12 Comments
 

Each of these offers are totally different opportunities. Do you want to do investment banking, structured finance, or (what I'm assuming is) sales and trading? I'm a little surprised you landed 3 offers without knowing what career path you would like to pursue... if this is a legitimate question I'd very quickly find a time to speak with your best (personally closest) contact for each job and really drill down on what the entry level role can be like at best/worst as well as exit ops. The one thing I can tell you is that firm doesn't matter here. They're all BB's and if you choose a path you hate even GS' name isn't going to save you.

 

The above commenter seems to be confused. Both BofA and GS internship offers are Capital Markets offers, of which you can join ECM, DCM, LevFin, amongst others. GS is very good for ECM, BofA is very good for DCM, structured finance, anything to do with debt, really. This is still investment banking, but these are all product teams, opposed to the sector/coverage teams you would join at DB.

In the end, it boils down to what you are more interested in. If you're more interested in corporate finance and want the "best exit opportunities", go to DB. If you are instead more interested in more markets exposure and developing a career in banking, then go to GS for ECM, or BofA for anything else.

Capital Markets is a more stable career-path, sector/coverage IB has far higher levels of turn-over.

 

If you want IB, go DB. If you want Capital Market, go GS. I would choose GS if I were you

 

What you said is absolutely correct, BofA has a bigger balance sheet for CM businesses. But GS financing falls on IBD, for BofA it's not even IBD. Have heard several internal transfer cases from GS financing to GS classic as well. 

Just my personal opinion and not intends to argue

 

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