How is Bulge Bracket S&T these days? Is it on the downswing? And how does it compare to prop trading?
(Posted this in the S&T forum but need some quick responses so post here as well)
Hi all. I'm currently a junior applying to internships for next summer.
I have an offer from a T2 (not a JS/Optiver, but still pretty decent in my mind) prop trading firm in Chicago. The pay is good (free housing+food+transport, 7.5k/month + ~2k bonus/month), there's no dress code, there's a very structured educational program, super flat structure with minimal bureaucracy, and a non-client-facing, meritocratic environment. It also seems like I'll be learning a lot, working on a concrete project, and also doing mock trading towards the end of the internship.
That being said, I've just received a superday invite for Goldman Sachs S&T. Would I be stupid to pass up on that opportunity should I receive it to take an offer from a prop firm that's not JS/Optiver tier? How interesting is the trading at banks, how technical is it, and is there an intellectually interesting component to it or is it more politics/networking/bureaucracy with clients? Would I be doing actual work as a summer intern or would it just be grunt excel stuff and asking questions to traders I'm shadowing? Should I maybe consider the role just for the name on my resume alone? I'll probably definitely end up interviewing, but I'm confused about how exactly I should be viewing the opportunity should I receive an offer.
Any help would be really appreciated. Thanks.
Vero velit sint sed esse voluptates dolor quibusdam ipsa. Consequatur et aspernatur qui vel ullam soluta nesciunt. Consequatur dolores dignissimos ut veniam placeat. Ut nesciunt debitis et rerum labore facilis.
Sequi et eos fugiat facilis veritatis quam necessitatibus consequatur. Consectetur autem consectetur amet excepturi non. Voluptatem saepe possimus similique aut qui.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...