Returning GS PWM SA offer or look elsewhere
I received a returning GS PWM sales SA offer. I loved my internship experience there as a sophomore and I love the company culture and the people. However, I am interested in going into IBD, so I was wondering if I should apply to IBD at other banks like MS, or if I should just complete my junior year internship at GS PWM and then apply for internal mobility at the end of the summer to GS IBD since I really liked the company. Or what about even doing FT GS PWM for a while and then trying to network into IBD? To make matters more complicated, I've already accepted the GS offer because I was a given a 2 week deadline. It would be extremely stupid of me to renege GS.......right?
If you want to go into IBD then start looking around, doesnt make sense to waste two years doing PWM if you want IDB.
if you have the GS name on your resume and have a decent GPA i'm sure you can get OCR interviews this upcoming month with many BBs, elite boutiques and top MM firms
Banking on internal mobility into one of the most selective divisions at a firm is an awful idea.
great, thanks for the advice everyone. I guess that's what I'm really asking: Is it stupid to bank on internal mobility? I know a few sophomores that did internal mobility and got into IBD for their junior year summer, but would it be that much harder to do internal mobility for FT? Also, what about the fact that I already accepted the GS offer? Should I really renege and burn the bridges with GS and just try for IBD at another bank?
You should go interview for IBD at other firms, and if you get an offer, reneg on GS. You're probably screwed on IBD at GS in that scenario but it won't matter.
I think reneging on an offer is never a good thing- some people get really pissed off about it, and you will burn bridges with GS.
I'm sure you have personal reasons for wanting to do IBD, but I'm wondering why you don't just accept the offer with PWM- you said you loved the culture and the people, the 2 most important things of a job, and GS PWM is a pretty damn good place to be- despite what many people will say on here, I think it is a better spot then an average MM or 3rd tier IB position.
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