Located in a MCOL area. I sell luxury real estate in NJ close to NYC. I don't see myself too long in my current company (started early this year, but I have a good feeling about 2-3 yrs max. Or questions about your future and goals. VP at JPM is a large band from 150-250k it really depends on area/LOB/role/team size and years of experience. MDs will cover a whole line of business. But it’s more likely to be big picture stuff. If the IB door is closed for you, join a company that has both, become an all star performer, and network with the team you want to be in. The world of PE is vast, you have different types of firms: Buyout, Growth Equity, Distressed - Turnaround, VC, etc. Most of them followed a career path along the lines of paid internship in college, analyst position for two to four years, promotion to VP by 26 or 28. It's weird to think of VP as possible being an IC but it's we'll understood on the finance world. All the best. My company is stingy with titles, and the Sure. You wouldn't fill out the entire team through the firm. In my department employees make well into six figures a year. They didn't have any case studies or strategy specific questions in the interview. It’s a well known fact that the department manager at resort’s world was taking in $10k bribes for the 40 full time positions she needed. Not specific questions but questions that can display you are making a good effort to learn and showing you are understanding the work. But that will never happen as long as IT remains an afterthought within the finance department. I have my first real 30 minute interview with the VP of Finance tomorrow for a financial analyst intern position, after a HR phone screening. This is a $2 billion aum hedgefund with some hybrid pe fund stuff. Add a Comment. You will do everything in the following context: - very little resources (companies growing are always short of hands). Year 5: CFO (growing 100% per year and raising millions from investors). In these industries, VP is right after associate, and Director/MD is above. Looking at the wealth management structure on their website it looks like a wealth planner is "below" the VP, Financial Consultant. I’m interviewing with 6 other companies as we speak, 3 are approaching what I would hope are final stages. I can almost guarantee they do everything they can to minimize any IT It’s really easy to use but it costs per person, our dues are $600 so it’s takes $18. You think you feel the heat as an AE multiply it by 10 for a VP of Sales. Lol funny how over time Reddit always averages out to the viewpoint of a 20 year old. My guess is finance will be one of your primary business partners. So yes, it's possible to go from big 4 tax to controller/CFO/VP finance role, but it's not going to just fall in your lap. It absolutely does happen. 5 hours ago all the comments were just people saying it was BS inflated titles. Sales VP offer at Series C Tech Startup. You'd use the firm to hire your most senior employee VP, CFO, Controller, whatever and then they'll recruit their team directly. Hello, I'm about to interview for a VP of Finance role that oversees all things accounting, FP&A, and "strategy" (deal analysis). At many banks, you have Officer AVP, VP, First VP, Senior VP, Executive VP, Senior Executive VP And all the flavors in between. They throw VP around to bait externals. I was chasing a girl in a west coast tech hub with a limited finance scene. It is exactly like you say. Most likely, these jobs would come to you. In most of finance you will be expected to be able to have good conversational skills with people at any and all levels of the company. I am interviewing for a vice president position for Goldman Sachs. I did an AMA last year and got some interesting responses. Experience you don’t usually get in fp&a. When I have these sorts of meetings, I legitimately just want to get to know the person and see how they are doing. I'm sure you've been involved with some of these activities (board deck, ad-hoc analysis, raising capital, banking relationships, strategic initiatives). VP of finance is a similar role to the chief financial officer (CFO), and in smaller companies, the roles are combined into one position. I want this job, and am willing to put in the time and effort to get the f out of pa, and be a good tax person at the hedge fund. I’m talking to my VP of Finance in 30 minutes about needing a $25k raise and a Manager title. I would say with VP your bonus pool is larger VP of Finance is going to have more involvement with working closely with the CFO/CEO. Company: early-stage, consumer goods, just the CEO and a couple of other employees. Any idea what can I expect? This is a Sr FP&A role. Most companies realize this when they attempt to do it. You get VP (or promoted in general) by performing well at your job and asking for a promotion way before you want to be promoted. depending on benefits. ago. Popular Search. I’m currently a SFA with an aerospace manufacturing company and I’ve been here for two years. In larger companies the more engineering leadership you are providing the closer you report to the VP of engineering. I am expecting an offer in the next few days. Hello fellow accountants, I'm currently a controller in asset management industry and thinking about my career path. Masters vp takes 5 to 7 years. Tier 1 role is a Financial Consultant, Tier 2 is Wealth Planner, Tier 3 is VP, Financial Consultant. I would say Principal is higher than VP, and probably more equivalent to ED at a bank. Further being a CFO understanding M&A/ the 3 sheet is a necessity. Also, I worked in Project Management for like 6 years in entirety different industry. The key difference between "Head of," "Chief," and "VP" titles is that "Head of" typically has a more operational focus, whereas "Chief" and "VP" titles typically have a more strategic focus. I think it depends on the group/vertical, but VPs in my group/vertical probably work 65-75ish hours a week on average, and the work is definitely less draining than the Analyst or Associate expectations. Signing contracts, authorizing hiring and firing decisions, approving policy exceptions, etc…. Nov 27, 2010 ยท VP is usually a high ranking position outside of banking. 100+ people. Business, Economics, and Finance. You gotta play the cards you are dealt and hope for the best. It’s meaningless. Compensation level for VP level roles in firms owned by PE companies. The person before me has like 10+ years of solid credit fund experience. Any input is appreciated. For example, a "Head of Marketing" would have an operational focus, such as managing the day-to-day operations of the marketing team, while a "Chief My ex finance disciplined my daughter and says I’m irresponsible so I kicked him out out. CTP certification focuses on cash management. As a Vice President. Any pointers? Interview Advice. The top companies hiring now for vp finance jobs in United States are SIMONA Boltaron Inc. I am in the final rounds of interviews to be offered a Sales VP opportunity at a Series C SaaS tech startup (series c recently raised, 120 employees, market leader in their segment). •• Edited. Facing headwinds currently due to 1) the fact that VP roles open up sporadically compared to other levels 2) feel like a lot of the VP roles end up going to internal candidates and/or external applicants that are already VPs at other firms. The fact is RDS has support of moderates and would be the ideal VP. Looking to get insight into the SVP title at Citi. But, again, we're talking about people in the top 25 at some of the most profitable companies in the world. However, your company might also cover the cost. It would be easier to go IB -> Strat Fin than FP&A -> Strat Fin. Reading the VP, FC job description it says the VP, FC role works the wealthiest clients in that branch. Average $150k and some of the most senior full timers make $300k. View community ranking In the Top 1% of largest communities on Reddit Is this tech startup job offer market for VP, Finance & Operations? Hi all - pleased to say that I received a startup job offer after 2-3 months of recruiting. I get to solve analytical problems for a socially minded fintech that's growing 100%+ YoY. So I'm applying for a role that is basically a Head of Finance (but is titled Finance Mgr - and it seems because the founder isn't well versed in what level Finance professional he needs in terms of title). Generally, it is going to take 300-700 hours over 2-3 years to get a part-time MBA (you are probably talking 5-20 hours per week over a 16 week semester, for a 3-6 semesters). They got along great. Do you think a 23 year old with 2 years experience could land a VP job at Apple? If not, obviously there’s a difference. No range given but likely $125k-$175k + 50%-75% bonus. VP of Finance interview help for someone that climbed from Accounting. I went finance to tech. How much should you be earning in your age per month: These are your minimum goals, you can definitely go higher if you play your cards right in corporate PH. Hello everyone! The Powerlifting Club at NAIT is looking for a VP of Finance to make the club official! If you are a NAIT student (preferably in the Finance program) and are passionate about strength training and the sport of powerlifting, this is your opportunity to be a part of a great community! (VP said over 200) With the VP, we actually had such a good discussion, we went over the time allotted. Here is a I disagree. Time. This is more of a career post, with how I can convert my corporate experience into startup experience. I 34 F have a 10 year old daughter. Be professional, polite, and treat it as an interview all the same regardless of what they say. Company does ~$60M in annual revenue. State schools might be 80-100k all-in, a smaller school could be 3k per course. Also my literal S tier are Noem and Reynolds who are both milk toast conservative governesses I feel that if Trump really wanted a chance for the 2024 presidency he would apologize for the election fraud bullshit and pick a more moderate candidate. Her father passed away when she was 3. Crypto I work in consulting and work across many clients and industries. This is my first real interview, so I’m not sure what to expect and if the interview would likely be more technical or behavioral. 90 out the rest goes to our bank account. What does a VP Finance do? Finance managers analyze every day financial activities and provide advice and guidance to upper management on future financial plans. 20 to 30: between 25k to 80k 30 to 40: between 100k to 400k 40+: 500k and up. Not a VP of sales but know this is a tough job. I met my now ex fiancé when she was 6 and I waited a little over a year for him to meet her. Also, how does it compare to VP or ED at JPM. VP here. In many finance roles, VP just means manager. Usually phds can make vp in 2 to 3 years. I would recommend using excel or google sheets and updating it with members names and the amount owed and paid so you have an idea of what’s going on and when you transition the position the next VP of Finance can They will have a VP of finance, manufacturing, HR, Engineering. 1 YoE in corporate accounting + some strategic finance work at pre-IPO startup in NYC - making $60k I've been saying $85k - 95k when people have asked for expectations. This is a very stupid question but what should I expect to be asked? This is the final round and they asked me to tour the office and speak to the cybersecurity, Governance, Risk & Compliance Manager and VP of Finance in person. Will retire in 3-4 years after we transact. and different industry focused: TMT, REPE, etc. Principal will almost always be the much higher role. They are the root of all major business decisions and their role is crucial to the success of any organization. Reply reply. #1 is sort of accusatory (and like you’re trying to get confidentially information) and #2 sounds like you are sucking up. What to expect - interview with VP finance. End of quarter and end of year work 24/7. I am very comfortable with accounting and FP&A (forecast, budgeting, variance analyses, etc) but very weak at deal analysis. This time around, I'd love to answer any questions you have about banking regulations, laws, and even individual questions about your accounts. For context, I'm a Senior Finance Director currently and trying to get to the VP level. VP is the most junior 'senior' title in most high finance firms (IB, etc. Expression7. Share. I left in May 2020 on good terms to pursue a career in software development. You must become recertified every three years by paying a fee and completing 36 continuing education credits. FP&A managers, VP Finance, Finance Controller, $120-250k+ really depends on the city and how large the company is. Don’t ask those questions. Since then, I've been focused on a self-taught route. Year 2-3: ECM at BB. One thing that our VP finance did was give a breakdown of the budget showing exactly where all of the money was going! It was nice to see how our dues will play out (: ours did a financial tip/trick of the week where she would talk about anything from deals, smart saving, or how to budget yourself and our chapter loved it. I have an interview with the VP of Finance and I feel like I am way under qualified. dneronique • 9 yr. And if you’re told it’s too soon, then ask for specifics on what you need to achieve to get promoted, and deliver on those specifics. r/AskHR A chip A close button A chip A close button In my early 40s. VP just means you get paid lowest rung of 6 figures. For someone on the tech side, VP basically corresponds to 'Senior Programmer'. It's usually the highest level you see given to a developer that still actively programs. Once you work there for a year and get to know people, it is very apparent that it is meaningless. If you get your CPA you will basically be guaranteed a job, but you want to make sure you actually My100PoundJourney. The work in PE is still pretty much like IB (modeling, deck, etc. From there, the sky is the limit really. I'm in a similar spot. At typical corporates, VP is generally more senior than Directors and so there are less. I’m currently at a publicly traded company and fairly well compensated with salary, annual bonus and RSU’s (3 yr vest, but I receive We would like to show you a description here but the site won’t allow us. It’s pretty simple. Some roles involve investor relations. Currently working at Fortune 100 Automotive company and work in a small Finance team, basically the VP of Finance calls the shots. In most cases a VP title indicates the individual is authorized to make legal commitments on behalf of the corporation. I was the top finance person for a small food service company for about 6 years (with the company for almost 8). Be prepared to have more of a strategic conversation, prepare examples of times you’ve worked with finance in the past. If your in nyc you need to be target school with a masters degree. 3. Banks love to gives sales guys VP titles quickly to give them credibility. Need advice for Goldman Sachs VP interview. I’ve had it described as an SVP being a junior ED and a Director (at Citi) closer to a junior MD. , Ochsner Health, 802 Credit Union, Knife River Corporation, Fisher Investments, Product School, Goodwill Industries of Southeastern Michigan Inc, Warner Music Group, Albright College, HomeXpress Mortgage Corp. Almost half of my customers (buyers, not to be confused with clients) are in finance. I'm happy to report that I got the role! A big thanks to the users here! Coming from accounting, this sub has really helped me learn the finance/strategy side of the business. We would like to show you a description here but the site won’t allow us. You can’t call it the norm or an expected track but I’ve worked with plenty of VP’s and F500 who are around 30-35. EDs typically have a few lead VPs. The thing is, a lot of clubs operate with relatively little oversight from McGill (not necessarily the worst thing, imo). You’re at 7 YOE so expect around 7-10% bonus (higher end based on performance). I agree that it’s unlikely to be technical questions - unless the VP has a technical background, then who knows. NYC is more competitive than other markets. I was promoted from VP when my CFO got tapped to go to a different PortCo. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Posted by u/frenlaven - 94 votes and 76 comments View community ranking In the Top 1% of largest communities on Reddit Is this startup job offer market for VP, Finance & Operations? Hi all - pleased to say that I received a startup job offer after 2-3 months of recruiting. r/FinancialCareers. Getting a CFO title would enable the opportunity for some small regional BOD roles, which would be cool to have a part time job when I retire. So this is also an opportunity to test those skills. A vice president of finance is in charge of overseeing company financial records and projecting future financial investments and plans. I'd really like $90k but I'm not sure if that's too ambitious. Technically, it's embezzlement. Wake up early, stay until the markets close, debrief, go home. Year 4: VC/PE Investor at a Family Office (+1bn aum). You can do it with masters, but progression will take 5 years longer. The money is out there, you just need to make the best of the situation and your expertise. SVP’s certainly less so. As you're discovering, hiring executives and higher level employees through online platforms is difficult. To take the CTP exam, you must have a minimum of two years of finance work experience or a combination of a master's degree and years of experience as a finance professor. Promotion to senior manager gets you closer to $180k plus 16% bonus depending on company performance. This totally depends on the company. Selling, recruiting and blog spam will result in an immediate and permanent ban. Econ gives you more options outside finance, but requires you to do more to show employers you really want to do finance. Responsibilities: supply chain management, finance, hr, general operations. Looking for advice. Tenures are very short and the pressure is immense. I am hoping to land my first Data Analyst position at this manufacturing company. In theory, presidents, treasurers, VPs Finance, etc. Basically everything past the point-of-sale. So spending on the size of your company and the position you are applying for it isn’t unusual to interview with a VP. These jobs are extremely hard to get into and being from tax probably wont help. I told my MD today that I am likely taking the offer, then received a Teams message from him asking if a promotion to VP would convince me to stay. When I transitioned from auditing to finance analyst roles, despite the VPs and Managers telling me to freely ask questions I realized they weren’t really amused by some of the questions even though they would tell me to look at the data and just point out We would like to show you a description here but the site won’t allow us. Trading floor Trading probably has the best hours in banking. . Generally though, you're looking at 9am to 10 or 11 pm, six days a week, which is medium level for banking. Corporate Finance is a great career path that has a lot of potential for upward mobility. I’ve been approached a couple of times by industrial companies that are owned by a private equity company that need a VP of Supply Chain. However, in the back of my mind, I feel as though I need to start building my FP&A skillset to become more of a “well rounded” candidate for eventual VP of Finance type positions Will I be stunting my professional growth, if I were to work in accounting advisory for 1 - 2 years and then make a move into an FP&A type role? Job title: VP of Operations. Starting pay is $130k plus 12% bonus give or take based on company performance (you usually get at or above the bonus target). Everything you need to know about sales, selling, business development, lead generation, prospecting, closing and more! Recommended books are linked in the menu and sidebar. Have heard anecdotally that it is much different at other banks though, and 85 “The Finance Director’s key role is to manage financial transactions and to supervise the financial staff Maintain a working knowledge of finances and processes Develop processes to address department needs Work with the team to quickly resolve any issues that arise Provide guidance to staff Train new staff Finance/Econ will get you into the same banking/corporate finance positions. Accounting is necessary to do public accounting. For a VP of finance, routinely it is only corporate finance that thinks on that level. But basically it's like a CFO or Head of Finance role (will be 2nd most senior employee in the company). The way to move up is to have a thought process at the enterprise level, know puts and takes. The title is honorific and doesn't really mean anything to the actual role. A month ago I asked this sub for advice to help me prep for a VP of Finance role. This would be for roles in ICG Digital. Description indicates this role would be the CEO’s right-hand person with heavy tag We would like to show you a description here but the site won’t allow us. ) View community ranking In the Top 1% of largest communities on Reddit Is this startup job offer market for VP, Finance & Operations? Hi all - pleased to say that I received a startup job offer after 2-3 months of recruiting. Background: I have a day job as a F500 finance manager. IMO the best corporate financial people are the most well rounded. Hello, I have managed to move to the next round for this company and now I have a 1 hour interview with VP finance. This would make me the youngest VP at the firm by quite a bit - currently 3 Some end up as senior VPs later in their career, some don’t progress past senior manager. "Vice President" in the article focuses on what it means for someone on the finance side to be a VP - a very much client focused outlook. Either questions about your past work and the business impact or a hypothetical case study. A VP at big oil will likely bring home ~4-500k in salary, low 7 figures (2-3mm) in bonus and have pretty lucrative stock incentives. VP is anywhere from senior IC (any role, tech or trading or HR) up to a team lead. The next day, the recruiter told me they loved me and would like me to come back for a final interview with the AD of client finance and the manager of client finance. I'm comfortable with the CFO title, but I haven't had true operating experience in any type of COO capacity, let alone at the VP level. I don't aspire to be THE CFO, but would like to be a divisional CFO. If it’s your first time going through a RIF, ask if he has any Finance professional trying to break into startups from F500. Did you ever get an answer? Would you mind sharing. But IB is more about transactional execution, clients will come and go, while PE firms will dig deep into one Open menu Open navigation Go to Reddit Home. It'll be more as a director / VP with a team and I'm essentially the CEO's right hand person on driving revenue and profitability for the business and pursuing new business ventures that could drive up equity value for the overall business. Total comp $175k + 15% bonus split between restricted stock/cash. I am just a hedge fund/pe fund tax person in big 4. Year 1: M&A at BB. Maybe 10-30 people in their org. First off, let me be clear I'm not selling any services here. The VP of HR likely trusts their judgement and wants to make sure they also believe you’ll be a good fit for the organization. Most people are not answering the question. I’m currently a VP in a credit/underwriting role so I’m quite familiar with banking and the process as I work hand in hand with corporate bankers currently, but curious what deeper questions and concerns I should be asking to determine if this is the right opportunity to move into front line role. I think your conflating a C suite position (executive level) and VP title. If you’re an entry level VP expect 150-170k based on exp, with a bonus of 5-15% depending on role/LOB. The pay is lower, but the comp is roughly equal IF my private stock options let me cash out at their current market value. My immediate… I recently bagged a VP role in a Big 4 Bank in Valuation Control. Principal is usually a designation handed out by consulting firms, while VP is a more typical seniority in finance. Lots of 70 hour weeks and that is during the slower times. This type of job exists in Dallas or Charlotte though the pay is closer to 160 to 200. Base is upper $300s w/ 50% bonus and a decent chunk of equity. ought to be prevented from stealing by the club's constitution, but not every club has a strong constitution and an exec willing to enforce it. Countering another poster's points here. Prior I had worked in various roles in Finance in Market Risk ( 2 years ) , Product Control ( 1 year ) and Asset Management Operations ( 3 years ). Someone in your network might want Senior Analyst, expect $75-90k base, $90-120k total comp. If anyone who was in my shoes once can give me any tips/suggestions on But the ironic thing is that if they embraced technology & actually used it strategically, it would probably double the size & market share of the company within about 5 years. ). Interviews The company owns a ton of (mostly) restaurant franchises (I was a restaurant manager for 7 years) and they are looking for recent college grads for an entry level financial analyst position. •. F100 Director. They used to call Sr associates Assistant VPs but they irked the VPs and lowered the value of the title (seriously). ED is meaningless too. by is ih jl fd ec mo vd vb vl