Hello, Ive got a few internship offers with Asset management operations at GS and IBD (IAFD) internship st Mizuho as my top choices. at this stage, is it better to prioritise and choose GS hoping to internally transfer to IB or choosing IB at Mizuho and hopefully transferring companies in a few years. Any guidance is truly appreciate!
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Based on the most helpful WSO content, when faced with a choice between an operations role at a prestigious firm like Goldman Sachs and an IBD role at a less globally recognized bank like Mizuho, the general consensus leans towards choosing the role that aligns more closely with your long-term career goals. Here's a breakdown:
Asset Management Operations at Goldman Sachs (GS):
IBD Internship at Mizuho:
Given the context, it seems that gaining direct IBD experience, even at a smaller or less prestigious firm, is often more beneficial for a career in investment banking. The skills and experience you acquire in IBD are highly transferable and can potentially make it easier to move to a different firm in the future, including a bulge bracket bank like GS, if that's your goal.
Remember, it's crucial to consider where you want to be in the long run. If IBD is your ultimate goal, starting in a role that gives you relevant experience could be more advantageous than starting in a role that doesn't align with your career path, even if it's at a more prestigious firm.
Here is a question that you might be interested in and I can help you with: How does one typically go about transferring from an operations role to an IBD role within the same firm?
Sources: JP Morgan Global Finance & Business Management Intern vs Goldman Ops, Offer decision advice, SA Would you pick Point72 or Goldman Sachs?, Internally Switching to IBD at Goldman Sachs?, Goldman Sales & Trading vs. BCG -- Sophomore Internship
IBD at Mizuho, it’s simple. The days of transferring internally are gone/ are very tough.
This isn't true at all - completely depends on the culture of the bank. It all comes down to the firms policy.
if my long term goal is to work in IB at a bulge bracket, what would you reccomend then?
if my long term goal is to work in IB at a bulge bracket, what would you reccomend then?
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Mizuho and it isn’t close. Please don’t listen to anybody saying otherwise
This is like asking should I take the striker spot at Wolves or be a groundskeeper at City when your goal is to play for them
Thank you for this! may i know why you’d say this? just to understand.
because i’ve honestly heard extreme viewpoints from both sides as some people have said join Goldman Sachs and try to internally transfer while others have said that this is not possible in todays day and to prioritise role over company at this early stage. and hence it’s more important to get into IB as soon as you can and then hopefully transferred to the bulge brackets. so I would really appreciate knowing the rationale behind what you said.
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