I have a couple of offers for SA including:
Goldman Sachs - Securities Strategies
Morgan Stanley - Institutional Equity S&T
JP Morgan - S&T
DE Shaw - Trading
Two Sigma - Quantitative Research
Blackstone - BAAM (alternative Asset Management)
What do you think would be best in terms of both resume and future career development? Please be honest; thanks so much.
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OP looks like a damn Putnam winner.
can promise you not a putnam winner. but would still be curious to hear your thoughts, fairly new to the finance world but want to stay in it.
What do you want to do now and in the future? As in, do you want to do Sales and Trading, Equity Research, Asset Management, etc. That will help you decide or at least eliminate a few choices.
If you have absolutely no idea where you want to go with your career, then I guess you just go for the most prestigious name and that's that.
I'd be interested in trading or Asset Management, not so much equity research or sales. In those fields, what is the most prestigious name out of those I listed? As a newcomer, I don't have a great sense of prestige in various fields of finance. Thanks again.
What group in BAAM....? You just name the whole division..
Based on the fact you want to be in trading or AM. DE Shaw if you want to be at a top quant fund working your ass off at a big name for big bucks.
Since I don't really have any pertinent insight except for anecdotal, all I'll say is that MS S&T is probably the least cerebral of these from the vanilla description you posted. Also, again just from what I've heard, DE Shaw and Two Sigma are probably the most difficult and have some really sharp people.
BAAM investment team. Don't know which desk in particular before accepting an offer...
yeahright, you'd recommend Shaw? does it have a reputation for being a lot of work? (your comment seemed to say that)
Does DE Shaw still provided the best opportunity of those mentioned, or has it lost some of its cachet? Thanks for the perspective, guys
From what I know, DE Shaw works you hard but it will be the same at BX. They compensate you for it....
BX and DE Shaw are the options you should be considering. They are better places to be than MS S&T or JPM S&T, plusTwo Sigma and Goldman are both great but not what you want to do.
Read this for some more insight: http://www.deshaw.com/EmployeeProfiles_Page4.shtml BX is hard to say because I'm not sure what you mean by 'investment team', there is a special situations investing group. If it's that group in BAAM then you can't go wrong with either one. Blackstone may have a more global name outside of the finance world than DE Shaw.
Got it - does Shaw still have the same prestige it's had, and does it have more prestige / better exit ops than, say, GS strats? Also, the BAAM team is the one here: glassdoor.---/Interview/The-Blackstone-Group-BAAM-Investment-Team-Summer-Analyst-Interview-Questions-EI_IE4022.0,20_KO21,56.htm
replace --- with com
Can't post links yet, so sorry for the bad link.
From these choices I would go with Two Sigma - Quantitative Research.
Going Concern, what makes you choose two sigma over shaw? They seemed pretty similar to me when I was interviewing, with two sigma having a slightly more academic, bookish bent.
Two reasons, first is I heard in the past not too long ago that DE Shaw was on decline (cutting headcount, etc), not sure how true that is today. Second is that you'll probably learn a lot more from a research internship than one in trading, though that is a guess on my part. Some of it also depends on the specific people and projects, but Two Sigma and DE Shaw are both top names obviously. If you go the more traditional route (JPM S&T) you'll likely be doing a lot of BS like fetching lunch and dealing with all sorts of politics and social roller-coasters.
Very impressive by the way, I would have been lucky to get first round interviews at any of these when I was in school.
DE Shaw or BAAM. Arguably BAAM if you can get principal investing (as opposed to HFoF), and DE Shaw if not
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