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. 1 in Europe.
Survey respondents on both sides of the Atlantic almost uniformly admitted that while Goldman's prestige has taken a hit in recent years, the firm is still far and away the most prestigious investment bank on Wall Street. Indeed, even amidst controversy and tons of negative press, the firm continues to land the largest, most high profile deals, attracting the brightest and most ambitious job candidates. And although the Goldman name might not carry the same weight that it did prior to the 2008 financial crisis, no other bank on Wall Street is even close when it comes to worldwide brand recognition. And bankers at Goldman’s competitors still concede that it's the most formidable investment banking franchise, calling Goldman Sachs "the top player," "an old master," "platinum rated in financial services," "the crème de la crème," and "still the best."
Coming in at No. 2 in North America was J.P. Morgan (which ranked No. 1 in the Vault Banking 50 released yesterday). Insiders called J.P. Morgan a "strong universal bank," "top tier and a strong competitor," "one of the top three banks on Wall Street," "just like Goldman and arguably better," "the best positioned universal bank," and "an 800-pound gorilla."
At No. 3 in North America was Morgan Stanley. Insiders said Morgan Stanley is "a top player," "a strong M&A competitor," and "becoming the next Goldman." Rounding out the top five were Blackstone ("reputable restructuring practice—restructuring is the real deal") and Credit Suisse ("consistent performer with good deal flow"), respectively.
In Europe, J.P. Morgan and Morgan Stanley also took the No. 2 and No. 3 spots, respectively.
For the rest of the rankings, check out the 2013 North American Prestige Rankings and the 2013 European Prestige Rankings.
And check back tomorrow for the 2013 Quality of Life Rankings. Find out which banks rank No. 1 in workplace categories such as compensation, hours, work/life balance, business outlook, diversity, international opportunities, benefits, and more.
Image Source: Dealbreaker
2013 Vault Banking Rankings Are Here!
All throughout the month of May we’ve been covering a variety of topics relating to mental well-being, from the telltale signs of burnout at work, to the different types of mental health leave available to you. Today we’re going to flip the script and talk about what you can do to help those around you, as well as some tips on how you can help your employer become better equipped to deal with issues of mental health in the workplace.
Working hard can sometimes lead to stress and burnout. Recently, we’ve been talking a bit about the signs of burnout, the different types of solutions that are available to you, and how to approach your employer about taking some time off in order to take care of your mental well-being, but what are the benefits of mental health leave? And what should you do in the event your request for leave is approved? Today we will be talking about the advantages of mental health leave, and how to maximize the potential of your time off from work.
For those who are invested in such things, be they prospective students assessing which school to attend or alumni wondering how the prestige of their alma mater is faring, the new US News law rankings released on March 28. There was one extremely significant event in the ranking shifts this year, as some predicted given the changes in US News' methodology over last year.
You’ve just received word that your job is going to switch to the fully remote paradigm. That means no more travel expenses or traffic, no more rushing frenetically from place to place, and no more of the crushing outfit dilemma you’ve faced with each new day.
On Friday, May 20, 2022, Vault Law will host an OCI Readiness Summit for law students looking to prepare for and find summer and other associate positions through OCI. You can register for this free informational summit here, and learn more about it below.