Barclays S&T v. Baml IBD? Need to decide by Wednesday!
Hey guys,
I've been unbelievably indecisive between Barclays S&T and Baml IBD. I got my offer from Baml earlier and just got my Barclays offer a few days ago (was on hold for a week). Basically, my top choice was consulting, but I didn't get an offer after final rounds. I'm excited to learn more about finance, but am unsure of what to do.
I loves that S&T is go go go all day and the hours are more structured. I'm more interested in sales and love the idea of client interaction. Cons are that interns can't do as much work since they're not certified. For IBD, I like that it's analytical and that you get a lot of responsibility. However, the hours don't really appeal to me (not so much of a night owl, more of a morning person) and I'd rather be busy the whole time at work (heard there's a lot of downtime in IBD). At the moment, I think I prefer S&T, but I keep changing my mind!
1.) What are the offer rates like at both? Someone told me Barclays S&T was around 75%? 2.) Does it hurt me that I was initially placed on hold for Barclays for desk selection? 3.) How worried should I be about exit opportunities at this point in time? I know people say that IBD is better, but how important of a consideration is this (especially if I might want to go for consulting after the summer?) 4.) People have been telling me that Barclays is very fratty and athlete-heavy. How true is this and will it be really hard to fit in if I'm not super into sports?
Any advice would be greatly appreciated, thanks so much!
honestly if your end goal is consulting you should go into IBD. the skill set for S&T is MUCH more specialized and it would be harder to move into consulting later. especially as a SA, if you have the BB IBD experience, you can look for consulting FT, and you would get more looks from having IBD on your resume instead of S&T. also, you say youre excited to learn more about "finance". you will learn MUCH more pure "finance" from an IBD role, whereas the finance you learn from S&T is EXTREMELY specialized depending on what desk it is that you land on. It seems like you want S&T because you are worried about that hours of IBD, but hours in S&T as an analyst aren't great either, and honestly it might even be more boring for you in the SA role, since as you said you don't have the licenses.
Why don't you call GS/JPM for their accelerated interviews ?
Both institutions have their issues.. Barcap M&A is still a joke in Europe.. they failt to book any results in equities / M&A and its a big risk..equities is already starting to have significant redundancies.... BAML was damaged so hard by the crisis and leadership troubles... even now they are starting to rebuild but continously firing people and a weak CEO
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