Investment banking

Employer of choice graduate survey 2008

Benchmark Report

Investment banking & investment

Research sponsored by

How do you compare with leading employers in your sector?

2 This Benchmark Report is one of 16. For a full list of reports available see the back page. © GTI Specialist Publishers, May 2008

Contents

2 Methodology and marketing3 Introduction3 Executive summary4 Demographics by:

4 Gender4 Ethnic group4 University attended5 Subject studied5 Graduation year

6 Job seeking and attitudes towards organisations in sector6 View of current market conditions6 How much have you looked into a career

after university6 Other industries interested in7 Organisations heard of8 Organisations heard of and applied to9 Organisations chosen – first choice, one of several,

would not consider12 Organisations heard of and rated excellent for

work experience13 Organisations with the highest profile on campus14 Very important factors in deciding on employers

15 TARGETjobs National Graduate Recruitment Awards200815 Ranking and points for the award 16 Compare organisation ranking in 2008 vs 2007

17 About GTI and TARGETjobs

Methodology and marketingThe TARGETjobs Employer of choicegraduate survey 2008 consists of 16sector-based Benchmark Reports usingdata gathered through the TARGETjobsNational Graduate Recruitment Awards survey, whichcollected over 33,700 votes − a 16 per cent increase on2007. The survey was hosted on targetjobs.co.uk from earlyDecember 2007 to March 2008 – a critical period forundergraduates thinking about their choice of employer. Inaddition to providing the winners for the TARGETjobs NationalGraduate Recruitment Awards, the survey gathers a largeamount of valuable data on students and recent graduateswho want to work in 16 different industry sectors. This year,there were additional questions relating to their confidence inthe graduate recruitment market and the strength ofemployer brands on campus.

For the purposes of the TARGETjobs National GraduateRecruitment Awards, data from respondents interested inthis sector contributed to the banking and investment award.

The voting campaign was heavily promoted through nearlythree-quarters of a million copies of TARGETjobs titles andTARGETjobs magazine and through our own database of overa quarter of a million registered users of targetjobs.co.uk. Anextensive promotional campaign was carried out on campusby our established contacts in academic departments andcareers services, and by our network of over 100 campusrepresentatives. We would also like to thank professionalbodies who promoted the survey to their student members inspecific sectors. The sample was supplemented with surveyresponses from members of The Student Panel, provided byOpinionpanel Research, the independent market researchcompany that owns and operates The Student Panel and TheGraduate Panel.


© GTI Specialist Publishers, May 2008 This Benchmark Report is one of 16. For a full list of reports available see the back page. 3

IntroductionThe TARGETjobs Employer of choice graduate survey 2008gives you a unique insight into how your employer brand isperceived by undergraduates and recent graduates frommore than a hundred universities across the UK and how itranks among employers in your sector.

This Benchmark Report focuses on students and graduateswho wish to work in the investment banking and investmentsector. It uses data gathered from 1,928 students andgraduates who stated that the investment banking andinvestment sector was one of the areas that they wereinterested in working in.

The report looks at the demographics of those wishing towork in investment banking and investment, their job-seeking behaviour and their attitudes towards employersoperating in this sector. It also shows the ranking of the toporganisations for the TARGETjobs National GraduateRecruitment Awards for the sector.

Executive summaryThose wishing to work in investment banking andinvestment:• Are more likely to be male than female• Are ethnically diverse, with particularly strong interest

shown by respondents from a Chinese or Asian ethnicbackground

• Will naturally also be interested in careers in other areasof finance (for example, accountancy or financialservices) and may be considering consulting as anotherpossible option

• Attach great importance to salary and benefits whenchoosing an employer

• Place less importance on work/life balance than thoseinterested in other sectors – although this is anincreasingly important consideration for many.

Investment banking & investment Benchmark Report


Demographics

Gender (All)

Gender (Investment banking and investment)

Ethnic groupThe gender split of those interested working in investmentbanking and investment is pronounced, with malerespondents significantly more likely to want to start acareer in this sector than female respondents.

Those wishing to work in the investment banking andinvestment sector are much more likely to come from a non-white ethnic group, especially Chinese or Asian, than theoverall sample.

University attendedRank University

1 University of Manchester2 University of Warwick3 Imperial College London4 Oxford University5 University of Bath6 Durham University7 University of Nottingham8 University of Birmingham9 Newcastle University10 Loughborough University11 University of Cambridge12 London School of Economics13 University of Southampton14 Lancaster University15 University of Bristol16 University College London17 University of Reading18 University of Sheffield19 University of Leicester20 University of Edinburgh

The universities listed above are those that have the largestnumber of respondents wishing to pursue a career in theinvestment banking and investment sector.

Compared to other sectors, however, some of theseuniversities have students who are more than averagelyinterested in working in investment banking and investment.Students from Manchester, Warwick, Imperial, Oxford andBath are most likely to be interested in this sector.

Male (43%)

Female (57%)

Male (56%)

Female (44%)

All Investment banking and investment

0%

10%

20%

30%

40%

50%

60%

70%

80%

75.3%

0.6%

0.7%

3.5%

2.1%

0.4%

0.3%

8.9%4.9%

1.9%

1.6%

0.5%

0.5%

6.2%

15.1%

5.3%

6.8% 3.1%

3.7%

58.8%

White

Black –Caribbean

Black –African

Black –other

Asian –Indian

Asian –Pakistani

Asian –Bangladeshi

Chinese

Other

I‘d prefer

not to answer



Demographics

Subject studied

Those wishing to work in investment banking and investment are most likely to study business andadministrative studies; economics and politics; or mathematical sciences.

Graduation yearStudents in the final year of their degree are marginally more likely to be interested in this sector.Worryingly for a sector where early experience and applications are crucial, students in the first stages oftheir degree (ie those graduating in 2009 or later) are now slightly less likely than average to be interestedin investment banking and investment.


0%

5%

10%

15%

20%

25%

Agriculture, veterinary

sciences & related subjects

Architecture, building

& planning

Biological sciences

Computer science

Creative arts & design

Economics & politics

Education

Engineering & technology

English

Geography &

environmental sciences

Historical &

philosophical studies

Languages

LawM

ass comm

unications &

documentation

Mathem

atical sciences

Medicine, dentistry &

related subjects

Psychology

Physical sciences

Social studies

Other

0.6%

0.3%

1.3% 0.8%

6.8%3.6%

Business and

administrative studies

10.5%

21.5%

4.6%

4.8%

2.0% 0.3%

4.8

%

15.2

%

1.5% 0.3%

8.6% 7.7%

4.9%

1.0%

4.2%

1.9%

6.9%

3.5%

4.3%

1.5%

6.7%

8.9%

0.8%

0.1%

5.3%

13.7%

6.4%

3.0%

4.1%

0.8%

5.1% 4.2%

4.1%

6.7%

4.9%

2.3%


0%

10%

20%

30%

40%

50%

2005 or

before

2006

20072008

1.9%

1.6%

2.2%

1.8%

10.0%

8.8%

44.9%

47.3%

2009or after

41.1%

40.6%



Job seeking and attitudes towards organisations in the investment banking and investment sector


Respondents’ views of the current market conditionsFor the first time in the history of this survey, we askedstudents about their confidence in the market.Respondents were asked to rate their view of currentmarket conditions as ‘healthy’, ‘reasonable’ or ‘tough’. 59per cent of those surveyed responded to this question andthe views of those interested in investment banking andinvestment broadly mirrored the overall sample.Respondents have mixed views about current market

conditions – over a third feel that conditions are tough,while 45 per cent feel that conditions are reasonable. Only20 per cent feel that current market conditions are healthy– although those interested in investment banking andinvestment are somewhat more likely than average tothink that market conditions are healthy, and less likely tothink that conditions are tough.

How much have you looked into a career after university?


0%

10%

20%

30%

40%

50%

Healthy

Reasonable

Tough

18%

20%

45%

45%

37% 35%

Those who wish to work in investment banking andinvestment are likely to be at a later stage of the job-huntingprocess than the overall sample. They are motivatedapplicants who are significantly more likely to have startedapplying for jobs or to have actually secured a job than thoseinterested in other areas.

The high percentage of respondents who have alreadysecured a job also indicates that graduate hiring in thissector has remained strong despite worries about theeconomic climate.

Other industries that those wanting to work ininvestment banking and investment are interested inIndustry % interested

Accountancy and professional services 44%Insurance, retail banking and financial services 35%Consulting 25%Scientific research and development 13%Advertising, promotion and marketing 12%Public sector 12%Law – solicitors 11%IT and information management 10%Engineering, design and manufacturing 8%Law – barristers 6%Media, publishing or printing 6%Property 5%Hospitality, leisure and tourism 3%Retail 3%Construction and civil engineering 2%

Students wishing to work in investment banking andinvestment are also, quite naturally, interested in a widerange of other career sectors – particularly other areas offinance, such as accountancy and professional services,and insurance, retail banking and financial services. Aquarter of respondents interested in banking andinvestment are also drawn to the consulting sector.


0%

5%

10%

15%

20%

25%

30%

35%

40%

Not started looking

Done a little research

Done a lot of research

Started applying

Done a lot of research

and attended event

13.6% 9.4%

37.6%

30.1%

11.9% 9.1% 7.5%

11.5%

14.3%

18.9%

Secured a job

15.2%

21.1%




Organisations heard of% heard of Number Organisation

55% 1,051 Bank of England45% 861 Barclays Capital42% 813 Bank of America41% 783 Bloomberg40% 779 HSBC Investment Bank40% 771 The Royal Bank of Scotland38% 732 Deutsche Bank38% 732 AXA Investment Managers37% 716 JPMorgan37% 705 Morgan Stanley36% 700 ABN AMRO35% 672 Citi35% 668 Barclays Global Investors34% 653 Goldman Sachs33% 639 Alliance Trust32% 623 Credit Suisse32% 613 Merrill Lynch30% 574 Barclays Wealth29% 558 BNP Paribas27% 523 UBS25% 482 Lehman Brothers24% 472 Standard Life Investments 22% 429 BlackRock22% 417 Scottish Widows Investment Partnership21% 408 Rothschild20% 384 Bear Stearns International Ltd20% 378 Teach First19% 361 Dresdner Kleinwort

% heard of Number Organisation

19% 358 Standard Chartered Bank 18% 356 Fidelity International17% 334 Baillie Gifford17% 334 Schroders17% 333 Fortis16% 312 Mercer Investment Consulting15% 298 CIBC World Markets15% 296 RBC Capital Markets14% 271 ICAP14% 261 Lazard13% 247 Fitch Ratings12% 239 Macquarie Bank12% 225 Nomura12% 223 DE Shaw & Co11% 218 KBC Financial Products11% 217 M&G Investments11% 214 Greenhill10% 198 Henderson Global Investors9% 180 WestLB AG9% 168 Threadneedle Investment9% 167 Insight Investment8% 163 Liquid Capital7% 142 Morley Fund Management7% 140 Fox-Pitt, Kelton7% 139 GAM7% 137 Martin Currie6% 122 Marshall Wace

The organisation with the highest awareness rating among those wishing to work in this area is the Bank of England – 55 per cent of those wishing to work in investment banking and investment (a total of 1,051 respondents) have heard of the organisation.



Organisations heard of and applied to% applied to Number Organisation

11% 203 Goldman Sachs10% 202 Barclays Capital10% 188 Deutsche Bank10% 185 JPMorgan9% 179 Credit Suisse9% 177 Citi9% 170 Morgan Stanley8% 162 Merrill Lynch7% 139 UBS7% 132 HSBC Investment Bank7% 129 Lehman Brothers6% 114 ABN AMRO6% 113 Bank of America6% 112 The Royal Bank of Scotland5% 93 BNP Paribas4% 84 Dresdner Kleinwort4% 82 Bear Stearns International Ltd3% 59 Barclays Global Investors3% 56 Nomura3% 55 Rothschild3% 50 Bank of England2% 45 Barclays Wealth2% 44 BlackRock2% 44 Bloomberg2% 44 Lazard2% 44 WestLB AG2% 41 Macquarie Bank2% 38 RBC Capital Markets

% applied to Number Organisation

2% 37 Fidelity International2% 36 KBC Financial Products2% 36 Schroders2% 34 Baillie Gifford2% 32 AXA Investment Managers1% 25 ICAP1% 25 M&G Investments1% 25 Standard Chartered Bank 1% 24 CIBC World Markets1% 21 Alliance Trust1% 21 Fortis1% 20 DE Shaw & Co1% 20 Greenhill1% 19 Mercer Investment Consulting1% 19 Morley Fund Management1% 18 Teach First1% 18 GAM1% 17 Martin Currie1% 16 Standard Life Investments 1% 15 Marshall Wace1% 15 Fitch Ratings1% 14 Fox-Pitt, Kelton1% 14 Threadneedle Investment1% 13 Scottish Widows Investment Partnership1% 13 Insight Investment1% 10 Henderson Global Investors<1% 9 Liquid Capital

Although the Bank of England is the organisation with the highest levels of awareness, the highest percentage ofrespondents have heard of and applied to Goldman Sachs, Barclays Capital, Deutsche Bank and JPMorgan.





Organisations that would be one of respondents’ first choices% one of my first choices Number Organisation

14% 267 Goldman Sachs12% 236 JPMorgan11% 220 Morgan Stanley9% 183 Merrill Lynch9% 180 Deutsche Bank9% 171 HSBC Investment Bank9% 169 Citi9% 167 Barclays Capital7% 142 UBS7% 139 Credit Suisse7% 128 Lehman Brothers6% 122 Bank of England6% 119 ABN AMRO6% 111 The Royal Bank of Scotland5% 104 Bank of America4% 85 Barclays Global Investors3% 66 Bloomberg3% 60 Barclays Wealth3% 56 BNP Paribas2% 47 Standard Chartered Bank 2% 46 Dresdner Kleinwort2% 41 Bear Stearns International Ltd2% 41 Rothschild2% 37 AXA Investment Managers2% 36 Alliance Trust2% 34 BlackRock2% 32 Nomura1% 28 Teach First1% 27 Fidelity International1% 26 Baillie Gifford

% one of my first choices Number Organisation

1% 25 Greenhill1% 23 Lazard1% 23 RBC Capital Markets1% 23 Schroders1% 22 Standard Life Investments 1% 21 ICAP1% 20 Macquarie Bank1% 19 Fortis1% 18 Scottish Widows Investment

Partnership1% 18 Morley Fund Management1% 17 Martin Currie1% 17 M&G Investments1% 17 CIBC World Markets1% 16 DE Shaw & Co1% 16 Mercer Investment Consulting1% 16 WestLB AG1% 15 Henderson Global Investors1% 15 KBC Financial Products1% 12 Fitch Ratings1% 12 Threadneedle Investment<1% 11 Fox-Pitt, Kelton<1% 10 Insight Investment<1% 9 Liquid Capital<1% 8 Marshall Wace<1% 8 GAM

Goldman Sachs is the organisation that students in this area most want to work for – 14 per cent state that it would be a firstchoice employer. This is closely followed by JPMorgan and Morgan Stanley.



% one of several choices Number Organisation

13% 241 Barclays Capital11% 207 JPMorgan10% 200 HSBC Investment Bank10% 197 Morgan Stanley10% 196 Deutsche Bank10% 189 Citi10% 188 Bank of England10% 184 The Royal Bank of Scotland9% 183 Credit Suisse9% 170 Bank of America8% 161 Merrill Lynch8% 153 Barclays Global Investors8% 153 ABN AMRO8% 152 Goldman Sachs8% 149 UBS7% 131 Bloomberg7% 130 Lehman Brothers6% 123 Barclays Wealth6% 113 BNP Paribas5% 101 AXA Investment Managers5% 89 Dresdner Kleinwort5% 87 Bear Stearns International

Ltd4% 84 Alliance Trust4% 77 Rothschild4% 71 BlackRock3% 62 RBC Capital Markets3% 61 Fidelity International3% 57 Schroders3% 55 Standard Life Investments

% one of several choices Number Organisation

3% 54 Lazard3% 51 CIBC World Markets3% 51 Standard Chartered Bank 2% 48 Baillie Gifford2% 47 Mercer Investment Consulting2% 47 Nomura2% 46 Scottish Widows Investment

Partnership2% 40 Teach First2% 40 WestLB AG2% 40 Macquarie Bank2% 40 ICAP2% 37 KBC Financial Products2% 35 Fortis2% 33 M&G Investments1% 28 Fitch Ratings1% 26 DE Shaw & Co1% 24 Greenhill1% 23 Henderson Global Investors1% 23 Insight Investment1% 23 Threadneedle Investment1% 18 Liquid Capital1% 17 GAM1% 16 Martin Currie1% 15 Morley Fund Management1% 14 Marshall Wace1% 14 Fox-Pitt, Kelton

The ranking of organisations that would be ‘one of several’ that respondents would consider working for broadly reflects thelist of organisations that respondents have heard of.


Organisations that would be one of several considered by respondents




Organisations that respondents would not consider working for

% would not consider Number Organisation

7% 143 Bank of England6% 118 AXA Investment Managers6% 118 Bloomberg6% 113 Bank of America6% 108 Teach First5% 103 The Royal Bank of Scotland5% 97 Alliance Trust5% 92 Barclays Capital5% 91 Standard Life Investments 4% 86 Deutsche Bank4% 84 BNP Paribas4% 78 Scottish Widows Investment

Partnership4% 77 ABN AMRO4% 76 HSBC Investment Bank4% 72 Citi4% 71 Credit Suisse4% 71 Barclays Global Investors4% 60 Rothschild3% 58 Merrill Lynch3% 57 Barclays Wealth3% 56 BlackRock3% 54 Standard Chartered Bank 3% 53 Schroders3% 51 Goldman Sachs3% 51 Fortis3% 50 UBS3% 49 JPMorgan3% 49 Fidelity International

% would not consider Number Organisation

2% 48 Morgan Stanley2% 47 Baillie Gifford2% 44 Dresdner Kleinwort2% 44 Fitch Ratings2% 43 Bear Stearns International Ltd2% 42 CIBC World Markets2% 39 ICAP2% 39 Mercer Investment Consulting2% 39 RBC Capital Markets2% 38 Lazard2% 36 Lehman Brothers2% 35 Greenhill2% 33 DE Shaw & Co2% 33 Macquarie Bank2% 30 KBC Financial Products2% 29 M&G Investments1% 28 Nomura1% 27 Morley Fund Management1% 26 WestLB AG1% 25 Threadneedle Investment1% 23 Henderson Global Investors1% 22 Fox-Pitt, Kelton1% 20 Liquid Capital1% 19 GAM1% 18 Martin Currie1% 17 Marshall Wace1% 15 Insight Investment

Seven per cent of respondents would not consider working for the Bank of England. However, the overall percentage ofstudents who would not consider jobs with certain organisations has fallen from last year, indicating that students areincreasingly keen to keep their options open.



% heard of and rated excellent Number Organisation

18% 354 Goldman Sachs14% 268 JPMorgan10% 194 Morgan Stanley9% 178 Deutsche Bank8% 160 Barclays Capital8% 149 Merrill Lynch7% 127 HSBC Investment Bank6% 120 Citi6% 116 Bank of England6% 110 The Royal Bank of Scotland5% 99 UBS5% 94 ABN AMRO5% 90 Credit Suisse4% 84 Lehman Brothers3% 67 Bank of America2% 41 Barclays Global Investors2% 36 Bloomberg2% 33 Alliance Trust2% 29 BNP Paribas2% 29 Teach First1% 25 AXA Investment Managers1% 22 Barclays Wealth1% 17 BlackRock1% 15 Baillie Gifford1% 15 Dresdner Kleinwort1% 14 Fidelity International1% 13 Bear Stearns International

Ltd1% 12 CIBC World Markets

% heard of and rated excellent Number Organisation

1% 12 Standard Chartered Bank 1% 12 Rothschild1% 11 Standard Life Investments 1% 11 Lazard1% 10 ICAP<1% 6 DE Shaw & Co<1% 6 KBC Financial Products<1% 6 Scottish Widows

Investment Partnership<1% 4 RBC Capital Markets<1% 4 Schroders<1% 4 Nomura<1% 4 Martin Currie<1% 4 Fortis<1% 4 Greenhill<1% 3 Mercer Investment

Consulting<1% 3 M&G Investments<1% 3 Fitch Ratings<1% 2 Fox-Pitt, Kelton<1% 2 Morley Fund Management<1% 1 WestLB AG<1% 1 Threadneedle Investment<1% 1 GAM<1% 1 Henderson Global Investors<1% 1 Insight Investment<1% 1 Macquarie Bank

Goldman Sachs is seen by nearly 18 per cent of respondents as having an excellent reputation for providing quality workexperience and internships, just ahead of JPMorgan.


Organisations that respondents have heard of and rate excellent for work experience and internships




Organisations with the highest profile on campusRegardless of which organisations students most wanted to work for, we also asked them to tell us which employers in theinvestment banking and investment sector have the highest profile on campus. This provides a simple measure of thevisibility of employer brands on campus.

% highest profile Number Organisation

14% 263 Goldman Sachs11% 206 JPMorgan8% 154 Barclays Capital7% 140 Morgan Stanley7% 132 Deutsche Bank7% 128 Merrill Lynch6% 106 The Royal Bank of Scotland5% 104 UBS5% 101 HSBC Investment Bank5% 89 Citi5% 87 Bank of England2% 48 Credit Suisse2% 46 ABN AMRO2% 39 Lehman Brothers2% 36 Teach First2% 33 Bank of America2% 33 Bloomberg1% 22 Barclays Global Investors1% 21 Alliance Trust1% 20 AXA Investment Managers1% 18 Barclays Wealth1% 16 BNP Paribas1% 14 Baillie Gifford<1% 10 BlackRock<1% 7 Dresdner Kleinwort<1% 7 Standard Life Investments

% highest profile Number Organisation

<1% 6 Schroders<1% 5 Fidelity International<1% 5 Rothschild<1% 4 ICAP<1% 4 Standard Chartered Bank <1% 3 CIBC World Markets<1% 2 Fitch Ratings<1% 2 Bear Stearns International Ltd<1% 2 KBC Financial Products<1% 2 Lazard<1% 2 DE Shaw & Co<1% 2 Greenhill<1% 2 Nomura<1% 2 Mercer Investment Consulting<1% 2 Scottish Widows Investment

Partnership<1% 2 WestLB AG<1% 1 M&G Investments<1% 1 Henderson Global Investors<1% 1 Insight Investment<1% 1 Fortis<1% 1 Fox-Pitt, Kelton<1% 1 GAM

Goldman Sachs is also the organisation that is perceived by the most students as having the highest profile on campus – thisis closely followed by JPMorgan.



Respondents were asked to rate the importance of differentfactors in terms of how the factors would affect their decisionof whether or not they would like to work for a particularorganisation. Respondents were asked to rank each factor ona scale of ‘very important’ to ‘very unimportant’. The tableabove shows the percentage of respondents who namedfactors as ‘very important’ when deciding which organisationto work for.

Salary and benefits are the most important considerationfor those wishing to start careers in investment banking andinvestment. They also place more importance on thereputation of an organisation and its training anddevelopment opportunities than those interested in othersectors. They attach less importance to work/life balance andenvironmental policies than the overall sample.


0%

10%

20%

30%

40%

50%

26.2%

22.0%

26.3%

32.3%24.7%

23.2%

21.7%

25.6%18.5%

15.3%

12.2% 8.2%

11.1% 7.4%

6.6%

30.2%

Work/life balance

Training and development

opportunities

Salary and other benefits

Location

Reputation and

organisation

Organisational culture

People met during

recruitment process

The organisation’s

environmental policies


Very important factors in deciding whether you would like to work for an employer



TARGETjobs National Graduate Recruitment Awards 2008 – Banking and investment

The fourth TARGETjobs National Graduate Recruitment Awards, celebrating excellence in graduate marketing and recruitment,was held at the London Hilton on Park Lane on Thursday 15 May 2008 and was the largest ever, with more student votes, moresponsors and more people attending on the night. There were 16 awards, including new awards recognising innovation oncampus and diversity. Of the 16 awards, eight were sector awards voted for by students, six were nominated by recruiters ortheir agencies, one was voted for by careers services and the final, special award honoured the graduate employer of the year.We welcomed new media partners this year in the Guardian who promoted the TARGETjobs Awards in the months leading up tothe big night and published a major feature about the event shortly afterwards. For a complete list of award winners and formore information about the event please visit www.targetjobsawards.co.uk

Ranking and points for the investment banking and investment sectorRank Organisation Points

1 Goldman Sachs 4,6122 JPMorgan 4,5023 Barclays Capital 4,3204 Morgan Stanley 4,2305 Deutsche Bank 4,0246 Citi 3,7827 Merrill Lynch 3,6548 HSBC Investment Bank 3,5809 Credit Suisse 3,52610 UBS 3,06211 The Royal Bank of Scotland 2,84212 Lehman Brothers 2,78413 ABN AMRO 2,74814 Bank of America 2,67215 Bank of England 2,51216 Barclays Global Investors 2,03217 BNP Paribas 1,87618 Bloomberg 1,70819 Barclays Wealth 1,58820 Dresdner Kleinwort 1,56021 Bear Stearns International Ltd 1,52622 Rothschild 1,24223 AXA Investment Managers 1,19424 BlackRock 1,09625 Nomura 99426 Alliance Trust 98227 Fidelity International 89028 RBC Capital Markets 884

Rank Organisation Points

29 Standard Chartered Bank 88030 Lazard 85031 Schroders 82632 Baillie Gifford 78833 Macquarie Bank 74834 WestLB AG 72435 KBC Financial Products 68036 Standard Life Investments 64437 CIBC World Markets 64238 ICAP 61639 Mercer Investment Consulting 60840 Fortis 59041 M&G Investments 55442 Scottish Widows Investment Partnership 54443 Greenhill 51044 Teach First 47845 DE Shaw & Co 46046 Martin Currie 39647 Morley Fund Management 39248 Fitch Ratings 38649 Henderson Global Investors 37650 Threadneedle Investment 36451 Insight Investment 35852 GAM 33253 Marshall Wace 29854 Fox-Pitt, Kelton 29255 Liquid Capital 274

The online questionnaire used to gather information for the TARGETjobs National Graduate Recruitment Awards includedquestions asking respondents which organisations they had heard of within certain sectors. Respondents who stated they hadheard of an organisation were then asked to what extent they would like to work for that organisation. They were able to gradetheir responses from ‘It would be one of my first choices’ to ‘I would not consider working for them’. A point scoring system wasthen used in order to rank the organisations – for example 8 points were awarded to an organisation if a respondent stated thatit would be one of their first choices and 2 points were deducted if a respondent stated that they would not consider working forthat organisation. Organisations were then ranked according to the number of points achieved.



TARGETjobs National Graduate Recruitment Awards 2008 – Banking and investment

This list looks at the relative positions of firms featured in this report according to their final positions in the TARGETjobsNational Graduate Recruitment Awards 2007 and 2008. Please note that comparability relies on organisations being listed inboth 2007 and 2008 and therefore we include only those organisations appearing in both years’ surveys.

Organisation Rank 2007 Rank 2008 Change

Baillie Gifford 41 32 +9Alliance Trust 30 26 +4Barclays Capital 7 3 +4Nomura 27 25 +2ABN AMRO 14 13 +1JPMorgan 3 2 +1KBC Financial Products 36 35 +1Merrill Lynch 8 7 +1The Royal Bank of Scotland 12 11 +1Bank of England 15 15 0Credit Suisse 9 9 0Goldman Sachs 1 1 0UBS 10 10 0Bank of America 13 14 -1BNP Paribas 16 17 -1Citi 5 6 -1Deutsche Bank 4 5 -1Lehman Brothers 11 12 -1AXA Investment Managers 21 23 -2Bear Stearns International Ltd19 21 -2Fidelity International 25 27 -2HSBC Investment Bank 6 8 -2Morgan Stanley 2 4 -2Teach First 42 44 -2Dresdner Kleinwort 17 20 -3

Organisation Rank 2007 Rank 2008 Change

CIBC World Markets 33 37 -4M&G Investments 37 41 -4Rothschild 18 22 -4Threadneedle Investment 46 50 -4RBC Capital Markets 23 28 -5Standard Life Investments 31 36 -5DE Shaw & Co 39 45 -6Fox-Pitt, Kelton 48 54 -6ICAP 32 38 -6Insight Investment 45 51 -6WestLB AG 28 34 -6Morley Fund Management 40 47 -7Macquarie Bank 24 33 -9Lazard 20 30 -10Liquid Capital 44 55 -11Mercer Investment Consulting 26 39 -13Scottish Widows 29 42 -13Investment Partnership

Compare your position in 2008 with 2007 using the table above. For example, you can see that Baillie Gifford has improved itsranking the most by gaining 9 places from position 41 in 2007 to position 32 this year.



Group GTI Group GTI is Europe’s leading specialist graduate careerspublisher and a leading player in the Far East. We haveoffices in the UK, France, Germany, Ireland, Malaysia,Singapore and China, producing over 100 innovative careersproducts a year. In the UK we publish under the TARGETjobsbrand, which includes the targetjobs.co.uk graduate jobsitewith complementary sector-specific annual titles, termlymagazines and annual directories. Group GTI also works with28 universities and business schools to provide their CareersService Guides and produces the gradireland portfolio inpartnership with Graduate Careers Ireland (GCI). For thosestudents considering further study we havetargetcourses.co.uk and postgraduate fairs in the Midlandsand Scotland. We run a series of focused and uniquerecruitment events under our established TARGETchancesbrand and, of course, the TARGETjobs National GraduateRecruitment Awards. For more information visitwww.groupgti.com.

TARGETjobs – the leading careers brandin the UK

TARGETjobs City & Finance

One of 13 TARGETjobs titles in the UK’smost comprehensive sector series of in-depth careers publications and websitesat targetjobs.co.uk providing the

ultimate read for students considering a career infinance.

targetjobs.co.ukLaunched in autumn 2007,targetjobs.co.uk is the UK’sfastest growing graduatejobsite with more immediatejobs and more employerprofiles than any othergraduate site. Benefiting

hugely from the strength of the TARGETjobs brand,targetjobs.co.uk also enjoys a unique and exclusiverelationship with UCAS Media and is the official careerscontent provider for yougofurther.

TARGETjobs National Graduate Recruitment Awards2009

The fifth TARGETjobs National Graduate RecruitmentAwards will take place in May 2009 at the London Hiltonon Park Lane. Book a table now or nominate yourorganisation for an award. In addition there are uniquesponsorship opportunities available. Contact SimonRogers at GTI on +44 (0)20 7785 6977 for moreinformation or visit www.targetjobsawards.co.uk

Sponsors

Special awardsupported by

Research partner

Charity

Founder sponsor

Media partner

For further information about the TARGETjobs NationalGraduate Recruitment Awards please contact Simon Rogersat GTI Specialist Publishers on +44 (0)20 7785 6977 or e-mail: [email protected]

TARGETjobs, GTI Specialist PublishersThe Barns, Preston CrowmarshWallingford OX10 6SL, UK

Tel +44 (0)1491 826262Fax +44 (0)1491 826401CHINA • FRANCE • GERMANY • IREL AND • MAL AYSIA • UK

TARGETjobs Employer of choice graduate survey 2008 is made up of 16 sector reports:AccountancyAdvertising & marketingConstruction & civil engineeringConsultingEngineering, design & manufacturingHospitality, leisure & tourismInsurance, retail banking & financial servicesInvestment banking & investmentITLaw – solicitorsLaw – barristersMediaPropertyPublic sectorRetailScience

Investment banking

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Transcript of Investment banking