INVESTMENT BANKING DIVERSITY STATS - As of December, 2011
This employer diversity data is based solely on user submissions to the WSO Company Database for interviews and employment during 2009, 2010, 2011. Historical reports: 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011
Racial Diversity
Firm
YoY Δ
Percentile
Morgan Stanley
No
96.8%
Duff & Phelps
No
93.5%
Goldman Sachs
05
90.3%
Macquarie Group Limited ABN
No
87.1%
Nomura Holdings
New
83.9%
BMO Capital Markets
04
80.6%
JPMorgan Chase
04
77.4%
UBS AG
03
74.2%
Wells Fargo and Company
03
71.0%
Guggenheim Partners
New
67.7%
Barclays
02
64.5%
Citigroup
01
61.3%
Oppenheimer
New
58.1%
Bank of America Merrill Lynch
07
54.8%
HSBC
01
51.6%
Deutsche Bank
01
48.4%
BNP Paribas
No
45.2%
Houlihan Lokey
04
41.9%
Harris Williams & Co.
01
38.7%
Stifel Nicolaus and Company, Inc
New
35.5%
Credit Suisse
09
32.3%
Evercore
New
29.0%
Moelis & Company
New
25.8%
RBS Royal Bank of Scotland
New
22.6%
Jefferies & Company
New
19.4%
Rothschild
New
16.1%
PNC Financial Services
New
12.9%
TD Securities
New
9.7%
RBC Royal Bank of Canada
New
6.5%
Lazard Middle Market
17
3.2%
Percentile rank on racial diversity based on how balanced companies are across five primary groups: Caucasian, Asian, African American, Latino/Spanish Origin and Other
Companies with only 10 or more submissions included
The up and down arrows next to each company represent the relative increase or decrease in position compared to the prior year report. The "= =" equal signs means there was no change and the "+ +" plus signs indicate a new company on the statistics.
Female Representation
Firm
YoY Δ
Percentile
Macquarie Group Limited ABN (13.1%)
06
96.9%
UBS AG (13.1%)
09
93.8%
Morgan Stanley (11.6%)
02
90.6%
BNP Paribas (10.9%)
01
87.5%
JPMorgan Chase (10.5%)
01
84.4%
RBS Royal Bank of Scotland (10.3%)
New
81.3%
HSBC (9.8%)
New
78.1%
RBC Royal Bank of Canada (8.9%)
New
75.0%
Barclays (8.9%)
07
71.9%
Moelis & Company (8.8%)
New
68.8%
BMO Capital Markets (8.3%)
08
65.6%
Credit Suisse (7.1%)
06
62.5%
CIBC World Markets (7.1%)
New
59.4%
Deutsche Bank (6.8%)
01
56.3%
Citigroup (6.5%)
06
53.1%
Bank of America Merrill Lynch (6.0%)
08
50.0%
Nomura Holdings (5.6%)
New
46.9%
Raymond James Financial Inc. (4.8%)
04
43.8%
Rothschild (4.8%)
New
40.6%
Goldman Sachs (4.7%)
10
37.5%
Duff & Phelps (4.6%)
04
34.4%
Lazard Middle Market (3.8%)
06
31.3%
Wells Fargo and Company (2.0%)
11
28.1%
Evercore (0.4%)
New
25.0%
Société Générale (0.4%)
New
21.9%
Oppenheimer (0.4%)
New
18.8%
Stifel Nicolaus and Company, Inc (0.4%)
New
15.6%
Jefferies & Company (0.3%)
New
12.5%
TD Securities (0.3%)
New
9.4%
Harris Williams & Co. (0.3%)
15
6.3%
Estimate percentage of females is shown in parenthesis after the company name
Companies with only 10 or more submissions included
The up and down arrows next to each company represent the relative increase or decrease in position compared to the prior year report. The "= =" equal signs means there was no change and the "+ +" plus signs indicate a new company on the statistics.
Athletic Representation
Firm
YoY Δ
Percentile
Moelis & Company (27.5%)
New
96.7%
TD Securities (19.6%)
New
93.3%
Deutsche Bank (19.6%)
02
90.0%
Nomura Holdings (18.4%)
New
86.7%
Morgan Stanley (17.9%)
03
83.3%
Barclays (17.5%)
03
80.0%
RBC Royal Bank of Canada (17.4%)
New
76.7%
Bank of America Merrill Lynch (17.0%)
07
73.3%
Guggenheim Partners (16.3%)
New
70.0%
UBS AG (15.5%)
02
66.7%
JPMorgan Chase (15.4%)
03
63.3%
Credit Suisse (15.3%)
06
60.0%
Macquarie Group Limited ABN (13.7%)
02
56.7%
Goldman Sachs (13.7%)
07
53.3%
Harris Williams & Co. (11.8%)
11
50.0%
Wells Fargo and Company (11.6%)
01
46.7%
Rothschild (11.2%)
New
43.3%
BMO Capital Markets (10.9%)
04
40.0%
BNP Paribas (10.1%)
03
36.7%
Citigroup (9.8%)
10
33.3%
Lazard Middle Market (8.9%)
08
30.0%
Jefferies & Company (8.6%)
New
26.7%
RBS Royal Bank of Scotland (8.6%)
New
23.3%
Houlihan Lokey (7.9%)
06
20.0%
HSBC (7.0%)
16
16.7%
Duff & Phelps (5.1%)
09
13.3%
Stifel Nicolaus and Company, Inc (1.0%)
New
10.0%
Oppenheimer (0.9%)
New
6.7%
Evercore (0.9%)
New
3.3%
PNC Financial Services (0.8%)
New
0.0%
Estimated percentage of varsity athletes is shown in parenthesis after the company name
Companies with only 10 or more submissions included
The up and down arrows next to each company represent the relative increase or decrease in position compared to the prior year report. The "= =" equal signs means there was no change and the "+ +" plus signs indicate a new company on the statistics.
Military Representation
Firm
YoY Δ
Percentile
Moelis & Company (20.2%)
New
96.7%
HSBC (18.9%)
No
93.3%
Nomura Holdings (6.0%)
New
90.0%
Harris Williams & Co. (5.7%)
01
86.7%
JPMorgan Chase (4.4%)
02
83.3%
Goldman Sachs (3.7%)
02
80.0%
Credit Suisse (3.1%)
06
76.7%
Bank of America Merrill Lynch (2.3%)
02
73.3%
Deutsche Bank (1.7%)
04
70.0%
Citigroup (1.2%)
07
66.7%
Morgan Stanley (1.1%)
05
63.3%
Stifel Nicolaus and Company, Inc (0.2%)
New
60.0%
Jefferies & Company (0.2%)
New
56.7%
RBS Royal Bank of Scotland (0.2%)
New
53.3%
Guggenheim Partners (0.2%)
New
50.0%
Oppenheimer (0.2%)
New
46.7%
Evercore (0.2%)
New
43.3%
PNC Financial Services (0.2%)
New
40.0%
RBC Royal Bank of Canada (0.1%)
New
36.7%
Rothschild (0.1%)
New
33.3%
BNP Paribas (0.1%)
13
30.0%
TD Securities (0.1%)
New
26.7%
Duff & Phelps (0.1%)
14
23.3%
Lazard Middle Market (0.1%)
13
20.0%
Houlihan Lokey (0.1%)
15
16.7%
Macquarie Group Limited ABN (0.1%)
12
13.3%
BMO Capital Markets (0.1%)
15
10.0%
Wells Fargo and Company (0.1%)
15
6.7%
Barclays (0.0%)
14
3.3%
UBS AG (0.0%)
12
0.0%
Estimated percentage of employees with military association is shown in parenthesis after the company name
Companies with only 10 or more submissions included
The up and down arrows next to each company represent the relative increase or decrease in position compared to the prior year report. The "= =" equal signs means there was no change and the "+ +" plus signs indicate a new company on the statistics
Thousands of Interview Questions Available by Firm
Methodology FAQ
How often is this data updated?
The rankings are constantly changing and evolving based on additional data we collect every day. The graphs and tables use the data from YTD and the prior 2 years. See tabs located above on this page to access previous year rankings.
Why do the average compensation numbers look so low?
Remember that the compensation you are accustomed to hearing for top performers in the top groups in New York is well above the average for cities around the world. The compensation average graphs are a global average which includes regional cities and groups that bring the average down. If you would like company and group specific compensation data, please visit the WSO Company Database.
Where does this data come from?
The compensation, review and interview data comes from WSO member submissions to the WSO Company Database. With over 50,000 submissions to date across thousands of companies, the database is solely a representation of what our members were paid and how they rank companies on various metrics. Please see below for a detailed breakdown of the member statistics for those that have contributed to the database.
What are the percentile rankings based on?
The percentile rankings of companies listed here are based on the current YTD and the prior two years of data for companies that received at least one vote. The simple average scores are converted into an Adjusted Score before the companies are ranked to take into account companies with a smaller sample size. This method uses Bayesian Statistics.
Why do you use Bayesian Statistics to adjust scores?
This methodology is used in order to account for standard deviation in rankings. As a company gets more rankings and data, we have more confidence that the average ranking is a true reflection of reality, so this is reflected in the adjusted scores and Percentile rankings. Learn more about Bayesian Statistics here.
Why don't I see company XYZ?
Some great smaller firms may not be represented in the rankings for the simple reason that we have not collected enough data to represent them accurately or for us to have enough data to display them at all.
What is the geographical representation of the submissions?
The WSO user base is very US-centric with approximately 70% of all submissions coming within the United States of America. Please see the detailed breakdown of the member statistics for those that have contributed to the database. For more company and city specific compensation, please visit the WSO Company Database.
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