2014 WSO Rankings for Investment Banks: Career (Part 2 of 10)

Not all investment banks are created equal. Some of them will leave you with no exit opportunities, work you to the bone and then leave you out to dry. After all that work, you may still be a long shot to get into a good MBA program... The other end of the spectrum are investment banks that launch your career, help you prosper and pave the way to the coveted land of milk & honey (the buyside and/or one of the MBA business schools<br /> ">M7 MBA programs). What if you have two internship offers and you're not sure which one to take? We thought ranking the banks based on the % of interns receiving full time offers would also be helpful. Without further ado...

Below you will find the following rankings:

1. Top 15 Investment Banks for PROFESSIONAL GROWTH
2. Top 15 Investment Banks for CAREER OPPORTUNITIES
3. Top 30 Investment Banks for % of INTERNSHIPS CONVERTING TO FULL TIME OFFERS

These firms are all ranked on a PERCENTILE basis across all 5,000 companies in the WSO Company Database based on thousands of WSO member rankings. Feel free to share the rankings below on your site by copying the html code below the graphic. Stay tuned because next Tuesday we are going to be announcing the investment banks with the hardest interviews, those with the easiest and those with the best overall interview experience!

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Missed an earlier part of the 2014 WSO Community Rankings - Investment Banks? Click below:

Part 1: Release Schedule

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Comments (41)

Dec 2, 2014 - 10:35am

...these are percentile rankings, not actual % of interns offered FT spots. If you want that breakdown, you can look at the companies in the WSO Company Database :-)

@"KslayerK", the difference is I see career advancement as "how well does this company set you up for the future roles" and professional growth as "how well does this company help you improve and develop skills as a professional?" but that is only my interpretation.

Remember, this is based off of user submissions to the WSO Company Database.

Thanks,
Patrick

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Best Response
Dec 2, 2014 - 6:44pm

was waiting for the first negative comment...surprised it took this long, but not surprised that it lacked any substance :-)

I think knowing what employees think about their career advancement and professional growth opportunities at each firm is relevant to many potential employees in this community, no?

I also think a person deciding between two internship offers from a firm on this list and one off of it would find this data pretty useful. Should you take that internship offer from Evercore or Moelis? This chart might push you to favor Evercore... just another datapoint to consider in an industry that is tough to get accurate #s on.

care to elaborate more on why you think it's a joke?

Dec 2, 2014 - 7:03pm

WallStreetOasis.com:

was waiting for the first negative comment...surprised it took this long, but not surprised that it lacked any substance :-)

I think knowing what employees think about their career advancement and professional growth opportunities at each firm is relevant to many potential employees in this community, no?

I also think a person deciding between two internship offers from a firm on this list and one off of it would find this data pretty useful. Should you take that internship offer from Evercore or Moelis? This chart might push you to favor Evercore... just another datapoint to consider in an industry that is tough to get accurate #s on.

care to elaborate more on why you think it's a joke?

Harnessing the data out there makes sense but I think there's a few factors which make this list not very useful. First, the rating scale used in answering the questions is very subjective, and would require a large sample size to be meaningful (in a huge sample of people ranking career advancement 1-10, things may even out to get a good number, but if you ask only a few people the result doesn't mean much). While there are a ton of reports in the WSO database, there aren't very many for each individual firm. Second, lumping all ~5000 firms into the percentile ranking mutes the quality difference between the top firms; and I think most WSO users would be most interested in looking at rankings that consider, say, only the top 50 firms in a given category (i.e. top 50 investment banks). The relative rankings would then mean more.

And ultimately when the list shows Piper Jaffray ahead of Goldman in terms of career advancement, the gut test says the data is not very reliable.

Dec 4, 2014 - 6:19pm

This is a refreshing perspective compared to the league tables banks show. Consider this a different kind of fairness opinion... Good for undergrads to get a perspective on the changing landscapes.

Not too happy about the BBs being knocked out... but robust data doesn't lie.

"To be the best, work with the best, compete against the best, and look up to the best; be humbler, improve the world more, and understand life better than the best. Only then will you find enlightenment... in knowing that you will never be the best."
Dec 9, 2014 - 4:26pm

Take your useless dogmatic comments somewhere else. No value being added here.

regarding your grammatical inquisition, for someone who always pointlessly comments on posts to do a Google search, take your own advice and stop wasting everyone's with your attempts to gain approval.

"To be the best, work with the best, compete against the best, and look up to the best; be humbler, improve the world more, and understand life better than the best. Only then will you find enlightenment... in knowing that you will never be the best."
Dec 4, 2014 - 6:20pm

Can someone shed more light on the data sources. Thanks.

"To be the best, work with the best, compete against the best, and look up to the best; be humbler, improve the world more, and understand life better than the best. Only then will you find enlightenment... in knowing that you will never be the best."
Dec 4, 2014 - 6:27pm

I know these percentile/rankings are based off of WSO database submissions, but when you don't include Centerview and Greenhill. Centerview is known for its 3 year program where they try to cultivate analysts into becoming Associates and Vice Presidents. Greenhill allows analysts significant amount of face time with higher ups.

It's a good effort. However, I think there's not enough data points to fully capture the true percentile/rankings. Then again it'd be damn near impossible to capture the true percentile/rankings. I expect these percentile/rankings to become more and more trusted in the future.

Do you guys remove outliers? For example someone can go shit on Evercore right now.

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

  • 2
Dec 4, 2014 - 6:27pm

A lot of problems with this list....I dont know how you don't have BAML in the top 15 for career advancement or professional growth...Look at their placement (Carlyle, Warburg, Kelso, T.H. Lee, KKR, Apollo, etc...) All in one year btw. Also second in the M&A league tables...I understand the list is data driven but consider that your data has some serious biases. No chance GS has a 90+ percentile offer rate when it's well known they take 40% of their S&T class and maybe 70% of their IBD class. No chance that puts them in the top percentile.

Dec 8, 2014 - 4:34pm

Going Concern:

DickFuld:

I love all of the unnecessary butthurt about this list.

I'm a little surprised they left out the brothers lehman

As an I, but you don't see me getting all butthurt about it.
Dec 5, 2014 - 4:54pm

This is a very interesting set of rankings. I concur with others who have asked how 'Professional Growth' and 'Career Advancement' are being defined for this purpose.

In my experience 'Professional Growth' means the opportunity to enhance and broaden your skill set - the opportunity to become a well-rounded banker capable of speaking to clients about a wide range of investment banking services with expertise - (and those are the best bankers - ones who can talk with as much knowledge about M&A and strategic alternatives as they can about equity-linked financing, liability management, hedging and debt products, for example).

'Career Advancement' (in my view) - which institutions provide you with the best track for promotion or the best routes to the most elite buy-side firms.

I do take issue with these lists (its certainly not how I would rank them) but if this is based on member rankings, as indicated above then obviously I am in the minority.

  • 2
Dec 6, 2014 - 10:08am

Anyone can fill in any WSO surveys. They are not validated (vs. Most employee surveys come from company emails, etc.). Major integrity issue. Also believe responses are collected over the years, not a smaller timeframe snapshot? This will change things, especially for banks that were not doing so hot few years ago, but recovered.

Array
  • 1
Dec 7, 2014 - 3:02pm

Lies, damned lies and statistics.

First: The evaluating criteria succumb to being dubious and ill-defined. When submitting a company review, there's really not much clarity on what "professional development" means to someone.

Second: People report on the context of their relative experience, not absolute, or vis-a-vis other firms. This is why many of the small boutiques/MM firms here claim to have great opportunities for career advancement when I doubt they're putting more analysts into PE shops or into good associate positions at the same or other banks. A quick LinkedIn search backs up that inclination.

Third: I'm not sure, but how far back is your timeline on your data? As any good finance monkey knows, old data is stale data is bad data.

No butthurt here, just trying to be objective as many kids ascribe more value to this website than maybe they should. At the end of the day, is any kid with opportunities at KBW and Goldman going to choose the former?

Dec 22, 2015 - 12:22pm
  1. I would also echo the data integrity issue. If you could create a specialty report with opinions of verified users / email address from the firm, etc, the higher quality output would be more well worth it.

  2. As another user mentioned, a relative ranking would be a really fun report to read (asking verified users to rank their top 20 investment banks on various dimensions) and would have a higher quality to it. Could also be updated regularly.

  3. Similarly, the salary report could be cleaned up in this similar manner (U.S. IBD only, higher quality reporting). We all know the BB's pay a standardized rate for Analysts and Associates, so make the compensation report similar in that you're getting higher quality data points.

Array
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Dec 22, 2015 - 12:27pm

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