Blackstone vs. PIMCO vs. Goldman Sachs
I have offers from all three:
Blackstone Hedge Fund Solutions (BAAM) Product Development
PIMCO Account Associate
Goldman Sachs S&T - Rates Sales
Which one is best in terms of prestige? What about exit opportunities? Also would like to hear about overall firm culture.
Don't worry about prestige! Think about what you would enjoy doing; those three jobs are very different. What type of position/environment do you think you would enjoy the most?
You will be able to make a truck load of cash in rates sales - if you envisage you can be good in sales. That is to say, 'network' =>3x a week and get people of varying ages and demographics to like you. Depending on what you're selling your technical proficiency with the product won't matter that much. Don't go for it for the money, because if you don't do well it will be hard to transition to something else.
No idea about the other two, but they both sound like relationship management type roles. I would think an ex-GS sales guy could get them anyway.
Heard culture is really cool at PIMCO from multiple people. I'd pick there any day of the week.
I can't tell if you're being sarcastic, but that's the exact opposite of what I've heard about PIMCO. Doing a quick search on WSO will tell you that, even if you didn't know people related to the firm.
How many people on here actually work there currently though? I know a few that currently do and they all said the same thing. Yes, it's competitive but heard the culture is great. I love WSO, but I put my money down from actually speaking with people who would really know.
This is a no brainer - GS Rates Sales will provide opportunity and exposure that the other firms cannot match.
Is this for an analyst position? If so do you know what sub-coverage group for the rate sales role?
I would rule out PIMCO. THe account associate is not a great role, and although socal is sweet, PIMCO has a very demanding culture, and the people i know who worked there usually left pretty quickly.
Goldman rates sales would give you exposure to a lot of large buyside firms, and if you play your cards right, it could help you transition to say macro funds.
Yeah I've pretty much ruled out PIMCO.
Deciding between BX and GS. What are your general thoughts on BX? Only reason I am leaning towards BX>GS is people and overall firm culture.
I was just offered a position with BAML S&T - Equity Derivatives. Should I even be considering this position?
If you want to actually trade, then you should pick BAML S&T. But I get the impression that you're pretty open and just looking for a job that will teach you a lot and give you the exit opps. Equity derivatives S&T doesn't give you that much opps while goldman rates sales, due to the nature of the work, will make it easier for you to transition elsewhere. Same with blackstone, although I personally would not want to work in a fund of funds (it's not direct investing).
I hope you picked the GS or BAML roles... it's easy to move to BX and PIMCO from BBs in my opinion. Im at a BB now and it's definitely easier to exit to buy-side than the other way around.
GS rates sales
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