• Sharebar

I am very lucky to have two offers this summer as a sophomore and would like to know if anyone had any advice on how to decide between the two.

Both are in NY, and I really loved both while I went through the interview process, but am not really sure what I should be looking at in terms of how to approach this decision.

I am also only a sophomore, so I would have another summer after this one to intern at the other for example if I really did not like it, so that has also been something I've been thinking about.

Anyways any help would really be appreciated!

Thank you

Comments (40)

  • Nutry's picture

    I have already worked for McKinsey and now I am in prop trading so my 2 cents:

    - Those are very different things going on. In one you deal with the markets the other (McK) is more like investment banking in the sense of things flow by processes and are a lot more burocratic, driven by long meetings, discussions and "problem solving".

    - What do you wanna do in the long run? Do you want to be a CEO or do you want to be a trader/hedge fund guy?

    - What are you more curious about? Since this is just an internship, you can make a mistake now and it won't hurt at all. GS or McK are either awesome on your CV.

    - Do you like to travel? My aversion to traveling and not being the owner of your schedule was one of the main reasons that I left McKinsey.

    Well, I love the markets and I love to trade. Both are great options. Think about the long run and what would you want to do everyday. Even though the financial industry is going through hard times, specially S&T, I would take GS's offer just because this might be one unique opportunity and you have another shot next year. McKinsey will always be there if you talk with them the right way.

  • In reply to Nutry
    joe_monkey's picture

    Nutry wrote:
    I have already worked for McKinsey and now I am in prop trading so my 2 cents:

    - Those are very different things going on. In one you deal with the markets the other (McK) is more like investment banking in the sense of things flow by processes and are a lot more burocratic, driven by long meetings, discussions and "problem solving".

    - What do you wanna do in the long run? Do you want to be a CEO or do you want to be a trader/hedge fund guy?

    - What are you more curious about? Since this is just an internship, you can make a mistake now and it won't hurt at all. GS or McK are either awesome on your CV.

    - Do you like to travel? My aversion to traveling and not being the owner of your schedule was one of the main reasons that I left McKinsey.

    Well, I love the markets and I love to trade. Both are great options. Think about the long run and what would you want to do everyday. Even though the financial industry is going through hard times, specially S&T, I would take GS's offer just because this might be one unique opportunity and you have another shot next year. McKinsey will always be there if you talk with them the right way.

    Hey, do you mind if I ask how you broke into prop trading from consulting?

    I'm new to finance/trading/consulting, but just accepted an offer at MBB.

    Don't believe everything you think.

  • bfin's picture

    I have nothing to offer..other than congratulations....

    The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

    WSO is not your personal search function.

  • brianklk's picture

    I would go with McKinsey. It's gold on a resume and finance firms will definitely not doubt your intelligence.

    Born in hell, forged from suffering, hardened by pain.

  • Macro Arbitrage's picture

    It's times like these that I sincerely wish I had the H-bomb as part of my arsenal...

    At the same time I'm inclined towards calling this thread another troll attempt.

    In any case, you simply can't go wrong with either of them, however I'd take Goldman S&T.

  • In reply to joe_monkey
    Nutry's picture

    joe_monkey wrote:
    Nutry wrote:
    I have already worked for McKinsey and now I am in prop trading so my 2 cents:

    - Those are very different things going on. In one you deal with the markets the other (McK) is more like investment banking in the sense of things flow by processes and are a lot more burocratic, driven by long meetings, discussions and "problem solving".

    - What do you wanna do in the long run? Do you want to be a CEO or do you want to be a trader/hedge fund guy?

    - What are you more curious about? Since this is just an internship, you can make a mistake now and it won't hurt at all. GS or McK are either awesome on your CV.

    - Do you like to travel? My aversion to traveling and not being the owner of your schedule was one of the main reasons that I left McKinsey.

    Well, I love the markets and I love to trade. Both are great options. Think about the long run and what would you want to do everyday. Even though the financial industry is going through hard times, specially S&T, I would take GS's offer just because this might be one unique opportunity and you have another shot next year. McKinsey will always be there if you talk with them the right way.

    Hey, do you mind if I ask how you broke into prop trading from consulting?

    I'm new to finance/trading/consulting, but just accepted an offer at MBB.

    Sure. I was an intern at a hedge fund before joining McKinsey. My former boss and partner at the hedge fund left his position and joined a prop trading desk at a bank (they still exist outside of the US). He called me and offered a position to work with him that I accepted. Not an interesting story, but hope it helps...

Pages