VP in tech branch of a finance company

Apple / Eng e=mc^2
Apr 19, 2018 11 Comments

On LinkedIn I noticed that a lot of folks with 10-12 years of total experience are VPs in the engineering branch of finance companies such as Goldman Sachs and JP Morgan.

Is it considerably easier to become a VP in finance companies as compared to tech companies? Are such VPs viewed equally in Tech industry if/when they want to move to tech industry? Please ignore my ignorance.

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TOP 11 Comments
  • LinkedIn MzqC50
    VP in a finance company is manager level at anywhere else.

    It goes Analyst (2 years) > Associate (2-3 years) > Vice President (2-4 years) > Executive Director > Managing Director

    Managing Director = Tech Director level
    Apr 19, 2018 3
    • Apple / Eng e=mc^2
      OP
      Got it. So a VP is the first level manager equivalent.
      Apr 19, 2018
    • LinkedIn DmVy77
      It’s not even manager. Senior ICs usually have VP title
      Apr 20, 2018
    • Chase / Product T3CH13
      VP isn’t 2-4 years, there are many associates with 10+ years experience. I’d say most VPs have 10+ years.
      Apr 21, 2018
  • Apple / Eng AppleyMan
    In banks, VPs (on the IT side) are very common and is basically a mid-level IC. Also their comp sucks! Even directors in most banks (on the IT side) make less than 250k. If you were on the money making side, this would be a lot different!
    Apr 20, 2018 2
    • Chase / Eng PjJD70
      Comparing total comp for VP in tech at Chase, it is basically around mid level IC. Top of SDE 2 and low Senior SDE range for most VPs. However, responsibilities range from high level architecture and design to managing teams of at least a few people. Generally no stock options, so total comp is generally worse than a comparable role in tech.

      There is no prestige as a VP at a bank, even though the title means something else at non financial companies.
      Apr 20, 2018
    • Apple / Eng AppleyMan
      Yeah. That is what I hear from my friends in banking. Honestly, a lot would love to move to FAANG but haven’t interviewed in years (some over 10) and probably haven’t written much code in a long time.
      Apr 21, 2018
  • Salesforce / Eng Ve
    I know someone who’s an SVP of architecture at Citi. He doesn’t have any direct reports and makes the equivalent of senior engineer.
    Apr 20, 2018 0
  • New / Mgmt
    RealValues

    New Mgmt

    PRE
    Citibank
    RealValuesmore
    Most VP developers would spend around ~60% of their time doing actual development at Citi. Citi NYC, your band as VP is anywhere between 80k-180k, bonus could be up to 100k at the top end, depending on your proximity to the revenue generators. The average is much lower.
    Jun 2, 2018 0
  • Amazon wwqwwq
    MD can be head of division. I know a couple that pulls in 3 MM + a year
    Apr 20, 2018 0