What are the odds of making it to MD level?
We have analysed Data from 11,500 banking professionals working in London.
How many analysts will become MDs?
Job titles | Chances of analyst reaching title |
---|---|
VP | 7 out of 10 |
Director | 6 out of 10 |
MD | 2 out of 10 |
COO,CFO, Partner | 1 out of 100 |
Odds are that analysts will make it to Director level: Most bankers should reach Director-level, (60% of all analysts and associates); but watch out, this high probability is also linked to the fact that a majority of bankers never move beyond that level of seniority (25% of Directors have more than 15 years of experience, and will likely never make it to the MD level).
Director to MD level is where the toughest selection process occurs: Only one third of Directors will eventually become MDs, ie, only 2 out of 10 Analysts/associates.
Aiming for MD positions is a risky, long term bet? On average, graduation to MD level takes 14 years, with only 2 out of 10 chances of it ever happening.
Dreaming of the top?Only 5 % of MDs make it past this level, to C-suite jobs: 1% of analysts and associates!
How long will it take?
Job titles | Average years of experience at entry level |
---|---|
Analyst-Associate | 3 |
VP | 7 |
Director | 10 |
MD | 14 |
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