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Vault’s rankings reveal the best US banks for finance careers in 2024

The banking industry remains one of the most sought-after sectors for professionals looking for a dynamic and rewarding career. With lucrative rewards, diverse career options and the chance to work with some of the brightest minds in the financial world, the banking industry offers a host of attractive benefits. Whether it concerns investment banking, asset management or retail banking, the sector offers plenty of opportunities for personal and professional growth.
Vault, a renowned career platform, publishes annual rankings based on employee feedback and industry reputation. The Vault rankings provide valuable insight into which banks are considered the most prestigious to work for, helping potential employees make informed decisions. Let’s take a look at the top 10 US banks that stand out for their prestige, culture, compensation packages and career development opportunities.

Goldman Sachs & Co.
Goldman Sachs has long been the benchmark for prestige in the financial services industry. Known for its high-performance culture, cutting-edge financial services and elite clientele, Goldman Sachs tops Vault’s 2024 rankings. The company offers an exciting and challenging environment where employees are expected to drive innovative solutions. With a focus on technology, diversity and professional development, it’s no surprise that Goldman Sachs remains the bank of choice for aspiring financiers.
Goldman Sachs offers robust training programs for new hires, making it a great place for recent graduates to kick-start their careers. The company’s commitment to advancing leadership and providing international exposure is unparalleled, further cementing its position as the most prestigious U.S. bank to work for.
Morgan Stanley
Morgan Stanley has firmly established itself as one of the largest investment banks in the world. The strong emphasis on innovation, financial services and asset management has propelled the country to second place. Employees often emphasize the collaborative environment and access to world-class resources that Morgan Stanley provides. With its diverse business lines, Morgan Stanley is an ideal place for professionals looking for exposure to different areas of finance, from private equity to global capital markets.
The bank’s focus on technology and sustainability further strengthens its reputation, making it an excellent choice for those who want to work in a progressive environment.
JPMorgan
As one of the largest and most prominent banks in the world, JP Morgan offers unparalleled career prospects. With a global presence in more than 100 markets, it offers its employees opportunities to work across different regions and financial sectors. JP Morgan is known for its commitment to developing talent and offering extensive training and mentoring programs. The work culture is fast-paced and demanding, but the rewards are significant for those who excel.
JP Morgan also stands out for its competitive salary packages and a strong emphasis on work-life balance, enabling employees to achieve both career success and personal fulfillment.
Bank of America Corp.
Bank of America remains a highly respected name in the American banking industry. With a wide range of financial services including investment banking, wealth management and consumer banking, it offers employees the opportunity to diversify their skills. Bank of America has made significant progress in fostering a supportive work culture that emphasizes inclusivity, sustainability and professional development. The employee training programs are among the best in the industry and prepare employees for leadership roles.
Citi Institutional Client Group (Citi Group)
Citi’s Institutional Clients Group (ICG) is known for its global reach and diverse financial services. Citi employees benefit from exposure to a range of financial markets and clients, giving them the opportunity to work on high-profile deals and projects. Citi’s focus on career development and personal growth makes it an attractive option for professionals looking to build a long-term career in finance. The bank’s commitment to inclusivity and employee well-being further enhances its appeal.
Jefferies
Known for its focus on investment banking and capital markets, Jefferies has received significant recognition for its collaborative work environment and career development opportunities. The firm places a strong emphasis on mentorship and the development of young talent. As a mid-sized investment bank, Jefferies offers employees the opportunity to work on a wide range of projects with more senior exposure than at larger firms. The dynamic environment is ideal for people who enjoy a fast-paced and energetic workplace.
Wells Fargo & Company
Wells Fargo is a household name in the banking industry, and its reputation for promoting professional growth and diversity makes it a top contender in the Vault rankings. Wells Fargo is known for its strong innovation culture and broad range of financial services, offering opportunities in a wide range of areas. While there have been some reputational issues in recent years, Wells Fargo remains an attractive place to work for those looking for long-term stability and career growth.
Raymond James Financial, Inc.
Raymond James is highly regarded for its customer-focused approach and strong working culture. Known for its investment banking and wealth management services, it offers employees a balanced work environment where professional development is prioritized. Raymond James is especially popular with people looking for a more personal and supportive work culture than larger, impersonal financial institutions.
HSBC North America Holdings
HSBC’s North American operations provide employees with a wealth of international exposure, particularly in corporate banking and financial markets. The bank’s global reach and strong focus on employee development make it an attractive choice for those interested in working for a large multinational institution with a focus on sustainability.
BNP Paribas USA
BNP Paribas is a French banking giant with a strong presence in the US. Its emphasis on sustainable financing and a global approach to investment banking makes it an attractive option for professionals who want to work in a company that values ​​environmental, social and governance (ESG) criteria. BNP Paribas offers competitive wages, great benefits and opportunities for professional advancement, especially for those with an interest in international finance.