Which would you choose for a summer internship, Citadel FTAP or Goldman Sachs Technology Analyst? Why? Which is better for future growth? Which has a better reputation?
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Godman Sachs no matter what internship is better than anything and everything in terms of both reputation and growth. Go to Goldman Sachs = Success and Waelth
Citadel, no contest.
This
Citadel, especially if you are staying in Chicago. When/if the FTAP guys leave Citadel, they land great gigs at prop shops and even outside the industry. Citadel's rep is that it is a meat grinder place to work, and for some people I am sure that is true, however, everyone knows you can handle the meat grinder when they see it on your resume.
Thanks for the responses. Gomez Addams, what kinds of other industries do FTAP interns go into? And does the reputation still stand in NY?
Sorry for the late reply, just noticed this.
Here in Chicago, the tech scene in general is booming. A couple of tech incubators have started up recently. There are a lot of start-ups.The owners of Groupon actually work with several other companies that are always looking for talent. Google has expanded their office here. Nokia/Navteq is growing like crazy. There are a a lot of consulting firms here that are IT focused....There is just a lot going on, even if it is not Silicon Valley. For years, most of the IT jobs in Chicago were finance-related. Things are changing, slowly but surely.
If you are interning at Citadel in the FTAP, you have a very, very good chance of being hired by Citadel. Which would be totally worth considering. I know a lot of guys who came from that group and they all seem to be doing very well. But I wouldn't know if the rep carries in NYC.
Citadel. And this is not even close. The FTAP program is not quite as good as ITAP (which is actual investment and trading), but FTAP analysts all do quite well. The top ones eventually become PMs at citadel, and even if you choose to leave, having citadel on your resume will open doors.
Gomez is also right about the startup scene. I'm surprised at how many startups are getting started here. A lot of VC firms which previously ignored chicago are taking a serious look at it.
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