GoBuySide is a company which specializes in recruiting people for roles in private equity and other finance roles. Those whom are interested in investment banking and consulting are recruited well in advance of when their employment will begin. These are individuals whom will typically work at an investment bank or other firm before seeking further career-advancing education in the form of an MBA. They have a great amount of data available regarding the career interests of those interested in pursuing careers in finance and investment banking. This provides a great deal of valuable insights into the mindsets of young people pursuing future careers in the financial industry.
Base salaries and bonus payments for private equity and venture capital professionals have been rising steadily since 2014, averaging 6-8% increase for each consecutive year.https://t.co/CGKq9ISM9n
— GoBuyside (@gobuyside) February 6, 2018
The first and foremost metric that all candidates surveyed valued is the prestige of the firm that they will be working for. Approximately 45% of candidates valued prestige of the firm above all other metrics, which comes in well above work-life balance. Followed by firm prestige is firm track record and compensation, which comes in third. The bottom 3 criteria include: firm location, business school placement, and work/life balance which comes in last. These criteria are not surprising given that many young people attracted to the world of finance are very competitive by nature.
The great aspect of examining these rankings is to see the transparency of the market sentiment. Pre-MBA candidates are honest about their desire for prestige in a future role at an investment bank, which is a refreshing point of view and perspective into the world of investment banking. Business school placement is also less of a criteria because many young people seeking future roles in alternative investment banks see MBA degrees as being less valuable. Alternative investment managers don’t place as much of an emphasis on the candidate’s MBA degree as they would have in the past.
The top work locations for individuals working at investment banks include: Goldman Sachs, Bank of America Merrill Lynch, Morgan Stanley, and Credit Suisse. These are some of the more prestigious names in the world of investment banking and finance, so many young people are by nature drawn to these larger companies.
The most up to date information on GoBuyside can be found on Facebook.