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Vice president in banking watch

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    Hey I was wondering how many years does it take to become a VP?

    Do they conduct the graduate interviews?

    What is a salary for a VP in a bank?
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    varies.

    sometimes.

    depends.
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    120-475k base
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    (Original post by John01)
    120-475k base
    60k-1000000000000000000000000000k base
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    475?! I could buy two ferraris with that :moon:


    But I think it's closer to 200k for IBD at a bulge bracket.
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    (Original post by Bustenhalter)
    475?! I could buy two ferraris with that :moon:


    But I think it's closer to 200k for IBD at a bulge bracket.
    Sorry for being so naive but what is Bulge Bracket?
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    Related question, my dad was a VP but now an MD at a BB. How is best to approach him for a job? I come from a target but I really particularly like his firm's culture and mentoring opportunities. I've been reading online about networking strategies and did some networking on my own for practice. Should I send him my CV or try to build up a relationship with him first?
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    (Original post by Ludovic_88)
    varies.

    sometimes.

    depends.
    Ludoviv, do you just post on all the threads bullsh*t posts?? get a life!

    basically it goes Analyst(2/3yrs), Associate (2/3yrs), then VP

    VPs are around £200k base and bonus completely depends on performance obviously
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    (Original post by I'mSet)
    Related question, my dad was a VP but now an MD at a BB. How is best to approach him for a job? I come from a target but I really particularly like his firm's culture and mentoring opportunities. I've been reading online about networking strategies and did some networking on my own for practice. Should I send him my CV or try to build up a relationship with him first?
    Come on, you act like you don't know your dad, he is your father ffs!

    "Hey dad, Can I come with you to work today?" - start with the simple networking...
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    Vice president in banking= A lot of arrogance.

    You will need it to get that high. This is not even a joke.
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    (Original post by ghettoboi90)
    Ludoviv, do you just post on all the threads bullsh*t posts?? get a life!

    basically it goes Analyst(2/3yrs), Associate (2/3yrs), then VP

    VPs are around £200k base and bonus completely depends on performance obviously
    it's not bullsh*t, it's true.

    it does vary (you've illustrated this in your own post), sometimes they do conduct interviews and the salary does depend on where/what division.

    it's a stupid set of questions in the first place and there are easily accessible resources to find out this sort of [email protected] at the touch of a button on google.
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    You usually get to VP after 6 years in an investment bank. 3 years as an analyst, 3 years as an associate, then you get promoted.

    By the time you get to VP, you'll be making around 120K at most bank, and usually get a bonus from anything from 100% to 300% of your base salary!


    There is this article that explains in details what Vice President in Investment banking do http://www.askivy.net/content/what-d...e-president-do

    But that is for M&A, I am not sure what they get in trading but my guess is that it is very similar!
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    (Original post by I'mSet)
    Related question, my dad was a VP but now an MD at a BB. How is best to approach him for a job? I come from a target but I really particularly like his firm's culture and mentoring opportunities. I've been reading online about networking strategies and did some networking on my own for practice. Should I send him my CV or try to build up a relationship with him first?
    Politely ask him for a coffee.

    Introduce yourself: "I am your son" would do.

    Tell him your dream has always been to provide liquity to the markets and move capital from firms who have it to firms who need it.

    EDIT: I gave it a second thought and I am not sure that saying you're his son is a good idea as he might get confused with questions like: "with whom?" "what's the name again?" ...

    It might be better to say your name and 2nd undergraduate at X
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    poor banter tbh^
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    (Original post by Hackett)
    poor banter tbh^
    Exceptionally poor
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    (Original post by Sir KBS)
    Exceptionally poor
    Seconded.
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    (Original post by Hackett)
    poor banter tbh^
    (Original post by Sir KBS)
    Exceptionally poor
    (Original post by TobeTheHero)
    Seconded.
    And you guys just brought it to a whole new level
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    (Original post by Bustenhalter)
    475?! I could buy two ferraris with that :moon:


    But I think it's closer to 200k for IBD at a bulge bracket.
    assuming you don't pay tax or require a place to live or food, yeah. you can
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    (Original post by I'mSet)
    Related question, my dad was a VP but now an MD at a BB. How is best to approach him for a job? I come from a target but I really particularly like his firm's culture and mentoring opportunities. I've been reading online about networking strategies and did some networking on my own for practice. Should I send him my CV or try to build up a relationship with him first?
    Made my morning
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    (Original post by blueray)
    Vice president in banking= A lot of arrogance.

    You will need it to get that high. This is not even a joke.
    any truth to this at all?
 
 
 
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