INVESTMENT BANKING DIVERSITY STATS - As of December, 2017
This employer diversity data is based solely on user submissions to the WSO Company Database for interviews and employment during 2015, 2016, 2017. Historical reports: 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011
Racial Diversity
Firm
YoY Δ
Percentile
Goldman Sachs
02
98.7%
Greenhill
No
97.4%
JPMorgan Chase
06
96.1%
Société Générale
03
94.7%
Deutsche Bank
14
93.4%
Barclays
01
92.1%
Cowen Group
52
90.8%
DNB Markets
New
89.5%
Perella Weinberg Partners
51
88.2%
Macquarie Group Limited ABN
14
86.8%
Bank of America Merrill Lynch
10
85.5%
Credit Suisse
05
84.2%
Citigroup
01
82.9%
HSBC
08
81.6%
TD Securities
15
80.3%
Evercore
03
78.9%
Nomura Holdings
No
77.6%
Moelis & Company
08
76.3%
RBC Capital Markets
01
75.0%
Stephens Inc
05
73.7%
Wells Fargo and Company
03
72.4%
Cantor Fitzgerald
New
71.1%
PJT Partners
12
69.7%
CIBC World Markets
13
68.4%
Standard Chartered Bank
02
67.1%
Mizuho
05
65.8%
Morgan Stanley
02
64.5%
MHT Partners
20
63.2%
William Blair
01
61.8%
Rothschild
19
60.5%
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
Citic Securities International （中信证卷） (51.0%)
New
98.8%
China International Capital Corporation (32.2%)
50
97.7%
nomura securities (30.9%)
01
96.5%
RBS Royal Bank of Scotland (26.6%)
01
95.3%
Greentech Capital Advisors (24.0%)
New
94.2%
Centerview Partners (23.0%)
56
93.0%
Credit Agricole (22.5%)
05
91.9%
National Bank Financial Group (22.3%)
03
90.7%
HSBC (22.0%)
10
89.5%
BNP Paribas (21.0%)
10
88.4%
JMP Group (20.8%)
35
87.2%
Deutsche Bank (20.8%)
13
86.0%
Financial Technology Partners (20.5%)
09
84.9%
Goldman Sachs (19.6%)
04
83.7%
JPMorgan Chase (19.1%)
07
82.6%
VTB Group (17.6%)
New
81.4%
Bank of America Merrill Lynch (17.3%)
10
80.2%
Barclays (17.0%)
12
79.1%
Hammond Hanlon Camp (16.3%)
New
77.9%
RBC Royal Bank of Canada (16.0%)
15
76.7%
Macquarie Group Limited ABN (15.5%)
27
75.6%
Citigroup (15.5%)
01
74.4%
Stifel Nicolaus and Company, Inc (15.3%)
16
73.3%
CIBC World Markets (15.2%)
09
72.1%
Credit Suisse (14.9%)
11
70.9%
Société Générale (14.9%)
08
69.8%
Lazard Middle Market (14.5%)
02
68.6%
Nomura Holdings (14.4%)
19
67.4%
PNC Financial Services (13.9%)
16
66.3%
UBS AG (13.7%)
13
65.1%
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
Harvey & Company (31.7%)
New
98.8%
Cascadia Capital LLC (29.4%)
New
97.7%
AGC Partners (28.0%)
No
96.5%
Stephens Inc (26.8%)
01
95.3%
Centerview Partners (26.2%)
26
94.2%
VTB Group (26.0%)
New
93.0%
KeyBanc Capital Markets (24.0%)
19
91.9%
Ziegler (24.0%)
New
90.7%
Alantra (22.3%)
New
89.5%
Mizuho (22.2%)
48
88.4%
Cantor Fitzgerald (21.7%)
New
87.2%
Piper Jaffray (20.9%)
15
86.0%
Harris Williams & Co. (19.0%)
42
84.9%
SunTrust Robinson Humphrey STRH (18.4%)
08
83.7%
RBS Royal Bank of Scotland (17.9%)
04
82.6%
MHT Partners (17.3%)
41
81.4%
Nomura Holdings (16.6%)
05
80.2%
Stifel Nicolaus and Company, Inc (16.6%)
16
79.1%
Oppenheimer (16.1%)
13
77.9%
Raymond James Financial Inc. (15.6%)
09
76.7%
GCA Savvian (15.1%)
14
75.6%
Millstein and Co (15.1%)
New
74.4%
Cowen Group (15.0%)
07
73.3%
MUFG (14.2%)
New
72.1%
Moelis & Company (14.1%)
04
70.9%
PNC Financial Services (13.9%)
10
69.8%
Barclays (13.7%)
09
68.6%
Guggenheim Partners (13.6%)
25
67.4%
nomura securities (13.6%)
27
66.3%
William Blair (13.1%)
07
65.1%
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
Harris Williams & Co. (7.4%)
65
98.8%
PJT Partners (6.5%)
03
97.7%
Stephens Inc (5.9%)
01
96.5%
MHT Partners (5.6%)
02
95.3%
HSBC (4.9%)
24
94.2%
Greenhill (4.8%)
No
93.0%
Lincoln International (4.8%)
07
91.9%
Lazard Middle Market (3.9%)
03
90.7%
Goldman Sachs (3.8%)
07
89.5%
Cowen Group (3.0%)
02
88.4%
Moelis & Company (2.9%)
70
87.2%
Deutsche Bank (2.8%)
07
86.0%
Jefferies & Company (2.7%)
11
84.9%
Wells Fargo and Company (2.6%)
11
83.7%
Barclays (2.5%)
06
82.6%
Citigroup (2.4%)
12
81.4%
Raymond James Financial Inc. (2.4%)
57
80.2%
Houlihan Lokey (2.3%)
08
79.1%
Credit Suisse (2.3%)
02
77.9%
Nomura Holdings (2.2%)
59
76.7%
Bank of America Merrill Lynch (2.2%)
No
75.6%
Perella Weinberg Partners (1.9%)
45
74.4%
BMO Capital Markets (1.9%)
01
73.3%
JPMorgan Chase (1.8%)
03
72.1%
Société Générale (1.5%)
13
70.9%
UBS AG (1.5%)
05
69.8%
SunTrust Robinson Humphrey STRH (1.3%)
05
68.6%
William Blair (1.3%)
45
67.4%
Stifel Nicolaus and Company, Inc (1.3%)
48
66.3%
Evercore (1.3%)
06
65.1%
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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