Investment banking

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Investment banking

  1. 1. Employer of choice graduate survey 2008 Benchmark Report Investment banking & investment Research sponsored by How do you compare with leading employers in your sector?
  2. 2. 2 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008 Contents 2 Methodology and marketing 3 Introduction 3 Executive summary 4 Demographics by: 4 Gender 4 Ethnic group 4 University attended 5 Subject studied 5 Graduation year 6 Job seeking and attitudes towards organisations in sector 6 View of current market conditions 6 How much have you looked into a career after university 6 Other industries interested in 7 Organisations heard of 8 Organisations heard of and applied to 9 Organisations chosen – first choice, one of several, would not consider 12 Organisations heard of and rated excellent for work experience 13 Organisations with the highest profile on campus 14 Very important factors in deciding on employers 15 TARGETjobs National Graduate Recruitment Awards 2008 15 Ranking and points for the award 16 Compare organisation ranking in 2008 vs 2007 17 About GTI and TARGETjobs Methodology and marketing The TARGETjobs Employer of choice graduate survey 2008 consists of 16 sector-based Benchmark Reports using data gathered through the TARGETjobs National Graduate Recruitment Awards survey, which collected over 33,700 votes − a 16 per cent increase on 2007. The survey was hosted on targetjobs.co.uk from early December 2007 to March 2008 – a critical period for undergraduates thinking about their choice of employer. In addition to providing the winners for the TARGETjobs National Graduate Recruitment Awards, the survey gathers a large amount of valuable data on students and recent graduates who want to work in 16 different industry sectors. This year, there were additional questions relating to their confidence in the graduate recruitment market and the strength of employer brands on campus. For the purposes of the TARGETjobs National Graduate Recruitment Awards, data from respondents interested in this sector contributed to the banking and investment award. The voting campaign was heavily promoted through nearly three-quarters of a million copies of TARGETjobs titles and TARGETjobs magazine and through our own database of over a quarter of a million registered users of targetjobs.co.uk. An extensive promotional campaign was carried out on campus by our established contacts in academic departments and careers services, and by our network of over 100 campus representatives. We would also like to thank professional bodies who promoted the survey to their student members in specific sectors. The sample was supplemented with survey responses from members of The Student Panel, provided by Opinionpanel Research, the independent market research company that owns and operates The Student Panel and The Graduate Panel. Employer of choice graduate survey 2008
  3. 3. © GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 3 Introduction The TARGETjobs Employer of choice graduate survey 2008 gives you a unique insight into how your employer brand is perceived by undergraduates and recent graduates from more than a hundred universities across the UK and how it ranks among employers in your sector. This Benchmark Report focuses on students and graduates who wish to work in the investment banking and investment sector. It uses data gathered from 1,928 students and graduates who stated that the investment banking and investment sector was one of the areas that they were interested in working in. The report looks at the demographics of those wishing to work in investment banking and investment, their job- seeking behaviour and their attitudes towards employers operating in this sector. It also shows the ranking of the top organisations for the TARGETjobs National Graduate Recruitment Awards for the sector. Executive summary Those wishing to work in investment banking and investment: • Are more likely to be male than female • Are ethnically diverse, with particularly strong interest shown by respondents from a Chinese or Asian ethnic background • Will naturally also be interested in careers in other areas of finance (for example, accountancy or financial services) and may be considering consulting as another possible option • Attach great importance to salary and benefits when choosing an employer • Place less importance on work/life balance than those interested in other sectors – although this is an increasingly important consideration for many. Investment banking & investment Benchmark Report
  4. 4. 4 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008 Demographics Gender (All) Gender (Investment banking and investment) Ethnic group The gender split of those interested working in investment banking and investment is pronounced, with male respondents significantly more likely to want to start a career in this sector than female respondents. Those wishing to work in the investment banking and investment sector are much more likely to come from a non- white ethnic group, especially Chinese or Asian, than the overall sample. University attended Rank University 1 University of Manchester 2 University of Warwick 3 Imperial College London 4 Oxford University 5 University of Bath 6 Durham University 7 University of Nottingham 8 University of Birmingham 9 Newcastle University 10 Loughborough University 11 University of Cambridge 12 London School of Economics 13 University of Southampton 14 Lancaster University 15 University of Bristol 16 University College London 17 University of Reading 18 University of Sheffield 19 University of Leicester 20 University of Edinburgh The universities listed above are those that have the largest number of respondents wishing to pursue a career in the investment banking and investment sector. Compared to other sectors, however, some of these universities have students who are more than averagely interested in working in investment banking and investment. Students from Manchester, Warwick, Imperial, Oxford and Bath are most likely to be interested in this sector. Male (43%) Female (57%) Male (56%) Female (44%) All Investment banking and investment 0% 10% 20% 30% 40% 50% 60% 70% 80% 75.3% 0.6% 0.7% 3.5% 2.1% 0.4% 0.3% 8.9% 4.9% 1.9% 1.6% 0.5% 0.5% 6.2% 15.1% 5.3% 6.8% 3.1% 3.7% 58.8% W hite Black – Caribbean Black – African Black – other Asian – Indian Asian – Pakistani Asian – Bangladeshi Chinese O ther I‘d prefer notto answ er Employer of choice graduate survey 2008
  5. 5. © GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 5 Demographics Subject studied Those wishing to work in investment banking and investment are most likely to study business and administrative studies; economics and politics; or mathematical sciences. Graduation year Students in the final year of their degree are marginally more likely to be interested in this sector. Worryingly for a sector where early experience and applications are crucial, students in the first stages of their degree (ie those graduating in 2009 or later) are now slightly less likely than average to be interested in investment banking and investment. All Investment banking and investment 0% 5% 10% 15% 20% 25% Agriculture,veterinary sciences& related subjects Architecture,building & planning Biologicalsciences Com puterscience Creative arts& design Econom ics& politics Education Engineering & technology English G eography & environm entalsciences Historical& philosophicalstudies Languages Law M asscom m unications& docum entationM athem aticalsciences M edicine,dentistry & related subjectsPsychology Physicalsciences Socialstudies O ther 0.6% 0.3% 1.3% 0.8% 6.8% 3.6% Businessand adm inistrative studies 10.5% 21.5% 4.6% 4.8% 2.0% 0.3% 4.8% 15.2% 1.5% 0.3% 8.6% 7.7% 4.9% 1.0% 4.2% 1.9% 6.9% 3.5% 4.3% 1.5% 6.7% 8.9% 0.8% 0.1% 5.3% 13.7% 6.4% 3.0% 4.1% 0.8% 5.1% 4.2% 4.1% 6.7% 4.9% 2.3% All Investment banking and investment 0% 10% 20% 30% 40% 50% 2005 or before 2006 2007 2008 1.9% 1.6% 2.2% 1.8% 10.0% 8.8% 44.9% 47.3% 2009 orafter 41.1% 40.6% Investment banking & investment Benchmark Report
  6. 6. 6 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008 Job seeking and attitudes towards organisations in the investment banking and investment sector Employer of choice graduate survey 2008 Respondents’ views of the current market conditions For the first time in the history of this survey, we asked students about their confidence in the market. Respondents were asked to rate their view of current market conditions as ‘healthy’, ‘reasonable’ or ‘tough’. 59 per cent of those surveyed responded to this question and the views of those interested in investment banking and investment broadly mirrored the overall sample. Respondents have mixed views about current market conditions – over a third feel that conditions are tough, while 45 per cent feel that conditions are reasonable. Only 20 per cent feel that current market conditions are healthy – although those interested in investment banking and investment are somewhat more likely than average to think that market conditions are healthy, and less likely to think that conditions are tough. How much have you looked into a career after university? All Investment banking and investment 0% 10% 20% 30% 40% 50% Healthy Reasonable Tough 18% 20% 45% 45% 37% 35% Those who wish to work in investment banking and investment are likely to be at a later stage of the job-hunting process than the overall sample. They are motivated applicants who are significantly more likely to have started applying for jobs or to have actually secured a job than those interested in other areas. The high percentage of respondents who have already secured a job also indicates that graduate hiring in this sector has remained strong despite worries about the economic climate. Other industries that those wanting to work in investment banking and investment are interested in Industry % interested Accountancy and professional services 44% Insurance, retail banking and financial services 35% Consulting 25% Scientific research and development 13% Advertising, promotion and marketing 12% Public sector 12% Law – solicitors 11% IT and information management 10% Engineering, design and manufacturing 8% Law – barristers 6% Media, publishing or printing 6% Property 5% Hospitality, leisure and tourism 3% Retail 3% Construction and civil engineering 2% Students wishing to work in investment banking and investment are also, quite naturally, interested in a wide range of other career sectors – particularly other areas of finance, such as accountancy and professional services, and insurance, retail banking and financial services. A quarter of respondents interested in banking and investment are also drawn to the consulting sector. All Investment banking and investment 0% 5% 10% 15% 20% 25% 30% 35% 40% Notstarted lookingDone a little researchDone a lotofresearch Started applying Done a lotofresearch and attended event 13.6% 9.4% 37.6% 30.1% 11.9% 9.1% 7.5% 11.5% 14.3% 18.9% Secured a job 15.2% 21.1%
  7. 7. © GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 7 Investment banking & investment Benchmark Report Job seeking and attitudes towards organisations in the investment banking and investment sector Organisations heard of % heard of Number Organisation 55% 1,051 Bank of England 45% 861 Barclays Capital 42% 813 Bank of America 41% 783 Bloomberg 40% 779 HSBC Investment Bank 40% 771 The Royal Bank of Scotland 38% 732 Deutsche Bank 38% 732 AXA Investment Managers 37% 716 JPMorgan 37% 705 Morgan Stanley 36% 700 ABN AMRO 35% 672 Citi 35% 668 Barclays Global Investors 34% 653 Goldman Sachs 33% 639 Alliance Trust 32% 623 Credit Suisse 32% 613 Merrill Lynch 30% 574 Barclays Wealth 29% 558 BNP Paribas 27% 523 UBS 25% 482 Lehman Brothers 24% 472 Standard Life Investments 22% 429 BlackRock 22% 417 Scottish Widows Investment Partnership 21% 408 Rothschild 20% 384 Bear Stearns International Ltd 20% 378 Teach First 19% 361 Dresdner Kleinwort % heard of Number Organisation 19% 358 Standard Chartered Bank 18% 356 Fidelity International 17% 334 Baillie Gifford 17% 334 Schroders 17% 333 Fortis 16% 312 Mercer Investment Consulting 15% 298 CIBC World Markets 15% 296 RBC Capital Markets 14% 271 ICAP 14% 261 Lazard 13% 247 Fitch Ratings 12% 239 Macquarie Bank 12% 225 Nomura 12% 223 DE Shaw & Co 11% 218 KBC Financial Products 11% 217 M&G Investments 11% 214 Greenhill 10% 198 Henderson Global Investors 9% 180 WestLB AG 9% 168 Threadneedle Investment 9% 167 Insight Investment 8% 163 Liquid Capital 7% 142 Morley Fund Management 7% 140 Fox-Pitt, Kelton 7% 139 GAM 7% 137 Martin Currie 6% 122 Marshall Wace The organisation with the highest awareness rating among those wishing to work in this area is the Bank of England – 55 per cent of those wishing to work in investment banking and investment (a total of 1,051 respondents) have heard of the organisation.
  8. 8. Employer of choice graduate survey 2008 8 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008 Organisations heard of and applied to % applied to Number Organisation 11% 203 Goldman Sachs 10% 202 Barclays Capital 10% 188 Deutsche Bank 10% 185 JPMorgan 9% 179 Credit Suisse 9% 177 Citi 9% 170 Morgan Stanley 8% 162 Merrill Lynch 7% 139 UBS 7% 132 HSBC Investment Bank 7% 129 Lehman Brothers 6% 114 ABN AMRO 6% 113 Bank of America 6% 112 The Royal Bank of Scotland 5% 93 BNP Paribas 4% 84 Dresdner Kleinwort 4% 82 Bear Stearns International Ltd 3% 59 Barclays Global Investors 3% 56 Nomura 3% 55 Rothschild 3% 50 Bank of England 2% 45 Barclays Wealth 2% 44 BlackRock 2% 44 Bloomberg 2% 44 Lazard 2% 44 WestLB AG 2% 41 Macquarie Bank 2% 38 RBC Capital Markets % applied to Number Organisation 2% 37 Fidelity International 2% 36 KBC Financial Products 2% 36 Schroders 2% 34 Baillie Gifford 2% 32 AXA Investment Managers 1% 25 ICAP 1% 25 M&G Investments 1% 25 Standard Chartered Bank 1% 24 CIBC World Markets 1% 21 Alliance Trust 1% 21 Fortis 1% 20 DE Shaw & Co 1% 20 Greenhill 1% 19 Mercer Investment Consulting 1% 19 Morley Fund Management 1% 18 Teach First 1% 18 GAM 1% 17 Martin Currie 1% 16 Standard Life Investments 1% 15 Marshall Wace 1% 15 Fitch Ratings 1% 14 Fox-Pitt, Kelton 1% 14 Threadneedle Investment 1% 13 Scottish Widows Investment Partnership 1% 13 Insight Investment 1% 10 Henderson Global Investors <1% 9 Liquid Capital Although the Bank of England is the organisation with the highest levels of awareness, the highest percentage of respondents have heard of and applied to Goldman Sachs, Barclays Capital, Deutsche Bank and JPMorgan. Job seeking and attitudes towards organisations in the investment banking and investment sector
  9. 9. © GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 9 Investment banking & investment Benchmark Report Job seeking and attitudes towards organisations in the investment banking and investment sector Organisations that would be one of respondents’ first choices % one of my first choices Number Organisation 14% 267 Goldman Sachs 12% 236 JPMorgan 11% 220 Morgan Stanley 9% 183 Merrill Lynch 9% 180 Deutsche Bank 9% 171 HSBC Investment Bank 9% 169 Citi 9% 167 Barclays Capital 7% 142 UBS 7% 139 Credit Suisse 7% 128 Lehman Brothers 6% 122 Bank of England 6% 119 ABN AMRO 6% 111 The Royal Bank of Scotland 5% 104 Bank of America 4% 85 Barclays Global Investors 3% 66 Bloomberg 3% 60 Barclays Wealth 3% 56 BNP Paribas 2% 47 Standard Chartered Bank 2% 46 Dresdner Kleinwort 2% 41 Bear Stearns International Ltd 2% 41 Rothschild 2% 37 AXA Investment Managers 2% 36 Alliance Trust 2% 34 BlackRock 2% 32 Nomura 1% 28 Teach First 1% 27 Fidelity International 1% 26 Baillie Gifford % one of my first choices Number Organisation 1% 25 Greenhill 1% 23 Lazard 1% 23 RBC Capital Markets 1% 23 Schroders 1% 22 Standard Life Investments 1% 21 ICAP 1% 20 Macquarie Bank 1% 19 Fortis 1% 18 Scottish Widows Investment Partnership 1% 18 Morley Fund Management 1% 17 Martin Currie 1% 17 M&G Investments 1% 17 CIBC World Markets 1% 16 DE Shaw & Co 1% 16 Mercer Investment Consulting 1% 16 WestLB AG 1% 15 Henderson Global Investors 1% 15 KBC Financial Products 1% 12 Fitch Ratings 1% 12 Threadneedle Investment <1% 11 Fox-Pitt, Kelton <1% 10 Insight Investment <1% 9 Liquid Capital <1% 8 Marshall Wace <1% 8 GAM Goldman Sachs is the organisation that students in this area most want to work for – 14 per cent state that it would be a first choice employer. This is closely followed by JPMorgan and Morgan Stanley.
  10. 10. Employer of choice graduate survey 2008 10 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008 % one of several choices Number Organisation 13% 241 Barclays Capital 11% 207 JPMorgan 10% 200 HSBC Investment Bank 10% 197 Morgan Stanley 10% 196 Deutsche Bank 10% 189 Citi 10% 188 Bank of England 10% 184 The Royal Bank of Scotland 9% 183 Credit Suisse 9% 170 Bank of America 8% 161 Merrill Lynch 8% 153 Barclays Global Investors 8% 153 ABN AMRO 8% 152 Goldman Sachs 8% 149 UBS 7% 131 Bloomberg 7% 130 Lehman Brothers 6% 123 Barclays Wealth 6% 113 BNP Paribas 5% 101 AXA Investment Managers 5% 89 Dresdner Kleinwort 5% 87 Bear Stearns International Ltd 4% 84 Alliance Trust 4% 77 Rothschild 4% 71 BlackRock 3% 62 RBC Capital Markets 3% 61 Fidelity International 3% 57 Schroders 3% 55 Standard Life Investments % one of several choices Number Organisation 3% 54 Lazard 3% 51 CIBC World Markets 3% 51 Standard Chartered Bank 2% 48 Baillie Gifford 2% 47 Mercer Investment Consulting 2% 47 Nomura 2% 46 Scottish Widows Investment Partnership 2% 40 Teach First 2% 40 WestLB AG 2% 40 Macquarie Bank 2% 40 ICAP 2% 37 KBC Financial Products 2% 35 Fortis 2% 33 M&G Investments 1% 28 Fitch Ratings 1% 26 DE Shaw & Co 1% 24 Greenhill 1% 23 Henderson Global Investors 1% 23 Insight Investment 1% 23 Threadneedle Investment 1% 18 Liquid Capital 1% 17 GAM 1% 16 Martin Currie 1% 15 Morley Fund Management 1% 14 Marshall Wace 1% 14 Fox-Pitt, Kelton The ranking of organisations that would be ‘one of several’ that respondents would consider working for broadly reflects the list of organisations that respondents have heard of. Job seeking and attitudes towards organisations in the investment banking and investment sector Organisations that would be one of several considered by respondents
  11. 11. © GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 11 Investment banking & investment Benchmark Report Job seeking and attitudes towards organisations in the investment banking and investment sector Organisations that respondents would not consider working for % would not consider Number Organisation 7% 143 Bank of England 6% 118 AXA Investment Managers 6% 118 Bloomberg 6% 113 Bank of America 6% 108 Teach First 5% 103 The Royal Bank of Scotland 5% 97 Alliance Trust 5% 92 Barclays Capital 5% 91 Standard Life Investments 4% 86 Deutsche Bank 4% 84 BNP Paribas 4% 78 Scottish Widows Investment Partnership 4% 77 ABN AMRO 4% 76 HSBC Investment Bank 4% 72 Citi 4% 71 Credit Suisse 4% 71 Barclays Global Investors 4% 60 Rothschild 3% 58 Merrill Lynch 3% 57 Barclays Wealth 3% 56 BlackRock 3% 54 Standard Chartered Bank 3% 53 Schroders 3% 51 Goldman Sachs 3% 51 Fortis 3% 50 UBS 3% 49 JPMorgan 3% 49 Fidelity International % would not consider Number Organisation 2% 48 Morgan Stanley 2% 47 Baillie Gifford 2% 44 Dresdner Kleinwort 2% 44 Fitch Ratings 2% 43 Bear Stearns International Ltd 2% 42 CIBC World Markets 2% 39 ICAP 2% 39 Mercer Investment Consulting 2% 39 RBC Capital Markets 2% 38 Lazard 2% 36 Lehman Brothers 2% 35 Greenhill 2% 33 DE Shaw & Co 2% 33 Macquarie Bank 2% 30 KBC Financial Products 2% 29 M&G Investments 1% 28 Nomura 1% 27 Morley Fund Management 1% 26 WestLB AG 1% 25 Threadneedle Investment 1% 23 Henderson Global Investors 1% 22 Fox-Pitt, Kelton 1% 20 Liquid Capital 1% 19 GAM 1% 18 Martin Currie 1% 17 Marshall Wace 1% 15 Insight Investment Seven per cent of respondents would not consider working for the Bank of England. However, the overall percentage of students who would not consider jobs with certain organisations has fallen from last year, indicating that students are increasingly keen to keep their options open.
  12. 12. Employer of choice graduate survey 2008 12 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008 % heard of and rated excellent Number Organisation 18% 354 Goldman Sachs 14% 268 JPMorgan 10% 194 Morgan Stanley 9% 178 Deutsche Bank 8% 160 Barclays Capital 8% 149 Merrill Lynch 7% 127 HSBC Investment Bank 6% 120 Citi 6% 116 Bank of England 6% 110 The Royal Bank of Scotland 5% 99 UBS 5% 94 ABN AMRO 5% 90 Credit Suisse 4% 84 Lehman Brothers 3% 67 Bank of America 2% 41 Barclays Global Investors 2% 36 Bloomberg 2% 33 Alliance Trust 2% 29 BNP Paribas 2% 29 Teach First 1% 25 AXA Investment Managers 1% 22 Barclays Wealth 1% 17 BlackRock 1% 15 Baillie Gifford 1% 15 Dresdner Kleinwort 1% 14 Fidelity International 1% 13 Bear Stearns International Ltd 1% 12 CIBC World Markets % heard of and rated excellent Number Organisation 1% 12 Standard Chartered Bank 1% 12 Rothschild 1% 11 Standard Life Investments 1% 11 Lazard 1% 10 ICAP <1% 6 DE Shaw & Co <1% 6 KBC Financial Products <1% 6 Scottish Widows Investment Partnership <1% 4 RBC Capital Markets <1% 4 Schroders <1% 4 Nomura <1% 4 Martin Currie <1% 4 Fortis <1% 4 Greenhill <1% 3 Mercer Investment Consulting <1% 3 M&G Investments <1% 3 Fitch Ratings <1% 2 Fox-Pitt, Kelton <1% 2 Morley Fund Management <1% 1 WestLB AG <1% 1 Threadneedle Investment <1% 1 GAM <1% 1 Henderson Global Investors <1% 1 Insight Investment <1% 1 Macquarie Bank Goldman Sachs is seen by nearly 18 per cent of respondents as having an excellent reputation for providing quality work experience and internships, just ahead of JPMorgan. Job seeking and attitudes towards organisations in the investment banking and investment sector Organisations that respondents have heard of and rate excellent for work experience and internships
  13. 13. © GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 13 Investment banking & investment Benchmark Report Job seeking and attitudes towards organisations in the investment banking and investment sector Organisations with the highest profile on campus Regardless of which organisations students most wanted to work for, we also asked them to tell us which employers in the investment banking and investment sector have the highest profile on campus. This provides a simple measure of the visibility of employer brands on campus. % highest profile Number Organisation 14% 263 Goldman Sachs 11% 206 JPMorgan 8% 154 Barclays Capital 7% 140 Morgan Stanley 7% 132 Deutsche Bank 7% 128 Merrill Lynch 6% 106 The Royal Bank of Scotland 5% 104 UBS 5% 101 HSBC Investment Bank 5% 89 Citi 5% 87 Bank of England 2% 48 Credit Suisse 2% 46 ABN AMRO 2% 39 Lehman Brothers 2% 36 Teach First 2% 33 Bank of America 2% 33 Bloomberg 1% 22 Barclays Global Investors 1% 21 Alliance Trust 1% 20 AXA Investment Managers 1% 18 Barclays Wealth 1% 16 BNP Paribas 1% 14 Baillie Gifford <1% 10 BlackRock <1% 7 Dresdner Kleinwort <1% 7 Standard Life Investments % highest profile Number Organisation <1% 6 Schroders <1% 5 Fidelity International <1% 5 Rothschild <1% 4 ICAP <1% 4 Standard Chartered Bank <1% 3 CIBC World Markets <1% 2 Fitch Ratings <1% 2 Bear Stearns International Ltd <1% 2 KBC Financial Products <1% 2 Lazard <1% 2 DE Shaw & Co <1% 2 Greenhill <1% 2 Nomura <1% 2 Mercer Investment Consulting <1% 2 Scottish Widows Investment Partnership <1% 2 WestLB AG <1% 1 M&G Investments <1% 1 Henderson Global Investors <1% 1 Insight Investment <1% 1 Fortis <1% 1 Fox-Pitt, Kelton <1% 1 GAM Goldman Sachs is also the organisation that is perceived by the most students as having the highest profile on campus – this is closely followed by JPMorgan.
  14. 14. Employer of choice graduate survey 2008 14 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008 Respondents were asked to rate the importance of different factors in terms of how the factors would affect their decision of whether or not they would like to work for a particular organisation. Respondents were asked to rank each factor on a scale of ‘very important’ to ‘very unimportant’. The table above shows the percentage of respondents who named factors as ‘very important’ when deciding which organisation to work for. Salary and benefits are the most important consideration for those wishing to start careers in investment banking and investment. They also place more importance on the reputation of an organisation and its training and development opportunities than those interested in other sectors. They attach less importance to work/life balance and environmental policies than the overall sample. All Investment banking and investment 0% 10% 20% 30% 40% 50% 26.2% 22.0% 26.3% 32.3% 24.7% 23.2% 21.7% 25.6% 18.5% 15.3% 12.2% 8.2% 11.1% 7.4% 6.6% 30.2% W ork/life balance Training and developm ent opportunities Salary and otherbenefits Location Reputation and organisation O rganisationalculture People m etduring recruitm entprocess The organisation’s environm entalpolicies Job seeking and attitudes towards organisations in the investment banking and investment sector Very important factors in deciding whether you would like to work for an employer
  15. 15. © GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 15 Investment banking & investment Benchmark Report TARGETjobs National Graduate Recruitment Awards 2008 – Banking and investment The fourth TARGETjobs National Graduate Recruitment Awards, celebrating excellence in graduate marketing and recruitment, was held at the London Hilton on Park Lane on Thursday 15 May 2008 and was the largest ever, with more student votes, more sponsors and more people attending on the night. There were 16 awards, including new awards recognising innovation on campus and diversity. Of the 16 awards, eight were sector awards voted for by students, six were nominated by recruiters or their agencies, one was voted for by careers services and the final, special award honoured the graduate employer of the year. We welcomed new media partners this year in the Guardian who promoted the TARGETjobs Awards in the months leading up to the big night and published a major feature about the event shortly afterwards. For a complete list of award winners and for more information about the event please visit www.targetjobsawards.co.uk Ranking and points for the investment banking and investment sector Rank Organisation Points 1 Goldman Sachs 4,612 2 JPMorgan 4,502 3 Barclays Capital 4,320 4 Morgan Stanley 4,230 5 Deutsche Bank 4,024 6 Citi 3,782 7 Merrill Lynch 3,654 8 HSBC Investment Bank 3,580 9 Credit Suisse 3,526 10 UBS 3,062 11 The Royal Bank of Scotland 2,842 12 Lehman Brothers 2,784 13 ABN AMRO 2,748 14 Bank of America 2,672 15 Bank of England 2,512 16 Barclays Global Investors 2,032 17 BNP Paribas 1,876 18 Bloomberg 1,708 19 Barclays Wealth 1,588 20 Dresdner Kleinwort 1,560 21 Bear Stearns International Ltd 1,526 22 Rothschild 1,242 23 AXA Investment Managers 1,194 24 BlackRock 1,096 25 Nomura 994 26 Alliance Trust 982 27 Fidelity International 890 28 RBC Capital Markets 884 Rank Organisation Points 29 Standard Chartered Bank 880 30 Lazard 850 31 Schroders 826 32 Baillie Gifford 788 33 Macquarie Bank 748 34 WestLB AG 724 35 KBC Financial Products 680 36 Standard Life Investments 644 37 CIBC World Markets 642 38 ICAP 616 39 Mercer Investment Consulting 608 40 Fortis 590 41 M&G Investments 554 42 Scottish Widows Investment Partnership 544 43 Greenhill 510 44 Teach First 478 45 DE Shaw & Co 460 46 Martin Currie 396 47 Morley Fund Management 392 48 Fitch Ratings 386 49 Henderson Global Investors 376 50 Threadneedle Investment 364 51 Insight Investment 358 52 GAM 332 53 Marshall Wace 298 54 Fox-Pitt, Kelton 292 55 Liquid Capital 274 The online questionnaire used to gather information for the TARGETjobs National Graduate Recruitment Awards included questions asking respondents which organisations they had heard of within certain sectors. Respondents who stated they had heard of an organisation were then asked to what extent they would like to work for that organisation. They were able to grade their responses from ‘It would be one of my first choices’ to ‘I would not consider working for them’. A point scoring system was then used in order to rank the organisations – for example 8 points were awarded to an organisation if a respondent stated that it would be one of their first choices and 2 points were deducted if a respondent stated that they would not consider working for that organisation. Organisations were then ranked according to the number of points achieved.
  16. 16. Employer of choice graduate survey 2008 16 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008 TARGETjobs National Graduate Recruitment Awards 2008 – Banking and investment This list looks at the relative positions of firms featured in this report according to their final positions in the TARGETjobs National Graduate Recruitment Awards 2007 and 2008. Please note that comparability relies on organisations being listed in both 2007 and 2008 and therefore we include only those organisations appearing in both years’ surveys. Organisation Rank 2007 Rank 2008 Change Baillie Gifford 41 32 +9 Alliance Trust 30 26 +4 Barclays Capital 7 3 +4 Nomura 27 25 +2 ABN AMRO 14 13 +1 JPMorgan 3 2 +1 KBC Financial Products 36 35 +1 Merrill Lynch 8 7 +1 The Royal Bank of Scotland 12 11 +1 Bank of England 15 15 0 Credit Suisse 9 9 0 Goldman Sachs 1 1 0 UBS 10 10 0 Bank of America 13 14 -1 BNP Paribas 16 17 -1 Citi 5 6 -1 Deutsche Bank 4 5 -1 Lehman Brothers 11 12 -1 AXA Investment Managers 21 23 -2 Bear Stearns International Ltd19 21 -2 Fidelity International 25 27 -2 HSBC Investment Bank 6 8 -2 Morgan Stanley 2 4 -2 Teach First 42 44 -2 Dresdner Kleinwort 17 20 -3 Organisation Rank 2007 Rank 2008 Change CIBC World Markets 33 37 -4 M&G Investments 37 41 -4 Rothschild 18 22 -4 Threadneedle Investment 46 50 -4 RBC Capital Markets 23 28 -5 Standard Life Investments 31 36 -5 DE Shaw & Co 39 45 -6 Fox-Pitt, Kelton 48 54 -6 ICAP 32 38 -6 Insight Investment 45 51 -6 WestLB AG 28 34 -6 Morley Fund Management 40 47 -7 Macquarie Bank 24 33 -9 Lazard 20 30 -10 Liquid Capital 44 55 -11 Mercer Investment Consulting 26 39 -13 Scottish Widows 29 42 -13 Investment Partnership Compare your position in 2008 with 2007 using the table above. For example, you can see that Baillie Gifford has improved its ranking the most by gaining 9 places from position 41 in 2007 to position 32 this year.
  17. 17. © GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 17 Investment banking & investment Benchmark Report Group GTI Group GTI is Europe’s leading specialist graduate careers publisher and a leading player in the Far East. We have offices in the UK, France, Germany, Ireland, Malaysia, Singapore and China, producing over 100 innovative careers products a year. In the UK we publish under the TARGETjobs brand, which includes the targetjobs.co.uk graduate jobsite with complementary sector-specific annual titles, termly magazines and annual directories. Group GTI also works with 28 universities and business schools to provide their Careers Service Guides and produces the gradireland portfolio in partnership with Graduate Careers Ireland (GCI). For those students considering further study we have targetcourses.co.uk and postgraduate fairs in the Midlands and Scotland. We run a series of focused and unique recruitment events under our established TARGETchances brand and, of course, the TARGETjobs National Graduate Recruitment Awards. For more information visit www.groupgti.com. TARGETjobs – the leading careers brand in the UK TARGETjobs City & Finance One of 13 TARGETjobs titles in the UK’s most comprehensive sector series of in- depth careers publications and websites at targetjobs.co.uk providing the ultimate read for students considering a career in finance. targetjobs.co.uk Launched in autumn 2007, targetjobs.co.uk is the UK’s fastest growing graduate jobsite with more immediate jobs and more employer profiles than any other graduate site. Benefiting hugely from the strength of the TARGETjobs brand, targetjobs.co.uk also enjoys a unique and exclusive relationship with UCAS Media and is the official careers content provider for yougofurther. TARGETjobs National Graduate Recruitment Awards 2009 The fifth TARGETjobs National Graduate Recruitment Awards will take place in May 2009 at the London Hilton on Park Lane. Book a table now or nominate your organisation for an award. In addition there are unique sponsorship opportunities available. Contact Simon Rogers at GTI on +44 (0)20 7785 6977 for more information or visit www.targetjobsawards.co.uk
  18. 18. Sponsors Special award supported by Research partner Charity Founder sponsor Media partner For further information about the TARGETjobs National Graduate Recruitment Awards please contact Simon Rogers at GTI Specialist Publishers on +44 (0)20 7785 6977 or e-mail: simon.rogers@targetjobs.co.uk TARGETjobs, GTI Specialist Publishers The Barns, Preston Crowmarsh Wallingford OX10 6SL, UK Tel +44 (0)1491 826262 Fax +44 (0)1491 826401 CHINA • FRANCE • GERMANY • IRELAND • MALAYSIA • UK TARGETjobs Employer of choice graduate survey 2008 is made up of 16 sector reports: Accountancy Advertising & marketing Construction & civil engineering Consulting Engineering, design & manufacturing Hospitality, leisure & tourism Insurance, retail banking & financial services Investment banking & investment IT Law – solicitors Law – barristers Media Property Public sector Retail Science

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