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latch 4 days ago

In most BIG banks, "Vice President" is almost an entry-level title. Easily have 1000s of them. For example, this article points out that Goldman Sachs had ~12K VPs out of more than 30K employees: https://web.archive.org/web/20150311012855/https://www.wsj.c...

SteveNuts 4 days ago | parent | next [-]

Just like all Sales folks have heavily inflated titles, no customer wants to think they're dealing with a junior salesperson/loan officer when you're about to hand over your money.

It seems like every vendor sales team I work with is an "executive" or "director of sales" even though in reality they're just regular old salespeople.

jart 4 days ago | parent | prev [-]

VP at Goldman is equivalent to Senior SWE according to levels.fyi and their entry level is Analyst. I'm surprised by the compensation though. I would have thought people working at a place with gold in the name would be making more. Also apparently Morgan Stanley pays their VPs $67k/year.

philipwhiuk 4 days ago | parent | next [-]

Tech outstripped big finance corps tech a while ago.

Traders make loads, not the SWEs

bormaj 4 days ago | parent | prev [-]

That VP comp number seems quite low fwiw

jart 3 days ago | parent [-]

Yes how much longer till we see Morgan Stanley VPs picketing outside demanding a living wage and humming The Internationale.