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.
Many investment banking professionals leave the industry to start a company or work at a private equity, hedge fund, or venture capital firm. Some move on to work for financial consulting firms such as McKinsey & Company, PricewaterhouseCoopers LLP, EY, Deloitte Consulting LLP, KPMG LLP, Bain & Company, The Boston Consulting Group, Accenture, Oliver Wyman, and Booz Allen Hamilton. Others become college professors.
- Accountants
- Auditors
- Chief Executive Officers
- Chief Financial Officers
- Commodities Brokers
- Compliance Managers
- Financial Analysts
- Financial Consultants
- Financial Institution Officers and Managers
- Financial Institution Tellers, Clerks, and Related Workers
- Financial Quantitative Analysts
- Financial Services Brokers
- Hedge Fund Investor Relations Specialists
- Hedge Fund Relationship Managers
- Investment Banking Analysts
- Investment Banking Associates
- Investment Banking Sales Brokers
- Investment Banking Traders
- Investment Fund Managers
- Investment Professionals
- Investment Underwriters
- Mergers and Acquisitions Attorneys
- Mutual Fund Customer Service Representatives
- Mutual Fund Wholesalers
- Private Bankers
- Regulatory Affairs Managers
- Regulatory Affairs Specialists
- Wealth Management Associates
- Wealth Management Investor Relations Specialists
