Many young people who want to pursue a career in investment banking don’t know the differences between investment banks and simply apply to all banks to increase their chances of securing an internship or job. However, it is crucial to take into consideration the culture and the performance of the company before joining it to maximize your growth opportunities and reduce the likelihood of becoming unemployed after a short period (e.g, by joining Credit Suisse in 2022 or Deutsche Bank in 2023). The rankings in this post can help you make a more informed decision when it comes to deciding on which bank to join. Certainly, you should also take into account other important factors like location, product and the team.
Ranking of investment banks based on market shareRank
Bank
Fees ($m), 2022
1
JP Morgan
6,922.26
2
Goldman Sachs & Co
6,503.71
3
BofA Securities Inc
5,515.92
4
Morgan Stanley
4,610.54
5
Citi
3,960.06
6
Barclays
2,831.05
7
Credit Suisse
2,227.31
8
Wells Fargo & Co
2,031.59
9
CITIC
1,900.38
10
RBC Capital Markets
1,728.88
Total
108,356.74
Ranking of investment banks based on 5-year revenue growthRank
Bank
Annual growth rate
1
CITIC
14.97%
2
Goldman Sachs & Co
9.58%
3
RBC Capital Markets
8.67%
4
Morgan Stanley
8.60%
5
JP Morgan
7.73%
6
Barclays
6.98%
7
BofA Securities Inc
4.74%
8
Citi
3.86%
9
Wells Fargo & Co
-1.72%
10
Credit Suisse
-6.40%
Data source: FT.com
It is clear that big US banks like JP Morgan and Goldman Sachs dominate the investment banking industry. China International Trust Investment Corporation is the fastest-growing big bank in the world. This shouldn’t surprise us too much given the growing importance of China in the world. Credit Suisse and Wells Fargo are the big losers and should be (have been) avoided. Citibank also doesn’t seem to be in a very strong position.
I hope that you find these rankings useful.