Goldman Sachs PWM vs. Barclays IBD & Houlihan Lokey IBD to MBB Consulting

Hi everyone,

I was wondering if I could ask about the pros and cons of moving from either GS PWM or Barclays/HL IBD to McKinsey, bain, BCG for management consulting full time after an internship in finance?

What is the best option and why? And any other things to think about? Thanks!

 

IBD more transferable because you'll be looking at company strategy, speaking to management, creating operating models, etc. PWM very relationship based and top level asset allocation, not very specific Security Analysis.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 
Best Response

So to give a little more background and ask about best opportunities.

If my aim is McKinsey, and I am an engineering and mathematics double major, but I am from a non-target school ( school is very good for technical not business), and I can do a banking internship at Barclays this summer. Would my chances be good for full time recruiting?

^Input other positions that I have listed as well: Goldman Sachs Investment Management, and a boutique firm that has a lot of news and press in NYC for investment banking, and HL for IB.

 

Occaecati consequatur voluptatem nisi cupiditate suscipit dolore. Quae aut ea ut vitae sit. Eius asperiores expedita aut voluptate et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (204) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”