Editing Vice president (section)

== {{anchor|Vice President (business)}} In business ==
{{Further|Director (business)}}
In [[business]], "vice president" refers to hierarchical position that ranges from extremely senior positions directly reporting to C-level executives (in non-financial companies), to junior non-management positions with four to 10 years of experience (in financial companies).

In non-financial businesses, vice presidents often report directly to the [[President (corporate title)|president]] or [[Chief executive officer|CEO]] of the company and are members of the executive management team. Some [[corporations]] that use this [[Corporate title|term]] may have individuals with the title of vice president responsible for specific business divisions (e.g., vice president for legal, vice president for sales and marketing, vice president for finance, and vice president for human resources).

When there are typically several vice presidents in a company, these individuals are sometimes differentiated with titles denoting higher positions such as executive vice president or senior vice president, with the remaining management team holding the title vice president. The title of assistant vice president or associate vice president is used in large organizations below vice president and there can be a very convoluted list of other types of VPs as seen in the next section.

As many of these VPs have minimal employees reporting to them, their necessity has been questioned, with for example ''[[Inc Magazine|Inc.]]'' magazine arguing to flatten the corporate hierarchy.<ref>{{cite web|url=https://www.inc.com/will-yakowicz/the-world-isnt-flat-but-companies-should-be.html|title=3 Reasons to Eliminate Hierarchy in Your Company|date=21 November 2013|website=Inc.com|access-date=30 May 2018 |archiveurl=https://web.archive.org/web/20131124023117/https://www.inc.com/will-yakowicz/the-world-isnt-flat-but-companies-should-be.html |archivedate=2013-11-24}}</ref> Similarly, as universities have adopted a corporate structure<ref>{{cite journal|url=http://www.chronicle.com/article/The-Slow-Death-of-the/228991|title=The Slow Death of the University|date=6 April 2015|journal=The Chronicle of Higher Education|access-date=30 May 2018|archiveurl=https://web.archive.org/web/20150407144008/http://www.chronicle.com/article/The-Slow-Death-of-the/228991 |archivedate=2015-04-07}}</ref> there is concern over administrative bloat<ref>{{cite web|url=https://www.timeshighereducation.com/news/research-scores-of-us-top-brass-fail-to-shine|title=Research scores of US top brass fail to shine|date=20 July 2016|website=Timeshighereducation.com |access-date=30 May 2018 |archiveurl=https://web.archive.org/web/20170916225151/https://www.timeshighereducation.com/news/research-scores-of-us-top-brass-fail-to-shine |archivedate=2017-09-16}}</ref> and over-paying VPs.<ref>{{cite journal|title=Are you overpaying your academic executive team? A method for detecting unmerited academic executive compensation|journal=Tertiary Education and Management|volume=22|issue=3|pages=189–201|date=2016|doi=10.1080/13583883.2016.1181198|last1 = Pearce|first1 = Joshua|s2cid=148102314 }}</ref> Benjamin Ginsberg, a political scientist and professor, has claimed the proliferation of VPs and other administrators is destroying universities.<ref>[[Benjamin Ginsberg (political scientist)|Benjamin Ginsberg]]. ''The Fall of the Faculty: The Rise of the All-Administrative University and Why It Matters'' (2011). Oxford University Press.</ref> "Corporate vice president" is an older term that usually denotes a vice president that is named as a corporate officer by the board of directors.  Not all vice presidents in a company in the modern business environment are named as an official corporate officer.{{citation needed|date=June 2015}}

===Hierarchy of vice presidents===
Depending on the specific organization, the following may be an example of the hierarchy of the vice presidents. The following list explains where the VP sits in an organization:{{Citation needed|date=April 2025}}

*President
*Joint president
*Deputy president
*First executive vice president (FEVP)
*Senior executive vice president (SEVP)
*Executive vice president (EVP)
*Senior vice president (SVP)
*Group vice president (GVP)
*Vice president (VP)
*Additional vice president (Addl. VP) 
*Joint vice president (Jt. VP) 
*Deputy vice president (Deputy VP)
*Associate vice president (Asso. VP)
*Assistant vice president (Asst. VP)
*Chief general manager (CGM)
*Senior general manager (SGM)
*General manager (GM)
*Deputy general manager (DGM)
*Assistant general manager (AGM)
*Chief manager (CM)
*Senior manager (SM)
*Manager (M)
*Deputy manager (DM)
*Assistant manager (AM)

{| class="wikitable"
|-
! Rank
! U.S. executive officer
! UK executive officer
! Investment bank executive officer
! India senior management hierarchy
! Asia Pacific executive officer
|-
| 1
| President (second to chief executive officer)
| Managing director (second to CEO)
| President
| Managing director (third to chairman, equal or sometimes second to CEO)
| President
|-
| 2
| Deputy president
| Deputy managing director
| Deputy president
| Deputy managing director or group executive or group head
| Deputy president
|-
| 3
| First executive VP or senior EVP
| Executive director
| SEVP
| Joint president or SEVP
| Deputy president
|-
|-
| 4
| Executive VP or group VP
| Group director
| EVP
| EVP or director
| EVP
|-
| 5
| Senior VP
| Senior director
| Senior managing director
| Senior VP
| Senior VP
|-
| 6
| Corporate VP
| Director
| Managing director
| Group VP
| Corporate VP
|-
| 7
| Vice president
| Deputy director
| Executive director
| Vice president
| Corporate VP
|}

This comparison is not strictly correct, as ''director'' is a legal term, meaning someone registered with the relevant country's company registrar (or simply named in the legal documents, for countries not having company registration) as having managerial control of the company, and having legal responsibility for its operation, whilst a vice president does not. In either case the responsibilities may be overall to the company, a region (US, EMEA, CEE...), business unit or function such as sales, marketing, IT etc.

===In financial services companies===
In financial companies, a "vice president" is usually a seniority rank that denotes higher responsibility, though such may not be leadership. The title does not denote a leadership position within the company, but often a role relatively junior to the executive board. Financial services companies have multiple vice presidents,<ref name="economist">{{cite news |url=http://www.economist.com/node/16423358 |title=Too many chiefs |work=[[The Economist]] |date=2010-06-24 |accessdate=2024-10-05 |quote=The number of members of LinkedIn, a professional network, with the title vice-president grew 426% faster than the membership of the site as a whole in 2005-09. |archiveurl=https://web.archive.org/web/20190920234223/https://www.economist.com/business/2010/06/24/too-many-chiefs |archivedate=2019-09-20}}</ref> possibly because the title is a form of [[delayering]] when an employee can not be moved higher in the organization but still deserves recognition.<ref>{{cite web|url=http://www.acc.com/legalresources/quickcounsel/lpjtii.cfm|title=The Legal Pitfalls of Job Title Inflation (Part I): Apparent Authority and Employee Misclassification|publisher=Association of Corporate Counsel|year=2013 |archiveurl=https://web.archive.org/web/20140103185921/http://www.acc.com/legalresources/quickcounsel/lpjtii.cfm |archivedate=2014-01-03}}</ref>  In most cases, the title merely implies that someone is in a medium-seniority individual contributor role. Larger financial institutions have thousands of employees with the title "vice president".<ref>{{cite news| url = https://www.wsj.com/articles/SB10001424052702304692804577281252012689294| title = Goldman Plays Damage Control |work=[[The Wall Street Journal]] |first1=Liz |last1=Rappaport |first2=David |last2=Enrich |date=March 14, 2012 |archive-url=https://web.archive.org/web/20150311012855/https://www.wsj.com/articles/SB10001424052702304692804577281252012689294 |archive-date=2015-03-11}} </ref>