Investment Banking Company Statistics - As of December, 2023

These statistics are based solely on the user submissions to the WSO Company Database for employment during 2021, 2022, 2023. Each company is given an adjusted score using Bayesian estimates, which takes into account the number of reviews for a particular company. For more details, please see the Methodology FAQ below.
Hardest Interviews (1) (2)
What bank has the hardest interview?
Firm
YoY Δ
Percentile
Qatalyst Partners
No
99.4%
PJT Partners
05
98.8%
Financo
09
98.3%
Evercore
01
97.7%
Lazard Freres
06
97.1%
Moelis & Company
02
96.5%
Tudor Pickering Holt and Co
07
96.0%
Greenhill
06
95.4%
Leerink Partners
No
94.8%
Intrepid Investment Bankers
07
94.2%
CohnReznick Capital
01
93.6%
LionTree Advisors
04
93.1%
Ducera
07
92.5%
Guggenheim Partners
07
91.9%
Houlihan Lokey
04
91.3%
Centerview Partners
06
90.8%
Financial Technology Partners
02
90.2%
Marathon Capital LLC
New
89.6%
J.P. Morgan
16
89.0%
Rabobank Group
07
88.4%
Stout Risius Ross
05
87.9%
Perella Weinberg Partners
02
87.3%
DC Advisory
05
86.7%
Goldman Sachs
04
86.1%
JPMorgan
01
85.5%
RBC Capital Markets
03
85.0%
Lazard, Inc.
04
84.4%
TD Securities
04
83.8%
Morgan Stanley
01
83.2%
Jefferies & Company
New
82.7%

Percentile calculated only based off of investment banks that received at least two interview insights (173 total firms). See Methodology FAQ below for more information.

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.

Best Interview Experience (1) (2)
What bank has the best interview experience?
Firm
YoY Δ
Percentile
Cascadia Capital LLC
01
99.4%
Lincoln International
01
98.8%
Harris Williams & Co.
No
98.3%
Truist Securities
01
97.7%
Piper Sandler
12
97.1%
William Blair
01
96.5%
Duff & Phelps
01
96.0%
KeyBanc Capital Markets
04
95.4%
Rothschild
01
94.8%
Jefferies & Company
01
94.2%
Wells Fargo and Company
02
93.6%
Raymond James Financial Inc.
11
93.1%
Guggenheim Partners
No
92.5%
BNP Paribas
08
91.9%
PJ SOLOMON
06
91.3%
Banco Santander
New
90.8%
Deutsche Bank
New
90.2%
JMP Group
03
89.6%
Lazard Freres
11
89.0%
Credit Suisse
01
88.4%
RBC Royal Bank of Canada
07
87.9%
Canaccord Genuity
04
87.3%
Cowen Group
New
86.7%
Centerview Partners
New
86.1%
Citigroup
New
85.5%
Robert W. Baird & Co.
02
85.0%
Société Générale
15
84.4%
Greenhill
New
83.8%
Cambridge Wilkinson
01
83.2%
BMO Capital Markets
03
82.7%

Percentile calculated only based off of investment banks that received at least two interview insights (173 total firms). See Methodology FAQ below for more information.

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.

Prepare for Your Investment Banking Interview

Professional Growth and Career Opportunities - 267 Investment Banks

Overall Employee Satisfaction (1) (2)
Overall how satisfied are you working for this company?
Firm
YoY Δ
Percentile
Lincoln International
07
99.6%
William Blair
01
99.3%
Stephens Inc
14
98.9%
Moelis & Company
21
98.5%
FMI Corporation
New
98.1%
Robert W. Baird & Co.
04
97.8%
Financial Technology Partners
07
97.4%
Morgan Stanley
03
97.0%
Jefferies & Company
11
96.6%
Rabobank Group
New
96.3%
JPMorgan
04
95.9%
Duff & Phelps
07
95.5%
Brown Gibbons Lang and Company
New
95.1%
Lazard Freres
New
94.8%
TD Securities
01
94.4%
National Bank Financial Markets
02
94.0%
Bank of America Merrill Lynch
04
93.6%
Canaccord Genuity
03
93.3%
Credit Suisse
05
92.9%
Evercore
13
92.5%
Macquarie Group Limited ABN
12
92.1%
J.P. Morgan
New
91.8%
PwC Corporate Finance
New
91.4%
Harris Williams & Co.
New
91.0%
Houlihan Lokey
04
90.6%
BNP Paribas
New
90.3%
Scotiabank
New
89.9%
Banco Santander
New
89.5%
UBS AG
New
89.1%
MD Global Partners
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (267 total firms). See Methodology FAQ below for more information.

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.

Professional Growth Opportunities (1) (2)
Your opportunities for professional growth?
Firm
YoY Δ
Percentile
Lincoln International
No
99.6%
Lazard Freres
17
99.3%
Financial Technology Partners
03
98.9%
Jefferies & Company
02
98.5%
Stephens Inc
New
98.1%
UBS AG
16
97.8%
William Blair
02
97.4%
Morgan Stanley
01
97.0%
Moelis & Company
New
96.7%
JPMorgan
02
96.3%
Bank of America Merrill Lynch
08
95.9%
Credit Suisse
02
95.5%
Goldman Sachs
No
95.2%
Citigroup
12
94.8%
Perella Weinberg Partners
03
94.4%
Houlihan Lokey
01
94.1%
BNP Paribas
08
93.7%
TD Securities
09
93.3%
Rothschild
09
92.9%
Evercore
16
92.6%
PwC Corporate Finance
12
92.2%
Brown Gibbons Lang and Company
New
91.8%
Deutsche Bank
05
91.4%
Robert W. Baird & Co.
12
91.1%
RBC Capital Markets
10
90.7%
Canaccord Genuity
New
90.3%
FMI Corporation
New
90.0%
Barclays
New
89.6%
Tudor Pickering Holt and Co
New
89.2%
Arma Partners
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (269 total firms). See Methodology FAQ below for more information.

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.

Career Advancement Opportunities (1) (2)
Your opportunities for career advancement?
Firm
YoY Δ
Percentile
Lincoln International
No
99.6%
Lazard Freres
New
99.3%
Jefferies & Company
No
98.9%
William Blair
14
98.5%
Stephens Inc
New
98.1%
Financial Technology Partners
04
97.8%
UBS AG
16
97.4%
JPMorgan
No
97.0%
Credit Suisse
No
96.7%
Morgan Stanley
03
96.3%
Moelis & Company
New
95.9%
Bank of America Merrill Lynch
08
95.6%
Duff & Phelps
07
95.2%
Houlihan Lokey
03
94.8%
TD Securities
05
94.4%
Goldman Sachs
01
94.1%
Rothschild
07
93.7%
Evercore
13
93.3%
Citigroup
11
93.0%
RBC Capital Markets
06
92.6%
Deutsche Bank
03
92.2%
Robert W. Baird & Co.
06
91.9%
PwC Corporate Finance
10
91.5%
BNP Paribas
New
91.1%
Perella Weinberg Partners
03
90.7%
Tudor Pickering Holt and Co
New
90.4%
Brown Gibbons Lang and Company
New
90.0%
BMO Capital Markets
07
89.6%
Macquarie Group Limited ABN
10
89.3%
Truist Securities
03
88.9%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (270 total firms). See Methodology FAQ below for more information.

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.

Intern Offer Rates (1)
Average percentage of interns receiving full time offers
Firm
YoY Δ
Percentile
Allison-Williams
New
100.0%
Ducera
New
100.0%
Incentrum Group
No
100.0%
Berkery Noyes
No
100.0%
Barrington Research
No
100.0%
Arlington Capital Advisors
No
100.0%
FMI Corporation
New
100.0%
Hammond Hanlon Camp
New
100.0%
Miller Buckfire
02
95.0%
Centerview Partners
No
90.0%
BBVA Compass
No
90.0%
Olsen Palmer
New
90.0%
Carnegie Investment Bank AB
01
90.0%
Stout Risius Ross
New
90.0%
Cambridge Wilkinson
02
90.0%
B. Riley & Co.
02
90.0%
William Blair
No
87.7%
Robert W. Baird & Co.
New
87.1%
Piper Sandler
New
85.8%
TD Securities
05
85.6%
Wells Fargo Securities
02
85.0%
Bowen Advisors
New
85.0%
National Bank of Canada
01
85.0%
PJT Partners
08
84.4%
Evercore
New
83.5%

Simple average based off of investment banks that received at least one intern offer data point (159 total firms). See Methodology FAQ below for more information.

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.

Company Specific Salary and Bonus Data Available

Promotions and Fairness - 267 Investment Banks

Feedback (1) (2)
Feedback you receive about your job performance?
Firm
YoY Δ
Percentile
Lincoln International
01
99.6%
Banco Santander
01
99.3%
William Blair
01
98.9%
Robert W. Baird & Co.
01
98.5%
Stephens Inc
New
98.1%
Lazard Freres
New
97.8%
Credit Suisse
05
97.4%
FMI Corporation
New
97.0%
BNP Paribas
03
96.6%
Brown Gibbons Lang and Company
New
96.3%
Société Générale
11
95.9%
Jefferies & Company
02
95.5%
Rabobank Group
New
95.1%
Houlihan Lokey
07
94.8%
Financial Technology Partners
New
94.4%
Canaccord Genuity
08
94.0%
PwC Corporate Finance
13
93.7%
Berenberg Bank
09
93.3%
TD Securities
No
92.9%
Morgan Stanley
03
92.5%
HSBC
New
92.2%
LionTree Advisors
New
91.8%
JPMorgan
05
91.4%
UBS AG
04
91.0%
Moelis & Company
New
90.7%
Guggenheim Partners
15
90.3%
PJ SOLOMON
17
89.9%
Credit Agricole
New
89.6%
Evercore
24
89.2%
Piper Sandler
01
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (268 total firms). See Methodology FAQ below for more information.

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.

Best Recognition (1) (2)
Recognition and praise you receive when you do a good job?
Firm
YoY Δ
Percentile
Lincoln International
01
99.6%
Banco Santander
01
99.3%
Canaccord Genuity
14
98.9%
Lazard Freres
New
98.5%
Rabobank Group
New
98.1%
FMI Corporation
New
97.8%
William Blair
01
97.4%
Stephens Inc
New
97.0%
BNP Paribas
09
96.7%
Credit Suisse
11
96.3%
Perella Weinberg Partners
03
95.9%
Morgan Stanley
12
95.5%
PJ SOLOMON
08
95.2%
Société Générale
New
94.8%
Duff & Phelps
07
94.4%
Jefferies & Company
07
94.1%
Truist Securities
02
93.7%
National Bank Financial Markets
04
93.3%
Berenberg Bank
09
92.9%
Tudor Pickering Holt and Co
New
92.6%
Financial Technology Partners
New
92.2%
PwC Corporate Finance
New
91.8%
Citigroup
New
91.4%
Guggenheim Partners
New
91.1%
Bank of America Merrill Lynch
05
90.7%
Wells Fargo and Company
06
90.3%
Moelis & Company
New
90.0%
Houlihan Lokey
New
89.6%
Brown Gibbons Lang and Company
New
89.2%
RBS Royal Bank of Scotland
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (269 total firms). See Methodology FAQ below for more information.

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.

Most Fair (1) (2)
Fairness in how promotions are given and people are treated?
Firm
YoY Δ
Percentile
Lincoln International
09
99.6%
William Blair
01
99.3%
Canaccord Genuity
05
98.9%
Rabobank Group
New
98.5%
Stephens Inc
New
98.1%
Credit Suisse
06
97.8%
Robert W. Baird & Co.
03
97.4%
FMI Corporation
New
97.0%
Macquarie Group Limited ABN
04
96.6%
PwC Corporate Finance
07
96.3%
Duff & Phelps
No
95.9%
Jefferies & Company
08
95.5%
Moelis & Company
New
95.1%
Raymond James Financial Inc.
05
94.8%
Banco Santander
New
94.4%
Morgan Stanley
01
94.0%
Brown Gibbons Lang and Company
New
93.7%
J.P. Morgan
New
93.3%
Houlihan Lokey
New
92.9%
Bank of America Merrill Lynch
02
92.5%
Deutsche Bank
New
92.2%
Nomura Holdings
08
91.8%
JPMorgan
New
91.4%
BMO Capital Markets
New
91.0%
Guggenheim Partners
01
90.7%
RBS Royal Bank of Scotland
New
90.3%
B. Riley & Co.
New
89.9%
Financial Technology Partners
10
89.6%
MD Global Partners
New
89.2%
Tudor Pickering Holt and Co
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (268 total firms). See Methodology FAQ below for more information.

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.

All Company Specific Reviews Available

Compensation - 267 Investment Banks

Best Pay (1) (2)
Your compensation compared with similar jobs elsewhere?
Firm
YoY Δ
Percentile
Financial Technology Partners
03
99.6%
William Blair
01
99.3%
Moelis & Company
12
98.9%
Lincoln International
10
98.5%
Lazard Freres
13
98.1%
Jefferies & Company
01
97.8%
Perella Weinberg Partners
No
97.4%
Evercore
07
97.0%
Robert W. Baird & Co.
03
96.6%
Guggenheim Partners
01
96.3%
Rothschild
03
95.9%
Tudor Pickering Holt and Co
New
95.5%
Credit Suisse
01
95.1%
LionTree Advisors
New
94.8%
Bank of America Merrill Lynch
05
94.4%
JPMorgan
05
94.0%
Harris Williams & Co.
04
93.7%
TD Securities
New
93.3%
Wells Fargo and Company
01
92.9%
National Bank Financial Markets
07
92.5%
PJT Partners
19
92.2%
Goldman Sachs
03
91.8%
Houlihan Lokey
01
91.4%
Morgan Stanley
01
91.0%
UBS AG
New
90.7%
Canaccord Genuity
02
90.3%
Piper Sandler
01
89.9%
Leerink Partners
New
89.6%
Citigroup
New
89.2%
Deutsche Bank
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (268 total firms). See Methodology FAQ below for more information.

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.

Company Specific Salary and Bonus Data Available

Senior Management - 267 Investment Banks

Best Communication (1) (2)
Communications from management about important issues and changes?
Firm
YoY Δ
Percentile
Lincoln International
No
99.6%
Stephens Inc
No
99.3%
William Blair
02
98.9%
Robert W. Baird & Co.
04
98.5%
FMI Corporation
New
98.1%
Jefferies & Company
04
97.8%
Canaccord Genuity
23
97.4%
Morgan Stanley
07
97.0%
Duff & Phelps
09
96.7%
Brown Gibbons Lang and Company
New
96.3%
Rabobank Group
New
95.9%
Arma Partners
New
95.5%
PwC Corporate Finance
09
95.2%
Moelis & Company
No
94.8%
Macquarie Group Limited ABN
05
94.4%
DNB Markets
No
94.1%
Financial Technology Partners
New
93.7%
JPMorgan
New
93.3%
Bank of America Merrill Lynch
02
92.9%
BNP Paribas
New
92.6%
TD Securities
02
92.2%
Lazard Freres
New
91.8%
Nomura Holdings
New
91.4%
Evercore
12
91.1%
Wells Fargo and Company
01
90.7%
MD Global Partners
New
90.3%
Raymond James Financial Inc.
02
90.0%
Credit Suisse
New
89.6%
Harris Williams & Co.
01
89.2%
Citigroup
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (269 total firms). See Methodology FAQ below for more information.

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.

Best Teamwork (1) (2)
Information and knowledge sharing withing company?
Firm
YoY Δ
Percentile
Lincoln International
No
99.6%
William Blair
01
99.3%
Financial Technology Partners
02
98.9%
Stephens Inc
25
98.5%
Banco Santander
01
98.1%
Natixis
10
97.8%
PwC Corporate Finance
10
97.4%
Jefferies & Company
12
97.0%
J.P. Morgan
New
96.7%
FMI Corporation
New
96.3%
Morgan Stanley
14
95.9%
Robert W. Baird & Co.
05
95.5%
Canaccord Genuity
03
95.2%
Lazard Freres
New
94.8%
Moelis & Company
New
94.4%
Duff & Phelps
New
94.1%
Rabobank Group
New
93.7%
Macquarie Group Limited ABN
06
93.3%
JPMorgan
New
92.9%
Brown Gibbons Lang and Company
New
92.6%
Citigroup
New
92.2%
Rothschild
01
91.8%
Bank of America Merrill Lynch
01
91.4%
BNP Paribas
New
91.1%
Nomura Holdings
05
90.7%
Evercore
15
90.3%
Credit Suisse
New
90.0%
UBS AG
New
89.6%
Roth Capital Partners
New
89.2%
PJ SOLOMON
16
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (269 total firms). See Methodology FAQ below for more information.

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.

Best Leadership (1) (2)
Leadership abilities of senior management?
Firm
YoY Δ
Percentile
Lincoln International
03
99.6%
Financial Technology Partners
No
99.3%
Banco Santander
10
98.9%
Stephens Inc
New
98.5%
William Blair
02
98.1%
Canaccord Genuity
15
97.8%
Lazard Freres
New
97.4%
Jefferies & Company
06
97.0%
Robert W. Baird & Co.
03
96.6%
Rabobank Group
New
96.3%
FMI Corporation
New
95.9%
TD Securities
12
95.5%
Evercore
04
95.1%
Morgan Stanley
04
94.8%
MD Global Partners
New
94.4%
PwC Corporate Finance
11
94.0%
Duff & Phelps
02
93.7%
Moelis & Company
New
93.3%
PJ SOLOMON
14
92.9%
Deutsche Bank
New
92.5%
Brown Gibbons Lang and Company
New
92.2%
Bank of America Merrill Lynch
02
91.8%
J.P. Morgan
New
91.4%
BNP Paribas
New
91.0%
JPMorgan
03
90.7%
WBB Securities
New
90.3%
Citigroup
New
89.9%
UBS AG
New
89.6%
Houlihan Lokey
New
89.2%
Roth Capital Partners
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (268 total firms). See Methodology FAQ below for more information.

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.

Competence (1) (2)
Competence of senior management?
Firm
YoY Δ
Percentile
Lincoln International
No
99.6%
Stephens Inc
19
99.3%
Banco Santander
04
98.9%
William Blair
05
98.5%
Canaccord Genuity
10
98.1%
Jefferies & Company
07
97.8%
Financial Technology Partners
02
97.4%
Leerink Partners
New
97.0%
Lazard Freres
New
96.6%
Robert W. Baird & Co.
No
96.3%
Morgan Stanley
06
95.9%
Rabobank Group
New
95.5%
Moelis & Company
15
95.1%
FMI Corporation
New
94.8%
Berenberg Bank
12
94.4%
PwC Corporate Finance
New
94.0%
Duff & Phelps
New
93.7%
J.P. Morgan
New
93.3%
Houlihan Lokey
New
92.9%
PJ SOLOMON
14
92.5%
Bank of America Merrill Lynch
05
92.2%
Goldman Sachs
04
91.8%
Brown Gibbons Lang and Company
New
91.4%
National Bank Financial Group
04
91.0%
Evercore
13
90.7%
National Bank Financial Markets
New
90.3%
JPMorgan
No
89.9%
TD Securities
New
89.6%
Arma Partners
New
89.2%
Rothschild
16
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (268 total firms). See Methodology FAQ below for more information.

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

Reputation - 267 Investment Banks

Proudest Employees (1) (2)
Company as a place you are proud to work?
Firm
YoY Δ
Percentile
Stephens Inc
12
99.6%
Lincoln International
01
99.3%
Lazard Freres
24
98.9%
JPMorgan
02
98.5%
Morgan Stanley
02
98.1%
Robert W. Baird & Co.
01
97.8%
Moelis & Company
10
97.4%
Canaccord Genuity
12
97.0%
Goldman Sachs
01
96.7%
William Blair
04
96.3%
Rothschild
07
95.9%
Jefferies & Company
03
95.5%
Bank of America Merrill Lynch
03
95.2%
Houlihan Lokey
02
94.8%
Financial Technology Partners
14
94.4%
PwC Corporate Finance
15
94.1%
FMI Corporation
New
93.7%
BNP Paribas
08
93.3%
Evercore
13
92.9%
Société Générale
New
92.6%
TD Securities
02
92.2%
J.P. Morgan
New
91.8%
Macquarie Group Limited ABN
12
91.4%
UBS AG
New
91.1%
Perella Weinberg Partners
04
90.7%
Guggenheim Partners
New
90.3%
Rabobank Group
New
90.0%
Citigroup
New
89.6%
National Bank Financial Markets
New
89.2%
Barclays
11
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (269 total firms). See Methodology FAQ below for more information.

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.

Company Specific Salary and Bonus Data Available

Life Style - 267 Investment Banks

Time Off (1) (2)
Management support for needed time off?
Firm
YoY Δ
Percentile
Banco Santander
No
99.6%
Lincoln International
06
99.3%
William Blair
07
98.9%
Natixis
02
98.5%
FMI Corporation
New
98.1%
Robert W. Baird & Co.
09
97.8%
Rabobank Group
New
97.4%
Duff & Phelps
05
97.0%
Truist Securities
09
96.7%
BNP Paribas
14
96.3%
Canaccord Genuity
05
95.9%
Credit Agricole
15
95.5%
Credit Suisse
06
95.2%
HSBC
07
94.8%
Macquarie Group Limited ABN
02
94.4%
BMO Capital Markets
07
94.1%
Leerink Partners
New
93.7%
Intesa Sanpaolo
New
93.3%
TD Securities
New
92.9%
PwC Corporate Finance
05
92.6%
Citigroup
05
92.2%
Nomura Holdings
05
91.8%
Capstone Partners
03
91.4%
Société Générale
New
91.1%
Lazard Freres
New
90.7%
Jefferies & Company
New
90.3%
Morgan Stanley
New
90.0%
Scotiabank
New
89.6%
Deutsche Bank
New
89.2%
Bryan Garnier and Co
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (269 total firms). See Methodology FAQ below for more information.

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.

Best Work/Life Balance (1) (2)
Employer support in balancing between work life and personal life?
Firm
YoY Δ
Percentile
Banco Santander
01
99.6%
Natixis
01
99.3%
FMI Corporation
16
98.9%
William Blair
07
98.5%
Rabobank Group
10
98.1%
Lincoln International
23
97.8%
Macquarie Group Limited ABN
01
97.4%
Duff & Phelps
04
97.0%
PwC Corporate Finance
17
96.6%
Capstone Partners
No
96.3%
Intesa Sanpaolo
New
95.9%
MD Global Partners
New
95.5%
Société Générale
04
95.1%
Credit Agricole
02
94.8%
HSBC
10
94.4%
Brown Gibbons Lang and Company
New
94.0%
BNP Paribas
13
93.7%
CB Capital Partners
No
93.3%
Credit Suisse
New
92.9%
TD Securities
New
92.5%
Canaccord Genuity
07
92.2%
Robert W. Baird & Co.
New
91.8%
BMO Capital Markets
New
91.4%
Truist Securities
New
91.0%
Nomura Holdings
New
90.7%
Berenberg Bank
21
90.3%
Wells Fargo and Company
11
89.9%
MUFG
New
89.6%
RBS Royal Bank of Scotland
05
89.2%
Morgan Stanley
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (268 total firms). See Methodology FAQ below for more information.

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.

Worst Work/Life Balance (1) (2)
Employer support in balancing between work life and personal life?
Firm
YoY Δ
Percentile
TM Capital
New
99.6%
Seabury Group
01
99.3%
Kempen
01
98.9%
Cappello Global
New
98.5%
Ramirez and Co
New
98.1%
The Opes Group
21
97.8%
VTB Group
02
97.4%
Messier Maris & Associés
02
97.0%
FINNEA Group
02
96.6%
Olsen Palmer
New
96.3%
Gravitas Securities Inc
New
95.9%
Montgomery & Co.
No
95.5%
Vaquero Capital
No
95.1%
China Securities
New
94.8%
Haywood Securities
No
94.4%
Software Equity Group
New
94.0%
Valitas Capital Partners
New
93.7%
Incentrum Group
01
93.3%
ABG Sundal Collier
18
92.9%
Eastdil Secured
No
92.5%
Berkery Noyes
02
92.2%
Investec
03
91.8%
Copper Run Capital
03
91.4%
Sino HK Capital Limited
04
91.0%
Edgemont Capital Partners
New
90.7%
Essence Securities
04
90.3%
Citic Securities
New
89.9%
The Sage Group
New
89.6%
Maybank Investment Bank Berhad
New
89.2%
Forbes Mergers and Acquisitions
New
88.8%

Percentile calculated based off of adjusted score only for investment banks that received at least one vote (268 total firms). See Methodology FAQ below for more information.

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.

Most Average Hours Worked (1)
How many hours do you work an average?
Firm
YoY Δ
Percentile
Morgan Stanley
No
90.0
Livingstone Partners
New
85.0
Stephens
04
85.0
CapM Advisors
04
85.0
Lazard
04
85.0
EC Mergers and Acquisitions
04
85.0
AGC Partners
04
85.0
BTG Pactual
19
83.3
Hammond Hanlon Camp
20
82.5
Financial Technology Partners
09
81.9
Moelis & Company
New
80.6
Harris Williams & Co.
04
80.4
Stifel Financial
New
80.0
Crosstree Capital Partners
New
80.0
Agentis Capital
03
80.0
DBO Partners
06
80.0
MTS Health Partners
New
80.0
Black Arch Partners
New
80.0
Berenson and Co
14
80.0
Tudor Pickering Holt and Co
08
80.0
Centerview Partners
New
79.7
Edgemont Capital Partners
New
79.4
Brown Gibbons Lang and Company
11
79.2
Raine Group
03
79.0
PJT Partners
10
78.9
LionTree Advisors
01
78.9
TM Capital
New
78.8
GP Bullhound
New
78.8
Arma Partners
15
78.3
Robert W. Baird & Co.
17
78.3

Only includes investment banks that received at least three submissions with hourly data (199 total firms).

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.