Is Goldman Sachs the most prestigious financial firm?

firefighter's picture
Rank: King Kong | banana points 1,022

It seems from friends and here that GS is universally acknowledged as hands down the most prestigious firm on wall street and in finance. are there any other firms that come close to them? I heard people mention KKR and Morgan Stanley before so i guess they would be close seconds or something?

Comments (54)

Feb 13, 2011

no its not

Feb 13, 2011

There are several that are considered more prestigious. Blackstone is one, the second is Jefferies.

Feb 13, 2011
Guest1655:

There are several that are considered more prestigious. Blackstone is one, the second is Jefferies.

Jefferies; good one!

Feb 13, 2011

Completely group dependent. To anyone not working on wall street, it is the most known, and therefore you can say it is the most prestigious, I guess...

Feb 13, 2011

In investment banking it is one of the most prestigious, but if you are talking overall financial firms, it depends on what you are doing. Hedge funds like DE Shaw, Renaissance, Citadel, AQR, etc. would be more prestigious, and arguably top prop trading shops like Jane Street and Getco might also be more prestigious.

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Feb 13, 2011

lol your friends are idiots

There are many firms that are much more prestigious than GS. KKR, Carlyle, Blackstone, etc. on the PE side, Citadel, DE Shaw, on the quant/trading side, and a number of hedge funds that I'm not too familiar with.

I can name at least half a dozen people at my school who turned down GS IBD for places like BX, silver lake, etc.

GS is just another BB firm. While arguably more prestigious than MS, they're far from the most prestigious on wall street

Feb 13, 2011

There is difference between GS and KKR. KKR is a private equity firm and GS is an investment bank.

Best bank: GS
Best PE firm: Advent International
Best VC firm: Union Square Ventures

Feb 13, 2011

This exercise is a complete waste of time. If prestige is general name recognition, then prop trading firms like Jane Street and PE shops like Silver Lake aren't prestigious. And if prestige is something else, then it's too ephemeral to rank anyway. Under either scenario it's meaningless.

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Feb 13, 2011

GS is the most prestigious overall, and in the sense that it's quite difficult to get into a firm like KKR without Goldman on your resume. However, getting into GS is not the end of the game.

Feb 13, 2011

Why would anyone move from GS to KKR when KKR is #4 or 5 (Morgan Stanley is #2 and JPM #3?) and GS is #1 most prestigious? Seems stupid to me.

Feb 13, 2011

Obvious troll is obvious at this point.

Feb 13, 2011

How is this a troll? Goldman Sachs is #1 in the industry and the other good banks and private equity firms and hedge funds are ranked right after right?

Feb 13, 2011

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

Feb 13, 2011

OMG IT'S GOLDMAN SACHS OMG OMG WHAT IF I DONT GET IN? I THINK ILL BUST A CAP IN MY AS*. WTF, I REALLY NEED TO GET IN OR ELSE MIGHT AS WELL WAIT TO 2012.

Feb 13, 2011

^^^ fucking hilarious

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Feb 13, 2011

Fail.

Feb 13, 2011

Goldman Sacks is the best firm of all time DUH!!!! You are an IDIOT if you turn down teh Goldman Sacks for shitholes like KKR and Blackstone!!!11!

Feb 13, 2011

Not saying that, if you hate the GS guys and love the KKR guys go KKR, but all else equal 99% of people would say GS is the most prestigious bar none while only .2-.3% would say KKR or Blackstone

Feb 13, 2011
machinegunfunk:

Not saying that, if you hate the GS guys and love the KKR guys go KKR, but all else equal 99% of people would say GS is the most prestigious bar none while only .2-.3% would say KKR or Blackstone

Well then I guess it's settled.

This thread was mad fun, yo.

Feb 13, 2011

i want to be at premier I-Bank after graduation from university. i should accept my offer from Barcley's IBD or shoot for GS ops (in order to get a foot in there door)??

Feb 13, 2011
Art Vandelay:

i want to be at premier I-Bank after graduation from university. i should accept my offer from Barcley's IBD or shoot for GS ops (in order to get a foot in there door)??

If you want to be in the premier bank, you should go Goldman Sachs ops since GS>Barclays. But obviously depending on your interests (PE etc.) you can make an argument for going to a weaker firm in IBD, although some would say the brand GS really trumps all

Feb 13, 2011
machinegunfunk:
Art Vandelay:

i want to be at premier I-Bank after graduation from university. i should accept my offer from Barcley's IBD or shoot for GS ops (in order to get a foot in there door)??

If you want to be in the premier bank, you should go Goldman Sachs ops since GS>Barclays. But obviously depending on your interests (PE etc.) you can make an argument for going to a weaker firm in IBD, although some would say the brand GS really trumps all

i really really hope youre fuckign joking. this better be a huge troll. this is honestly the dumbest thing ive ever seen

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Feb 13, 2011
Feb 13, 2011

If I had the capital, I would create a new business school that ONLY accepted applications from GS/MS front office roles and call it the (G+M)S school of Finance. It'd rape Chicago and Wharton in the finance rankings easily.

Damn, someone give me a silver banana for this post, this is called INNOVATION bitches. unlike all you tools on excel all day.

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Feb 13, 2011

how would you guys feel about goldmans asset mgmt arm? how prestigious is that in terms of investment mgmt

Feb 13, 2011

Not saying that, if you hate the GS guys and love the KKR guys go KKR, but all else equal 99% of people would say GS is the most prestigious bar none while only .2-.3% would say KKR or Blackstone

you're retarded...you realize people from GS are trying to get INTO firms like KKR and Blackstone right? For most bankers, GS is simply a stepping stone to better jobs

Feb 13, 2011

No one's heard of Blackstone or KKR, it's not as prestigious as GOLDMAN SACHS period. most kids at GS try to go to those places because it's easier to become a partner there, but if you ask a regular joe if they'd rather be a partner at KKR or GS 99.9% would say GS because it simply is the most prestigious firm in finance

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Feb 13, 2011

Troll;

Crawl out of your ass and take a look around. This is the real world. Do you still have all your deposits at IndyMac?

Regular Joe's have not heard of KKR because they have no interest in finance. A look through the WSJ will find articles talking about KKR or Blackstone. Goldman Sachs is associated with making a lot of money and greed. The regular joes are the ones that vote Barney Frank into office. Give me a break.

Some people might believe this crap, don't mislead them. People have been asking about how to get their haircut lately.

Feb 13, 2011

Okay let me put a stop to this. According to a (crappy) London website, Goldman Sachs IS the most prestigious financial services firm. Check this out - http://news.hereisthecity.com/news/business_news/1...
The Top 30 Firms are as under:
1. Goldman Sachs

  1. BlackRock
  2. Blackstone
  3. Barclays Capital
  4. PIMCO
  5. J.P. Morgan
  6. Deutsche Bank
  7. Jefferies & Co
  8. Moelis & Co
  9. Cantor Fitzgerald / BGC Group
  10. Lazard
  11. KKR
  12. Rothschild
  13. RBC Capital Markets
  14. Morgan Stanley
  15. Standard Chartered Bank
  16. Wells Fargo
  17. Perella Weinberg Partners
  18. Credit Suisse
  19. Houlihan Lokey
  20. UBS
  21. Greenhill & Co
  22. Citigroup
  23. Bank of America Merrill Lynch
  24. Macquarie
  25. ICAP
  26. MF Global
  27. Nomura
  28. BNP Paribas
  29. HSBC Investment Bank
Feb 13, 2011

I think someone wants to win that troll competition

Feb 13, 2011

I almost broke my computer because of this thread.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Feb 13, 2011

My own personal list:

BEST OF THE BEST
1. Goldman Sachs
(big gap)

EXCELLENT
2. JP Morgan - big winner of crisis
(gap)
3. Morgan Stanley
(gap)
4. Blackstone

Good but not well known
5. KKR
6. Paulson hedge fund investor
7. Fidelity
8. BlackRock

Good investment banks
9. Deutsche Bank
10. Credit Suisse
11. HSBC

Not well known or in trouble with recession
12. TPG Capital
13. Renaissance Technology
14. Citadel Hedge fund
15. Jefferies
16. RBC Capital
17. Citi
18. UBS
19. Bank of America
20. Nomura

Obviously comparable if looking at front office positions (IBD, S&T, prime brokerage, asset management, wealth management, private equity, etc.) but I think this is pretty accurate; some of the more obscure names on the acs london list - perella weinberg, lazard, greenhill - that 99.9% of people haven't heard of don't qualify for top 20 rankings as they are not prestigious

Feb 13, 2011

Hahah this thread is getting better and better with every new post!

Feb 13, 2011

Pierce & Pierce

Feb 13, 2011

facepalm

Feb 13, 2011

This is like the pepsi challenge... everyone has their own taste. Plus for this to be serious you need a qualifier for "prestige" if we are saying its prestigious because it has a long name then ill start a new IB and call it "The Hot Spot Investment, M&A, LBO, and all around awesome modles and bottles Bank" and then it will be with out a doubt the most prestigious

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Feb 13, 2011

what about walmart vs kmart?

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Feb 13, 2011
blastoise:

what about walmart vs kmart?

Target = GS
Wal-Mart = JPM
Kmart = UBS

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Feb 13, 2011

lol why you think wal-mart > kmart?

you havn't been in kmart obviously kmart is like the white house of retail shops

Feb 13, 2011

Nah dude clearly you haven't been in a UBS...that list isn't necessarily in order, just set as equivalents.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Feb 13, 2011

by prestige:
1. BX, GS
2. JPM, MS, LAZ, GHL
3. CS, EVR, Barc, EVR, PWP, Moelis
4. Citi, BAML, UBS

Feb 13, 2011

I'm sitting in the tiny ass library in Florence and laughing so hard at this right now, all the little women are glaring at me over their glasses. Please don't stop, I need more of this.

Feb 13, 2011

The most prestigious firms are ones that most of us have likely never heard of...like the Delta Force of Wall Street.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Feb 14, 2011

I would rather work at rentec than anywhere else.

Feb 14, 2011

The most prestigious firm on wall street still is Starbucks. Nothing works w/o coffee.

Feb 14, 2011

tth_tth

Apr 12, 2011

bump

Apr 12, 2011

Blackstone > HSBC > Piper Jaffray > Goldman > Blackrock > Nomura

Apr 12, 2011

Hahahahahahahahaha

Feb 13, 2011

Does bs and kkr give you free food?

Apr 15, 2012

BlackCock is definitely the most prestigious