Top 50 Banking Employers

Top 50 Banking EmployersTop 50 Banking EmployersThis morning, prior to the Vault-sponsored forum The Future of Banking Salaries, Sectorsand Uncle Sam, at the New York Academy of Sciences, located on the 40th floor of 7 World Trade Center in Downtown Manhattan, Vault released its latest rankings of the 50 most prestigious banking employers in North America.Just as the cloud cover began to lift on the horizon, echoing the future of the banking industry itself, Vaults CEO Erik Sorensenrevealed thatalthough the top three most prestigious firms didnt budge from their rankings a year ago, there welches a lot of movement in the rest of the rankingsand reason to believe that those firms at the top could be facing some stiff competition next year.For the 10th year in a row, Goldman skramasax ranked as the most prestigious North American banking employer. With a score of 8.519, the New York-based firm beat out The Blackstone Group, which retained the 2 spot, scoring 8.158. Morgan Stanley again ranked 3, with a score of 7.696, while J.P. Morgan Investment Bank jumped a spot to 4 (7.613), and Lazard moved up two places to 5. Absent from the top five this year was Lehman Brothers, which famously filed Chapter in September 2008. Beyond the top five, many firms took big leaps in the rankings. Moelis Company soared 29 places from 42 to 13, Nomura went from not cracking the top 50 a year ago to landing at 26, and Evercore Partners leaped 17 places to 8. Two other firms made double-digit jumps Perella Weinberg Partners and Oppenheimer Co. both rose 11 notches Perella Weinberg took the 12 spot, and Oppenheimer ranked 24. Heres a breakdown of the major trends in this years prestige rankings Prestige*Goldman Sachs retained the top spot but its scored fell to 8.5 this year vs. 9.1 belastung year (a 6.7% fall) *The top four firms this year all scored less than they did last year (their scores falling an average of 3.2%)*Moelis Company, which rose 29 spots in the rankings from 42 t o 13, scored 5.9 this year vs. 4.15 last (a 42% rise in score) *Evercore Partners, the second biggest riser among the top 50, scored 6.75 this year vs. 5.26 last (a 28% rise in score) *Citi Consumer Bank, the biggest loser in rank among the top 50, scored 4.1 this year vs. 5.5 last (a 25% fall in score) *This years top 25 firms rose, on average, 5.4 places in the rankings*This years top 25 firms ranking scores rose an average of 3.5% Along with rating other firms in terms of prestige, Vaults Banking Survey asked respondents to rate their own firms in terms of several quality of life and diversity categories. Heres a breakdown of the major trends in those rankings Best To Work For*brde year, the top seven firms all scored over 9.0 this year, only the 1 firm, Centerview, scored above a 9.0*Moelis Company dropped from 2 to 12, while UBS dropped from 3 out of the top 15*Goldman Sachs jumped from 4 to 2 (but its overall score fell by 0.3 points) Overall Satisfaction*Moelis Company fell 10 places (and its score fell from 9.45 to 7.96)*Baird was up 12 spots (and its score rose from 8.269 to 8.654)*Last year, the top 15 all scored above 8.3 this year, only the top seven firms scored above 8.3 Selectivity*UBS Investment Bank fell nine places in the rankings (its score falling 8.5 to 8.0), while Citi Institutional Clients Group jumped eight places (its score rising from 7.7 to 8.7) *Last year the top score was 8.7 (Evercore) this year the top score was 9.17 (Houlihan Lokey)*This year the top five firms all scored higher than last years 1, Evercore Compensation*Centerview Partners was the new 1 during its first year in the guide*Citi Institutional Clients jumped 12 spots in the rankings*This years scores were similar, overall, to last years Hours*Moelis did not earn a ranking this year or last year*J.P. Morgan Investment Bank jumped 14 spots (6.6 to 7.6) Goldman Sachs jumped six places (but its score fell from to 6.9 to 6.8) *Last year the top 10 all scored higher than 7.0 this year only the top six scored higher than 7.0 Treatment by Managers*Goldman Sachs rose 9 places (8.8 to 9.2) *Moelis fell 13 spots (9.4 to 7.6) *Last year the top 15 all scored above 8.5 this year only the top 6 scored above 8.5 Offices*Baird rose 15 places in the rankings (its score falling from 6.3 to 7.3) *UBS fell 8 places (its score slipping from 7.6 to 6.7) *Scores were similar, on average, overall this year versus last Training*Citi Institutional Clients Group rose 12 places (its score rising from 7.7 to 9.1) *Moelis fell six places (its score falling from 8.7 to 7.5) *Last year the top eight firms all scored over 8.7 this year only the top four firms scored above 8.7 Diversity*Moelis fell significantly in all three diversity categories (women, ethnic minority, LGBT) *Cowen and Company rose significantly in all three categories*Overall, scores fell slightly, on average, across all categories For the complete rankings, follow this link.