Goldman Dilemma: Securities vs Investment Banking
Although a new member, I have learned and received a lot of insight from this website before. Thanks, you guys do a great job. I'm a 3rd year non-target student, last summer I interned at a BB in their IBD M&A group. I'm currently an investment analyst intern at a local investment management firm, this part-time while I attend school.
I have received an invitation from GS to interview for their summer analyst program, but have to pick between Securities and IBD. I'm having a tough time picking as I have a experienced a little of both banking and a markets job. I would like to know which of these divisions is stronger at GS and which would potentially offer better growth opportunities within the firm or exit opps?
I always feel you should choose whatever you like instead of whatever the firm is good at.
Both should have excellent growth and exit opportunities, so go for what interests you. That being said Goldman's crown jewel is its IBD division. While the firm is obviously super strong in many respects its IB advisory business is the envy of many.
Thanks a lot for the insight @bloomberg Are their particular groups within the IBD they are most famous for?
Not sure on specifics, but I have heard their FIG is terrific. You can't really go wrong though. Again pick what you are interested in as you will be putting together PowerPoint presentations at 2:00 am on these companies at which point you wont really care about prestige.
TMT, M&A, FIG (in that order)
M&A group at GS is activist raid stuff and not what you think it is. GS doesnt have an M&A group like the other banks, that's handled within the groups. I would go TMT, HCCRG, NR, FIG, IND (in that order) but its personal preference
Yes, that is definitely true. Thanks man
Of course! Good luck on your interviews!
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