50 Best Banking Firms to Work For

by Derek Loosvelt | September 08, 2015

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50 Best Banking Firms to Work For

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50 Best Banking Firms to Work For

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Today, Vault releases its annual Banking 50, a ranking of the best investment banking firms to work for in North America.

This year, the rankings are based on a survey of approximately 3,000 investment banking professionals. The survey asked these professionals of all levels to assess their peer firms on a scale of 1 to 10 based on prestige. Professionals were also asked to rate their own firm in numerous quality of life categories, including firm culture, compensation, overall satisfaction, training, work/life balance, hours, and diversity, among others. To calculate the Banking 50, Vault used a weighted formula that combines a firm’s prestige and several quality of life ratings, creating an overall “best to work for” ranking. Vault also compiled rankings in PrestigeQuality of Life, and Diversity, as well as a new ranking this year: Best Banking Firms for Technology Professionals.

Noteworthy this year, along with which firms moved up and and which firms moved down the rankings, was the significant rise in scores in two very important categories: work/life balance and hours. This year, on average, bankers rated their work/life balance 3.5 percent higher than last year and their satisfaction with respect to the number of hours they work 4 percent higher. And so, it would seem that the quality of life on Wall Street is improving.

However, also noteworthy was the drop in diversity scores this year. Minority diversity scores were down 3 percent, and scores in female diversity, LGBT diversity, military veteran diversity, and diversity with respect to disabled individuals were also down. This ended a several-year trend of rising diversity scores in Vault’s annual survey. From 2010 to 2014, LGBT diversity scores had risen by 12 percent, while both female diversity and racial/ethnic diversity scoress had risen by 8 percent.

In any event, what follows are this year’s big winners: the top 10 firms of the 2016 Vault Banking 50.

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Read More:
Thanks to Goldman, Wall Street Work-Life Balance Is Better Than Ever
Is Wall Street Getting Less Diverse?
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Filed Under: Finance | Job Search | Salary & Benefits | Workplace Issues

Tags: diversity | investment banking | rankings | wall street | work/life balance

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