Investment Banking Industry

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Investment Banking Industry

• University of Illinois at Urbana-Champaign
• Mike Blackhall
• Naoko Iida
• Joseph Kim

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WHAT IS OUT THAT DOOR?
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Background

• Why choose the Investment Banking Industry?
• This industry recruits highly from the University
  of Illinois
• J.P. Morgan
• Bearstearns Co.
• Goldman, Sachs, Co.
• Morgan Stanley Dean Witter
• Lehman Brothers

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Background, cont.

• Why research employment pages?
• This is the best way to begin your career search
• They are very accessible
• They are easy to compare

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Project Purpose

• The goal is to utilize a companys employment
  page to its full potential by showing how the
  page can depict how good or bad the company is to
  work for
• Our hypothesis
• the better the employment page the better the
  company will be to work for

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Surveys

• Why Surveys?
  
• To simulate the way actual University students
  would rate these employment pages
• Effective way to obtain honest information

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Survey (six questions)

• How accessible is the employment page?
• Is the employ page user friendly?
• How well does the employment page influence you?
• How visually helpful is the employment page?
• How responsive is the web page to typical
  question?
• How specific is the employment page in its career
  ads?

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Competitive Analysis

• How accessible is the employment page?

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Competitive Analysis, cont.

• Is the employ page user friendly?

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Competitive Analysis, cont.

• How well does the employment page influence you?

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Competitive Analysis, cont.

• How visually helpful is the employment page?

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Competitive Analysis, cont.

• How responsive is the web page to typical
  question?

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Competitive Analysis, cont.

• How specific is the employment page in its career
  ads?

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Competitive Analysis , cont.

• Overall

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How did we rate the companies?

• We incorporated the fringe benefits of each
  company with the financial ratings given by
  professional analysts together to form a
  percentage of workability for each company

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Fringe Benefits(50 of the calculation)

• Wage (average starting salary/10,000)
  Health Benefits (Full 2, Partial 1, None 0)
  
  Dental Benefits (Full 2, Partial 1,
  None 0)
  Job Security (average number of
  years employed at firm/5)
• (Fringe Benefit Rating of Each Company / The
  Highest Fringe Benefit Rating)
• This yields the needed percentage

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Professional Analysts(50 of the calculation)

• We used
• Duff Phelps
• Standard Poors
• Moodys Investors Service
• Converted their alphabetical systems into
  numerical systems

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Converted Ratings

• Add the numerical ratings given by the three
  analyst firms and divide them by the company with
  the highest rating

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The Final Company Ratings

• J.P. Morgan 94.00 Workability
• Morgan Stanley 91.45 Workability
• Bearstearns Co. 91.30 Workability
• Goldman, Sachs, Co. 91.30 Workability
• Lehman Brothers 87.00 Workability
• This is the sum of the two percentage which are
  divided by two

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A regression produced the following correlations
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Correlation Analysis

• The correlation shows how good a company is to
  work for is correlated very highly with how
  highly students in the College of Commerce and
  Business Administration at the University of
  Illinois rated these questions in relation to
  companies in the field of Investment Banking
• How well does the employment page influence you?
• How responsive is the web page to typical
  questions?

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Summary

• If you are looking to start a career search in
  the business world it would be profitable for you
  to observe many employment pages and ask yourself
  the two simply questions and you may find them to
  be a helpful guide to finding the right career.