Hi Great People of TC.Like many others I'd like to plunder your experience and knowledge re the job market, as I'm starting to lead myself in circles. I'm shall be leaving my position as a M in a Big 4 over the coming months for a variety of career based reasons. (trying to show here I'm not simply asking questions about £££.)There are two paths I am currently exploring. A) Promotion to another Big 4 and B) Move into industry - my market is IBD / Finance.As I toodle towards the final stages I'm trying to work out what levels equate to what between the two. The money tends to align, but their seems to be variation in grades. If anyone can confirm/settle that what I'm going for is equal I'd be very grateful.[u]On the Consulting Side it's simple: Snr. Manager at a Big 4.[/u]Question: What does that equate to in different banks?For bank A) I'm being pitched at VP.For bank B) I'm being pitched at AVP (same-ish package).there is no doubt bank B is a better bank (both tier 1), I simply don't want to put my self back a few years level-wise.Many thanks for reading.KOL

Some advice:Forget the job titles. Chase the money.I couldn't care less if my job title was "Junior Toilet Cleaner" if they gave me a £100K pay rise.So, compare the £, not the titles.

VP is the 'manager' grade for IBD. Whether AVP or VP really just depends on the bank. You'll be managing associates (and through them analysts) so will have people with circa 4 - 6 years exp reporting direct and 1-3 reporting through them. VP is the broadest layer by far, and senior hires in middle and back office will tend to come in at this level, and you should be able to make Director in no more than 3 years (or less if you get credit for previous experience).

Thanks Marsday and Co. Very Helpful. Just to clarify. VP is the level you tend to start managing, or is 'manager' in consulting speak.To aid the conversation, if there is a bias.VP level = Credit Suisse, AVP level = Deutsche.As before the remuneration is about the same. I'm trying to figure out if one bank position supersedes the other (or its case v case) and how that squares off against a SM level in Big 4. (i.e. which one is 'higher')

[quote]Just to clarify. VP is the level you tend to start managing, or is 'manager' in consulting speak.To aid the conversation, if there is a bias.VP level = Credit Suisse, AVP level = Deutsche.As before the remuneration is about the same. I'm trying to figure out if one bank position supersedes the other (or its case v case) and how that squares off against a SM level in Big 4. (i.e. which one is 'higher')[/quote]VP at the bank tips the balance. When you get to MD, one step up, you'll be earning more at the mid-ranking than most Big 4 Partners. Thing here is that IBD is actually very egalitarian - you almost certainly [i]will[/i] get promoted, and stay on the course you [i]will[/i] make MD. Can you say that of Partner at Big 4? As for CS or DB? CS has been and intended to, rebalance the business towards private banking, and that will inevitably lead to a smaller balance sheet for IBD. Expect some not inconsiderable downsizing. If you go to CS just now, consider it a loaner, stay put one year and move on. They'll be picking you up cheaper than you deserve. For DB, IBD is the main game - their asset management business is a bit of a side show, and that includes private. All bets even, I choose DB AVP. And for one more reason: this gives you room for one further big comp bump up, before you have to start pitching for MD.

[quote][quote]Just to clarify. VP is the level you tend to start managing, or is 'manager' in consulting speak.To aid the conversation, if there is a bias.VP level = Credit Suisse, AVP level = Deutsche.As before the remuneration is about the same. I'm trying to figure out if one bank position supersedes the other (or its case v case) and how that squares off against a SM level in Big 4. (i.e. which one is 'higher')[/quote]VP at the bank tips the balance. When you get to MD, one step up, you'll be earning more at the mid-ranking than most Big 4 Partners. Thing here is that IBD is actually very egalitarian - you almost certainly [i]will[/i] get promoted, and stay on the course you [i]will[/i] make MD. Can you say that of Partner at Big 4? As for CS or DB? CS has been and intended to, rebalance the business towards private banking, and that will inevitably lead to a smaller balance sheet for IBD. Expect some not inconsiderable downsizing. If you go to CS just now, consider it a loaner, stay put one year and move on. They'll be picking you up cheaper than you deserve. For DB, IBD is the main game - their asset management business is a bit of a side show, and that includes private. All bets even, I choose DB AVP. And for one more reason: this gives you room for one further big comp bump up, before you have to start pitching for MD. [/quote]Fantastic, really appreciate your insight here.

Hey kol1,I am being offered AVP by DB as well. Do you mind sharing the pay bracket that you've been offered?

Not far enough along in the process to discuss money yet.

Bit of an old one. But pleased to announce I start at Deutsche in a weeks' time.A note to thank you all for your advice, as I appreciate it.KOL1

Hey, I also joined DB very recently! How are you finding it so far?

I'd like to know more about the hours

Congratulations... Assume you r going at AVP level.. any view on pay bracket.. Not expecting precise, but if you can give indicative numbers it would be awesome. BTW, the news wires were talking about the new CEO wanting to downsize... what is the view from the ground ? did they not recently outsource IT to HP or IBM or something like that ??

I actually joined at associate (pay similar to AVP though, between 55 - 60k) due to a requirement around number of years of experience required (>3) for AVP!Hours are not bad at all (9 - 6 ish)!What is the AVP bracket that you are joining on?