BB Sales and Trading vs. Real Estate Advisory
WSO,
I have an offer from S&T at a BB (JP,GS,MS) and I have an offer from Real Estate Advisory (PwC, Deloitte)
Which one is better if I want to do IBD or Consulting full time. These internships are for my Junior year.
The S&T gig is in NYC, while the Consulting gig is in Boston.
Can anyone help me in making this decision? Any help, will be appreciated!
Failure Hey, I saw the thread you made. Do you mind helping me out with my post here? I just landed an S&T internship and I am afraid I am going to get pigeon-holed. I do go to a target for banking, NOT consulting. I am interested in both IBD and Consulting, leaning towards more on the IBD side.
Thanks!!
Sure, I'd love to chime in. From my understanding here, there are quite a number of moving parts. So, I'll try to address them in the most organized manner I can.
First and foremost, it is important to remember this is an internship, not a FT job. Therefore, although I agree that S&T can pigeon-hole you, it will NOT pigeon-hole you when you are simply interning rather than starting a career. Additionally, the name of all the firms you listed are great and will open doors for FT recruiting 100%. Now, moving on to the drivers you should consider.
Role: The problem here is that S&T does not relate with the skillsets in IBD, but it keeps it you within the field of finance. Additionally, at the end of the summer, you can apply to intern mobility and have a pretty good shot at moving to IBD. Maybe not your top desk at the BB, but still IBD. Also, the GS/MS/JPM branding is great for within the field of finance and for any layperson evaluating you if you choose to ever leave. I do not know much about Real Estate Advisory, so I do not want to give you misleading/false advice there.
Location: Given you want to do IBD for sure. There will be a lot of networking events throughout the summer for all BB in NYC. In other words, if you accept S&T, you will have plenty of opportunities to network with IBD at other bank and to even get an offer before the summer is over. Granted, it will be hard to manage on top of doing a good job at your BB. If IBD is your set goal, this may be the best option. For Boston, you can network more easily with the consulting offices there. In MBB, you can look more into and network with Bain/BCG. However, Mck's head office is in NYC as are a lot of smaller consulting firms.
So, after writing this, I would advise for you to take your S&T offer (Disclaimer: An opinion). Unless you love Boston, which some people definitely do, I think the role/firm/location combination for your S&T gig is better overall to reach you IBD, and maybe consulting, goal.
Hope that helps!
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