Ideal Employer Report 2016

The guide to global and regional financial services employer rankings Ideal Employer Report 2016

Introduction

Welcome to the 2016 eFinancialCareers Ideal Employer rankings for finance professionals. This annual study goes beyond the surface and explores the professional, demographic and attitudinal nuances that determine which companies financial services professionals around the world most admire and ultimately consider their Ideal Employer.

Conducted between October and December 2015, our research included responses from over 6,500 finance professionals globally, across more than 30 countries. It offers a wealth of insight from the top 30 global Ideal Employers to regional, company type and sector top performers, as well as gender comparisons.

Fast Facts

6,500 answers were collated Distributed via email, pop-up across 30 countries ads, Facebook and Twitter

Conducted between October Took 10-15 minutes and December 2015 to complete

Respondents were asked to provide their top 3 ideal Respondents were asked to employers in an open text rate various attributes about box (not a drop-down) with those employers predictive entry

2 Ideal Employer Report 2016

Goldman Sachs 2016 Ideal Employer 2016

The allure of Goldman Sachs is well-known– Ideal the bank attracts 267,000 job applications annually and hires just 3%. This year, Goldman Employer Sachs outranked its US peers J.P. Morgan and Morgan Stanley, which ranked second and fourth respectively, as well as Google (third) and asset Winner management behemoth BlackRock (fifth), to become our 2016 Ideal Employer.

Criteria for winning management and executive vice introduced “protected Saturdays” for president at Goldman Sachs says any juniors – meaning they have to be out One of Goldman’s perceived strengths potential employee can expect an of the office by 9 pm on Friday and is, predictably, compensation, with “extensive interview methodology.” do not return until 9 am Sunday. “We 85% of respondents suggesting In addition to obvious factors like recognize that we work in a dynamic that the company pays competitive assessing someone’s experience and demanding industry; however, salaries and bonuses. Goldman has and technical know-how, she says we also know that it is important for stated that its culture is still geared that an “ability to work through our people to have the time to focus towards paying for performance, adverse situations” and “how on their responsibilities and interests despite moves to cut compensation at effectively you work as part of an outside of work,” Cooper says. other banks. overall organization” are also very important. The company has also tried to add Making it up the ranks was also an more career stability and satisfaction, important factor for most people The old tactics of turning up on including hiring juniors on “regular” participating in our research. Of those campus at top universities have been contracts as opposed to two- who wanted to work for Goldman supplemented by increased use of year contracts, adding a policy of Sachs, 81% said that opportunities technology to both filter candidates accelerated promotion for the best for promotion were important to and find them from unusual sources. IBD associates after two years, and them, but only 62% perceived it as a Technology helps whittle down a offering onsite childcare and flexible strength of the firm. shortlist, but Goldman considers working arrangements. every application, says Cooper. “It’s Finance professionals appear to have important to find the best broad accepted that long hours are part and group of candidates beyond GPA and Staying on parcel of working in the industry. The top-level information, going deeper Cooper says that Goldman is making vast majority of investment banks to analyze a database of experiences efforts to ensure that junior bankers in our rankings scored poorly on rather than a database of facts and have opportunities to learn and are working hours, and just 13% of people figures,” she says. able to “connect with those around who wanted to work for Goldman them.” Juniors are taken on an Sachs perceived it as a strength of Goldman also uses social media to “apprenticeship model” where they the company. However, the company uncover potential candidates. “We learn on the job and are also given a has begun to implement policies to have a mobile recruiting app, host chance to build a network that could address this, demonstrating their webinars and Google+ hangouts, help with internal moves. responsiveness to the needs of their use LinkedIn, Twitter and YouTube, employees, a key Ideal Employer trait. and publish a tremendous amount “We know that many professionals, of content on our careers site.” junior and more seasoned employees Getting hired are interested in taking on new responsibilities and learning about Candidates hoping to get a job at Work-life balance and working in other business areas, Goldman Sachs can expect stiff Goldman has been making efforts to and so we provide opportunities for competition. Goldman Sachs’ Edith address the work-life balance of its our people to move around within the Cooper, global head of human capital staff, especially its juniors. Firstly, it firm,” she says.

3 Ideal Employer Report 2016

2016 Ideal Employers The following companies represent the best of the best — companies whose ideals, benefits, brand and working environment embody all that employees admire most in a company. These are our 2016 Ideal Employers:

Top 30 Global Employers

Rank Company Rank Company Rank Company 1 Goldman Sachs 11 Deutsche Bank 21 KPMG 2 J.P. Morgan 12 Barclays 22 BNP Paribas 3 Google 13 McKinsey & Company 23 Standard Chartered Bank 4 Morgan Stanley 14 Blackstone Group 24 Boston Consulting Group 5 BlackRock 15 PricewaterhouseCoopers 25 Bloomberg 6 UBS 16 Apple 26 Fidelity 7 Citibank 17 DBS Bank 27 Bain & Company 8 HSBC 18 Deloitte 28 KKR 9 Credit Suisse 19 Facebook 29 GIC 10 Bank of America / Merrill Lynch 20 EY 30 Wells Fargo

Top 20 UK Employers Top 20 US Employers Top 20 Asia Employers

Rank Company Rank Company Rank Company 1 Goldman Sachs 1 Goldman Sachs 1 Goldman Sachs 2 JP Morgan 2 J.P. Morgan 2 J.P. Morgan 3 Morgan Stanley 3 Google 3 Google 4 Google 4 Morgan Stanley 4 Morgan Stanley 5 Barclays 5 BlackRock 5 UBS 6 HSBC 6 Bank of America / Merrill Lynch 6 DBS Bank 7 BlackRock 7 Citibank 7 Credit Suisse 8 UBS 8 Blackstone Group 8 Citibank 9 Deutsche Bank 9 Fidelity 9 HSBC 10 McKinsey & Company 10 Deutsche Bank 10 BlackRock 11 Citibank 11 Wells Fargo 11 Facebook 12 Bank of America / Merrill Lynch 12 UBS 12 Standard Chartered Bank 13 Credit Suisse 13 Apple 13 Bank of America / Merrill Lynch 14 PricewaterhouseCoopers 14 Bridgewater Associates 14 GIC 15 Blackstone Group 15 Credit Suisse 15 McKinsey & Company 16 EY 16 Deloitte 16 Apple 17 Lloyds Banking Group 17 McKinsey & Company 17 OCBC Bank 18 Deloitte 18 Wellington Management Co. 18 Deutsche Bank 19 Apple 19 Bloomberg 19 PricewaterhouseCoopers 20 KPMG 20 HSBC 20 Barclays

4 Ideal Employer Report 2016

Ideal Employer Strengths From compensation to company culture, we ranked the top factors employees consider important when looking for a new employer. While competitive salary still ranks high at 70%, other factors, such as challenging/interesting work (71%) and financial performance/strength of firm (70%) rank equally important to employees.

Top strengths of Top 30 global Ideal Employers vs. importance to employees

Challenging/interesting work

Competitive salary

Financial performance/strength of firm

Leader in the industry

Work with key industry players

Attractive benefits

Opportunities for promotion

Strong executive leadership

Competitive bonus

Solid training and development

Office environment

Positive culture

Opportunity to travel

Innovator in the industry

Is a good corporate citizen

Progressive on issues like diversity, CSR

Manageable working hours

Flexible working options

0% 20% 40% 60% 80% 100%

Importance to Employees Top Strengths

5 Ideal Employer Report 2016

Company type Ideal Employers: Banks How do other financial services companies stack up? The following charts show how companies across the industry compare to their peers.

Top 20 Global Bank Employers Top 10 UK Bank Employers

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 3 4 Morgan Stanley 3 4 Morgan Stanley 4 6 UBS 4 12 Barclays 5 7 Citibank 5 8 HSBC 6 8 HSBC 6 6 UBS 7 9 Credit Suisse 6 11 Deutsche Bank 8 10 Bank of America / Merrill Lynch 8 7 Citibank 9 11 Deutsche Bank 8 10 Bank of America / Merrill Lynch 10 12 Barclays 10 9 Credit Suisse 11 17 DBS Bank 12 22 BNP Paribas Top 10 US Bank Employers 13 23 Standard Chartered Bank Rank* Overall** Company 14 30 Wells Fargo 1 1 Goldman Sachs 15 32 OCBC Bank 2 2 J.P. Morgan 15 32 RBS 3 4 Morgan Stanley 17 34 Lloyds Banking Group 4 10 Bank of America / Merrill Lynch 18 37 RBC 5 7 Citibank 19 38 Macquarie Bank 6 11 Deutsche Bank 20 40 Nomura 7 30 Wells Fargo 20 40 Rothschild 8 6 UBS 20 40 Societe Generale 9 9 Credit Suisse 10 8 HSBC Banker bias

Why do potential candidates tend to Top 10 Asia Bank Employers shy away from European banks in the Rank* Overall** Company US? Whatever the reason, financial 1 1 Goldman Sachs services professionals in the US tend to favour American investment banks. 2 2 J.P. Morgan In fact, Goldman Sachs, J.P. Morgan 3 4 Morgan Stanley and Morgan Stanley were highest 4 6 UBS ranks, while just one European bank – 5 17 DBS Bank Deutsche Bank in 10th – scraped into 6 9 Credit Suisse the top spots 7 7 Citibank 8 8 HSBC 9 10 Bank of America / Merrill Lynch 9 23 Standard Chartered Bank * Bank rank ** Ideal Employer rank 6 Ideal Employer Report 2016

Company type Ideal Employers: Hedge Funds How do other financial services companies stack up? The following charts show how companies across the industry compare to their peers.

Top 10 Global Hedge Fund Employers Top 5 UK Hedge Fund Employers

Rank* Overall** Company Rank* Overall** Company 1 35 Bridgewater Associates 1 50 Brevan Howard Asset Management 2 46 Citadel 2 69 Moore Capital 3 50 Brevan Howard Asset Management 3 46 Citadel 4 62 Two Sigma Investments 3 65 Man Group 5 65 Apollo Global Management 5 69 Tudor Capital 5 65 Man Group 7 69 Moore Capital Divide and conquer 7 69 Tudor Capital 9 80 Berkshire Hathaway Our hedge fund rankings reveal a 9 80 Renaissance Technologies transatlantic divide. Bridgewater, which employs some 1,300 people and is generally considered to be both an Top 5 US Hedge Fund Employers elite and a bit of a challenging place Rank* Overall** Company to work, topped the rankings globally. 1 35 Bridgewater Associates However, among UK-based finance professionals, Brevan Howard, one of 2 46 Citadel Europe’s biggest hedge funds run by 3 62 Two Sigma Investments former Credit Suisse prop trader Alan 4 65 Apollo Global Management Howard, is the most popular 4 92 AQR Capital Management

Company type Ideal Employers: Private Equity

Top 4 Global Private Equity Employers Private equity

* ** Rank Overall Company In private equity, Blackstone topped the 1 14 Blackstone Group rankings. Other big buy-out firms – 2 28 KKR KKR, The Carlyle Group, Apollo Global 3 47 The Carlyle Group Management and CVC Capital Partners 4 69 CVC Capital Partners – make up the remainder

* Hedge funds/private equity rank ** Ideal Employer rank 7 Ideal Employer Report 2016

Company type Ideal Employers: Asset Management How do other financial services companies stack up? The following charts show how companies across the industry compare to their peers.

Top 10 Global Asset Management Employers Top 5 UK Asset Management Employers

Rank* Overall** Company Rank* Overall** Company 1 5 BlackRock 1 5 BlackRock 2 26 Fidelity 2 26 Fidelity 3 29 GIC 3 80 M&G Group 4 45 Wellington Management Company 4 45 Wellington Management Company 5 50 Prudential 4 75 Allianz / Allianz GCS 6 55 Temasek 7 58 Pimco Top 5 Asia Asset Management Employers 8 65 Capital Group Rank* Overall** Company 9 69 Franklin Templeton 1 5 BlackRock 10 75 Allianz / Allianz GCS 2 29 GIC 10 75 AXA 3 55 Temasek 4 26 Fidelity Top 5 US Asset Management Employers 5 69 Franklin Templeton Rank* Overall** Company 1 5 BlackRock 2 26 Fidelity 3 45 M&G Group 4 50 Wellington Management Company 5 80 Allianz / Allianz GCS 82% of respondents who wanted Employer highlight: BlackRock to work for BlackRock perceive it as a leader Seventy-eight percent of respondents in the industry who wanted to work for BlackRock believe that it offers a competitive salary. This figure was up with the top two companies in our overall rankings – Goldman Sachs and J.P. Morgan. Eighty-two percent perceive it as a leader in the industry, the second highest score in the top ten, behind only Google (84%)

* Asset management rank ** Ideal Employer rank 8 Ideal Employer Report 2016

Company type Ideal Employers: Professional Services How do other financial services companies stack up? The following charts show how companies across the industry compare to their peers.

Top 10 Global Professional Top 5 Asia Professional Services Employers Services Employers Rank* Overall** Company Rank* Overall** Company 1 18 McKinsey & Company 1 13 McKinsey & Company 2 13 PricewaterhouseCoopers 2 15 PricewaterhouseCoopers 3 27 Boston Consulting Group 3 18 Deloitte 4 24 Deloitte 4 20 EY 5 15 EY 5 21 KPMG 6 24 Boston Consulting Group 7 27 Bain & Company 8 39 Accenture Shifting sands 9 N/A Grant Thornton In consulting parlance, they’re 10 N/A Oliver Wyman known as the MBB firms: McKinsey & Company, Bain & Company and the Top 5 UK Professional Services Employers Boston Consulting Group. Historically, they dominated the consulting * ** Rank Overall Company landscape and were seen as the most 1 13 McKinsey & Company prestigious and interesting places 2 15 PricewaterhouseCoopers to work. But not anymore. While 3 20 EY McKinsey & Company is still the 4 18 Deloitte most popular consulting firm in the world to work for, a new hierarchy 5 21 KPMG has emerged. Bain & Company and Boston Consulting Group still Top 5 US Professional Services Employers made the list, but they’ve been supplanted in the top three slots by Rank* Overall** Company the rapidly growing consulting arms 1 18 Deloitte of the Big Four accounting firms: 2 13 McKinsey & Company PricewaterhouseCoopers, Deloitte, EY 3 27 Bain & Company and KPMG 4 24 Boston Consulting Group 5 15 PricewaterhouseCoopers

* Professional Services rank ** Ideal Employer rank 9 Ideal Employer Report 2016

Company type Ideal Employers: Technology How do other financial services companies stack up? The following charts show how companies across the industry compare to their peers.

Top 10 Global Technology Employers Top 5 Asia Technology Employers

Rank* Overall** Company Rank* Overall** Company 1 3 Google 1 3 Google 2 16 Apple 2 19 Facebook 3 19 Facebook 3 16 Apple 4 31 Microsoft 4 31 Microsoft 5 43 Amazon 5 43 Amazon 6 57 IBM 5 57 IBM 7 N/A Salesforce 8 N/A Samsung Tech evolution 9 N/A Uber 10 N/A Linkedin Although big banks clearly exert a continued appeal over finance Top 5 UK Technology Employers professionals, tech companies are becoming stiff competition. When we Rank* Overall** Company asked London finance professionals 1 3 Google where they’d most like to work, Google 2 16 Apple came in fourth place. Among those who said they’d like to work there, the tech 3 19 Facebook giant far outranked most banks for its 4 31 Microsoft perceived strength in working hours, 5 43 Amazon positive working culture, innovation 5 57 IBM and financial performance. More than anything else, however, Google ranked Top 5 US Technology Employers top for its perceived office environment. Time for banks to start installing ping Rank* Overall** Company pong tables and bean bags? 1 3 Google 2 16 Apple 3 19 Facebook 4 43 Amazon 5 31 Microsoft

* Technology rank ** Ideal Employer rank 10 Ideal Employer Report 2016

Experience Ideal Employers: Young professionals vs. industry veterans Millennial? Baby Boomer? What impact does length of experience have on employer perception?

Top 20 Global Employers for Top 20 Global Employers for Young Professionals (<10 years experience) Industry Veterans (10+ years of experience)

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 3 3 Google 3 3 Google 4 4 Morgan Stanley 4 4 Morgan Stanley 5 5 BlackRock 5 7 Citibank 6 6 UBS 6 5 BlackRock 7 9 Credit Suisse 6 6 UBS 8 8 HSBC 8 8 HSBC 9 12 Barclays 9 9 Credit Suisse 10 7 Citibank 9 10 Bank of America / Merrill Lynch 11 10 Bank of America / Merrill Lynch 11 11 Deutsche Bank 12 13 McKinsey & Company 12 12 Barclays 13 14 Blackstone Group 13 16 Apple 14 11 Deutsche Bank 14 14 Blackstone Group 15 15 PricewaterhouseCoopers 15 23 Standard Chartered Bank 16 17 DBS Bank 16 26 Fidelity 17 16 Apple 17 30 Wells Fargo 18 19 Facebook 18 13 McKinsey & Company 19 18 Deloitte 18 17 DBS Bank 20 20 EY 18 19 Facebook

Empowered professional

While many of the top employers appeal to both industry veterans and professionals with less than 10 years of experience, more professional services firms such as Deloitte and EY cracked the top 20 for professionals starting their careers. These firms typically rank highly for opportunities for promotion, challenging/interesting work, and solid training and development, all traits which appeal to younger professionals looking for empowerment in the workplace

* Years of experience rank ** Ideal Employer rank 11 Ideal Employer Report 2016

Experience Ideal Employers: Young professionals vs. industry veterans

Top 10 UK Employers for Young Professionals Top 10 UK Employers for Industry Veterans

Rank* Overall** Company Rank* Overall** Company 1 2 J.P. Morgan 1 1 Goldman Sachs 2 1 Goldman Sachs 2 2 J.P. Morgan 3 4 Morgan Stanley 3 3 Google 4 3 Google 4 8 HSBC 5 12 Barclays 5 4 Morgan Stanley 6 5 BlackRock 6 12 Barclays 7 8 HSBC 6 5 BlackRock 8 14 Blackstone Group 6 6 UBS 9 10 Bank of America / Merrill Lynch 9 11 Deutsche Bank 10 15 PricewaterhouseCoopers 10 9 Credit Suisse

Top 10 US Employers for Young Professionals Top 10 US Employers for Industry Veterans

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 3 3 Google 3 5 BlackRock 4 4 Morgan Stanley 4 4 Morgan Stanley 5 5 BlackRock 5 10 Bank of America / Merrill Lynch 6 14 Blackstone Group 6 3 Google 7 10 Bank of America / Merrill Lynch 7 7 Citibank 7 11 Deutsche Bank 8 26 Fidelity 8 7 Citibank 9 30 Wells Fargo 8 16 Apple 10 14 Blackstone Group

Top 10 Asia Employers for Young Professionals Top 10 Asia Employers for Industry Veterans

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 3 Google 3 3 Google 3 2 J.P. Morgan 4 4 Morgan Stanley 4 7 Citibank 5 17 DBS Bank 5 6 UBS 6 6 UBS 6 17 DBS Bank 7 9 Credit Suisse 7 9 Credit Suisse 8 7 Citibank 8 4 Morgan Stanley 9 10 Bank of America / Merrill Lynch 9 8 HSBC 10 19 Facebook 9 23 Standard Chartered Bank

* Experience rank ** Ideal Employer rank 12 Ideal Employer Report 2016

Industry sector Ideal Employers: Accounting

Top 10 Global Accounting Employers The Big Four’s big differences

Rank* Overall** Company One of Goldman’s perceived strengths 1 1 Goldman Sachs was, predictably, compensation, with 2 2 J.P. Morgan 85% of respondents suggesting it might 3 3 Google be easy to assume that the Big Four 4 15 PricewaterhouseCoopers accounting firms are all the same. But 5 4 Morgan Stanley that’s not exactly the case, says Stevan 5 18 Deloitte Rolls, a UK-based partner for global talent at Deloitte. “The Big Four are 7 6 UBS pretty similar in that they’re all large 7 20 EY professional partnerships and have a 9 21 KPMG lot in common, but there are important 10 9 Credit Suisse structural and cultural differences too.” We took a look at some stats from each Top 5 UK Accounting Employers company’s annual report, and here’s what we learned. Rank* Overall** Company Best for sheer size: 1 1 Goldman Sachs PricewaterhouseCoopers 1 2 J.P. Morgan If candidates want to work for a 3 3 Google Big Four firm that’s a beast on a 4 4 Morgan Stanley global scale, they want to work for 5 15 PricewaterhouseCoopers PwC, or maybe Deloitte. The two firms alternate as global leaders on a revenue basis. In 2015, PwC had Top 5 US Accounting Employers $35.4bn of revenues globally, while Rank* Overall** Company KPMG was tiny by comparison, with “just” $24.4bn. 1 1 Goldman Sachs 1 3 Google Best for overall growth: EY 3 2 J.P. Morgan The firm with the fastest overall 4 18 Deloitte revenue growth was the smallest – EY 5 15 PricewaterhouseCoopers – with an impressive 12%. EY is also growing its headcount the fastest – it hiked employee numbers by 12.3% in Top 5 Asia Accounting Employers 2015, compared to 7% at KPMG and Rank* Overall** Company Deloitte and 6% at PwC. 1 3 Google Best for promoting women: EY 2 1 Goldman Sachs EY stands out as promoting far more 3 2 J.P. Morgan women than the rest: In 2015, 31% of 4 6 UBS its new partners globally were women. 5 15 PricewaterhouseCoopers The lowest ranked was Deloitte, where 25% of people promoted to partner, principal and director were female

* Accounting rank ** Ideal Employer rank 13 Ideal Employer Report 2016

Ideal Employers: Women in finance What do women want? It’s a question that plagues most financial services organisations which struggle to retain female employees and promote enough into senior front office jobs. The following companies represent the most popular employers that female finance professionals around the globe want to work for:

Top 20 Global Employers for Women Top 10 US Employers for Women

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 3 4 Morgan Stanley 3 4 Morgan Stanley 4 6 UBS 4 10 Bank of America / Merrill Lynch 5 7 Citibank 5 7 Citibank 6 8 HSBC 6 11 Deutsche Bank 7 9 Credit Suisse 7 30 Wells Fargo 8 10 Bank of America / Merrill Lynch 8 6 UBS 9 11 Deutsche Bank 9 9 Credit Suisse 10 12 Barclays 10 8 HSBC 11 17 DBS Bank 12 22 BNP Paribas Top 10 Asia Employers for Women 13 23 Standard Chartered Bank Rank* Overall** Company 14 30 Wells Fargo 1 1 Goldman Sachs 15 32 OCBC Bank 2 2 J.P. Morgan 15 32 RBS 3 4 Morgan Stanley 17 34 Lloyds Banking Group 4 6 UBS 18 37 RBC 5 17 DBS Bank 19 38 Macquarie Bank 6 9 Credit Suisse 20 40 Nomura 7 7 Citibank 20 40 Rothschild 8 8 HSBC 20 40 Societe Generale 9 10 Bank of America / Merrill Lynch 9 23 Standard Chartered Bank Top 10 UK Employers for Women

Rank* Overall** Company Equal work, equal pay 1 1 Goldman Sachs 2 2 J.P. Morgan Just like men, women value competitive 3 4 Morgan Stanley pay. In fact, 82% of female respondents said they expected a competitive salary, 4 12 Barclays compared to 80% of men. Considering 5 8 HSBC the glaring inequality of the gender 6 6 UBS pay divide (up to 50% less for women 6 11 Deutsche Bank vs. men in finance), it’s not surprising 8 7 Citibank that more women are beginning to 8 10 Bank of America / Merrill Lynch demand higher salaries 10 9 Credit Suisse

* Ideal Employers for women rank ** Ideal Employer rank 14 Ideal Employer Report 2016

Women in finance Female perceptions in finance Whilst salary, performance and challenging work are seen as key attributes of banking, women also associate the industry as being much weaker in terms of flexible working and corporate responsibility.

25% 20% 15% Percentage difference between female and male responses 10% 5% 0% -5% Progressive Corporate Manageable Flexible Opportunities Opportunities Competitive on CSR and citizenship working working for promotion to travel bonus diversity hours

Factors of importance to women Female respondents held corporate responsibility, work-life balance and flexible working in higher regard than their male counterparts.

95% 94% 95%

Challenging/ Positive culture Financial strength interesting work

Where do women typically apply Whilst sales, marketing, compliance and legal openings attract a higher share of female applicants, those in equities, private equity and IT are dominated by male applicants.

Sales & marketing Compliance/legal Corporate banking Accounting & finance Operations Asset management Risk management Consultancy Investment banking Graduates & internships Private banking / wealth mgmt. Research Information technology Private equity Equities Other

15 Ideal Employer Report 2016

Company Highlight: Deloitte If professional and financial services firms really want to attract and retain a diverse workforce, actively promote women into senior positions and keep their employees happy, then taking a cue from Deloitte is a great place to start.

The modern workplace arrangements before it became law in with women going on maternity leave the UK last year. and then all too frequently feeling Emma Codd – a partner in the Forensic unable to return or that they had to practice and a Managing Partner for We’ve also seen a big uptake of our switch out of a client-facing role. Talent at Deloitte – truly understands Time Out initiative, which enables We’re changing this, saying to people the importance of balancing a career employees to request one month off, that it is possible to do a client-facing with family life. Here’s her take: unpaid, every year in addition to their role and raise a family. We’re also annual paid holiday entitlement – keen to attract back women who took Addressing the needs of all, not without giving a reason. The initiative a couple of years out to be with their just working mothers has been recognised by the Sunday children and want to return to work. Times Best Companies to Work For Agile working is absolutely critical We want to attract the best people, 2015 where Deloitte took the special – if we don’t get this right, I don’t and we don’t want our employees – award for Innovation in Engagement think we can win the battle, but we especially women – to feel that starting Practice for Time Out. are determined to do so. a family is the tipping point in their career. We want a modern workplace Additionally, all the research points and, for us, that’s an agile workplace. to the fact that Millennials are Communication is key demanding more flexibility in the Remember that it isn’t just about When we embarked on a new agile workplace. We need to ensure our what works for employees, it’s what working programme last year, we culture reflects that. works for the team. Very often agile knew it would benefit women, but working arrangements fail because the reality is that it’s an important of a lack of effective communication. tool for attracting and retaining Mission-critical Also, employees need not apologise talent across the organisation. For Within Deloitte there’s a huge focus for their agile working arrangements. example, the days of fathers being on women in leadership and ensuring Colleagues need to respect that career detached from childcare duties are we continue to attract and develop the and family are both very important. long gone, so we offered the option best people. We saw a drop off point of reduced hours and flexible work Company Highlight 16 Ideal Employer Report 2016

Appendix

17 Ideal Employer Report 2016

Industry sector Industry sector Ideal Employers: Ideal Employers: Capital Markets Compliance & Legal

Top 10 Global Capital Markets Employers Top 10 Global Compliance & Legal Employers

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 3 4 Morgan Stanley 3 3 Google 4 3 Google 4 4 Morgan Stanley 5 14 Blackstone Group 4 6 UBS 6 9 Credit Suisse 6 8 HSBC 7 28 KKR 7 9 Credit Suisse 8 11 McKinsey & Company 8 7 Citibank 9 5 BlackRock 9 5 BlackRock 9 10 Bank of America / Merrill Lynch 9 11 Deutsche Bank 9 69 CVC Capital Partners Top 5 UK Compliance & Legal Employers Top 5 UK Capital Markets Employers Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 1 2 J.P. Morgan 2 2 J.P. Morgan 3 8 HSBC 3 14 Blackstone Group 4 4 Morgan Stanley 4 3 Google 4 3 Google 5 4 Morgan Stanley 4 12 Barclays

Top 5 US Capital Markets Employers Top 5 US Compliance & Legal Employers

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 3 4 Morgan Stanley 3 3 Google 3 3 Google 4 4 Morgan Stanley 5 5 BlackRock 5 11 Deutsche Bank 5 14 Blackstone Group

Top 5 Asia Compliance & Legal Employers Top 5 Asia Capital Markets Employers Rank* Overall** Company Rank* Overall** Company 1 2 J.P. Morgan 1 1 Goldman Sachs 2 1 Goldman Sachs 2 3 J.P. Morgan 3 3 Google 3 4 Morgan Stanley 4 6 UBS 4 3 Google 5 9 Credit Suisse 5 9 Credit Suisse 5 8 HSBC

* Capital Markets / Compliance & Legal rank ** Ideal Employer rank 18 Ideal Employer Report 2016

Industry sector Industry sector Ideal Employers: Ideal Employers: Consulting IT

Top 10 Global Consulting Employers Top 10 Global IT Employers

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 3 Google 2 13 McKinsey & Company 2 1 Goldman Sachs 3 2 J.P. Morgan 2 2 J.P. Morgan 4 3 Google 4 7 Citibank 5 24 Boston Consulting Group 5 4 Morgan Stanley 6 4 Morgan Stanley 6 6 UBS 6 5 BlackRock 7 9 Credit Suisse 6 18 Deloitte 7 12 Barclays 9 14 Blackstone Group 9 19 Facebook 10 27 Bain & Company 10 8 HSBC

Top 5 UK Consulting Employers Top 5 UK IT Employers

Rank* Overall** Company Rank* Overall** Company 1 13 McKinsey & Company 1 1 Goldman Sachs 2 1 Goldman Sachs 2 2 J.P. Morgan 3 2 J.P. Morgan 3 8 HSBC 4 24 Boston Consulting Group 4 4 Morgan Stanley 5 5 BlackRock 5 3 Google 5 6 UBS Top 5 US IT Employers Top 5 US Consulting Employers Rank* Overall** Company Rank* Overall** Company 1 1 Google 1 1 Goldman Sachs 2 3 J.P. Morgan 2 3 Google 2 14 Goldman Sachs 2 14 Blackstone Group 4 2 Morgan Stanley 4 2 J.P. Morgan 5 5 Bank of America / Merrill Lynch 5 5 BlackRock 5 18 Facebook 5 18 Deloitte 5 13 McKinsey & Company Top 5 Asia IT Employers 5 27 Bain & Company Rank* Overall** Company 1 3 Google Top 5 Asia Consulting Employers 2 2 J.P. Morgan Rank* Overall** Company 3 1 Goldman Sachs 1 3 Google 4 7 Citibank 2 1 Goldman Sachs 5 6 UBS 2 13 McKinsey & Company 4 2 J.P. Morgan 5 16 Apple 5 24 Boston Consulting Group

* Consulting/IT rank ** Ideal Employer rank 19 Ideal Employer Report 2016

Industry sector Industry sector Ideal Employers: Ideal Employers: Operations Portfolio Management

Top 10 Global Operations Employers Top 10 Global Portfolio Management Employers

Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 3 4 Morgan Stanley 3 5 BlackRock 4 3 Google 4 4 Morgan Stanley 5 6 UBS 5 3 Google 6 9 Credit Suisse 6 6 UBS 7 7 Citibank 7 14 Blackstone Group 7 10 Bank of America / Merrill Lynch 8 28 KKR 9 5 BlackRock 9 8 HSBC 10 11 Deutsche Bank 10 26 Fidelity 10 45 Wellington Management Company Top 5 UK Operations Employers 10 10 Bank of America / Merrill Lynch

Rank* Overall** Company Top 5 UK Portfolio Management Employers 1 2 J.P. Morgan 2 1 Goldman Sachs Rank* Overall** Company 3 4 Morgan Stanley 1 1 Goldman Sachs 4 3 Google 2 2 J.P. Morgan 5 12 Barclays 3 5 BlackRock 5 6 UBS 4 14 Blackstone Group 5 4 Morgan Stanley Top 5 US Operations Employers Top 5 US Portfolio Management Employers Rank* Overall** Company 1 1 Goldman Sachs Rank* Overall** Company 2 2 J.P. Morgan 1 1 Goldman Sachs 3 4 Morgan Stanley 2 2 J.P. Morgan 4 5 BlackRock 3 5 BlackRock 5 7 Citibank 4 26 Fidelity 5 45 Wellington Management Company Top 5 Asia Operations Employers 5 6 UBS

Rank* Overall** Company Top 5 Asia Portfolio Management Employers 1 1 Goldman Sachs 2 17 DBS Bank Rank* Overall** Company 3 2 J.P. Morgan 1 1 Goldman Sachs 3 3 Google 2 2 J.P. Morgan 5 4 Morgan Stanley 3 3 Google 4 6 UBS 5 4 Morgan Stanley

* Operations / Portfolio Management rank ** Ideal Employer rank 20 Ideal Employer Report 2016

Industry sector Industry sector Ideal Employers: Ideal Employers: Relationship Mgmt. Research

Top 10 Global Relationship Mgmt. Employers Top 10 Global Research Employers

Rank* Overall** Company Rank* Overall** Company 1 2 J.P. Morgan 1 1 Goldman Sachs 2 1 Goldman Sachs 2 2 J.P. Morgan 3 4 Morgan Stanley 3 3 Google 4 5 BlackRock 3 4 Morgan Stanley 5 6 UBS 5 5 BlackRock 5 7 Citibank 6 14 Blackstone Group 7 3 Google 7 7 Citibank 8 8 HSBC 7 12 Barclays 9 9 Credit Suisse 9 13 McKinsey & Company 9 11 Deutsche Bank 10 8 HSBC

Top 5 UK Relationship Management Employers Top 5 UK Research Employers

Rank* Overall** Company Rank* Overall** Company 1 2 J.P. Morgan 1 2 J.P. Morgan 2 1 Goldman Sachs 1 4 Morgan Stanley 3 4 Morgan Stanley 3 1 Goldman Sachs 3 5 BlackRock 3 3 Google 5 6 UBS 5 12 Barclays 5 11 Deutsche Bank 5 12 Barclays Top 5 US Research Employers

Rank* Overall** Company Top 5 US Relationship Management Employers 1 1 Goldman Sachs Rank* Overall** Company 2 2 J.P. Morgan 1 1 Goldman Sachs 3 4 Morgan Stanley 2 2 J.P. Morgan 4 3 Google 3 5 BlackRock 5 5 BlackRock 4 7 Citibank 5 14 Blackstone Group 5 4 Morgan Stanley 5 25 Bloomberg 5 6 UBS

Top 5 Asia Relationship Management Employers

Rank* Overall** Company 1 2 J.P. Morgan 2 1 Goldman Sachs 2 3 Google 4 17 DBS Bank 5 7 Citibank 5 8 HSBC 5 23 Standard Chartered Bank

* Relationship Management / Research rank ** Ideal Employer rank 21 Ideal Employer Report 2016

Industry sector Industry sector Ideal Employers: Ideal Employers: Risk Management Sales

Top 10 Global Risk Management Employers Top 10 Global Sales Employers Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 3 4 Morgan Stanley 3 4 Morgan Stanley 4 8 HSBC 4 5 BlackRock 5 3 Google 5 3 Google 6 7 Citibank 6 10 Bank of America / Merrill Lynch 6 11 Deutsche Bank 7 6 UBS 8 12 Barclays 8 7 Citibank 9 9 Credit Suisse 8 8 HSBC 9 13 McKinsey & Company 8 22 BNP Paribas

Top 5 UK Risk Management Employers Top 5 UK Sales Employers Rank* Overall** Company Rank* Overall** Company 1 2 J.P. Morgan 1 1 Goldman Sachs 2 1 Goldman Sachs 2 2 J.P. Morgan 3 4 Morgan Stanley 3 5 BlackRock 4 8 HSBC 4 3 Google 5 11 Deutsche Bank 5 12 Barclays 5 12 Barclays Top 5 US Sales Employers Top 5 US Risk Management Employers Rank* Overall** Company Rank* Overall** Company 1 1 Goldman Sachs 1 1 Goldman Sachs 2 2 J.P. Morgan 2 2 J.P. Morgan 2 5 BlackRock 3 26 Fidelity 4 10 Bank of America / Merrill Lynch 4 5 BlackRock 5 4 Morgan Stanley 5 3 Google 5 7 Citibank Top 5 Asia Sales Employers 5 11 Deutsche Bank Rank* Overall** Company 5 13 McKinsey & Company 1 1 Goldman Sachs 5 14 Blackstone Group 2 2 J.P. Morgan 5 37 RBC 2 4 Morgan Stanley 4 3 Google Top 5 Asia Risk Management Employers 4 17 DBS Bank Rank* Overall** Company 1 1 Goldman Sachs 2 2 J.P. Morgan 3 3 Google 4 17 DBS Bank 5 4 Morgan Stanley 5 9 Credit Suisse * Risk Management / Sales rank ** Ideal Employer rank 22 Ideal Employer Report 2016

Global Respondent Profile

Prefer not to say 2% 50 Plus Under 30 Female 15% 25%

12%

Gender 22% Age

66% 40-49 30-39 38% Male

No financial services work experience Other Bachelor's degree More than Less than 1 year 12% 10 years 8% 5% 1 to less 45% than 3 years 40% 12% Education Experience

12% 3 to less 43% than 5 years

23% Master's/ MDA/PhD 5 to less than 10 years

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23 Contact Us

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