Here is the City released some survey results for banks with the happiest employees, and the departments with the most miserable employees.
The happiest employers:
Good news for monkeys heading to places like Royal Bank of Canada, Baird or Jeffries, here are the top ten:
1. Royal Bank of Canada
2. Baird
3. Jefferies
4. JPMorgan
5. Goldman Sachs
6. UBS
7. Mitsubishi UFJ Securities
8. Citi
9. Aberdeen Asset Management
10. VTB Capital
Not surprising that the most miserable employees are in the worst departments:
1. Compliance - 79.4% said that they were 'fairly' or 'very' miserable
2. Human Resources - 64.9%
3. Operations - 56.3%
4. Media Relations / Brand / Marketing - 48.3%
5. Sales - 43.8%
6. M&A - 41.5%
7. Risk Management - 37.4%
8. Trading - 34.2%
9. Internal audit - 31.3%
10. IT - 23.1%
That said,
"Overall, 54.1% of investment banking employees described themselves as 'fairly' or 'very' miserable, followed by 43.5% who work in asset management, 35.3% in private banking, 21.7% in private equity and just 16.1% who work in hedge funds."
Maybe there'sstill time to change your major, cue Billy Madison: "Stay here as long as you can".
The use of the word "miserable" sounds like hyperbole to me. Particularly when prefaced with "very". Disgruntled or unsatisfied would have been better.
Pretty big generalisation there sonny. I'm not usually one to get all egalitarian like this, but certain women i know never bat an eye lid, at anything; whereas i would have a solid moan straight off the bat.
Would SB if I could. I lol'ed.
I find that the folks in compliance just hate life. Most of them are trying to enforce rules they don't understand, everyone is pissed at them for not enforcing the rules correctly, and regardless of how hard they work, they don't actually make money for the firm, so it's hard to ever 'prove you value to the firm'.
Does this study account for the fact that some people are just naturally miserable as fuck?
I was about to say that all the HR people I know are bubbly and happy, but that might just be the rage boiling deep inside of them when they see the signing bonuses they send to schmucks like us and 22 YO douchebags.
I feel like people in IB wear miserableness as a badge of honor. Even the happiest bankers I know toss around the term "miserable" as if it meant "mildly annoyed".
Wow. Never knew IT would be so low. Expected it to be higher.
My thoughts exactly.
F my life....
:'(
and miserable is an accurate word.... trust me....
Hedgies win as usual
Coincides with my observations. Though, we can have some very low points on occasion...
IT guys in pure support roles (like those who install the new desktops) seem to love it, especially in deadend places. They get all giddy getting to play with new tablets or something.
Haha, 54% misery rate. It sounds pretty bad at first, but then I remember the misery rate at every high school job i've had was closer to 85-95%.
^^Also abacab, I've noticed the same thing. Every time I've needed to call IT they are more than happy to come on up and make me feel like a toddler on a computer. In general they seem really happy to me
So this is a UK survey. That explains why UBS made the list.
A ranking of "happiest employees" is about as relevant and objective as ranking "top business programs". I can also guarantee that if the Royal Bank of Canada had a hedge fund, it would have pissed off workers.
I wouldn't mind working in a field where only half the people were miserable. I worked as an intern at a car rental place after my freshman year in college... 100% of the people there hated it more than anything.
But aren't we trying to bring back all those "good, well-paid manufacturing jobs" back to US?
VTB Capital should be somewhat higher up, I believe...
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