#United States #Goldman Sachs #New York #investment banking #Centerview Partners

Vault Unveils 2025 Investment Banking Rankings

Vault, a leading source of data-driven rankings and employee reviews, has published its much-anticipated 2025 rankings of the best investment banking firms to work for. The report showcases over 25 categories, including the most prestigious institutions and those that excel in diversity, work/life balance, and employee satisfaction.

Key Insights from the Survey

In total, the rankings were derived from a survey conducted in Fall 2024 that included responses from approximately 2,800 banking professionals. The survey asked participants to rate their firms across various factors such as compensation, culture, training, and hours worked. From the results, a few noteworthy trends emerged:

1. Centerview Partners Leads the Pack
Centerview Partners has claimed the title of the number one investment bank to work for. Not only did it hold this position last year, but it has also been recognized for advising on major transactions, including Capital One’s $35.3 billion acquisition of Discover, marking it as one of the largest deals in recent times. This firm stands out not only in terms of overall rankings but also secured the second position among the list of most prestigious investment banks, just behind Goldman Sachs.

2. Firm Culture Matters Most
A recurring theme from the survey is that culture remains a priority for bankers. Many respondents indicated that they chose their firm based on its culture, emphasizing how the lengthy hours spent at work necessitate a supportive environment. Other important factors included compensation and the nature of work.

3. The Reality of Long Hours
While the pay is often high and many enjoy their colleagues and career advancement opportunities, the long and unpredictable work hours remain a crucial downside. Many bankers indicated that these hours can adversely affect work/life balance, leading to discussions around potential reforms in working conditions within the industry.

4. Internship Programs as a Launchpad
The survey indicated that internships are vital for attracting young talent into the banking sector. Among junior bankers, a significant 70% had previously experienced a summer internship with their firm. This early exposure plays a crucial role in their career path by providing real-world experience and opportunities to engage with senior bank personnel.

Top Rankings of 2025

Most Prestigious Investment Banks

1. Goldman Sachs
2. Centerview Partners
3. J.P. Morgan
4. Evercore
5. Morgan Stanley
6. PJT Partners
7. Lazard
8. Moelis & Company
9. Qatalyst Partners
10. Perella Weinberg

Best Investment Banks to Work For

1. Centerview Partners
2. Evercore
3. Moelis & Company
4. PJT Partners
5. Perella Weinberg
6. Lazard
7. Morgan Stanley
8. Guggenheim Securities
9. Greenhill & Co., LLC
10. Harris Williams

This ranking not only provides insights for future employees seeking paths in finance but also shines light on how investment banks can enhance their workplace culture and practices. By fostering an environment where employees value both work and personal life, banks will be better positioned to attract and retain top talent in an increasingly competitive industry.

Conclusion

As the investment banking landscape continues to evolve, understanding employee sentiment and expectations will be crucial for firms aiming to attract the best and the brightest in the financial world. The 2025 Vault rankings serve as both a tool for aspiring bankers and a challenge for firms to meet the growing demands of their workforce.