These rankings were finalized in May 2008. On September 15th, 2008, longtime top 10 banks Lehman Brothers and Merrill Lynch (ranking No. 4 and No. 6 in this year's rankings,
respectively) ceased to exist in their current forms - Lehman filed for bankruptcy and Merrill Lynch agreed to be acquired by Bank of America (currently No. 17.)
What does this mean? Going forward, expect to see a further upwards surge in the rankings from Lazard and Deutsche - and to see Bank of America take on Citi-like prestige.
Read the latest financial news on Vault.com's finance blog, In the Black.
In the spring of 2008, Vault surveyed 1,167 investment and commercial banking professionals, asking them to rate employers in the banking industry in terms of how prestigious it is to work for them. Vault's prestige rankings are based on these scores.
Vault also asked bankers to rate employers in areas such as training, hours, compensation and overall satisfaction. These scores were used to calculate Vault's quality of life and diversity Top 10 rankings.
To see the Vault Top 50 Banking Employers, and the top firms for quality of life and diversity categories, use the links below. To read insider profiles on more than 85 top firms, get a copy of the Vault Guide to the Top 50 Banking Employers.
Prestige Rankings
Vault Guide to the Top 50 Banking Employers, 2009 Edition
Are you interested in a career in banking? The Vault Guide to the Top 50 Banking Employers is your insider's guide to the top employers. The guide includes our exclusive banking employer prestige rankings, quality of life rankings, and detailed insider profiles of 85 top firms.
Interview Surveys
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Quality of Life Rankings:
