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Finance: not so “attractive” anymore?
 

Jorgé's picture
(Neanderthal, 2,182
 
Points)
 on 10/1/10 at 4:08pm
MONKEY!

Universum, an employer branding company, has released its world's most attractive employers list and investment banks barely made it to the top 10.

The fairest of them all was Google, followed by KPMG and Ernst & Young in 2nd and 3rd while investment banks JP Morgan and Goldman Sachs rounded up the top 10 in 9th and 10th place respectively.

The rest of the banks however were hanging around the middle; eclipsed mostly by F500 companies. Morgan Stanley came in at 17th, Deutsche Bank at 20th, BoA-ML at 22nd, while Citi, UBS and Credit Suisse came in at 29th, 30th, and 31st place. Barclays seemed the least sexy of the group, sitting at the 36th slot.

Universum CEO Michal Kalinowski stated that the financial services sector took a big hit from attracting top talent because:

"Due to the banking and investment sector being perceived as responsible for one of the world's largest economic meltdowns in history, employers in the industry have lost their appeal as a great place to kick-start one's career, Management consulting companies have also dropped in the rankings, often linked to the banking and investment sector, and may have been perceived as part of the problem for past financial mismanagement."

The index was based on selections of roughly 130,000 students with business and engineering backgrounds from the world’s top 12 economies and schools, thus explaining why banking didn’t put on a good show – and historically it never did place high anyway.

But has finance really lost its appeal?

I highly doubt it, but if that’s the case then more power to us.

We bring our own appeal anyway.

People like Coldplay and voted for the Nazis, you can't trust people Jeremy

Comments

TNA's picture

Naaa, finance is kind of like

O
(Human, 13,698
 
Points)
 on 10/1/10 at 4:36pm

Naaa, finance is kind of like Darth Vader right now, but I seriously doubt that the people in it really care. As if a banker at GS making 6 figures gives a shit that the deli owner things he is a crook. Only people you should care about what they think is your mom and your dog. Fuck the rest.

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bulge4lyf's picture

It's still as sexy as ever.

IB
(Gorilla, 562
 
Points)
 on 10/1/10 at 4:43pm

It's still as sexy as ever. When people find out I'm going to a BB next year the first thing they say is oh wow. No idea why the hell big 4 are up there, you couldn't pay me to work there.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

bbc's picture

I do think it has to do with

IB
(Monkey, 45
 
Points)
 on 10/1/10 at 5:04pm

I do think it has to do with perception but not due to the meltdown. I think it has to do with actual/perceived the work hours/conditions ... I think my generation is becoming soft. They want to be fed and play volleyball on the Google campus or whatever ...

non-target's picture

I think the big 4 might have

PE
 
Points)
 on 10/1/10 at 5:15pm

I think the big 4 might have more to do with the consulting part rather than audit, tax etc. But regarding the finance sector being unattractive because of they caused of the financial crisis is a far stretch. I think it might have more to do with the excess supply of finance professionals in the market and not so ambitious/driven students finding the job search frustrating, especially the ones who are looking to make a quick buck.

bfoxcpa's picture

All of the Big 4 in the top

CO
 
Points)
 on 10/1/10 at 5:39pm

All of the Big 4 in the top 5??? As a former associate in Big 4, I have to question the absurdity of that result...

LLcoolJ's picture

quite possibly the least

 
Points)
 on 10/1/10 at 6:08pm

quite possibly the least accurate rankings i have ever seen. BRB accepting job at IKEA over Bain.

In reply to bbc
adapt or die's picture

bbc wrote: I think my

(King Kong, 1,263
 
Points)
 on 10/1/10 at 6:14pm
bbc:

I think my generation is becoming soft. They want to be fed and play volleyball on the Google campus or whatever ...

I think your on to something here, wussification of America... too many kids playing ultimate frisbee because they're afraid to put some pads on and hit someone

It doesn't bother me, just adds more soy milk drinking push overs to the male population to be dominated

blastoise's picture

when i first read title

O
 
Points)
 on 10/1/10 at 6:29pm

when i first read title thoght it was fiance not attractive any mo :(

In reply to bfoxcpa
surferdude867's picture

bfoxcpa wrote: All of the Big

O
(Baboon, 147
 
Points)
 on 10/1/10 at 6:37pm
bfoxcpa:

All of the Big 4 in the top 5??? As a former associate in Big 4, I have to question the absurdity of that result...

Where are you now after Big 4?

In reply to squirtlez
BigBucks's picture

squirtlez wrote: when i first

IB
(Gorilla, 509
 
Points)
 on 10/1/10 at 7:04pm
squirtlez:

when i first read title thoght it was fiance not attractive any mo :(

LOL +1

In reply to bbc
econ's picture

bbc wrote: I do think it has

O
(Neanderthal, 2,419
 
Points)
 on 10/1/10 at 7:40pm
bbc:

I do think it has to do with perception but not due to the meltdown. I think it has to do with actual/perceived the work hours/conditions ... I think my generation is becoming soft. They want to be fed and play volleyball on the Google campus or whatever ...

It doesn't have anything to do with being soft. The fact is, most young people would rather spend their weeknights/weekends in bed with their girlfriend and going out with their boys. That's a pretty logical decision for many people. Especially when you can still get a decent paying job outside of IB. Sure, you won't make 6 figures at 22, with the same chance at making 7 figures at 30. However, making $50K at 22 with a good shot at making $100K at 30, all the while working 40-50 hours a week, is a pretty sweet deal for most people. And lastly, many smart people actually find IB/finance boring, so it's not a good career path for them.

For my aspiring Entrepreneurial Nomads, check out my blog.

In reply to econ
surferdude867's picture

econ wrote: bbc wrote: I do

O
(Baboon, 147
 
Points)
 on 10/1/10 at 7:42pm
econ:
bbc:

I do think it has to do with perception but not due to the meltdown. I think it has to do with actual/perceived the work hours/conditions ... I think my generation is becoming soft. They want to be fed and play volleyball on the Google campus or whatever ...

It doesn't have anything to do with being soft. The fact is, most young people would rather spend their weeknights/weekends in bed with their girlfriend and going out with their boys. That's a pretty logical decision for many people. Especially when you can still get a decent paying job outside of IB. Sure, you won't make 6 figures at 22, with the same chance at making 7 figures at 30. However, making $50K at 22 with a good shot at making $100K at 30, all the while working 40-50 hours a week, is a pretty sweet deal for most people. And lastly, many smart people actually find IB/finance boring, so it's not a good career path for them.

Common sense, I like it.

In reply to econ
Serialacquirer's picture

[/quote] It doesn't have

CO
(Monkey, 58
 
Points)
 on 10/1/10 at 8:32pm

[/quote] It doesn't have anything to do with being soft. The fact is, most young people would rather spend their weeknights/weekends in bed with their girlfriend and going out with their boys. That's a pretty logical decision for many people. Especially when you can still get a decent paying job outside of IB. Sure, you won't make 6 figures at 22, with the same chance at making 7 figures at 30. However, making $50K at 22 with a good shot at making $100K at 30, all the while working 40-50 hours a week, is a pretty sweet deal for most people. And lastly, many smart people actually find IB/finance boring, so it's not a good career path for them.[/quote]

That is exactly what being soft is.

onemanwolfpack's picture

On this blog, I've never seen

IB
 
Points)
 on 10/1/10 at 8:24pm

On this blog, I've never seen so many people so excited to go work for someone else..

In reply to Serialacquirer
econ's picture

Serialacquirer wrote: That is

O
(Neanderthal, 2,419
 
Points)
 on 10/1/10 at 8:43pm
Serialacquirer:

That is exactly what being soft is.

LOL. Caring less about money than I-bankers makes you soft? Caring about leisure time, your social life, balance, etc, makes you soft? Are you serious? The obvious answer is that different people have different preferences, and IB/finance is just not attractive to many people.

For my aspiring Entrepreneurial Nomads, check out my blog.

JohnnyCage's picture

He's a "one man wolf pack" of

O
 
Points)
 on 10/1/10 at 9:06pm
In reply to econ
iBANKhard's picture

econ wrote: bbc wrote: I do

 
Points)
 on 10/1/10 at 9:09pm
mehp's picture

MODELS AND BOTTLES, FUCK

 
Points)
 on 10/1/10 at 9:23pm
In reply to iBANKhard
econ's picture

iBANKhard wrote: Why would

O
(Neanderthal, 2,419
 
Points)
 on 10/1/10 at 9:28pm

For my aspiring Entrepreneurial Nomads, check out my blog.

TNA's picture

Econ, you are correct. Most

O
(Human, 13,698
 
Points)
 on 10/1/10 at 9:55pm

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In reply to Anthony .
econ's picture

Anthony . wrote: Econ, you

O
(Neanderthal, 2,419
 
Points)
 on 10/1/10 at 10:36pm

For my aspiring Entrepreneurial Nomads, check out my blog.

In reply to Anthony .
ThaVanBurenBoyz's picture

Anthony . wrote: Econ, you

PE
(King Kong, 1,519
 
Points)
 on 10/1/10 at 11:33pm
In reply to bulge4lyf
Oreos's picture

bulge4lyf wrote: No idea why

ST
(Neanderthal, 2,561
 
Points)
 on 10/2/10 at 6:16am
Envest's picture

Wouldn't it be nice if

ST
 
Points)
 on 10/2/10 at 11:32pm
In reply to econ
bbc's picture

econ wrote: bbc wrote: I do

IB
(Monkey, 45
 
Points)
 on 10/3/10 at 1:16pm
In reply to bbc
econ's picture

bbc wrote: Yes, by

O
(Neanderthal, 2,419
 
Points)
 on 10/3/10 at 1:50pm

For my aspiring Entrepreneurial Nomads, check out my blog.

In reply to bbc
nelly0's picture

bbc wrote: econ wrote: bbc

CF
 
Points)
 on 10/3/10 at 3:34pm
Investing.exe's picture

I think the knowledge with

O
(Monkey, 32
 
Points)
 on 10/3/10 at 8:51pm
down on the upside's picture

sort of a worthless survey

CD
(Baboon, 143
 
Points)
 on 10/4/10 at 11:21am
In reply to nelly0
bbc's picture

nelly0 wrote: bbc

IB
(Monkey, 45
 
Points)
 on 10/4/10 at 2:02pm
In reply to surferdude867
bfoxcpa's picture

surferdude867 wrote: bfoxcpa

CO
 
Points)
 on 10/15/10 at 4:30pm

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