What level of title do VP and SVP of investment banks and commercial banks count as?

First of all, the trading houses are completely different.

Let’s talk about investment banks. I saw this question a few days ago and asked friends in investment banks and funds. The grading is different in each place. Compared with large investment banks, the levels are more distinct. Boutique investment banks (Boutique are slightly less obvious) mainly reflect On the front, middle and back.

The following investment banks are mainly based on Europe, the United States and Hong Kong, and the domestic classification is relatively chaotic.

First answer why you think there are more VPs. What you see should be the VP of Front Desk, and it is probably the Sales Dpt in Sales&Trading or IBD. Because VP LEVEL requires you to go out directly to connect with customers or projects, you will see more of them. As for the VPs I met, they are mainly executive talents with professional skills after a period of work (regardless of any type). Although many VPs will laugh at themselves, I personally think it’s pretty good

@李南, GS has 10,000VP/ED, 200 MD & Par around the world. I just sent an email to my friends in GS to verify. Passed.

The following answer gives a more detailed description of the different levels. Here we focus more on Front Desk. Middle Desk / Back office - Desk will be different, but the follow up is the same advanced position. Sometimes people in the middle and back will choose to switch jobs to the front, which will make it different. In addition, this classification is from the perspective of the Sale Side. The Buy Side is different and flatter. I will talk about the Buy Side later. At the same time, the Buy Side mentioned here will refer to two types that I know, one is Pure Trading / Hedge Fund / Prop Trading Desk, and the other is VC/PE level. The actual situation will depend on the situation, because each company’s classification is determined by the specific company. , especially Firm / Fund / Boutique

Business Analyst: Analysts are mainly responsible for industry surveys, reports, etc.

Associate: first round of contact, processing, analysis

VP/ED: VP for internal, ED for external. In fact, this level has relatively strong capabilities and strong execution, mainly in skills and execution, and has certain independent project leadership and analysis capabilities.

MD Level: The VP is followed by the MD Level. The MD level focuses more on management, risk control, and large-scale projects.

Par: Partner level. Today’s major investment banks are listed companies, so the Par honor is more meaningful.

Core-Management Level: This involves management and requires Professional skills are also management task types, various O, responsible for various different departments.

Head level: This depends on the situation of each company. Some departments like to call it Head of ? or something like that.

In addition, the Chase in JPM-Chase is the commercial banking department - comm-bank, which is different. I am not particularly clear about the VP in it

VC PE - Buy side It's a little messy, but the specifics are similar to the above, but because the Buy-Side is a bit flat, it may be divided like this:

Associate: one to two, sometimes doing concurrent analysis work and sometimes just doing it. Assistance (when there is an analyst department or team)

VP: Responsible for project docking, reporting, evaluation, etc.

MD: The position is the same as mentioned in the interview.

Par: Buy-side Par is different. There are two different types: Managing Partner, many of whom are recruited later with professional skills; some Par will be responsible for IR, and there are also There is Co-founder/Partner. This is usually the founder, who specializes in bringing in big projects, big customers and big funds. So some people say that the strongest and most important thing on the Buy-side is the Par level. This is the reason. Some Pars have internal management expertise or bring in technology. Some PE-VCs are not so detailed, or have a dedicated analysis department. Some PE-VCs, larger ones, are divided into more fine details. Senior will be added after asso, and Director, ED, MD will be added after VP, depending on the needs of each company.

As for whether it is a bad street, I personally think: No. The reason is because of the size issue. IB and Fund types are our own positioning as Pro-services. Especially for funds, there are not many people and the amount of funds managed is relatively large. Therefore, those who go out to connect projects actually connect with more resources and have higher skill requirements. relatively high. In fact, many of them are at the management level within some industries, and those who go out to connect are also vice presidents, chairman, and director levels, so it is normal to use the VP title to connect. You can also see from the above process that actually VP is connecting upwards. Except for the big Par which is more difficult, it is still possible to connect at the MD level. We work in small groups and work quickly, which is different from large companies.

I don’t like to look at heads on this kind of question, I like to look at personal skills, background and value, so I think most of the VP-level people I know are still okay

In addition, VP Sometimes I think the reason why it sucks is that many key resources on the buy-side are brought by Par. As the executor, the VP sometimes feels that it is not very important. But most of the VPs I know have professional technical functions.

In addition, Buy-side sometimes does not need to be like Sell-side, so the superficial requirements are actually lower, as long as your professional skills are particularly strong.

Hedge Fund / Prop desk / Trading desk are different. The entire company structure is the same again.