What do the titles mean at U.S. bank? I.e officers, VP , SVP, ect. Are they useless entries next to the employee's name?
6 replies (most recent on top)
I will tell you that I have earned and like my title. I am well compensated for my title and when the word “Senior“ is used it demands a little respect for the knowledge base that I have.
I removed my VP title from my LinkedIn since I am looking for a new job in cybersecurity.
It's nothing but a distraction for recruiters and HR.......... plus, all the "how much software do you want to buy" spam.
The title (VP and under) means nothing and as others have said, just an excuse to not pay you.
They don't mean anything. They're just used to attract and retain employees instead of paying them more. There's 20+ year employees without one but they also give them out to new hires. If you really want one, ask your manager. They'll probably try to con more work out of you, but there's a decent chance you'll get it.
Unless someone has an SVP title or higher they’re basically a plebe.
Officer titles typically follow certain salary grade (ex. grade 10-11 are typically officers or AVP's, grades 12-13 are typically AVP's, grade 14-15 are typically VP's and SVP's are generally grade 16 and above). Many officer titles are marketing titles for sales related roles giving clients some assurance that they are working with some who is experienced and can make decisions. That said, officer titles are not necessarily tied to income and salaries can vary greatly.
It is honorary bullsshhiitt to help insecure people feel important, despite having mediocre raises and horrible compensation.