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
96.7%
Duff & Phelps
No
93.3%
Goldman Sachs
05
90.0%
Macquarie Group Limited ABN
01
86.7%
Nomura Holdings
New
83.3%
HSBC
10
80.0%
BMO Capital Markets
03
76.7%
JPMorgan
05
73.3%
Wells Fargo and Company
03
70.0%
UBS AG
06
66.7%
Barclays
04
63.3%
Guggenheim Partners
New
60.0%
Citigroup
02
56.7%
Oppenheimer
New
53.3%
Evercore
New
50.0%
Bank of America Merrill Lynch
07
46.7%
Deutsche Bank
04
43.3%
BNP Paribas
01
40.0%
Credit Suisse
07
36.7%
Houlihan Lokey
05
33.3%
Harris Williams & Co.
03
30.0%
Stifel Nicolaus and Company, Inc
New
26.7%
Moelis & Company
New
23.3%
RBS Royal Bank of Scotland
New
20.0%
Rothschild
New
16.7%
PNC Financial Services
New
13.3%
TD Securities
New
10.0%
RBC Royal Bank of Canada
New
6.7%
Lazard, Inc.
15
3.3%
Raymond James Financial Inc.
New
0.0%
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
UBS AG (14.2%)
07
96.8%
HSBC (13.9%)
New
93.5%
Macquarie Group Limited ABN (13.1%)
04
90.3%
CIBC World Markets (12.9%)
New
87.1%
Morgan Stanley (11.6%)
04
83.9%
BNP Paribas (11.0%)
01
80.6%
JPMorgan (10.5%)
03
77.4%
RBS Royal Bank of Scotland (10.3%)
New
74.2%
Barclays (10.2%)
07
71.0%
RBC Royal Bank of Canada (9.0%)
New
67.7%
Moelis & Company (8.9%)
New
64.5%
BMO Capital Markets (8.3%)
09
61.3%
Credit Suisse (8.2%)
07
58.1%
Deutsche Bank (8.1%)
02
54.8%
Evercore (7.6%)
New
51.6%
Citigroup (6.5%)
06
48.4%
Bank of America Merrill Lynch (6.0%)
08
45.2%
Nomura Holdings (5.6%)
New
41.9%
Raymond James Financial Inc. (4.9%)
05
38.7%
Rothschild (4.9%)
New
35.5%
Goldman Sachs (4.7%)
10
32.3%
Duff & Phelps (4.6%)
05
29.0%
Lazard, Inc. (3.8%)
07
25.8%
Wells Fargo and Company (1.9%)
11
22.6%
Société Générale (0.5%)
New
19.4%
Oppenheimer (0.5%)
New
16.1%
Stifel Nicolaus and Company, Inc (0.5%)
New
12.9%
TD Securities (0.4%)
New
9.7%
Harris Williams & Co. (0.3%)
14
6.5%
PNC Financial Services (0.3%)
New
3.2%
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
96.6%
TD Securities (19.7%)
New
93.1%
Deutsche Bank (19.2%)
02
89.7%
Nomura Holdings (18.4%)
New
86.2%
Morgan Stanley (17.9%)
03
82.8%
RBC Royal Bank of Canada (17.4%)
New
79.3%
Barclays (17.2%)
04
75.9%
Bank of America Merrill Lynch (17.0%)
07
72.4%
Guggenheim Partners (16.4%)
New
69.0%
JPMorgan (15.4%)
01
65.5%
UBS AG (15.2%)
01
62.1%
Credit Suisse (15.1%)
04
58.6%
Macquarie Group Limited ABN (13.8%)
02
55.2%
Goldman Sachs (13.7%)
07
51.7%
HSBC (12.5%)
09
48.3%
Harris Williams & Co. (11.8%)
12
44.8%
Wells Fargo and Company (11.4%)
02
41.4%
Rothschild (11.2%)
New
37.9%
BMO Capital Markets (10.9%)
05
34.5%
BNP Paribas (10.1%)
04
31.0%
Citigroup (9.8%)
11
27.6%
Lazard, Inc. (8.9%)
09
24.1%
RBS Royal Bank of Scotland (8.7%)
New
20.7%
Houlihan Lokey (7.3%)
06
17.2%
Duff & Phelps (5.1%)
08
13.8%
Stifel Nicolaus and Company, Inc (1.1%)
New
10.3%
Oppenheimer (0.9%)
New
6.9%
Evercore (0.8%)
New
3.4%
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
96.6%
HSBC (17.8%)
02
93.1%
Nomura Holdings (6.0%)
New
89.7%
Harris Williams & Co. (5.7%)
01
86.2%
JPMorgan (4.4%)
02
82.8%
Goldman Sachs (3.7%)
04
79.3%
Deutsche Bank (3.2%)
02
75.9%
Credit Suisse (3.0%)
07
72.4%
Bank of America Merrill Lynch (2.3%)
03
69.0%
Citigroup (1.2%)
07
65.5%
Morgan Stanley (1.1%)
05
62.1%
Stifel Nicolaus and Company, Inc (0.2%)
New
58.6%
RBS Royal Bank of Scotland (0.2%)
New
55.2%
Guggenheim Partners (0.2%)
New
51.7%
Oppenheimer (0.2%)
New
48.3%
Evercore (0.2%)
New
44.8%
PNC Financial Services (0.2%)
New
41.4%
RBC Royal Bank of Canada (0.1%)
New
37.9%
Rothschild (0.1%)
New
34.5%
BNP Paribas (0.1%)
12
31.0%
TD Securities (0.1%)
New
27.6%
Duff & Phelps (0.1%)
13
24.1%
Lazard, Inc. (0.1%)
12
20.7%
Houlihan Lokey (0.1%)
14
17.2%
Macquarie Group Limited ABN (0.1%)
11
13.8%
BMO Capital Markets (0.1%)
14
10.3%
Wells Fargo and Company (0.1%)
14
6.9%
Barclays (0.0%)
13
3.4%
UBS AG (0.0%)
11
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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