- YouTube/Goldman Sachs
The hunt for talent is getting more and more difficult.
LinkedIn published a list of the top 40 companies in the US that are best at finding and keeping great employees.
The ranking is based on the actions of the social network’s more than 433 million members, including jobs they have applied to, attempts to view and connect with companies, and how long new hires stick around.
While tech giants such as Google and Apple dominated the list, we singled out the most attractive firms on Wall Street.
Banking has become a less attractive career option amidst a tough business climate, and top players in the industry are rolling out new initiatives to stem the wave of departures. To win the war for talent, Wall Street firms will have to adjust their strategies and rethink who their competitors are.
Here are the four big financial firms that stood out in LinkedIn’s ranking:
4. Morgan Stanley
- Spencer Platt/Getty Images
What: A bank that offers consumer services and has been expanding aggressively into wealth management (with $2 trillion in assets under management) as trading revenues dwindle.
Morgan Stanley CEO James Gorman emphasized the need to have a management team ready to manage the next financial crisis, according to comments he made at the DealBook Conference last November.
He said the bank takes a long-term view in hiring and promoting employees. “It’s like the plenary going on in China. We have our own mini plenary around talent in 5, 10, and 15 years. So I look at the organization charts and ask, who, 10 years from now, could be in a senior role? What do we need to do to start moving them around to get them with the right toolset?”
Overall ranking: 40 (Source: LinkedIn)
3. Goldman Sachs
- Goldman Sachs
What: A dream place to work for aspiring investment bankers, but also increasingly looking good for computer scientists, programmers and engineers. CEO Lloyd Blankfein likes to refer to Goldman Sachs as a “tech company.”
The bank is changing how it hires (goodbye, brainteasers) and provides feedback to its younger employees. It also went through a period of “juniorization,” where more younger people have been hired, especially in the operations, tech, and compliance units.
Overall ranking: 27 (Source: LinkedIn)
- Thomson Reuters
What: A auditing giant based in New York that provides accounting, consulting, and tax services.
Deloitte, which has 225,000 employees, receives 1.9 million job applications every year. Its tech-infused services and scope of work have attracted those with STEM (science, technology, engineering, and mathematics) backgrounds. The company told LinkedIn that their employees are “challenged by interesting work.”
Perks: Offers a “marketplace” featuring various perks, education reimbursement, and, most importantly, sabbatical programs that can run up to six months for “personal or professional growth opportunities.”
Overall ranking: 24 (Source: LinkedIn)
- REUTERS/Toru Hanai
What: An asset management company based in New York that manages $4.7 trillion as of March 2016.
BlackRock has more than 12,000 employees, and 47% of them are based outside the US. Apart from its 130+ investing teams, the firm also has economists, data scientists, and 1,300 engineers in the house.
Perks: The firm is big on employee development plans and employee engagement. For example, employees get to pitch ideas to senior executives at the two-day Innovation Summit, which helps spur new products for retirees and connect coworkers across different departments, according to LinkedIn.
Overall ranking: 19 (Source: LinkedIn)