Is new Vault top 25 investment bank list accurate?
- Goldman Sachs & Co.
- Morgan Stanley
- J.P. Morgan
- Evercore
- Lazard
- Centerview Partners
- Moelis & Company
- Credit Suisse
- Bank of America Corp.
- Barclays Investment Bank (Americas)
- Perella Weinberg Partners
- Greenhill & Co., Inc.
- PJT Partners
- Citi Institutional Clients Group
- Jefferies
- Rothschild
- Guggenheim Securities
- UBS
- Allen & Company LLC
- Qatalyst Partners
- Houlihan Lokey
- Deutsche Bank AG
- RBC Capital Markets
- Wells Fargo & Company
- William Blair
No, that's absurd. I think JPM has had a bit of a decline in reputation at some target schools and the list of banks the candidates are likely to pick over JPM is expanding (GS, MS, Evercore, Lazard, PJT, Moelis?), but there is no no no way JPM is at #18 below Greenhill, Guggenheim, BAML, HL, WB, PJSC, HW, Cowen, UBS and Loop Capital, whatever the fuck that is)
JPM still warrants being 3 or down a peg?
It's a top 3 BB and whether or not it will be on someone's top 5 overall would depend on how he or she views BB vs. EB, in my opinion.
EDIT: OP Changed the list from "Banking 50" to "prestige"
Asked this down below, but how do you square what you've said here with PJT and how they are listed? Perhaps they are losing the BX glow..
As Jim Bateman said in another response, this ranking is "combining quality of life rankings (such as culture, satisfaction, work/life balance, training, and compensation) with overall prestige", so I don't really know what their relative position implies.
In terms of desirability during OCR, I find PJT a bit tough to assess since it's "not for everyone". It's a smaller EB with pretty concentrated areas of strength and a reputation for a bro-ey culture. There are people that would have them as their #1 target, and there are people that wouldn't even drop a resume, so I don't really know how to rate them. I'd say they're maybe a tier below EVR and LAZ in terms of overall popularity, but definitely not #21 overall.
Lol no. Guggenheim above Lazard? Cowen above JP Morgan? UBS above Citi? C'mon now..
The vault Top 50 investment banks to work for, is based on multiple factors, not just prestige.
If you are looking at the prestige rankings (which are often more valued in here due to more juniors looking to exit) JPM is nr 3.
http://www.vault.com/company-rankings/banking/most-prestigious-banking-…
the first ranking is probably more suited for career bankers who are looking for work/life balance, culture, promotion or whatever else goes into the original ranking. Although Moelis and Lazard may have high prestige factors, they are known for horrid hours and sometimes a toxic culture... so i think that has an impact on the first ranking.
If any of them makes sense? probably not - but no ranking really makes any sense.
This is a good reply. And this ranking is a lot more consistent with what I've seen over the 2 years of OCR.
Ah, thanks! I updated original post using this more accurate list.
I think what you've said is reinforced by PJ Solomon's ranking here. Are they the top of mind for potential recruits? Probably not. But they have a great core focus, are some of the nicest people around, their office is amazing, and they have a really good work life balance while still paying street.
+1 for good context. I would also add that something about this list is amiss (international slant?) given what firms are listed about HW, for instance.
Firms that are prestigious in the U.S. may not be elsewhere and vice versa.
EDIT: OP Changed the list from best place to work to prestige, so the number below is wrong
Agreed with what has already been said, so I won't rehash it.
I am really surprised at how low PJT comes in (#21) though, given how it is generally grouped in with heavy hitters like Evercore, at least on this site.
For those in the industry, is PJT's reputation headed south?
OP, when you change the premise or the question after it already has been answered, can you also keep the old context in your edit, so we don't all look like idiots?
Something I think undergrads often don't understand (including myself when I was an undergrad) is why this type of thing is so pointless. It's rare to be in a situation where you have offers from more than 2 of the above firms at the same time, and even two is not all that common.
If I break out this list into fifths, I can find at least one bank in each group that I interviewed at and one where I was not invited to interview at. For example, I had an interview for IB at MS, but didn't get an interview at RBC. I had an interview at Citi, but heard nothing from Barclays. So much of it comes down to chance. Does that make sense? Not really, but the fact is that there isn't a perfectly centralized job market where every candidate gets an equal look by every top 25 firm.
One notable exception to this is the tippy top kids that get offers at a bunch of shops, but they already know the drill without referencing a Vault list.
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