Re:Citigroup plans to hire 4k tech staff
by jbjbjbjb on Tuesday June 07, 2022 @03:20AM
(#31650875)
Just that the convention is different. It is just the third rung on the ladder in the finance world. You might manage a small team of junior staff.
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You don’t need to manage anyone to be VP. If you manage people you deserve a director title! More than 25% of Goldman Sachs employees are VP, for example. And of course the idea of title inflation can be rendered meaningless in any situation saying “it’s just a different convention”.
It depends on the bank. In some places VPs can manage a lot of people without being promoted to Director.