The Vault Banking 50 has released the list of best banks to work for which are all situated in the Wall Street with J.P. Morgan on the top of the list.
J.P. Morgan is named the King of Wall Street and the world’s leading financial services firm with global scale and reach. The American multinational banking corporation of securities, investments and retail is also considered the world's largest public company by Forbes thanks to assets of $2 trillion. The company is said “run by the best CEO in the business”, has “very open, casual, and welcoming” culture and best junior employees.
Goldman Sachs, who was ranked number 1 last year, lost the place to JPMorgan this year. The company still keeps number 1 position in prestige—by a long shot. The constant bad press, negative public perception and bad relationship between employees and managers have seriously affected the company’s reputation.
From the dismal 22nd place last year, Morgan Stanley made a huge move to the third position of the Vault rankings this year. Morgan Stanley’s good points are ability to stay out of trouble and growth in the brokerage business.
Credit Suisse is situated in the best location of Wall Street – just across from Madison Square Park while other firms stay in the midtown or the financial district. Credit Suisse is famous for the “formal training” category.
The company is favored for different categories including hours, culture, informal trading, job satisfaction, transparency, compensation and relationships with managers. Unluckily, the company is not considered a pretty prestigious place to work in.
Greenhill & Co.
Greenhill & Co has reputation for job satisfaction, and relationships between managers and junior employees. Reportedly, the company runs on the most selective and picky recruitment.
Greenhill & Co.
The investment bank Evercore Partners is considered an up-and-comer of Wall Streets. The company was established in 1996 by Blackstone Group alumnus Austin Beutner and Clinton Administration alumnus Roger Altman.
Best Companies to Work: JP Morgan