I am a non-target junior interested in investing. Which of the following would be a better opportunity for the summer?
GS S&T (lets just say high yield/distressed desk) vs. BlackRock Fixed Income (don't know which fund) SA
I have been reading Fabozzi and distressed debt analysis and am interested in fixed income....which of the above offers would be better in terms of lifestyle, pay, exit opps, and most importantly, learning opportunity?
| +84 | No return so what are the options left | 39 | 1h |
| +70 | One year since I didn't get a return - advice | 6 | 11h |
| +25 | Contradictory and Bad End of Year HR Review | 13 | 2d |
| +20 | Left industry… can i return? | 5 | 4d |
| +18 | A few superdays but no offer, am I cooked? | 1 | 5d |
| +16 | Recruit for FT IB or Focus on VC? | 5 | 3d |
| +12 | What do I do atp | 16 | 3d |
| +11 | I genuinely hate coffee chats so much | 3 | 5d |
| +9 | Full Time Recruitment | 2 | 1d |
| +9 | Should I Keep My Accepted 2027 SA Offer on My Resume While Recruiting? | 3 | 4d |
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I guess the whole Sankaty Advisors thing didn't quite work out given that it's not even part of the consideration? Serious question.
Hahahaha. Still talking to them (haven't interviewed). I have offers from GS and JPM that expire the 31st and 24th respectively. Sankaty Superdays are in February. My contact at BLK said that their HR is starting to accelerate the process for a few people with exploding offers...trying to debate whether I should say no to GS if I get BLK....just to then try and get Sankaty and say no to BLK (the 2 weeks after getting BLK would probably provide enough time to interview with Sankaty).
Good memory haha.
Ahhh, I see. Congrats on securing GS and JPM. You're on a very nice winning streak here. Best of luck getting BlackRock and Sankaty as well. Happened to remember as I was reading a lot about Sankaty at the time!
When it comes to GS vs. BLK, I'd say if you are sure that you want to do public investments in the long-run, BLK can definitely be a very nice choice, especially PMG FI (although the hours can be no better at BLK PMG FI vs. GS). I personally would take BLK, but that's just me. From a prestige/recognition point of view this would be quite a trivial debate as both offer that. So I would go with which of the two you like better in terms of culture, the people you'd be working with, which has higher conversion rates to FT and whether you ultimately want to jump to the BS as soon as possible (i.e. now) or you want that SS background to start with.
EDIT: just saw your criteria. My opinion/experience of friends in the BLK FI group:
Lifestyle: as suggested above, in theory BLK should be less harsh in terms of hours, but that may not be the case as people are also worked hard there (weekends are definitely not always free). The class sizes are obviously much bigger at GS, so if you want University 2.0, then GS should be your choice.
Pay: you start off on less at BLK vs. GS, not sure what's the progression later down the line (i.e. 5+ years), but I'm also unsure whether you'll spend that much time with your first firm anyway.
Exit Opportunities: I would say if you want to be on the BS (markets) long-term and not deviate to other BS options (VC/PE) then BLK is an insanely good start, but I guess an argument could be made that GS is slightly safer due to the wider recognition, especially outside of finance (in case you'd want to do something completely different).
Learning Opportunity: GS will be much more structured, whereas at BLK it will also be largely down to you how much of an effort will you make to pick the brains of your PM(s). It is quite common knowledge that you learn more when you actually invest yourself, so I would say BLK wins this, but you also don't build as big of a network with the BS whilst being on the BS yourself. For network building, interacting with different people who have very different views about the world - SS is the place to be. Also, if you're in to shorter-term stuff, SS allows you to better understand market sentiment as you're always in the centre of everything.
My views, not cold hard facts. Hope it helps!
BlackRock is 2nd tier versus GS. The best talent is in GS S&T not BlackRock. What kind of question is this?
BMACS at BlackRock vs. HFS at Goldman Sachs (Originally Posted: 11/02/2010)
I have an offer for the Analyst role at the Multi-Asset Client Solutions (BMACS) Group at BlackRock (it falls under their portfolio management Group) and an offer with the Hedge Fund Strategies (HFS) group in Alternative Investments and Manager Selection at Goldman Sachs IMD.
I am wondering which one would be better for jump-starting my career, and also what the exit opportunities are like for each?
I am not sure what I'd like to do 5 years down the road, but I am considering getting an MBA and am not particularly attached to finance.
HFS without a doubt.
Hi mdk0102, would you mind elaborating a bit on the reasons? I was thinking that perhaps I would get a broader exposure at BlackRock.
They're different beasts. HFS sounds like it's basically just a fund of hedge funds (nb I've never worked there). If you want to do that, fine. BMACS (which I know very well) includes that kind of stuff, but also lots of other kinds of directly managed funds. The core of it (within the active allocation division at least) is asset allocation, ie should we be in Brazilian equities or American Treasuries, what's going to happen to the mortgage market in Eastern Europe, should be be long or short the Dow? Some of their absolute return funds are very similar to a global macro style hedge fund. They have the fund of hedge funds business (also fund of PE funds) but also lots of other, much more interesting work.
BMACS will be more back office than you think. Go for GS
Help with offers from Golden Sachs and Blackrock!!! (Originally Posted: 02/22/2015)
I got offers from both BlackRock (Financial Modeling group) and Goldman Sachs(Tech summer analyst). I am a CS major junior, which one is better? Can someone help me with this decision? Thanks!
BlackRock
BlackRock
May I ask why BlackRock? Thank you!
Yes, I am a CS major but also want to have a career path in financial industry if I like. May I ask that why you recommend GS?
Congrats on the offers. It really depends on what you want to do. Would you rather be working with financial modeling or with the tech group?
Both are amazing companies to work for and you can't go wrong picking either one. Pick the position that you are most interested in so that hopefully you can better enjoy your summer.
Good Tough decisions! Go where your mind and heart is set. Good Luck and Congrats!!
If I want to apply for Tech company in the future, which one would be a better choice for my internship?
lol someone here is really mean. if you want to become a programmer, neither is good for you. go intern for a tech company now.....
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