MS vs GS (Sales & Trading Summer - London)

I'm currently studying an undergraduate degree in London. I've been lucky enough to have spent 1 - 2 weeks in the S&T divisions at both Morgan Stanley and Goldman Sachs (their London offices).

Both banks have a strong brand as well as prestigious. Really got on with the people and culture from both firms. Asset classes I'm interested in are FX and Commodities, as well as Emerging Markets. How can one decide between offers from both of the banks?

Two options I have after I finish university is 1) travel the world for 9 months and 2) take up a full time offer (if I go get offered). Recruiters from both MS and GS have said that they won't defer entry for their S&T full time programme (if I go for the travel the world option). However, how likely is it for banks like MS and GS to give out an offer for a second summer internship after this one?

Cheers

2 Comments
 
Best Response

Well, the EM FX guys at GS are pretty good (specifically, the guys on the NDF desk).

On the GS London spot desk, JP is a bit of a legend.

In both FX and commodities, I would say GS is better. MS is just not that big in EM (nor in FX). In commodities, if you could work under someone like Taimur Hassan, I would take that over FX or EM at GS, though MS is extremely well-respected in the commodities space too (though, GS runs a larger risk-taking business).

Which desk were you on at GS?

 

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