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Category: Finance

Goldman Sachs Named Most Prestigious in Vault Rankings

Approximately 3,500 investment banking professionals took the annual Vault Banking Survey this past spring. During the survey, professionals were asked to rate investment banks on a scale of 1 to 10 based on prestige (they were unable to rate their own firm, and were asked only to rate firms with which they were familiar). And for the 13th straight year, banking professionals named Goldman Sachs the most prestigious bank in North America. Professionals also named Goldman No. Read More >

2013 Vault Banking Rankings Are Here!

Vault has been ranking the top investment banking firms in North America for nearly 15 years, and in Europe for the past six. When we began ranking banks, we only ranked firms in terms of prestige-reputation as perceived by professionals at other banks. More recently, we've included "quality of life categories" such as compensation, culture, work hours, treatment by superiors, training, overall job satisfaction, work/life balance, and business outlook, among others. Read More >

Will J.P. Morgan Keep the 'Best Bank to Work For' Title?

A week from today, Vault will release its annual Vault Banking 50, a ranking of the best investment banks to work for in North America. The rankings are based on our annual Banking Survey, which was administered this past spring to some 3,500 banking professionals at all levels in various investment banking units. Read More >

10 Best Benefits on Wall Street

Although Wall Street banks don't offer their employees on-site bowling alleys, community-supported fisheries, more than two dozen dance classes, and unlimited amounts of locally-grown organic produce (like one illustrious firm in the tech industry does), they do provide their staffs with some pretty nice benefits.And, to that end, during our 2012 Banking Survey, we asked some 3,500 banking professionals which benefits were their favorite. Read More >

Take the WSSAT (Wall Street Scandal Aptitude Test)

To prepare for any interview, it's important to know your current events-both about the firm you're interviewing with as well as the firm's industry at large. With that in mind, and seeing how Wall Street recruiting season is right around the corner, we've created a tool to help those interested in investment banking jobs gauge how well they've been keeping up with the recent greed and hubris and other shenanigans on Wall Street this year. Read More >

Goldman Sachs the Philanthropist?

In a recent ranking of the top corporate donors in 2011, Goldman Sachs ranked No. 2 among all U.S. firms. According to the Chronicle of Philanthropy's annual Corporate Giving Survey, Goldman donated $337.1 million in both cash and products to charitable causes during the year, second only to Wal-Mart, which donated $344.4 million.Goldman wasn't the only the bank among the top givers. Wells Fargo ranked No. 4 with $213.5 million, Bank of America ranked No. 6 with $208. Read More >

Wall Street Women Talk Diversity

A recent New York Times article entitled "On Wall St., Gender Bias Runs Deep" points out that more than 50 percent of workers in finance are female but just 3 percent of finance CEOs are women. The piece also quotes Ilene H. Read More >

Bulge Bracket or Boutique IB?

Prior to the financial crisis of 2008 there was little doubt that if you were a Wall Street-minded undergrad or MBA student and were offered a position with a bulge bracket bank (the likes of Goldman Sachs, Morgan Stanley, J.P. Morgan, Citi, and Credit Suisse, among others) you would've accepted without thinking twice. Read More >

Does Work/Life Balance Exist on Wall Street?

It's no secret that investment banking analysts and associates work an obscene number of hours per week. Of course, hours can vary from firm to firm, city to city, and group to group. (Bulge bracket M&A bankers in New York, for example, tend to work more than corporate finance bankers in San Francisco.) But overall, I-banking requires junior bankers to work anywhere from 80 hours per week on average up to 110 hours week. Read More >

Required Summer Reading for Recent (Unemployed) Graduates

If you find yourself with a newly printed diploma, without a job, and with some extra time on your hands, here are five books (some nonfiction, some fiction) which will entertain, inform, and inspire: Youth: Scenes from Provincial Life II, by J. M. CoetzeeYou might be surprised to learn that the South African Nobel Prize-Winning author J. M. Coetzee was once an unemployed graduate living in London with few job prospects. Read More >

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