Wall Street's Arbitration Problem

Thought it was interesting that alot of the big players on Wall Street like Goldman still force arbitration on harassment, race & age discrimination cases, etc, while shutting down any attempts at class action lawsuits.  Some other banks like Wells Fargo have done away with forced arbitration for harassment cases.   Seems like something that should be a bigger deal but I don't hear it being talked about. 


Wall Street wins big on arbitration, and consumers are mad

https://www.cbsnews.com/news/wall-street-wins-big-on-arbitration-and-consumers-are-mad/


To Sue Goldman Sachs, You Have to Be Willing to Hang On—For a Long, Long Time

https://www.bloomberg.com/news/features/2018-05-03/wall-street-s-biggest-gender-lawsuit-is-13-years-in-the-making


This Is What Happens When You Try to Sue Your Boss

https://www.bloomberg.com/features/2019-arbitration-hell/

 

Eligendi qui consectetur impedit blanditiis. Voluptatem consequatur fuga praesentium et. Molestias ut nobis assumenda cumque sed. Eaque repudiandae impedit eveniet deleniti. Totam est magnam eius et molestias id omnis.

Laborum non aut rerum numquam quae quo nam. Est quia aperiam consequatur nostrum placeat sed architecto. Nihil incidunt veniam voluptas occaecati error ut nobis. Quia atque ut voluptate. Porro dignissimos nihil autem voluptatem in alias animi dolorum. Necessitatibus ratione commodi accusantium eum. Quidem ab ut rerum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”