VAULT.COM UNVEILS 2011 BANKING QUALITY OF LIFE RANKINGS
HOULIHAN LOKEY DOMINATES QUALITY OF LIFE RANKINGS; GOLDMAN SACHS TAKES TOP SPOTS IN DIVERSITY
New York, NY, (September 22, 2010) Vault.com, the source of ratings, rankings and insight for the finance industry, has released its 2011 Banking Quality of Life Rankings, and employees at Houlihan Lokey have the best quality of life, according to survey respondents, while Goldman Sachs ranks highly in diversity.
Employees at banks were asked to rank their own firms in regards to quality of life and while Goldman Sachs shined when it came to diversity, Houlihan Lokey took the top spot in 9 out of 15 categories.
“Houlihan Lokey has long been known as a fantastic place to work,” said Derek Loosvelt, senior finance editor at Vault.com. “Every year, it ranks at or near the top in just about all of our quality of life categories. The bank places a huge emphasis on treating its employees well and giving them a great learning experience. It also gives its employees tons of live deal experience: it works on more middle-market M&A and restructuring deals than any other bank.”
Top Ranked Firms in each Quality of Life Category and Quotes from Banking Employees:
Overall satisfaction: Houlihan Lokey (“I've had a great experience at Houlihan Lokey and intend to stay indefinitely.”)
Firm culture: Houlihan Lokey (“Amazing culture from the CEOs to the mail room. Everyone is encouraged to make a difference and leave their legacy.”)
Hours: Houlihan Lokey (“Extremely supportive of balancing work and personal time.”)
Manager Relations: Houlihan Lokey (“Everyone has an open-door policy.”)
Formal Training: J.P. Morgan Investment Bank (“Hands down, J.P. Morgan's training program is and has been the best on the Street. It's a very comprehensive program that covers all of the key tools of an analyst/associate.”)
Informal Training: Houlihan Lokey (“Informal training is never-ending. [Bankers] learn by shadowing more senior bankers, and have all kinds of access to senior bankers for advice.”)
Office Space: Houlihan Lokey (“Very luxurious and modern.”)
Compensation: Centerview Partners (“Centerview pays extremely well—on the same level or higher than any of the bulge brackets. The hours are long, but the pay is the best on the Street.”)
Selectivity: William Blair & Company (“The firm is looking for candidates with the right pedigree and right personality to hit the ground running. Interpersonal skills are important—even analysts are expected to handle clients and work directly with partners.”)
Green initiatives: Houlihan Lokey (“The firm has recently made an effort to be more aware of its impact on the environment, and that has been reflected in various policies, including those on food, paper and other office supplies.”)
Overall business outlook: Houlihan Lokey (“We're coming off a record year with our reputation unsullied, our financial position stronger than ever, morale very high, and having completed our most aggressive hiring program ever.”)
Overall diversity: Goldman Sachs (“The firm maintains a strong commitment to diversity, and mandates that all employees participate in at least two hours of diversity-related training per year.”)
Diversity—Women: Houlihan Lokey (“We have great women at all different levels.”)
Diversity—Minorities: Goldman Sachs (“The incoming classes are very diverse [and] the highest levels of the firm are becoming increasingly diverse.)
Diversity—GLBTs: Goldman Sachs (“Various affinity networks offered.”)
“Goldman Sachs, which ranked as the Best Firm to Work For in Vault’s rankings this year as well as No. 1 in our prestige rankings, took first place in most of the diversity categories, for the second year in a row,” noted Loosvelt. “No matter what the public might think of Goldman’s business ethics, it’s obvious that the firm’s insiders believe the bank is doing the right thing when it comes to hiring and promoting women, minorities and GLBT individuals.”
The Banking Quality of Life rankings release is part of Vault’s Banking 50 Rankings rollout that began on September 9, 2010. The rankings provide a comprehensive roadmap of who's who in the banking industry and a detailed perspective on the criteria considered by candidates when evaluating banking firms.
View the Complete Banking Quality of Life Rankings.
About Vault
Vault.com is the source of employer and university rankings, ratings and insight for highly credentialed, in-demand candidates. Vault.com is organized by profession, industry, company and schools. Vault profiles, rankings and assessment tools deliver the insider perspective and career research candidates need to successfully match themselves to the best available job, employer and career opportunity. The Vault.com website features profiles on more than 4,500 employers, 4,000 universities and hundreds of industries and professions including the law, finance, accounting and consulting sectors. Founded in 1996, Vault.com is the only career resource of its kind and attracts more than 1000 employer and recruiter advertisers, more than 1200 school and institutional subscribers and millions of individual visitors and members.
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