If you are in NY, it's GS > MQG . The difference is in Aus, where MQG is above Goldman for prestige, exit opps and staff quality - they are at the strategic coalface, not some remote satellite in a saturated market. The reverse is true for American banks. Also MQG isn't really a bank in the traditional sense. Banking is the legacy business. the majority of revenue is from asset management and where the highest performers serious are. So unlike any other, a wall street IBD doesn't have the best of the best of the firm. They are in HK running the asset management.