Looking at a few roles to apply to. There are so many postings for ‘Vice President’ roles, I’m struggling to figure out where in the hierarchy they belong. #jpmorganchase
VP roles in the tech side of IB’s can be thought of as Senior/Staff Eng roles equivalents. You’re usually an IC with either some kind of speciality or broad knowledge of internal systems and know how to work with stakeholders. As a VP your compensation might also include stock, which is uncommon or non existent for levels lower than that. If you intend on being an IC forever, then this role is probably terminal and you can’t really progress any further up the ladder. Any progress to higher levels (Director, MD) will involve some kind of management.
So you’re saying VPs are below Directors? Interesting
It maps to L4 or L5 in most cases. Comp wise it’s literally peanuts . You are lucky if you get 200k which is new grad salary in some tech companies.
What’s a director role at this firm?
Good follow up - second this
associate (2 levels) > VP (2 levels) > Executive Director (which I think now has 2 levels as well) > Managing Director. The MD role would be considered a true director role all the others are supporting as the company has multiple divisions and is then split into smaller groups which is why you see a sea of VP roles and a handful of ED roles but rare to see an MD role. Above MD are the senior and board level roles.
It’s a financial industry thing. Middle managers are given VP title to make clients feel important.
It is not true. We are in support space, so none of vps face clients.
So this is not true for thousands of VPs? What percentage of VPs are in support space?
VPs in wall street banks push hardware carts around. The roles you are thinking of are director/managing director level, and even of those there are 100s. At many banks you can have multiple SVPs even all reporting into each other.
They're looking for Patrick Bateman
Vp= senior software engineer .
Not really. There's Software Engineer III for senior engineer. VP is for a senior with more YoE, like minimum 3 years. And you need to be able to show some management level skills.
I wouldn't call a JP software engineer iii senior