GS IB vs. GSAM

Goldman's resume drop is coming up soon at my school, I am planning on going back into B-school in a few years.

I was wondering on the selectivity of GSAM vs. the IBD at Goldman, IBD has got to be tougher but because AM hires less people every year I thought it might be close?
How about b-school adcom's view on each?
Thanks for the input

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However, i thought on goldman's website application you can only upload 1 cover letter so you can only gear it toward one division?

 

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