Choosing between BAML GCM in SF and TD Securities IB Credit in NYC

Looking for some opinions on my decision regarding Summer Analyst positions here...

I got an offer for BAML Capital Markets in their SF office within their rates & currencies division.

The other offer is for TD Securities in their NYC office for Investment Banking Credit.

I know it's only an internship and both pay the same but I'm just wondering what would make the most sense for bringing my career forward. I barely know anyone in SF in contrast to NYC and considering that I'm hoping to work full-time in NYC I feel like TD makes more sense even though it's not as a prestigious company. Adding to that, I've mostly been recruiting for IB and since I'm looking to go into PE after a couple of years, IB at TD is probably a better option in terms of the experience in this case.

What do you guys think? Appreciate any thoughts!

1 Comments
 

Esse eligendi reprehenderit exercitationem laboriosam. Ea assumenda earum enim earum molestiae. Dicta cupiditate pariatur veniam occaecati laudantium modi. Quia a libero ea ipsum quaerat corrupti.

Dolorem aut placeat id et vel voluptate nostrum voluptas. Qui ea voluptas iste et.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”