Investment Banking Industry University of Illinois at Urbana-Champaign University of Illinois at Urbana-Champaign Mike Blackhall Naoko Iida Joseph Kim

WHAT IS OUT THAT DOOR?

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

Background, cont. n Why research employment pages? –This is the best way to begin your career search –They are very accessible –They are easy to compare

Project Purpose n The goal is to utilize a company’s 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 n the better the employment page the better the company will be to work for

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

Survey (six questions) n How accessible is the employment page? n Is the employ page user friendly? n How well does the employment page influence you? n How visually helpful is the employment page? n How responsive is the web page to typical question? n How specific is the employment page in its career ads?

Competitive Analysis n How accessible is the employment page?

Competitive Analysis, cont. n Is the employ page user friendly?

Competitive Analysis, cont. n How well does the employment page influence you?

Competitive Analysis, cont. n How visually helpful is the employment page?

Competitive Analysis, cont. n How responsive is the web page to typical question?

Competitive Analysis, cont. n How specific is the employment page in its career ads?

Competitive Analysis, cont. n Overall

How did we rate the companies? n 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

Fringe Benefits (50% of the calculation) n 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) n (Fringe Benefit Rating of Each Company / The Highest Fringe Benefit Rating) –This yields the needed percentage

Professional Analysts (50% of the calculation) n We used: –Duff & Phelps –Standard & Poors –Moody’s Investors Service n Converted their alphabetical systems into numerical systems

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

The Final Company Ratings J.P. Morgan 94.00% Workability Morgan Stanley 91.45% Workability Bearstearns & Co % Workability Goldman, Sachs, & Co % Workability Lehman Brothers 87.00% Workability n This is the sum of the two percentage which are divided by two

A regression produced the following correlations

Correlation Analysis n 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?

Summary n 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.