I don't know the exact number, but I believe it's absurdly high. What exactly do all of them do?
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I was there forever until I got laid off in March. I remember the days when we had the actual printed newspaper and every SVP promotion was announced, and photographers came to take photos of SVPs and they were in the annual report. Times have changed.
No, no we do not. But they saw the Diddy and the baby oil. I don't think it's okay to call it Epstein Island anymore. It's Scharf Island....and it's for ra-ing babies all night!!!!
Back in the 90's when you got a VP title you received 1-2 extra days of PTO.
You also had 2 weeks of sick leave separate from PTO and could accrue sick leave to a max amount (4 weeks usually).
HR took all those separate buckets, so the titles are now meaningless.
Oh yeah, the VP title means nothing. Was apparently an AVP in my last role for a year and had no clue until someone pointed it out to me. Kept that when I moved into current role, then last year they changed the titles and apparently became a VP. Yay I guess.
Realistically they mean nothing and look nice on a resume, but that's about it.
I'm a VP. It's a title given to a certain level of hierarchy within a given department.
VIP is not a senior title
No.
I was made a VP at my last bank many, many years ago, primarily because I was a Product Manager and I spent a lot of time talking to clients and apologizing for how much our products su-ked.
But yeah, I didn't do anything at all. Just sat around and collected a big fat paycheck for doing nothing - knowing that nobody could touch me because I was a Vice President at a Bank. I didn't design products, write requirements, guide technology in what to build and how to build it, listen to sales people whine, help clients when Servicing couldn't answer their questions, be held responsible for technical problems that I had nothing to do with since I couldn't touch code, write marketing content for marketers who had no idea what they were doing, etc. etc. Didn't happen.
What a stupid question.
Isn't "VP" anyone with 5 years of experience? The title doesn't mean anything
No title, huh?
Officer titles mean nothing and they proliferate at all banks. There’s an old joke about a bank that had more VPs than customers.
In a way, it's worse than that. They give corp titles to entry level individual contributors. They like to think of themselves as "high level" individual contributors, but that's an oxymoron. It's ridiculous that anyone with no reports has a corp title. Just nonsense. They already aren't worth much. No need to make them a complete joke with that kind of cr-p.
You can't swing a dead cat in this company and not hit a VP. Utterly useless title - honorary. It means nothing.
Lol. I am an executive director. It means nothing
The officer titles don't mean anything. Replace VP with "manager" and now we're talkin.
I used to be a VP, now a AVP. Was vying for EVP but was reduced to VP then re-orged to AVP and now regarded as a VIP. However, I am now on track to being an S-B.
Yeah, in a company where everything is centralized and even directors have very very little authority, the titles don't mean much. Still, they cost the company nothing and some people like them. If you're not one of them, that's cool, just delete it from your email signature.
all banks use titles to make people feel important and on the margin trade off salary for this lame title. i retired from wells after 40 years and when i started a senior vp was a god--- then they became glorified janitors.. i retired as an evp --which was the equivalent of a vp when i started. i thought the jpm team had gotten rid of these titles and grade inflation???