Youngest VP?

I met this guy at the superday I went to at JPM.

He's a rockstar there...

i'm working with 1st year vps who've made it there in 6.5 years without going to business school. if they've been schooled in the uk they could made vp at 27.

A guy i worked with when I was a summer did direct promote twice. VP at 25 and change (21 at grad - 2 years analyst 2 years associate). Started at DLJ NY moved to DLJ LA and eventually UBS LA.

I heard boutiques are faster but there s a signifiicant difference being a VP at DLJ, one of the top banks out there at the time, and a VP at BB&T or Thomas Weisel.

This guy I interviewed with at a BB started as an analyst at 21 in 1995 and has gone straight thru and is up for MD this year. By that math, he would have been VP by 27. I am sure there are other stores like this as well. I have also heard boutiques can promote earlier than the standard.

one of my ex gfs is trying to convince me that her current bf just turned 26 and just got promoted to vp at Morgan Stanley....i don't think it passes the smell test

update hes in pwm

Know someone at a Tier 1 who did Analyst => MD in 10 years, and VP in 6.

MD by 29 and 30 (these are traders though)

Varadhan. Partner managing director at 28. Superstar.

Trading? I know guys who were MD by 26. I knew a 21 year old director once too...and a global product head who was 28.

Unbelievable... now I feel like a total loser :-(

Youngest VP Ive heard is 26

yeah I heard of that guy Ashok Varadhan but he's in S&T. I didn't realize he was a PMD at Goldman though, I thought he was a regular MD.

How do you start as an analyst at 21? When do people in the states start university? because in Canada we don't graduate till were 22 (18 at start + 4 yrs uni.)

uhh u take pseo and ap so u become analyst at 21

Wonder how it feels to work under such young hitters.

Eric Mindich was a partner at Goldman Sachs at 27. I have no idea what his assent to VP was like, but it must have been before 27...

Heaps of people start young here. I started at 22 after a combined degree. If I did a single degree I would have been 21. I know a friend who could have been an analyst at 20 a few years back.

senior MD in inst. equity sales at 29, just a BA from a non-target..Bear Stearns

what age would be the average for making vp? 22-23 analyst 24-25 business school 26-27 associate 28~ VP?

I know someone who was offered an associate position after two years. However, he decided to go back to school. How rare is this?

The whole class at one of the big groups that gets tossed around here a lot got offered 2nd year to Associate offers. It happens rarely tho.

I think one of the youngest was Martin Siegel at Kidder Peabody. MBA at 23; VP at 26; seat on the Board at 29 and basically ran their M&A practice by then.

He had lots of promise (and a real sharp M&A tactician) until he got caught up in the whole Boesky-Milken affair and barred from the industry. It would be interesting to see where he would have been today...

...in trading it is common...not to brag but i am a vp and less then 29 years old...in trading it is not common but not unheard of for someone to be an MD at 29-30. Its an amazing accomplishment but not unheard of.

I know someone that knows someone name Vinny who is a VP and he's 35. Ballinnnnnn!!!!!!!!!!!!!

bondarb i'm right there with you. it's not that uncommon at all.

the 21 yr old principal never finished college...was through grad level math classes at 18-19, worked at a bank and they said 'just come work here, forget college'. viola, working since 19, director by 21.

http://news.hereisthecity.com/news/business_news/6829.cntns

^^^Thats insane.

Schwarzman began his career in financial services at the investment bank Lehman Brothers, where he reached the rank of managing director at age 31.

Had it not been for my firm's capitulation, I would have been nominated at 24, and might have gotten it at 25 if my referrers gave me the support I was thinking they would give me. Instead, another firm took over and they had different rules about promotions.

Making VP before 29 is totally doable- in fact, three or four VPs I worked with got there at 26. Typically the regime is 2 yrs analyst, 2-5 years associate, then VP. After that, promotions get increasingly more about politics rather than, "Hey- you've been creating value for the firm for the past 2-4 years and gained X responsibilities; this schedule here says we need to promote you." The firm I worked for was arguably the best BB in industry when it came to fixed income research and trading, but in retrospect, I think they sometimes handed out promotions like candy to keep people from leaving when other firms were handing out bigger bonuses. A title is an inexpensive way for a firm to say it respects someone's work.

SVP or MD, on the other hand, is a lot harder to make in your 20s. Somehow, though, the 23-year-old VP doesn't surprise me. I'm not the brightest guy on earth and my SVP told me my responsibilities were that of a VP, he thought I had the references from other groups, and goshdarnit, he was gonna put my name in even if I was 24. "This is ____ _____, and at our firm, your title matches your responsibilities." There's smarter guys out there who are graduating a year or two younger than me and accomplishing more in their first two years than I am, so I would not be surprised at a 22 or 23-year-old VP at all particularly at one of the smaller and more meritocratic firms in NYC. (Think MS, GS, or maybe LAZ).

At most firms, making Associate is a layup, but VP IS a mildly political process. You get nominated by your manager, and then you have to come up with a number of referrers in different groups who are at or above a certain rank (typically VP or SVP). They then sit down, write your references, and forward them to the promotion board. The board examines the references, and assuming nobody has black-balled you, you get the promotion.

SVP and MD are a lot harder. At this point, large pockets of the population your promotion board represents are probably aware of your work and how you contribute to the firm. There's also only so many SVP and MD promotions that can really be handed out to one division, which makes for some pretty interesting political battles.

My view is that anyone who can make MD in an IBD or research division at a BB or MM firm can probably put in a really strong run for a seat in the US House of Representatives. That's the level of political skill you have to be operating at to get one of the 1-2 MD spots out of a division of a thousand or so of the smartest financial/quantitative/networking minds in the country. MDs seem to be a little less political in trading, but a lot of them still seem to enjoy the politics as a complicated version of chess.

When I was made a VP I was in a prop trading group and the group made a alot of money and there were only 6 of us in the group. I was the youngest in the group by about a decade and everyone else was an MD. There were definitely no politics involved, but then again this was at a bond dealership that ended up being bought by a major bank and the politics at this place were notoriously easy...it was just about making money and thats it. In fact, when I got my bonus number I spent the whole time talking about about money and trading capital for the next year and my boss forgot to even tell me about any change in title. I didnt even know I had been promoted until I saw my name on a list of VPs. I also would have traded that title in a second for more cash as it was totally meaningless back then at that firm.

VP is a title slung around in so many places. A VP in PWM or GWM and a VP in PE/IB is very different. Although "Presidents" in GWM make good money and MDs....well I think that's the same across the board. But VP is relative to parts of an industry.

[Deleted! No longer relevant.]

Anyone in London probably remembers this guy:

http://www.telegraph.co.uk/news/uknews/5779361/Successful-stockbroker-j…

If the tabloids are to be trusted, he was set to be promoted to VP at 25 prior to the inquiry. And he truly lived a models and bottles lifestyle...

Wonder how it feels to work under such young hitters.

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know a cash equities trader at gs is executive director at 29

Do you ever heard of Pierre Andurand, BlueGold Capital, London

He is the most-talented commodity trader behind John D. Arnold.

Both degrees reached before aging 24

>Master in Applied Mathematics INSA >Master in International Finance HEC Paris

He was Head of Trading at the Commodity Desk at Singapore, he left GS with Dennis Crema to relocate in Switzerland at Vitol, Nr.1 Independent oil trading company. He left Vitol at age 31 to start BlueGold, together with Dennis Crema.

There´s only one guy who was more succesful at GS than Mindich, its Cliff Asness(Quant).

He built up Goldman Sachs Global Alpha Fund and held MD position at GS before aging 30 (guess 28+) He left at 31 to start AQR, with AUM at its peak (2007) netting $41 billion.

But you don´t have to be a genius in IB to reach VP before turning 30.

For traders---> Perfomance,Perfomance,Perfomance M&A-----> Good ties and sales talent

Youngest VP ever was Zain Latif at age 23

Zain Latif

Born November 28 1983

Career

2004 HSBC graduate analyst class

2007 Merrill Lynch vice-president in emerging markets

2008 Goldman Sachs executive director in the emerging markets division

Youngest PARTNER at Goldman Sachs: Geoffrey T. Boisi at age 30. (7 years out of Wharton)

http://www.wharton.upenn.edu/125anniversaryissue/boisi.html

Good friend of mine is 26 and is a VP. Started as an Analyst at 21, 2 years to Associate, 2.5 years to VP. He was just over 25 when he was made VP.

The youngest MD in HF-business is definitely Gian M. Kull (Jana Partners)

Current Head of FIG at JPM made VP at 25, pretty impressive in IBD