Is it common in the Finance industry to have many officers?

I have a former colleague who tells me that in their company almost all of them are officers having at least Associate Vice President rank.





Is it common in the finance industry and what does it translate to other industries?

Is it common in the Finance industry to have many officers?
Not essentially so. The levels and number of people working in an organisation totally depends on the hierarchical structure that a company follows.
Reply:I have observed that in loan organ'z'ns such as banks, its usually the case that you would deal with a vice-president, (or assoc. vp). I think there is an obvious reason for this: the customer wants a final answer to his request for a loan and wouldn't expect 'the president' to come puffing down the stairs to approve it on the spot, suggesting that a v-p is the minimum rank to avoid insulting the customer. This would probably necessitate that others in the bank be equally bestowed even if they are just 'equally compensated' pencil pushers. As far as other industries, maybe it's kind of like skippers and airline pilots being 'captain.' (And chicken restaurant chain owners being colonels.)

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