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Specific Jobs and Careers: What does an AVP and a VP in the Banking Industry mean?
What are the duties of an AVP and a VP in the banking industry?
An AVP typically assists a Vice President or a Senior Vice President in managing a department or team within a bank. The duties of an AVP include supervising staff, managing projects, and conducting analysis. On the other hand, a VP has a higher level of responsibility and is expected to manage a whole department or function within the bank. VPs create business plans and strategies, oversee operations and budgets, and lead teams of managers and professionals.