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What are the key differences between an analyst, an associate, and a trader? Watch

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    Question in the title.

    EDIT: I feel like a bit of a retard for asking this now, after reading around a bit more.
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    (Original post by Prince of Zamunda)
    You're mixing up a job title showing seniority in a bank, and a job function showing what someone does in a bank.

    A new grad starts as an analyst.

    The normal progression upwards is then
    Analyst > Associate > Vice President > Executive Director/Managing Director etc

    It's normally quite structured until one hits VP level i.e. 3 years as an Analyst, 3 years as an Associate, 2 - 10 years as a VP.

    Some people do get promoted from Analyst to Associate, and from Associate to VP in less time than normal, but this always depends on the persons performance and the firm's needs. At VP level, promotion upwards tends to get a lot more difficult and is a lot more political.

    This is the norm whether one is a trader, or a banker i.e. there are analyst traders, associate traders, as well as analyst bankers and associate bankers etc

    Hope that made sense.
    That's absolutely perfect, thanks!
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    VP is also called 'Director' at some banks .
 
 
 
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