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Category: Salary & Benefits

All's Fair in Love, War, and Layoffs

Although 25 consecutive months of job growth suggests that the economy is getting back on its feet, that doesn't mean there aren't scores of people still losing jobs by the day, if not the minute. And perhaps nowhere is that happening in greater numbers than on Wall Street. Of course, given that Wall Street is largely responsible for putting the U.S. Read More >

The 2012 Internships Rankings Are Here!

Internships are tricky. You know you should have one, but you've also heard that they can go off the rails, specifically to unpaid-menial-labor-land. You might not want to waste your winter break on an internship that doesn't give you any new skills or training. Or maybe your biggest fear is investing time and energy into a company name won't pop on your resume. Maybe you're just fulfilling a program requirement for school-it which case cushy perks are your priority. Read More >

The 2013 Vault Europe Consulting Rankings Are Here!

The economic situation in Europe might still be the largest of the "known unknowns" facing the world's economy. Seemingly balanced on a knife-edge, anything other than positive news from the likes of Greece, Spain, Portugal and Italy has the potential to send world markets into chaos-to say nothing of conditions within some of those countries (unemployment currently stands at 11. Read More >

Is Lockstep Compensation the Key to Happy Associates?

As part of its special section on the future of BigLaw, the New York Times examined the culture at firms that have held on to a pure lockstep compensation structure-for both partners and associates. According to the managing partners at Cravath, Cleary and Debevoise, the lockstep system-in which attorneys are paid solely according to their seniority instead of according to merit-based criteria-fosters a culture of transparency, collegiality and teamwork. Read More >

Which Wall Street Bank Treats Its Employees Best?

In Vault's 2012 Banking Survey, along with prestige, 3,500 banking professionals were asked to rate their own firms on a scale of 1 to 10 in several quality of life categories, including compensation, benefits, hours, work/life balance, international opportunities, training, overall job satisfaction, and business outlook, among others. Vault averaged the scores for each firm in each category and ranked the top 20 firms. Read More >

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 >

4 Reasons Why "Graduate Academies" Might Trump MBAs

You've seen it in the headlines: companies are hiring, but not you. They need highly skilled engineers and technicians, not law students, consultants, or liberal arts majors. If you think this is frustrating for you, take solace in the fact that it's equally exasperating for the companies. Some can only afford to offer prospective (skilled) workers "lower pay than what they made 15 years ago," according the president of a manufacturing company. Read More >

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