This might come as a shock to some of you, but the people who work at industry-wide report card on Friday, and not only did rank #2 in overall employee satisfaction (behind International Group), but CEO Lloyd Blankfein received a 97% approval rating. Among the 's, was at the bottom in employee satisfaction, and one industry insider described it to TheStreet.com as a boiler room. Ouch.are pretty happy about it. Glassdoor.com released an
He saysis also considered one of the best places to work. is considered a "boiler shop," and "gets good marks" but isn't entirely up to snuff.
, and were all fairly high on the list, while was close to the bottom. Employees only report "dissatisfaction" with four businesses: , First Data, Sallie Mae and Societe Generale, with rounding out the bottom of the entire list.
So why are Goldmanites the happiest campers on the Street? Well, there's the money of course.has one of the highest compensation-to-revenue ratios on the Street, topping out over 40%. Aside from that, though, employees say it's actually a decent place to work, and is staffed with Wall Street's best and brightest.
Poor, though. You have to feel bad for those guys. On a scale of 1-5, employees' faith in senior leadership registered an abysmal 2.5, and employee morale was only slightly higher at 2.7 (compared to Goldman's 3.9 and 4.1, respectively). I know what it's like to work in a miserable environment (hell, I know what it's like to work in a boiler room), and it makes for some long days, weeks, and months.
Do you agree with your bank's (or another bank's) ranking? Disagree? Isreally the promised land?