Unregistered |
03-04-2012 11:28 AM |
They can (AVP band is one of the widest) and it is dependent on two major factors:
1. Years of experience
2. Job function
A young AVP can also adjust his/her pay quicker by either changing job function (within same bank) or joining a competitor.
I reached AVP in 4 years in corp banking (offshore bank), stayed in the same bank (joined since school). AVP Pay was ~$8k (immediately after promo). Left immediately after promotion to join another bank as a AVP. (role change. Now abit of investment banking elements) Pay rose to $11k+. Recently, (after 1 year) I've been approached to join a local bank, I've been advised by headhunter that the pay range for nego is (AVP: $6-18k)
Quote:
Originally Posted by Unregistered
(Post 23252)
This is nonsense. No way a avp makes $15.5k.
Don't confuse with associate director. AD is a VP equivalent role. And VPs will typically draw $15.5k area (+/- $4k).
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