After three years, a skilled vice president can advance to the position of director. Some vice presidents stay in the same position as long as they’re at their firm because of performance issues and because investment banks are decreasing the number of high-paid workers at the top of the managerial pyramid. Depending on the company and the skill set of the director, it can take anywhere from two to 15 years to be promoted to the top of the heap—managing director.
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