non-BB IBD vs. asset manag. @ BB??
I am a senior graduating this coming Spring, and need some advice from all ya monkeys out there.
Which position would you take:
1.) IBD at non-BB's ( RBS, Rothschild, BMO, etc..)
2.) Asset Management at Goldman Sachs
I've been kind of set on the intensity/training programs/great exit opps of ibanking for years , but Goldman seems like a great opportunity. I prefer more transactional work than performance-based work, but then again what do I know (I'm just a college student). I simply don't know much about AM.
What do you think would be in my best interest?
Some informed advice would be much appreciated here.
Thanks!
I'm assuming you already know this, but these really are completely different paths altogether. What have you been exposed to so far (i.e. internships, PT work)? What do you see as a 5-year goal in this industry?
If I had the choice, I'd probably opt for IBD at a Rothschild over a GSAM opportunity, but this is an incredibly subjective decision.
What would you be doing in GSAM? The difference between Asset Management and banking is that the banking side is relatively standardized and in asset management, two recent college grads could have wildly different experiences and early career paths.
Have you already received offers?
There are so many different groups in GSAM, it's a nonsensical comparison at the moment. What exactly would you be doing @ GSAM? And don't accept a role you dislike just because of the Goldman name. Ridiculous number of people fall in this trap. If you wanna do IBD, then do IBD. Goldman be damned. Too many people end up doing mid/back office type jobs in GSAM with no chance in hell of any lucrative exits.
Also, I don't know how you can put Rothschild in the same bracket as the other two.
Newguy,
thanks for your input. That is what I needed to hear. I was about to fall into that trap of going for the name, even if it meant being part of an undesirable dept.
I'm going to stick with ibd--even if it means going to a less prestigious firm.
What is the actual firm you have an offer from? Maybe it's not as bad as you're making it out to be...
GSAM is not an "undesirable department." I hope you mean it isn't what you personally desire as much as IBD.
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