Goldman Sachs ranks as most prestigious despite scandal
Big bonuses pay off.Despite its tarnished public image, Goldman Sachs is the No. 1 most prestigious banking employer in Asia, North America and Europe, according to Vault rankings that look at name recognition, reputation and bonus structure. “Goldman has survived the worst of the financial crisis and is back doing what it does best: making boatloads of money,” said Derek Loosvelt, Vault finance editor, in a statement of the Asia-Pacific rankings. Firms were not permitted to rank themselves, so praise for Goldman Sachs comes from employees of competing companies. In Vault’s most recently released Asia-Pacific rankings, J.P. Morgan closely tails Goldman Sachs. Goldman Sachs declined to comment Tuesday.