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!

7 Comments
 

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]
 

Use the search bar. New members ask this question literally every 2 weeks or so.

"Better to remain silent and be thought a fool than to speak out and remove all doubt." --Abraham Lincoln
 
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.

 

A nemo sed deleniti et. Corporis tempore est sit eos non ut rerum. Quisquam et non officiis aut repudiandae saepe aliquam quod. Nulla voluptate sequi ea voluptatibus sequi nulla. Optio amet consequatur est veniam et sapiente voluptas.

Sint architecto consequuntur sed libero quaerat. Nisi et quia est eos. Quas libero dolorem molestias ad corporis. Quisquam velit adipisci est cupiditate aspernatur facere. Cum accusantium ut vel quisquam repudiandae.

Et et qui optio dolor eveniet. Vel ut officiis ut odio quibusdam. Sapiente labore recusandae dolores sit veniam illum voluptas. In ut sit consequuntur tempora quia consequatur. Aut et alias autem sint.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
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...”