babygirl110
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#1
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I recently started dating a guy who is an Assistant Vice President at Barclays Capital. This title is misleading because it implies that someone is an executive when they aren't.

I don't want to start asking him about the structure of their hierarchy and salary stuff etc, because I don't want him to think that my heart is in the wrong place.

Does anyone know what a Vice President at Barclays Capital is and why the people are given such significant titles? He did ACA training.

I'm guessing a VP is simply an accountant, am I wrong?
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monk_keys
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so....many....smilies...to...cho ose...
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Tokyoround
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Not sure about BarCap specifically but rough guide: MD> Senior VP> VP> Assistant VP> Senior Associate> Associate> Analyst

Can take years to move up the ladder and the toughest jumps are at Associate to VP, and from VP to MD. Associates/analysts essentially do the grunt work. VPs still do some grunt work, but are expected to start doing more relationship building, winning business and generating leads. Usually MDs will almost never get their hands dirty (unless everyone else really ****s up) and are more focused on client relationships and winning business. There is more above MD but I doubt he will ever get that far, and there a varying levels of VP/MD and their responsibilities, all depends tbh. It's not too far removed from an accounting or law firm hierarchy.

Btw, your relationship is going to end in tears if you place so much value in this kind of meaningless stuff. Dating someone for their job title is ridiculous, I should start calling myself Chief Finance Forum Moderation Officer.
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babygirl110
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(Original post by Tokyoround)
Not sure about BarCap specifically but rough guide: MD> Senior VP> VP> Assistant VP> Senior Associate> Associate> Analyst

Can take years to move up the ladder and the toughest jumps are at Associate to VP, and from VP to MD. Associates/analysts essentially do the grunt work. VPs still do some grunt work, but are expected to start doing more relationship building, winning business and generating leads. Usually MDs will almost never get their hands dirty (unless everyone else really ****s up) and are more focused on client relationships and winning business. There is more above MD but I doubt he will ever get that far, and there a varying levels of VP/MD and their responsibilities, all depends tbh. It's not too far removed from an accounting or law firm hierarchy.

Btw, your relationship is going to end in tears if you place so much value in this kind of meaningless stuff. Dating someone for their job title is ridiculous, I should start calling myself Chief Finance Forum Moderation Officer.
I was just curious about this whole VP thing, it's never harmful to know about jobs on the market. I don't use that information to assess a person's worth.
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Mohamed Raffa
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Vice President is a title usually given to administrative employees of International Institutions especially in the Financial Industry such as Banks and Security Trading companies particularly those heavily involved with American markets or with US roots in their financial capital.
Barclays, Merrill Lynch, HSBC have thousands of Vice Presidents and Assistant VP's on their payroll. Although the title (Vice President) indicates second to one (i.e. The President Himself), the fact is that it doesn't.
In reality the term simply indicates the equivalent of a 'Clerk' in our old proper English hierarchy. However the title is bestowed generously upon those lined up for higher executive administrative/trading positions with a higher pay-out starting from:

Assistant Vice President (Clerk)
Vice President (Senior Clerk)
Senior Vice President (Supervisor/Dept. Head)
Executive Vice President (Manager/Director)
Senior Executive Vice President (Board Member)


Thank you.

Dr Mohamed Raffa
Banking and Financial Disputes Consultant
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AW1983
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In my firm we have various entry level clerical grades and then, from bottom to top it goes:

Specialist
Professional
Associate (previously Officer)
Senior Associate (previously Assistant Vice President)
Vice President
Executive Director
Managing Director
Executive Vice President (C-levels)
Chief Executive Officer

Titles though can be a bit misleading, as each firm will have different criteria for reaching each level. At my firm, someone on an average career trajectory will make Senior Associate in their late 20s (it may be much younger at other firms) and Vice President at 35 and up. Graduates on our graduate scheme who are good will become Associates at completion (normally age 24-25) and it's normal to be at each level for about 3-4 years.

Titles are also misleading within any firm because of the type of work someone does. Someone with an ACA working in Financial Reporting as an AVP/SA is going to earn more than someone at the same grade in an area that requires no specialist qualifications. Asking someone what they do will give you a much better idea of where they are going.
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