Financial services professionals in the U.S. agree with their counterparts in the U.K. and Asia on at least one thing – more of them want to work for Goldman Sachs than any other organization, according to the eFinancialCareers 2016 ‘Ideal Employer’ rankings.
In fact, the top five employers – based on a survey of more than 6,500 financial services professionals in the U.K., U.S. and Asia – were the same across all regions globally. J.P. Morgan, the largest bank in the U.S., came in second place, followed by Silicon Valley behemoth Google. Midtown Manhattan-based Morgan Stanley secured the fourth position on the list, while BlackRock, the largest asset management firm in the world, rounded out the top five.
| Rank (*) | Company | |
|---|---|---|
| (*) Global Rank View the complete 2016 Ideal Employer US Top 20 |
||
| 1 (1) |
| Goldman Sachs |
| 2 (2) |
| J.P.Morgan View US Jobs |
| 3 (3) |
| |
| 4 (4) |
| Morgan Stanley |
| 5 (5) |
| BlackRock View US Jobs |
| 6 (10) |
| Bank of America Merrill Lynch View US Jobs |
| 7 (7) |
| Citi |
| 8 (14) |
| Blackstone |
| 9 (26) |
| Fidelity View US Jobs |
| 10 (11) |
| Deutsche Bank View US Jobs |
The common denominator is survey respondents’ perception that they all pay a competitive salary – 84% of the respondents who stated that Goldman Sachs were one of their ideal employers thought that salary was a strength of the firm. BlackRock also scored 84% among U.S. financial services professionals, followed closely by Google at 83%. The only firms scoring higher in that metric landed outside the top five overall: McKinsey & Co. (17th overall in the U.S.) at 89% and Credit Suisse (15th overall in the U.S.) at 86%, while asset manager Wellington Management Co. (18th overall in the U.S.) tied for fourth in that category with 83%.
Goldman led all other firms in the competitive bonus category with 85%. Hedge fund giant Bridgewater Associates and Wellington Management Co. tied for second in that metric with 83% of mentions among U.S. respondents.
Employers scoring better in the U.S. than globally
Bank of America Merrill Lynch ranks sixth overall in the U.S. compared to 10th globally, perhaps due to the strength of its domestic wealth management business. Looking across the various categories, it didn’t score off the charts in any single one, but it did get at least 60% for perceived strengths in attractive benefits, opportunities for promotion and work with key industry players.
Citibank achieved seventh overall both in the U.S. and worldwide, with challenging/interesting work (63% among U.S. respondents), opportunities for promotion (60%) and salary (65%) perceived to be its strengths.
Like BofA Merrill, the rest of the U.S. top 10 list did better in America than globally, including the Blackstone Group, the largest alternative investment firm and the top-ranked private equity firm. It ranks eighth domestically compared to 14th worldwide in the eFinancialCareers research. In addition to compensation, U.S. survey respondents cited Blackstone’s strengths as challenging/interesting work (77%), innovator (75%) and leader (73%) in the industry.
Fidelity – one of the most dramatic examples – placed ninth in the U.S. versus 26th globally, due in part to its nationwide bricks-and-mortar presence, and Deutsche Bank was 10th vs. 11th.
In addition, Apple (tied for 12th vs. 16th), Wells Fargo (11th vs. 30th), Bridgewater Associates (14th vs. 35th) and Wellington Management Co. (18th vs. 45th) all did significantly better in the U.S. compared to the global survey results.
On the other hand…
Firms that still made the U.S. top 20 but which ranked lower here than globally include UBS (tied for 12th vs. sixth), Credit Suisse (15th vs. ninth), McKinsey (17th vs. 13th) and HSBC (20th vs. eighth).
View the complete 2016 Ideal Employer Global Rankings
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