You think that's unrealistic? Investment bankers don't do real work. They just collect people's money and frick around. Especially in the 80s when WASP yuppies ran the circus on Wall Street with impunity
In finance this is common. VP is just another word for mid level manager. Rankings go from analyst -> associate -> avp (associate vice president) -> VP -> SVP (Senior Vice President) -> MD/EVP (managing director/executive vice president).
Some firms don’t have avp’s and skip straight to vp. Some have positions between vp and svp like and fvp. It’s pretty firm specific. But vp is typically mid career and there are a lot of them at any given firm. At bigger shops evp is above MD and is usually a c-level position (ie ceo/cfo).
Source: I’m a 2nd year investment banking analyst.
>I’m a 2nd year investment banking analyst.
Mind sharing your salary and how that breaks down as an hourly rate? And how much of your day is actual focused work vs mindless busywork vs just sipping coffee in the office?
I'm currently feeling frustrated with my own career and IB was one of the paths I might have gone down after high school.
I make about $160k pretax. Work can fluctuate depending on how many deals we’re in the middle of. Right now isn’t the best time for IB since deal flow is low, especially for a mid tier firm like mine (I’m not at a bulge bracket). There’s a lot of down time, but if you’re in the middle of a deal you are expected and your boss wants you to fix a deck at 11:30 pm on a Friday night you need to be prepared to drop whatever you’re doing in order to get that request taken care of because at the end of the day, IB is a sales job and your whole job is to make sure your client is going to choose your bank for their deal and your MD’s livelihood can quite literally depend on the quality of your work since they are paid based on how many clients they bring in. So it can be very stressful in that aspect. If theres no deal I’d say I’m spending most of my days on call waiting for work to be given to me. Chill week I can work anywhere from 50-60 hours. If there’s a deal 80+ is common. I can’t wait to get the frick out of ib. I literally only see my family back home maybe twice a year. They don’t live in a great town for finance. That’s another problem. If your family doesn’t live in SF or NYC you have to accept the fact that you’re only going to see them during Christmas and you should expect to work during your vacation too. I won’t lie and say that you’re working non stop, but it’s the constant deadlines and tedious work you have to complete before the deadlines that wear you down
>I make about $160k pretax
Inc bonus? >If theres no deal I’d say I’m spending most of my days on call waiting for work to be given to me. Chill week I can work anywhere from 50-60 hours.
So in a good week you're expected to be in the office 50-60h but, say, half that time might be sitting around on Cinemaphile waiting for your boss to email you something?
Sounds like a decent deal for the salaries you guys earn but maybe I'm overestimating the value of erratic down-time during which you can't plan anything in case you suddenly have a ton of work dropped on your head. I'm only working ~40 hour/week with regular hours but it's solid work, once I step through the door I'm lucky if I have time to shit, never mind coffee or lunch.
I was a VP as a senior developer in a retail bank after they decided to align job titles with their investment banking arm. I never bothered mentioning it to people when I talked about my work, it just confused things.
That's the entire point, OP. Notice also how you never see anyone working in the film? They're nothing jobs given to people that didn't earn them, and if they disappeared society wouldn't ever notice
Isn't the whole point of the scene that they're all applying for a job as Vice President, which is why they all got new business cards printed with the same job listed on them?
>VP in a business =/= VP in government
VP just means you've been around for awhile and we need to give you an important sounding position name but I don't actually give a frick about your opinion
To be fair, Paul allens is actually the best one, 0 memes.
Patrick's phone number is all fricked up.
Numbers are misplaced, and I'm sure that's not a screw up or something, just the default cringe of that font.
In fact, every single one except Paul's does not have a period in-between the cell phone number.
The texture on Patrick's is fine, but the texture on David's and Timothy's is horrendous.
So overall, Paul does indeed have the best one.
How many VPs are in your company? That's what I thought
Four
not bad for a 27-year old
You think that's unrealistic? Investment bankers don't do real work. They just collect people's money and frick around. Especially in the 80s when WASP yuppies ran the circus on Wall Street with impunity
>wasp yuppies
>shows a israelite
what did he mean by this?
Jordan Belfort is israeli you moronic Black person homosexual.
VP in finance is a 3-4 years in the company position you spastic Black person.
they also have the same phone number
was the director even THINKING
>was the director even THINKING
What do you expect from a woman?
the company phone number, yes. Don't want to be called directly by just anyone you give a business card to.
In finance this is common. VP is just another word for mid level manager. Rankings go from analyst -> associate -> avp (associate vice president) -> VP -> SVP (Senior Vice President) -> MD/EVP (managing director/executive vice president).
Some firms don’t have avp’s and skip straight to vp. Some have positions between vp and svp like and fvp. It’s pretty firm specific. But vp is typically mid career and there are a lot of them at any given firm. At bigger shops evp is above MD and is usually a c-level position (ie ceo/cfo).
Source: I’m a 2nd year investment banking analyst.
>I’m a 2nd year investment banking analyst.
Mind sharing your salary and how that breaks down as an hourly rate? And how much of your day is actual focused work vs mindless busywork vs just sipping coffee in the office?
I'm currently feeling frustrated with my own career and IB was one of the paths I might have gone down after high school.
I make about $160k pretax. Work can fluctuate depending on how many deals we’re in the middle of. Right now isn’t the best time for IB since deal flow is low, especially for a mid tier firm like mine (I’m not at a bulge bracket). There’s a lot of down time, but if you’re in the middle of a deal you are expected and your boss wants you to fix a deck at 11:30 pm on a Friday night you need to be prepared to drop whatever you’re doing in order to get that request taken care of because at the end of the day, IB is a sales job and your whole job is to make sure your client is going to choose your bank for their deal and your MD’s livelihood can quite literally depend on the quality of your work since they are paid based on how many clients they bring in. So it can be very stressful in that aspect. If theres no deal I’d say I’m spending most of my days on call waiting for work to be given to me. Chill week I can work anywhere from 50-60 hours. If there’s a deal 80+ is common. I can’t wait to get the frick out of ib. I literally only see my family back home maybe twice a year. They don’t live in a great town for finance. That’s another problem. If your family doesn’t live in SF or NYC you have to accept the fact that you’re only going to see them during Christmas and you should expect to work during your vacation too. I won’t lie and say that you’re working non stop, but it’s the constant deadlines and tedious work you have to complete before the deadlines that wear you down
>I make about $160k pretax
Inc bonus?
>If theres no deal I’d say I’m spending most of my days on call waiting for work to be given to me. Chill week I can work anywhere from 50-60 hours.
So in a good week you're expected to be in the office 50-60h but, say, half that time might be sitting around on Cinemaphile waiting for your boss to email you something?
Sounds like a decent deal for the salaries you guys earn but maybe I'm overestimating the value of erratic down-time during which you can't plan anything in case you suddenly have a ton of work dropped on your head. I'm only working ~40 hour/week with regular hours but it's solid work, once I step through the door I'm lucky if I have time to shit, never mind coffee or lunch.
You got an exit plan in place?
So there's no actual president?
CEO is typically the president. Or managing partner if the firm is a partnership.
This... We broadly have analyst -> associate -> director -> managing director -> c-suite
Frick sake... Analyst, associate, VP, director, MD... I'm retorded
I was a VP as a senior developer in a retail bank after they decided to align job titles with their investment banking arm. I never bothered mentioning it to people when I talked about my work, it just confused things.
>Aquisitions
how did no one notice that?
English is difficult.
> Dear diary today OP was a regard again
you can say moron here, this is not r/redscarepod
That's the entire point, OP. Notice also how you never see anyone working in the film? They're nothing jobs given to people that didn't earn them, and if they disappeared society wouldn't ever notice
My department alone has 2 VPs
In the story none of them do any actual work
>company has 4 (four) VPs
That's the joke, they all share a meaningless job title and do meaningless "work"
>company has 4 (four) VPs
>but only one CEO
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
They’re all the same people inside Batemans head
Isn't the whole point of the scene that they're all applying for a job as Vice President, which is why they all got new business cards printed with the same job listed on them?
>VP in a business =/= VP in government
VP just means you've been around for awhile and we need to give you an important sounding position name but I don't actually give a frick about your opinion
4 VPs Jeremy? That’s insane
I used to work at a financial loan bank, we had like 20 VPs. every department had a VP.
weirdly enough, there were only 2 presidents
>Goldman Sachs has between 10,000 to 12,000 vice presidents, which comprises over 25% of the company's workforce.
To be fair, Paul allens is actually the best one, 0 memes.
Patrick's phone number is all fricked up.
Numbers are misplaced, and I'm sure that's not a screw up or something, just the default cringe of that font.
In fact, every single one except Paul's does not have a period in-between the cell phone number.
The texture on Patrick's is fine, but the texture on David's and Timothy's is horrendous.
So overall, Paul does indeed have the best one.