Best Investment Banking Firms: Corporate Culture (2024)

FAQs

Which investment bank has the best work culture? ›

Goldman Sachs is one of the most prestigious and influential investment banks in the world, and its culture reflects its reputation and history.

The following list contains common answers to the “Why Investment Banking?” interview question: Fast-Paced Work Environment Post-Graduation (Intense, but Worthwhile Learning Experience) Analyze Different Business Models and Develop an Understanding of Industries (and Unit Economics)

Goldman Sachs is often cited as the hardest investment bank to get into, due to its prestigious reputation, highly competitive hiring process, and rigorous standards for candidates in terms of experience, education, and skills.

Ex-Goldman Sachs helping train students/recent grads to secure jobs in banking - 90% placement rate to banks like GS, UBS and JP. These are the 10 hardest investment banks to get a job at in the world🌍👇 1. JP Morgan 2. Goldman Sachs 3.

Bank of America (BAC)

We'll start with Buffett's favorite bank, and his largest bank holding. That would be Bank of America (NYSE:BAC). Currently, Berkshire Hathaway owns more than one billion shares of BAC stock, a stake that's valued at $35 billion. Buffett has repeatedly praised Bank of America CEO Brian Moynihan.

1. Goldman Sachs is the highest paying bank overall - $398k in combined salaries and bonuses, on average. Goldman Sachs, which paid average salaries of $200k and average bonuses of $199k for 2023, was the highest paying bank we polled.

How much does a VP in investment banking make? ›

At the VP level, the base compensation is typically between $250,000 and $300,000. Regarding the variable bonus portion, on average, bonuses range from $200,000 to $400,000 at bulge bracket investment banks and elite boutiques.

In the U.S., the top investment banking companies include the Big Four Banks — JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.

Demonstrating your Interest and Knowledge of the Industry

Investment banks want to hire candidates who have a genuine interest in the industry and keep up with industry trends. Therefore, demonstrate your knowledge by reading industry publications, attending seminars, and following relevant social media accounts.

Reputation: JPMorgan Chase is a highly reputable and respected company in the financial industry. Working at such a well-established and successful organization would provide me with valuable experience and opportunities for growth.

Morgan Stanley helps people, institutions and governments raise, manage and distribute the capital they need to achieve their goals. We provide comprehensive workplace financial solutions for organizations and their employees, combining personalized advice with modern technology.

For the 5th consecutive year, Centerview Partners sits atop the list, thanks to earning the highest scores across 16 workplace quality categories. Evercore and Moelis & Company again finished 2nd and 3rd, with Lazard and Guggenheim Securities rounding out the Top 5.

Goldman Sachs & Co.

Another US institution that's a global leader in financial services, Vault ranks Goldman Sachs & Co. as the most prestigious bank to work for. Goldman works with clients ranging from individuals to governments and is a leader in investment banking, securities, and investment management services.

Bank tiers indicate an institution's financial health. For example, a Tier 1 bank can immediately absorb losses without halting banking operations. A Tier 2 bank or institution with supplementary capital has less secure and harder to liquidate assets, which is less stable during a crisis.

JP Morgan is one of the world's largest and most prestigious banking firms, so the competition for roles is fierce.