Comments (11)

Feb 24, 2011 - 3:22am
GekkotheGreat, what's your opinion? Comment below:

Congratz on JPM S&T...
whats the other offer again? lol jk jk You are asking a trading forum about career choice between S&T vs Consulting. Don't you think most people here will be biased?

Feb 24, 2011 - 4:13am
firefighter, what's your opinion? Comment below:

I would say BCG is better for exit opps to PE, general management, and other fields. But you can make a ton of money in S&T and rise up if you're good without ever getting an MBA. Really depends on what you want, these two jobs are so different that it come down to S&T vs consulting. Both are top notch, so congrats.

Best Response
Feb 24, 2011 - 7:10am
Gekko21, what's your opinion? Comment below:

This goes for EVERYONE.

You don't get into trading for the "exit opps", you get into it because you want to have a career that involves the markets. Consultants and bankers get a job so they can look for the "next best thing", traders take a job with the intention that 20yrs down the line they might be in management, they might be in a different product, but at the end of the day the skill set and the daily routine is the pretty much the same as it was when they first started.

I chose the markets because I found them more interesting. There could be a new driver or market changing event everyday. I also had no desire to travel 3-4 days a week or spend all of my time looking at powerpoint--when a trader travels it's to go to a conference or meet with clients (we just sent a team to spend a two weeks in Japan meeting with real money clients). I also found the merit based system of trading more appealing. In consulting you do a good job, get paid, and get promoted and the range is pretty tight in terms of how fast you can get promoted and how much you make--in trading the only limit is your own ability.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
  • 4
Feb 24, 2011 - 2:59pm
pfitzy, what's your opinion? Comment below:

Congrats man, that's a luxury choice. When I recently made a similar decision, I decided to go with the sales & trading internship to test-drive that first. Sales & trading seems to be an environment that you can't be sure is right for you until you've done it. Better to find out during the course of 10 weeks as opposed to two years in an analyst program. You can always go back to consulting, and interns composed a lesser percentage of MBB full-time hires (as compared with bulge-bracket banks). Since you've gone through the recruiting process at BCG and JPM, you'll still be well positioned for full-time recruiting at both...so there's no bad choice. That's just my two cents.

Feb 24, 2011 - 4:41pm
kanon, what's your opinion? Comment below:
pfitzy:
Congrats man, that's a luxury choice. When I recently made a similar decision, I decided to go with the sales & trading internship to test-drive that first. Sales & trading seems to be an environment that you can't be sure is right for you until you've done it. Better to find out during the course of 10 weeks as opposed to two years in an analyst program. You can always go back to consulting, and interns composed a lesser percentage of MBB full-time hires (as compared with bulge-bracket banks). Since you've gone through the recruiting process at BCG and JPM, you'll still be well positioned for full-time recruiting at both...so there's no bad choice. That's just my two cents.

Assuming the OP doesn't already have set 'exit ops' in mind (as gekko explained the S&T aspect in detail) I would agree with this. I was in S&T and afterwards decided that it wasn't for me. But I wouldn't have known had I not tried it. Whereas it's much easier to envision what banking and consulting is like (because its covered in ridiculous detail for one, and with S&T your exp can be very very different based on the group)

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Feb 24, 2011 - 4:42pm
chg2b, what's your opinion? Comment below:

JPM S&T vs. BCG NY - Received offers from JPM and BCG (Originally Posted: 02/24/2011)

Hi everyone,

I've received offers from JPM S&T and BCG. Which is better in regard to exit ops, prestige, and lifestyle?

I love both companies and am genuinely excited about both opportunities. I need help deciding! Your thoughts are greatly appreciated.

Feb 24, 2011 - 4:45pm
kanon, what's your opinion? Comment below:

Ask yourself what do you want to do first of all - sales & trading or consulting (besides reading via search what others did and their reasons why, no one can answer this for you but yourself). And secondly, where would you like to exit to? If you want private equity, or maybe industry (like a corp dev role, for example), then consulting is more fitting between the two.

If you want to consider something with a hedge fund or asset mngt., S&T could be a viable choice (depending on which markets group you're with, sales for example won't open up to too much in a hedge fund...)

Consulting vs. S&T - consulting would open up to broader exit ops. On the whole 'better lifestyle' thing... that's true vs. banking, but S&T has fewer hours too. Consulting has a downside of a lot of travel (depending on your group). So 'lifestyle' is probably not a whole lot better, if at all.

Feb 24, 2011 - 4:44pm
LIBOR, what's your opinion? Comment below:

The only thing these jobs have in common is that they recruit at targets.

looking for that pick-me-up to power through an all-nighter?
Feb 24, 2011 - 4:46pm
2x2Matrix, what's your opinion? Comment below:

.

One of those lights, slightly brighter than the rest, will be my wingtip passing over.
Feb 24, 2011 - 4:47pm
Gekko21, what's your opinion? Comment below:

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"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
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