At a typical investment bank:
President/CEO --> CTO (may also hold corp title of Managing Director, maybe "Senior Managing Director") --> Managing Director --> Director --> VP --> (possibly) AVP --> Peon.
When I last left the IB world, there were many VPs and a decent number of Directors that were individual contributors.
When I last left the IB world, there were many VPs and a decent number of Directors that were individual contributors.