Three years post-VP and my ‘strong deliverables’ aren’t enough. Through backchannel convos, I’ve identified four overlooked metrics: 1) Cross-sell credit 2) Junior retention % 3) Client dinner-to-deal ratio 4) Committee members’ P&L exposure. What quantitative factors have you found disproportionately impact promotion decisions at this level?
Internal bank data (sanitized) shows VPs with >18% junior promotions under them get promoted 2.3x faster. Track your ‘leadership yield’ - ratio of your mentees’ promotions vs department average. This demonstrates succession planning ability MDs value.
the only metric that matters: how many MDs’ vacations you’ve covered. covered a group head’s Maui trip during bonus season? that’s worth three ‘cross-sell initiatives’. wake up, sheeple.
My buddy got promoted after accidentally sitting on a committee call where he solved a technical glitch. Now he’s ‘the guy who saved the Lehman deal’ (it was a zoom filter issue). Visibility trumps everything, even if it’s fake.