Originally Posted by Bronxville Jets Fan
Actually, it's not. Director is higher in every industry I'm familiar with (except maybe the White House), so I'm viewing this as a demotion.
It depends on the industry, most places VP is higher than Director, the only place I've seen where it isn't is in Finance (banking). That's just what I've seen personally. I know in insurance VP is two levels above Director, with AVP in-between them.