Comments (13)

Jul 11, 2019

Would say that given the accelerated 2 yr promotion schedule from A2A, and what is a pretty standard 3-3.5 year track Associate length, that this is definitely not unrealistic. You might not hit VP at the bank you're climbing at as a junior, but you would land VP somewhere.

Graduating college @ 22/23, that's VP around 28/29 which looks right to me

"If you have a difficult task, give it to a lazy person; they will find an easier way to do it." - Hlade's Law

Jul 11, 2019

Based simply on math - if you are A2A and not a VP by 30 then something went wrong.

Bigger questions around the daily grind, skill level, client facing abilities, etc.

VP promotion isn't typically a level people get weeded out at - that typically happens at director level. It's more about taking the pain and punishment over 5-6 years until you're up for promotion.

Jul 11, 2019

Yeah, agreed with the comments above - achieving VP by 30y/o shouldn't be that much of an ask.

The impressive people are the ones that make MD by 30y/o. Eric Mindich is possibly the most renowned alumnus of this class: worked at GS in his summers while at high school and college, graduated with a degree in Economics from Harvard, joined GS as a full-time employee in 1988, became the firm's youngest ever partner at 27y/o in 1994...

    • 1
Jul 11, 2019

Do you think that is still feasible today? It seems like the promotion track is so standardized now compared with the 80s and 90s that exceptions wouldn't be made even for the sharpest bankers in deviating from the standard timeline.

Jul 11, 2019

Yeah, agree that it used to be a lot more common / less structured, but I have seen it happen in recent times. Knew a rates trades at a BB who was an MD, and he was 29y/o. Guess it's one of the few advantaged S&T has over IBD: if you're excellent, it's easier to move up the scale (mainly because you can begin to generate meaningful revenue at an earlier stage).

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Jul 11, 2019

We're talking about IBD though, where making MD in IBD before 30 is almost unheard of at any legitimate shop given the structured/linear nature of the business

In the Securities division, accelerated promotions based on merit and ability are much more common - i.e. Eric Mindich. Ashok Varadhan, the current head of GS Securities Division also made Partner MD before 30

To answer OP's question - every A2A will make VP before 30 if they are good

Jul 11, 2019

Agreed, a good question would be is director by 30 possible? I would think that most people hit director around 33-35.

I've only seen one guy at my firm who is a 2-3rd year director and is around 32/33. Think he graduated from HYP law and came in as a VP after 2-3 years of working M&A law (partner brought him in) and then after 3 years hit director by the age of 30(ish)

Jul 11, 2019

The traditional promotion cadence allows for VP by late 20s if A2A. I was A2A and made VP when I was 28 and D when I was 31. After making D level, the earlier you can consistently generate revenue, the sooner an MD promotion will be.

Jul 11, 2019

Was all the grinding worth it?

Jul 11, 2019

Every A2A in my group who is 30 is at least a VP. Just do the simple math - 2 or 3 years as analyst and 3.5 years as associate.

Jul 11, 2019

The soonest you can hit VP at my shop is 4 years (accelerated A2A then accelerated to VP)

    • 1
Jul 16, 2019

I've seen anywhere from 1.5-5 years. Sometimes I was shocked to see some individuals move up the ranks so quickly. It seems in some cases, to be a combo of hard work you put in, in the beginning & who you know & get close to, so start making friends in that respect if you haven't already.

Jul 16, 2019
Comment