Thread regarding U.S. Bank layoffs

Your comment is correct. OFFICER TITLE IS TIED TO YOUR GRADE. It is automatic but usually takes a few weeks (maybe monthly?) for it to kick in if you get hired or promoted to a new leve.

Officer = gr 11–12
AVP = gr 13–15
VP = gr 16–17
SEVP = gr 18+

once you get to Exec and Senior Exec, it's either vague or hidden from me.

There was a change 4-ish years ago, and back then you had to be nominated and approved. And 15 was the start where you get VP. There are 14 and 15 people who have VP from the old days, grandfathered in.

I hear there is an option to get exception (get VP at 15 but I doubt that's used much).

As someone else mentioned, officer titles used to be awarded rather than being tied to pay grades. I think about three or four years ago, they changed the system so that officer titles are now linked to pay grades. Your research aligns with what I’ve observed. I’m not certain about the implications of this change, for instance, if someone had an AVP title in a grade 12 position after the transition. I would think they would keep that title, but dont know for certain.

Generally, a Vice President (VP) earns more than an Assistant Vice President (AVP) because they belong to a higher salary grade. There is some overlap between the salary grades at the top and the lower end. Additionally, there’s a geographic adjustment where individuals residing in areas with a higher cost of living (e.g., San Francisco, New York City, etc.) have their pay band set at approximately 25% higher than the median.

If you’re curious about the pay ranges, your manager or HRBP should be able to provide you with the necessary information.

Salary and grades are not attached - there are level 13 making more than some level 14 and 15, based on demand and experience. There were kids coming out of college getting paid well into the six figure range a few years ago.

The higher the grade the better your salary range is. grades 11-13 I believe only get a bonus and 14+ can get a stock bonus also. You also get a higher or lower salary based on where you live.

A large overlap exists between pay grades. I know high end grade 10 employees making more than grade 12. And the same for grade 12 making more than grade 14.
It’s so bad that they removed pay scale grid access for employees under grade 13, to promote “fairness and equality”

Up until a few years ago titles (Officer, AVP, VP etc.) were not tied to pay grades. That changed and now it is a bloody mess. Until the old titles are brought up to $$$ it will continue to be a mess.

If you are thinking of taking a job at a bank that is circling the drain, it's not an awesome idea.

Salary grade stuff is too hard to answer without knowing what region and type of positions.

Personally I've never thought the title means much at this Bank nor does it equate to high level of pay.

I am a VP title at grade 14. I know someone who is an AVP who earns about the same as me (I trust the info but I do not know their salary grade).

Knee pads equal an automatic bump in salary grade in most cases, so it's somewhat interpretive.