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Category: Salary & Benefits

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 >

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 >

Is Law School a Mistake?

Last week, The Wall Street Journal published some chilling statistics about how recent law grads are faring. According to the WSJ, only 55% of the class of 2011 had full-time, long-term jobs that required a law degree nine months after graduation. And only 8% of those graduates held full-time, long-term jobs at firms with more than 250 attorneys. In response to the WSJ article, J. Read More >

Findings From Vault's 2012 Banking Survey

An overwhelming percentage of investment bankers are extremely satisfied with their jobs. Company culture is deemed the most important factor by jobseekers when deciding upon which bank to join. Prestige is the second most important. A firm's commitment to social responsibility and diversity is the least. Three out of every four bankers are white males. One out of every 33 bankers is African-American. One out of every 50 is openly gay, lesbian, transgender, or bisexual. Read More >

Facebook and Google vs. The Squid and the Whale

We've recently closed our annual Banking Survey and are currently compiling the results. This means that a new Vault Banking 50 is forthcoming soon. (Truth be told, it's coming the first week of September). Read More >

Yale Grad Who Fought Wall Street Dies at 22

Today I was planning on blogging about an article that was published last week in The Wall Street Journal on the proliferation of liberal-arts colleges requiring students to take classes in entrepreneurship, business, and managing their (future) careers. Read More >


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