Prestigious Goldman is students' favourite

Goldman Sachs has trounced other investment banks as the place university students studying business-related subjects would prefer to work.

The latest survey by Universum, a Swedish graduate research company, puts Goldman in pole position among investment banks. Goldman, which came in sixth overall, was also business students’ favourite investment bank last year.

JPMorgan, which regularly topped the ranking among investment banks a few years ago, came in 11th this time. Morgan Stanley came 12th, followed by Deutsche Bank, Citigroup, Merrill Lynch, UBS, Credit Suisse, Lehman and Bank of America (which scraped in at 47th).

Students go for kudos

Heledd Clarke, UK country manager for Universum, said Goldman’s appeal is down to prestige: “Goldman Sachs has a strong reputation on campus, and is seen as somewhere that students would like to have on their CVs.”

Accountancy firm PriceWaterhouseCoopers ranked as business students’ overall preferred destination. HSBC ranked second. But Clarke said HSBC’s success was probably more attributable to its strong retail bank than its desirability as an investment banking employer.

Universum surveyed over 7,500 final and penultimate year university students studying degrees in business, engineering, science, IT and the humanities.

Source