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Best Places to Work on Wall Street

The annual survey of what investment bankers think of our leading banks is out.

The Vault Banking 50 ranks the banks using a weighted formula that reflects the issues bankers care most about, combining quality of life rankings (such as culture, satisfaction, hours, and compensation) with overall prestige. It also includes things such as “green initiatives” and “LGBT Diversity.”

The biggest gainer this year was Morgan Stanley, which rocketed up from the 22nd spot last year to be the No. 3 ranked bank.

The biggest loser was Blackstone, which dropped from No. 2 to No. 25. Could this be because Blackstone’s stock has been a laggard recently?

In any case, here are the top seven banks ranked by the people who work for them.

By John Carney
Posted 29 September 2011

Allan Baxter | Getty Images