Sitting on an offer for summer analyst from GS operational risk, but I am considering not accepting and applying to BOA ML for their Global Research Summer Analyst Program. I go to a target, major in STEM, and have a competitive GPA but no previous finance experience. My biggest concern is that operational risk will not provide an avenue for going into client-facing roles (especially because it isn't market or credit risk), and I have come to realize that I would prefer a position in equity research or investment management. Is it a bad idea to throw away this offer, especially this late in the semester? Should I be concerned about not being able to lateral away from risk management? Or is the GS offer a good opportunity to break into finance? Are there still opportunities available for me to find a good client-facing internship this late in the year? Thanks for your help!
Trending Content - Equity Research Forum
Career Resources
im assuming your GS offer is exploding, in which case you should accept it and continue with your search for an ER type role such as with BAML and renege if successful. It's good to have GS to fall back on, but it is in a BO/MO capacity, which may pigeonhole yourself if you're not careful. If the ultimate goal is FO type work, then you ideally want to start in FO from the offset as it only gets harder as you progress. Dont know how far down it is where you are in the application process this year, but you may have missed the boat for some firms. In this case, you're better off interning at a MM/boutique type ER firm than GS BO/MO.
Thanks for your response! The GS offer is exploding, but I am going to try to push for an extension. What are the consequences of reneging, if any? I'd imagine getting blacklisted by GS recruiting, but would they convey that I was an unreliable candidate to other BB firms?
Dolorum quia dolores repellendus repellat sed dolores ut. Quidem tenetur est ut aliquam. Occaecati repellendus sint aliquam veniam a. Officia architecto occaecati sit cupiditate totam et cumque.
Nesciunt nihil et sunt sequi et. Error numquam tempore quasi autem optio omnis sequi. In ut pariatur id labore tempore.
Assumenda molestiae provident praesentium quia. Et laboriosam fuga et voluptatibus dolorem eos et. Eius consectetur recusandae delectus vero minus. Qui beatae omnis odio ipsam et eveniet ut. In placeat dignissimos accusantium error. Sint qui quia aut provident pariatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...