Are these the best investment banks to work for on Wall Street?
If you’re working for an investment bank on Wall Street it helps to know what your peers think of your employer. Working for the most sought-after bank on the street can only enhance your career prospects. Working for one that doesn’t garner much respect can have the opposite effect.
Vault.com, the ranking and reviews website, has just released its top 50 banks for North America. Blackstone tops the list, followed by Goldman Sachs and Morgan Stanley – the exact top three as last year.
More interestingly, the boutique banks' stars have risen. Evercore moved from sixth to fourth, Centerview Partners is in fifth, and Houlihan Lokey and Greenhill & Co both moved up a spot.
J.P. Morgan, meanwhile, slipped a hefty four places from fourth to eighth.
For the ranking Vault places a 40% weighting on prestige, 20% on culture, 10% on compensation, 10% on business outlook, 10% on overall satisfaction and 5% each on work-life balance and training. What J.P. Morgan is falling down on, exactly, isn’t clear.
And, in case European investment banks’ second tier status on Wall Street wasn’t clear enough, Credit Suisse was the only Continental bank to make the top ten.