Finance professionals voted JP Morgan as the ideal employer
globally, according to a new report from our financial services-focused site, eFinancialCareers. Goldman
Sachs came in second, but more interestingly, tech titan Google rounded out the top three.
The fact that Google beat out other top financial institutions
such as Morgan Stanley and Citibank in a survey among professionals who hold
Wall Street jobs is a clear nod to the increasingly important role tech firms
play in employing finance professionals and rising value fintech is playing in
the market. Tech skills are transferable and as all companies become tech
companies, this could signal a challenge for Wall Street firms that may not
have the draw that tech companies like Google, Facebook (#15 on our list),
Apple (#16) and Amazon (#26) have. There’s no denying the tech firms are known
for their perks and cutting-edge projects.
Google has been called an ideal employer by a variety of
studies over the past few years, and it’s no secret technology, and talented
technology professionals, power the innovative new products from the giant. DHI
and its tech career site Dice have even worked with Google testing one of its newest services.
Wall Street has long been a pioneer in technology innovation,
with firms leveraging the work produced by highly skilled tech professionals to
gain a competitive edge in the marketplace. In eFinancialCareers’ survey, every
tech occupation aside from Business Analysts and Program Managers selected
Google as their top choice. Fintech pros with cybersecurity and project
management were the most apt to choose Google as their ideal employer.
While tech companies are known for the cool factor, Wall
Street has always traditionally been associated with outsized pay and big
bonuses – and while it’s not the top reason professionals choose this sector,
it’s important. Finance professionals said interesting work (85% said it’s
important) was most first criteria for selecting their ideal organizations to
work, with competitive salary (84%) coming in a close second. Other key factors
include opportunities for promotion (81%), positive organizational structure
(78%) and strong executive leadership (75%).
If one message is clear for Wall Street (or any employer
recruiting finance professionals), it’s this: offer talent challenging projects
and talent will give you marketable products. Of course, whether you’re Google,
JP Morgan or any other employer, never underestimate the power good talent
brings to an organization. Recognize people as your most valuable asset and
you’ll be sure to gain that critical edge over the competitor down the (Wall)