What are the levels at the top for investment banks? I saw on levels.fyi that it's Analyst -> Associate -> VP -> Director -> Managing Director But, there's hardly any data, so I'm skeptical. Can anybody confirm this for Citigroup and Bank of America? Also, is Managing Director the cap before C-level? Also interested in levels for any other banks.
Usually there's one extra step between Associate and VP: AVP
This is mostly correct for Citigroup. However, some groups in Citi split VP level to Assistant VP, VP and Senior VP. VP and above can be terminal levels. From a total compensation point of view, VP, Director and MD can have pretty wide range. I’ve seen some Directors make less money than a VP. Also, though not usual, I have also seen Director reporting to VP. The closer the group is towards “trading” functions, the more directors/MDs you’re likely to see. Most C-level executives have MD as their corporate title irrespective of their job title (CEO, CFO etc).
Yes, that’s the typical progression followed by Partner. Spend some time on Wall Street oasis if you’re curious.
I'm one of the guys behind levels. Wallstreet Oasis is like blind for investment banking 👍👌