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Here are the top Wall Street firms to work for, according to LinkedIn's users

Published by Business Insider on Sat, 27 Aug 2016


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:SEE ALSO:Bryon Wien shares the most important investing advice he learned from his late mentor4. Morgan StanleyWhat: 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'Perks: Workers are encouraged to dress more comfortably, and they receive more qualitative and frequent feedback. And vice presidents get four-week paid sabbaticals.>Overall ranking: 40 (Source: LinkedIn)3. Goldman SachsWhat: 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.Perks: Expect five-star amenities such as a huge subsidized canteen, a gym with memberships that work like a progressive tax, and dry cleaner on site.Overall ranking: 27 (Source: LinkedIn)2. DeloitteWhat: 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)See the rest of the story at Business Insider
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