Advice on Two Internship Offers (GSAM & RBC S&T)

Hi everyone! I would greatly appreciate your input on two internship opportunities I have received:

  1. Goldman Sachs Asset Management - Client Solutions Group Summer 2024 internship
  2. RBC Sales and Trading Summer 2024 internship

First, I hope to provide some background information about myself and initiate a discussion on these offers. My background and major are non-finance related. During my finance recruiting journey, I sought positions that are market-facing, relationship-focused, and offer a better work-life balance than investment banking. With these criteria in mind, I applied for both sales and trading as well as asset management and wealth management internships.

Since talking with people, I have developed a strong interest in sales and trading. I appreciate the early mornings, the constant sense excitement each day brings, and the fast-paced nature of the field, which resonates with my lifelong experience as an athlete. Consequently, I was thrilled to receive the offer from RBC for the sales and trading internship. However, I also secured an opportunity at Goldman Sachs, and I cannot disregard the prestige associated with the Goldman name. This has led me to question both offers.

Should I prioritize Goldman Sachs solely because of its reputation, even though it isn't initially the industry I envisioned myself working in? Could choosing RBC limit my future career progression? I am also curious about the differences in workplace culture and experiences that people have had at these organizations. I am open to all comments and opinions you may have!

Thank you in advance for your valuable insights.

 

Congrats!

RBC S&T will be more market-facing than relationship-focused and GSAM Client Solutions Group will be mostly relationship-focused and near zero market-facing (you'd be looking at some high level portfolio/benchmark performances and top x number of drivers / detractors maximum). And to be honest, both are very reputable institutions. It really depends on how you want to build out your career over the longer period of time. S&T exits may depend on what asset class you get assigned to on your return offer but largely divided into trader role at HF/AM or climbing up the ladder in S&T. Client Solutions Group will pave into business developments where your winning investments for the GSAM guys to manage.

 
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