Trading Internship / SnT: GS HK vs MS LDN
Looking for quantitative products that allow for semi-systematic strategies. Interested in macro, as well as commodities. Have to admit that starting pay in HK is likely 40-50% more than in London considering low taxes and sponsored accommodation.
Both programmes are rotational, likely 3x3week rotations.
Which is the better choice?
Don't do MS london: the offer rates are hilariously shit.
OP, this is very true - return rate for the 2025 S&T summer class in London was something like 15-18 returns out of 40-45 interns
Indeed
Should specify your desk placement. but regardless of that, if you want to do systematic macro or commodities, GS is a much better choice. MS has always been an equity powerhouse but not so strong in FI
thanks, the programmes are both rotational, likely 3x 3 weeks (this is the case for MS, likely the case for GS). Is this enough to learn & contribute substantially to the desk (ie code up a simple project for them)? If so, should I pick GS HK over MS LDN?
GS HK is also like that. Should network hard to get placement in good desks. THat said, S&T, especially rotational interns it's not really a chance to contribute substantially to the desk. It's all about getting to understand the business, so you need to network hard in the trading floor. Although 3 rotations meaning 3 projects -> should use ur time wisely.
Regardless if you don't find any difficulty living in HK, I would pick GS, given ur goal.
when you say network hard for desk placement you mean prior to it starting or during?
asking as in later stage of process for GS SG and assuming similar. ty
For the desk placement, during the internship. No need to network before the internship
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