This is an addendum to an earlier post. Today I received an additional offer from a top BB Asset Management group. All of my other offers are Sales and Trading.
My impression is that AM is more stable, but that the corresponding reward is significantly higher in trading. I've considered the possiblility of transitioning for the AM to the S&T division, but according to my contacts at the firm, this is very difficult.
Given this information, should i pursue a straight up S&T internship at MS or
DB, or take this top notch AM offer and hope to transition someday?
Definitely easier for you to transition from S&T to AM than the other way around, because you go from a specific product to a much broader role that way. So I would take the S&T now while you're just out of school and then move to AM if it doesn't work out for some reason. And I would go DB over MS for S&T as a lot of other people on here have said.
group-dependent; http://www.bloomberg.com/news/2011-01-25/blankfein-flunks-asset-managem… for your consideration
to be honest you don't often see transitions from s&t to AM even in the same bank; to clear up a perception ont his board most people in AM tend to have started there... there are a ton of people from the sell-side looking to break in and spots are really limited and ex-sell-side guys aren't necessarily always the first pick.
I saw the opening post and I was just about to write this... I got the bloomberg magazine on my desk this afternoon and reading through it with shock... the opening poster should siriously consider going into a flunking catastrophe-to-happen....
It depends on the role within AM. If you actually get to work in the portfolio management group, GSAM is pretty good. Otherwise, S&T is better.
OP do you mind PM'ing what group you got the offer for? Thanks.
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