Hi, I wanted to ask for some advice from folks who have worked in MS, Citi and BAML on the seniority of the titles I am being offered.
I'm currently an Executive Director at Morgan Stanley and have two offers on the table to move - Senior Vice President at Citi or Director at BAML.
At Morgan Stanley, ED is the level below MD and I believe Director is also the level below MD at BAML. However, I'm conscious that at Citi, SVP is not the level below MD and there is a Director grade in between. The hiring manager tried to downplay my position as ED at Morgan Stanley and claimed it was equivalent to SVP at Citi. Personally, I felt that I should at least be able to claim the Director title but appreciate there is no direct way to compare the two.
Am I being played by the hiring manager at Citi? Should I therefore go for the offer at BAML? I don't want to be taking a step back in my career.
How Do Rankings Work at the Different Banks?
Our users shared the following progressions for MS, Citi, and Bank of America.
Morgan Stanley progression is: Associate -> VP -> ED -> MD
Citi progression is: AVP -> VP -> SVP -> Director -> MD
BAML progression is: Analyst -> Associate -> Vice President -> Director -> Managing Director
When in doubt you can refer to this generic hierarchy break down.
Read More About Bank Hierarchy on WSO
- Can Someone Explain The Investment Banking Hierarchy?
- Retail Banking And Corporate Banking Hierarchy?
- What Are The Hierarchies For The Different Type Of Real Estate Jobs?
Preparing for Investment Banking Interviews?
The WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry. This guide will help you learn how to answer these questions and many, many more.