Renege on BofA for GS?
This is London specific, so I know the GS brand value stands out. Wanted to know if anyone had an idea about GS London IBD financing group. Heard Bofa IBD is awesome, but in terms of brand and deal flow, does the financing group of GS stand out?
I actually only had a plan about classic coverage/M&A type of work, so can predict Bofa exits, so not sure about GS- would this role be a long-term career plan?
Any and all help seriously appreciated- I'm just a confused 21 yr old and need the right guidance
To confirm, you have FT offers from both but already accepted BoA? How long ago did you sign BoA and when is your start date?
In any case, the brand name of GS is much stronger, exits at average will be better, and deal flow and deal size should both be increased as well. I would renege if I was you, but just my two cents…
Idk about financing…
Do you work in private equity? I was aiming for buyside- what do you think about this?
Not FT, this is for internships. Can't reveal more, sorry.
It's remarkable you have an offer, let alone TWO, and you're wondering about this.....
BofA if M&A, if product groups for both then GS.
“IBD Financing Group” is effectively what every other firm calls capital markets, sure you’re an investment banker but you’re not in ibd. If you want to be in ibd, you have one offer not two.
Worth noting this part of GS has lots of random teams, most of which won’t give you access to buyside opportunities. You can move after 2 years to a sector team if you’re good, but that’s assuming you do the internship, convert, and are happy to stick it out for that time.
Just a matter of how much you’re prioritising buyside recruiting, and to what extent you’d prefer being a product guy over a sector guy. No right or wrong answer here, just about what you prefer. Both very respectable offers so congrats and good luck!
This is why I ask WSO- thank you so much. I’m new to the industry, so this is really helpful.
If it's ECM / DCM at GS, not worth it imo. Coverage or M&A at BAML is better - I would only consider GS if its a LevFin financing role
It’s difficult to say what team I’ll be put on. Don’t know how that works.
Just take BofA
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