Happiest/Saddest Employees

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".

(Link to article)

 

The use of the word "miserable" sounds like hyperbole to me. Particularly when prefaced with "very". Disgruntled or unsatisfied would have been better.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
Best Response
Oreos:
The use of the word "miserable" sounds like hyperbole to me. Particularly when prefaced with "very". Disgruntled or unsatisfied would have been better.

2 HR isn't a surprise. Women complain about everything.

 
BTbanker:
Oreos:
The use of the word "miserable" sounds like hyperbole to me. Particularly when prefaced with "very". Disgruntled or unsatisfied would have been better.

2 HR isn't a surprise. Women complain about everything.

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.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
BTbanker:
Oreos:
The use of the word "miserable" sounds like hyperbole to me. Particularly when prefaced with "very". Disgruntled or unsatisfied would have been better.

2 HR isn't a surprise. Women complain about everything.

Would SB if I could. I lol'ed.

Here to learn and hopefully pass on some knowledge as well. SB if I helped.
 

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".

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 
NorthSider:
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".
This. People in the industry seem to take some perverse sense of pride in telling people how hard they work and how terrible their lives are. I can't say that I know what real misery is, but it certainly aint pounding out version 136 of a pitch book on a Saturday night for a Monday meeting. Annoying, seemingly fruitless, tedious - yes, yes, yes. Miserable? Probably not, at least in any real sense of the word.
 

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

 

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.

"Yes. Money has been a little bit tight lately, but at the end of my life, when I'm sitting on my yacht, am I gonna be thinking about how much money I have? No. I'm gonna be thinking about how many friends I have and my children and my comedy albums."
 
SilvioBerlusconi:
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.
Try a factory. People look like they want to commit su.
 
BTbanker:
SilvioBerlusconi:
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.
Try a factory. People look like they want to commit su.

But aren't we trying to bring back all those "good, well-paid manufacturing jobs" back to US?

"Yes. Money has been a little bit tight lately, but at the end of my life, when I'm sitting on my yacht, am I gonna be thinking about how much money I have? No. I'm gonna be thinking about how many friends I have and my children and my comedy albums."
 

Consequuntur quam quaerat itaque hic aut eum. Impedit doloribus soluta voluptatibus blanditiis autem dolor nihil.

Dolorum placeat perferendis in possimus et corrupti qui. Eligendi delectus non voluptatem sit nesciunt velit corporis non. Accusantium placeat est sapiente dolor laborum ad.

Sit eos autem eos repudiandae sint alias. Dolorem atque velit ut omnis aut eos.

 

Omnis animi reiciendis aut provident. Ducimus quae sit suscipit sequi ipsum ea placeat.

Harum magni qui animi quibusdam dolore excepturi repudiandae. Necessitatibus qui dolores delectus ullam quod ut. Et sunt magni et. Excepturi sit quo eum sunt. Aliquam iste soluta inventore dolorem. Qui odit architecto consequatur. Reprehenderit consequatur fugit commodi et id voluptate quia.

Et modi soluta illo. Reiciendis dolorum voluptatem est maxime. Suscipit nisi incidunt aut cum voluptatem ad. Nesciunt dolor quos harum cupiditate. Quam sed aut hic inventore in nobis.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”