Mckinsey vs. Goldman Sachs Sales & Trading
(Chimp, 13
Points)
on 12/14/11 at 12:52pm
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







I would research chances of
I would research chances of you getting hired FT after the SA
are the dates conflicting...cant you do both?
|| But feeling good and enjoying life are prerequisites to success, not by products of it- Midas Mulligan Magoo ||
He's a sophomore though, so
He's a sophomore though, so he still has another internship summer afterward.
This may be biased, but go with McKinsey. Better breadth of options afterward once you know what area you want to start looking at for FT. Congrats though!
I have already worked for
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.
Nutry wrote: I have already
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.
I have nothing to
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.
god damn man congrats. did
god damn man congrats. did you include your credit score on your resume?
I would go with McKinsey.
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.
It's times like these that I
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.
"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."
joe_monkey wrote: Nutry
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...
Congrats. Like others said,
Congrats. Like others said, it all boils down to what you see yourself doing long-term. I'd rather trade for the treasury of a regional bank than work for Mckinsey but some people would rather work at a no-name consulting firm than trade for Goldman. There's no better opportunity than the one you're most interested in.
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Go with Mckinsey, as brian
Go with Mckinsey, as brian said. it is gold on a resume. I have a few friends who did S&T at GS for a summer and as analysts who are not certified, you cant execute any trades so youre not as useful to them as you are in other internships.
Mckinsey
Mckinsey
A lot of people have been
A lot of people have been saying McKinsey. I'm going to play devil's advocate and say Goldman S&T.
If you are truly uncertain about which you prefer, I might be inclined to choose the more "extreme" of the two options. I would worry that consulting may be almost TOO broad and that you'll find yourself coming out of the summer liking what you did to some extent, but maybe not being extremely enthused. I have a feeling that Goldman S&T will be more of a "love it or hate it" kind of thing. If you really hate Goldman S&T, switch back to Mck next summer. It may feel harder for you to turn down a return offer for the next summer at McK if you had a "pretty good" first summer.
That said, I'm in consulting and would personally go with the McK offer because I know consulting is more for me than S&T. Hope this other perspective is useful. Curious to hear what you guys think.
Proboscis
a
a
trollage.
trollage.
I totally second proboscis
Troll is successful here is
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.
Not a troll. I go to a target
The people who are screaming
I didn't say it was your fault, I said I was blaming you.
You are very lucky and/or
I do not believe this is
A lot of people do certain things to add days to their life. I do things to add life to my days.
Double post.
A lot of people do certain things to add days to their life. I do things to add life to my days.
Hey everyone thank you for
Goldman is a firm that will
A lot of people do certain things to add days to their life. I do things to add life to my days.
From speaking with a lot of
I think consulting and
tlynch5 wrote: The people who
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.
i go to a target GS hasn't
This is a lot more common
to those who think this a
GS Accelerated Process: Round
A lot of people do certain things to add days to their life. I do things to add life to my days.
Is the picture you chose for
I'd take GS, easily. first
sad how both jobs are so
gvp89 wrote: sad how both
someone wrote that on my
Sexy_Like_Enrique
well, the true ballers on the
You really need to think
Just to add to that, I did an