This is not a "Malaysia" problem but all across finance.
In the Malaysian banking world, the title "Vice President" is the ultimate corporate optical illusion.
If you tell your auntie in the kampung you’re a VP, she thinks you’re basically the CEO’s right-hand man and should be sponsoring the next family feast.
In reality, being a VP in a local bank just means you’ve survived long enough to stop being an assistant manager.
Banks dish out these titles like complimentary mints at a hotel lobby. It’s the cheapest way to keep talent from jumping ship to a competitor.
"We can’t give you a 30% raise, but how about we change your business card to say VP of Enterprise Risk Management?"
Suddenly, the employee feels like a "big boss," and the clients think they’re talking to a heavy hitter.
It’s all about "perceived value."
But go to any bank’s town hall, and when the CEO asks all the VPs to stand up, it will look like a crowded LRT carriage during peak hour.
If everyone is a VP, who is actually doing the work?
Probably the "Assistant Vice Presidents" who are hoping to get their own shiny title next year.