same job functions but they are more senior and paid better than VPs.

Executive Directors usually oversee the Directors and the rest of the team and are promoted to MD based on performance but not replaced by anyway in terms of rank or headcount. They just get a higher title

thanks a lot, that was helpful. I think I have a better understanding now. Correct me if I am wrong, but an MD heads a group (say ECM Technology, just as an example), a few vice presidents are below him and head sub-groups, and each vice president has associates and analysts below him. Executive Directors head groups as well and can be promoted to MD, but no new group or anything is added, it's simply a higher title with a higher base salary I suppose.

 
UK2013plus:
yeahright:
Teams constantly vary depending on need. There is no clearcut answer at BBs. However, there is always the team leader who is an MD or an ED and then the line of business/group head MD oversees them.

Also, yes Executive Director and Director is between VP and MD and is not synonymous with VP. Typically Directors do the same job functions but they are more senior and paid better than VPs.

Executive Directors usually oversee the Directors and the rest of the team and are promoted to MD based on performance but not replaced by anyway in terms of rank or headcount. They just get a higher title

thanks a lot, that was helpful. I think I have a better understanding now. Correct me if I am wrong, but an MD heads a group (say ECM Technology, just as an example), a few vice presidents are below him and head sub-groups, and each vice president has associates and analysts below him. Executive Directors head groups as well and can be promoted to MD, but no new group or anything is added, it's simply a higher title with a higher base salary I suppose.

MDs don't head a group. Most groups have multiple MDs who may or may not concentrate on a specific sector. One or more of those MDs is appointed as a "group head", who is tasked with handling the more operational aspects of the group.

MD / ED 0.5 VP/Directors 2 - 3 Analysts / Associates

Different banks have different titles. Analysts / Associates are generally the same everywhere with MD's at the top but the 2 or 3 titles in the middle vary.

I don't agree with this breakdown. Generally, there are fewer Directors / EDs than there are MDs, but the number of VPs is usually in-line with the number of MDs, and it continues to grow from that point lower. Analyst / MD ratios can be between 2:1 and 3:1, depending on the bank.

More importantly, IB doesn't really work in terms of "direct reports". Deal teams are staffed on a case-by-case basis, so one MD might be working with different Directors / VPs at different times. Within the deal team, it would be extremely unusual for more than one person at each "level" to be staffed on the same deal (i.e. 1 MD, 1 VP/D, 1 Associate, 1 Analyst per team).

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 

Inventore eius quia incidunt voluptate laudantium labore. Ea illum autem facere inventore atque quia delectus. Ratione aut odio quia magni pariatur quaerat voluptatem.

Tenetur rem itaque voluptas sed temporibus ipsa eum. Et enim nostrum voluptatum dolor vitae saepe.

--There are stupid questions, so think first.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
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...”