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A comment on The Seniority Roller Coaster and Down-Leveling in Tech. Parent comment

Re:The Seniority Roller Coaster and Down-Leveling in Tech by bluGill on Wednesday September 01, 2021 @12:11PM (#28381707)
Vice President has legal meaning as a title. Only a vice president or above can make some loans. Since banks make those loans all the time they need a lot of vice presidents to do it. In a small town bank with at most 10 people it makes sense, but for a large banks with branches all over the country you end up with a ton of vice presidents just for that need, but they don't really get any other authority.
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Re:The Seniority Roller Coaster and Down-Leveling in Tech by pm90 on Wednesday September 01, 2021 @08:43PM (#28387385)
Interesting. I always wondered why Senior level engineers at banks got the VP title. It seemed odd for someone formerly an IC to suddenly step into a VP level role, but this makes sense now.
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Re:The Seniority Roller Coaster and Down-Leveling in Tech by rpmisms on Wednesday September 01, 2021 @10:03PM (#28387931)
My Father-in-law is a VP at a banking firm, he's just a senior engineer, but he does handle plenty of financials. Makes total sense why he's a VP.
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Re:The Seniority Roller Coaster and Down-Leveling in Tech by ledauphin on Wednesday September 01, 2021 @09:59PM (#28387903)
but does it? are these software engineers actually making loans?
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Re:The Seniority Roller Coaster and Down-Leveling in Tech by lmm on Wednesday September 01, 2021 @10:16PM (#28388011)
No, but there are people at that level in the company who need to sign those contracts (I don't think it's loans specifically), and it's easiest to use a consistent title for everyone at that level.
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