INVESTMENT BANKING DIVERSITY STATS - As of December, 2016
This employer diversity data is based solely on user submissions to the WSO Company Database for interviews and employment during 2014, 2015, 2016. Historical reports: 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011
Racial Diversity
Firm
YoY Δ
Percentile
Société Générale
14
98.7%
Greenhill
21
97.5%
Goldman Sachs
07
96.2%
BNP Paribas
01
94.9%
Barclays
13
93.7%
HSBC
06
92.4%
Credit Suisse
12
91.1%
MHT Partners
07
89.9%
JPMorgan Chase
No
88.6%
RBS Royal Bank of Scotland
03
87.3%
Rothschild
03
86.1%
Citigroup
02
84.8%
Evercore
14
83.5%
Tudor Pickering Holt and Co
10
82.3%
Stephens Inc
54
81.0%
SunTrust Robinson Humphrey STRH
15
79.7%
Nomura Holdings
19
78.5%
Wells Fargo and Company
07
77.2%
Deutsche Bank
14
75.9%
RBC Capital Markets
03
74.7%
Bank of America Merrill Lynch
09
73.4%
RBC Royal Bank of Canada
11
72.2%
Standard Chartered Bank
28
70.9%
Macquarie Group Limited ABN
13
69.6%
Morgan Stanley
07
68.4%
Moelis & Company
05
67.1%
UBS AG
01
65.8%
William Blair
17
64.6%
Piper Jaffray
05
63.3%
TD Securities
10
62.0%
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
Tudor Pickering Holt and Co (40.6%)
No
98.7%
nomura securities (23.8%)
New
97.5%
RBS Royal Bank of Scotland (19.8%)
No
96.2%
Financial Technology Partners (18.6%)
05
94.9%
RBC Royal Bank of Canada (18.6%)
10
93.7%
Barclays (18.4%)
07
92.4%
Bank of America Merrill Lynch (18.1%)
02
91.1%
JPMorgan Chase (17.8%)
09
89.9%
Nomura Holdings (17.7%)
07
88.6%
Goldman Sachs (17.6%)
10
87.3%
National Bank Financial Group (17.5%)
01
86.1%
Credit Agricole (17.0%)
10
84.8%
PNC Financial Services (16.9%)
16
83.5%
Credit Suisse (16.7%)
08
82.3%
CIBC World Markets (15.9%)
06
81.0%
Morgan Stanley (15.6%)
04
79.7%
UBS AG (15.1%)
03
78.5%
Société Générale (14.8%)
10
77.2%
HSBC (14.5%)
12
75.9%
BNP Paribas (14.1%)
04
74.7%
Scotiabank (14.1%)
21
73.4%
Siemer & Associates (14.0%)
04
72.2%
Citigroup (13.9%)
No
70.9%
TD Securities (13.8%)
23
69.6%
Deutsche Bank (12.9%)
06
68.4%
Blackstone Group (12.4%)
12
67.1%
Moelis & Company (12.2%)
13
65.8%
Greenhill (11.5%)
17
64.6%
Lazard Middle Market (11.4%)
12
63.3%
Wells Fargo and Company (11.1%)
09
62.0%
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
China International Capital Corporation (28.4%)
03
98.8%
Stifel Nicolaus and Company, Inc (26.1%)
06
97.5%
AGC Partners (23.3%)
04
96.3%
Keefe Bruyette & Woods Inc. (23.3%)
11
95.1%
Stephens Inc (23.0%)
23
93.8%
Oppenheimer (22.6%)
No
92.6%
GCA Savvian (22.3%)
04
91.4%
BB&T (22.3%)
18
90.1%
Intrepid Investment Bankers (21.7%)
04
88.9%
JMP Group (20.8%)
No
87.7%
Raymond James Financial Inc. (20.2%)
07
86.4%
Nomura Holdings (17.8%)
20
85.2%
D.A. Davidson & Co (17.7%)
02
84.0%
Standard Chartered Bank (16.5%)
21
82.7%
Brookwood Associates (16.3%)
66
81.5%
PNC Financial Services (15.9%)
36
80.2%
Duff & Phelps (15.8%)
04
79.0%
Macquarie Group Limited ABN (15.7%)
01
77.8%
RBS Royal Bank of Scotland (15.5%)
10
76.5%
Brown Gibbons Lang and Company (15.1%)
48
75.3%
Union Square Advisors (15.1%)
New
74.1%
SunTrust Robinson Humphrey STRH (15.1%)
08
72.8%
William Blair (15.0%)
35
71.6%
UBS AG (14.4%)
10
70.4%
Tudor Pickering Holt and Co (14.1%)
No
69.1%
KeyBanc Capital Markets (13.9%)
02
67.9%
Piper Jaffray (13.8%)
13
66.7%
Deutsche Bank (13.8%)
13
65.4%
Moelis & Company (13.5%)
06
64.2%
Cowen Group (13.5%)
21
63.0%
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
Commerzbank AG (8.5%)
01
98.8%
MHT Partners (7.8%)
01
97.5%
BB&T (7.3%)
02
96.3%
Stephens Inc (6.5%)
71
95.1%
PJT Partners (6.5%)
New
93.8%
Greenhill (5.6%)
08
92.6%
TD Securities (5.3%)
06
91.4%
Cowen Group (5.3%)
16
90.1%
Barclays (4.6%)
06
88.9%
Keefe Bruyette & Woods Inc. (4.6%)
03
87.7%
Lazard Middle Market (4.5%)
05
86.4%
Société Générale (4.4%)
No
85.2%
Canaccord Genuity (3.9%)
05
84.0%
Lincoln International (3.8%)
03
82.7%
Blackstone Group (3.6%)
14
81.5%
Goldman Sachs (3.5%)
06
80.2%
Credit Suisse (3.1%)
01
79.0%
Rothschild (3.0%)
09
77.8%
Deutsche Bank (2.8%)
No
76.5%
Standard Chartered Bank (2.7%)
No
75.3%
Bank of America Merrill Lynch (2.4%)
05
74.1%
BMO Capital Markets (2.4%)
18
72.8%
RBS Royal Bank of Scotland (2.2%)
12
71.6%
Jefferies & Company (2.2%)
01
70.4%
Wells Fargo and Company (2.1%)
06
69.1%
Houlihan Lokey (1.9%)
No
67.9%
JPMorgan Chase (1.9%)
09
66.7%
Citigroup (1.7%)
06
65.4%
HSBC (1.7%)
04
64.2%
RBC Capital Markets (1.6%)
19
63.0%
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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