MS Firm Strategy & Execution + GS Firmwide Strategy

Saw SA 2027 applications opened up for both Firm Strategy & Execution and Firmwide Strategy, from my understanding these are similar/the same across MS and GS. From the description in the application these teams seem to work on principal M&A transactions for their respective firms rather than clients, but I was curious about how they compare to more traditional IB roles in terms of career path, compensation, etc. 

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