Goldman Sachs & Morgan Stanley Rivalry
Does being a summer analyst at one of the above preclude you from landing a full-time analyst position at the other?
Also, how common is it for banks to poach employees from other banks?
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well what do you think?
It's one of those things where you can go to a certain extent. Either GS won't hire anyone from MS or MS anyone from GS.
I'm wondering if it's an absolute or not.
I'm guessing photoshopping Lloyd's head on a fat boxer would probably preclude you from landing a position at either firm
A recruiter told me that my offer from MS makes me a "very appealing" candidate and they would love to stay in touch for FT recruiting...I dont think it hurts.
Banks really want talent that can produce money, and they arent going to let anything petty get in the way of that.
The almighty dollar is king...
no, I work at one and we have people that came from the other... doesn't hurt one bit
Infact I think it may help.... If you can get into MS/GS then MS/GS will most probably think your good enough to be at GS/MS. haha
I interned at GS/MS and only got a FT interview from the other. Other banks that were interested in me for FT were boutiques, such as BX, Lazard and Evercore.
if you want to work at GS, it helps in a BIG WAY to have previously worked for MS.
banks poach employees from other banks ALL THE FRIGGIN TIME. This is not a negative in the least.
GS/MS? (Originally Posted: 03/14/2007)
Why do people always talk about GS/MS?
Please see the rankings, surveys, vault guides..
GS cannot be compared to MS, it's really a different league...
There is only GS and the rest...
GS invites interns from MS to recruiting events all the time.
how little you know. Ever since that fucking IPO.
Here's the OP from another post:
"MS is really a different league.. the best people with the most outstanding personality , experience and resumes are at GS." I believe he's also the guy who goes to parties where all they talk about is GS.
Hmmm, perhaps ExGSBanker and the others might be able to answer student22's completely non-toolish question.
but there is just something magical about GS
GS never had that magical aura to me, maybe because I was never impressed with the people i met there. i'd take MS over GS anyday.
Dude, Goldman was nothing before they floated. Now you have ex-pmd bsd's buying lear jets and yachts and shit. Before that point, they were just any other. Corp fin they still rule, but equities and derivatives aren't what they could be.
wizard:
"GS never had that magical aura to me, maybe because I was never impressed with the people i met there. i'd take MS over GS anyday"
I had the same feeling with MS people 2nd rung crap
I doubt that student22 will be working for GS, but if he is his comments on the forum only give support to what wizard said.
No disrespect meant to Goldman - I think highly of the people I know that actually work there - but MS isn't "2nd rung crap."
GS is great no one will refute that, but so are other bulge bracket banks at the end of the day. Yea there is rankings/prestige/etc, but being a bulge guy at GS/MS isn't going to get you paid more than the dude at CS. At the end of the day, you eat at the same places, bitch about the same things, run into each other at bars, shop at the same stores.
I've never once met a GS guy think they are way hotter than me. It's mutual respect, yea I diss UBS, ML and shit online but its just a shitshow, no one gives a fuck in reality except maybe some funds.
You don't have any more prestige at any of the BB when you are an analyst (or even associate for that matter).
Do you make GS great? No (you don't even make it a better place, anyone at the other BBs could easily do your job just as well, plus or minus). Are you better than the guys that work at other BB firms? Perhaps, but it could be that you managed to nail your interviews at GS, and they nailed them at another bank. Do clients select a bank based on which analysts/associates are going to be working on the deal? No (do they even know? care?). Do other bankers look at you in awe because you are an analyst at GS and they are only an analyst at MS/other BB? No. Will being arrogant about other banks make you better at your job or help you get promoted / help with exit ops? Try it and find out.
So, if you want to work at GS, work at GS. It's a great place and has a great name that will help you later in your career. But don't put it up as the be-all-and-end-all of your career if you do or do not get a job as an analyst there.
Everyone knows that if you don't have an offer from Blackstone PE straight out of undergrad you're a peon.
As a huge generalization, the people at MS are much more conservative (definitely a good thing imo). MS is still THE true white shoe bank, which GS isn't anymore.
Also for those of you who say GS is better now that it is public, I think a lot of people who work/worked at the firm would disagree. Everyone I know liked the firm even more when it was private.
MS also loves hiring candidates away from GS. Know a guy who was at a financing group at GS and then made it to a top group at MS, not to say that was the only factor, but def helped according to him
CSFB MBA associate (1st yr) bankers bonus 2011 confirmed 20K.
Associate bonus....yikes. Assuming you posted in the wrong thread though.
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