Originally Posted by Unregistered (Post 176776)

Yup, you are right. The figures I shared earlier mostly relate to grad program hires as indicated. For MO/BO program, headcount is less than 10 for each BB every year (JPM/GS/MS/UBS/CS/Citi). The number is slightly higher for local banks. Note that the number of FO positions every year is also less than 10 for BB grad program.

10 includes ex-SAs who were offered FT conversion btw. Most of these positions are filled by them. Only have opening for straight FT intake if there’s a sudden requirement/interns renege on their return offer.

Originally Posted by Unregistered (Post 176744)

Banking VP can be reached within 6-9 years. VP in other industries will easily take you 15 years. Hence the difference.

No one goes to banking thinking VP is the holy grail (although it’s a 5 digit income). Those with ambition aim for director and above.

Originally Posted by Unregistered (Post 176786)

Agreed - settling at VP for the rest of your life is not a bad thing frankly. everyone has their own goals in life, some wanna rake that 500k p.a as an MDR, some settle for 250k as a DIR and others are good with 150k as a VP

Regardless, if you do reach any one of the above, you are v fortunate already and already the top 10% of the population so let's not take things for granted.. majority don't even earn 100k p.a. when they reach their 40s

Originally Posted by Unregistered (Post 176746)

After like 10 years in the workforce, the titles matter less but the money is what matters more.

Also for the previous poster who said "Banking VP can be reached within 6-9 years":
- Yes if you're FO, 6 years to VP is possible
- If you're BO/MO, i would never put a number to it because it varies tremendously (the best performers probably in 8 years, the avg maybe in 10-11 years, and the rest probably never)

Originally Posted by Unregistered (Post 176795)

I'm in an FO in a BB. Getting my associate in 4 months. The bulk of settlements VPs for my product group have been in the industry for 15 years. 3 of the AVPS are beyond 8 years experience.

Originally Posted by Unregistered (Post 176786)

Agreed - settling at VP for the rest of your life is not a bad thing frankly. everyone has their own goals in life, some wanna rake that 500k p.a as an MDR, some settle for 250k as a DIR and others are good with 150k as a VP

Regardless, if you do reach any one of the above, you are v fortunate already and already the top 10% of the population so let's not take things for granted.. majority don't even earn 100k p.a. when they reach their 40s

Originally Posted by Unregistered (Post 176809)

secretlab ian ang laugh at all you losers aspiring to be director or VP in bank.

i made 500k from stock market i also laugh at all you losers. dont know how many years u all need to slog like dog then can reach my level. somemore my capital can still continue rolling and growing in the stock market.

Originally Posted by Unregistered (Post 176818)

You talking about Neopets stock market?

Originally Posted by Unregistered (Post 176832)

Real stock market, i made more than u will save in 40 years probably

Enjoy rat racing u poor

Originally Posted by Unregistered (Post 176834)

yet you still need to wag your d*** in an anonymous forum