SleepyRaccoon
SleepyRaccoon

Guys at BlackRock, WTF is this

Recently came across this on my LinkedIn. Just out of curiosity how does this happen. I mean the guy started as an Associate 2.5 years back and is now a VP.

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MagicalQuokka
MagicalQuokka

VPs are inflated titles in investment banks and other financial services companies. Such companies often have hundreds or even thousands of VPs.

This was done to make their clients believe that they're interacting with important people ("VPs") even though they're interacting with someone with 3-4 years of experience.

SleepyRaccoon
SleepyRaccoon

😲 Bhai vp level par bhi yeh sab hota hai

ZippyHamster
ZippyHamster

I work at BlackRock and confirm this.

SparklyNoodle
SparklyNoodle

Once I went to private banks HQ for meeting with VP, I thought meeting will be in his cabin but whole floor was filled with VPs only 😂😂😂😂

CosmicDumpling
CosmicDumpling

In financial companies, VP is given out like cakes.

SwirlyTaco
SwirlyTaco

In Banks VP is a starter grade. Campus hires are VPs.

SwirlyNoodle
SwirlyNoodle
Student16mo

In IBs, you can easily become a VP in 2-3 years by just using vlookup and pivot in excel. It’s similar to Assistant Manager designation being given in banks. The more knowledge you have, more time it will take for you to get promoted, bcz in that case company has to justify why this person has so much knowledge and know so much about work even at higher position.

ZestyDonut
ZestyDonut

JP morgan ka chai wala bhi VP hai bhai

FluffyNugget
FluffyNugget
Plivo16mo

If BlackRock doesn’t have AVP i.e. Associate Vice President then VP makes sense. But if AVP exists then it’s like double promotion

SillyNoodle
SillyNoodle
Yahoo16mo

VP in finance = SDE 2 in Tech

FuzzyNugget
FuzzyNugget

VP in financial companies are different.

VP= Assistant Manager

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