Best Investment Banks To Work For In 2023 (2024)

FAQs

Which is the best investment bank to work for? ›

Goldman Sachs, JP Morgan, Bank of America: They're global, prestigious, diverse, and influential. And they boast long histories, household names, high-profile clients, and acclaimed alumni too. They underwrite the biggest offerings and boast all the resources and advantages.

Those come on the heels of financial sector layoffs that took place or were announced in 2023 by JPMorgan Chase Bank, Prudential Financial, TD Bank and Charles Schwab. Some of those banks — including Citibank and Charles Schwab — are cutting their head counts by the thousands or tens of thousands.

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.

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.

In May, JPMorgan was looking at laying off 500 employees across various departments. It also laid off nearly 1,000 First Republic Bank employees after it acquired the failed bank earlier this year. The largest lender in the U.S. also cut nearly 40 investment banking jobs last month after a slump in dealmaking activity.

Just like a lot of industries, investment banking is cyclical, some firms outperform, some underperform, and most firms over hire during boom times and need to cut down when things slow down. That said, you never want to be in the position where you are the first to be on the chopping block when the macro gets tough.

Goldman Sachs scored higher in 1 area: Diversity & Inclusion. Evercore Partners scored higher in 8 areas: Overall Rating, Culture & Values, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook.

What bank position pays the most? ›

The best-paying jobs in major banks include financial analysts, accountants, and managers overseeing financial operations, marketing, and sales. Most of the highest-paying jobs major banks offer require at least a bachelor's degree and several years of experience.