Goldman Securities vs. MS S&T

For summer ‘20, MS is specifically in FICC, GS is across entire division. Both are rotational. Wondering about specific desks, exit opps, culture, and comp (though this is likely the same). Interested in trading, and more complex products (rates options, equity derivs), maybe distressed/HY

 

The banks have different cultures, but it’s hard to know that until you work there. Your pay/opportunities will be very similar at both. Both are good, but MS is top in equities and Goldman is top in FI, so think about which appeals to you more. The return offer rate is higher at MS than Goldman (65% v 50ish) so I’d choose MS for that reason if I were in your shoes.

 

Let’s say hypothetically I was interested in GS’s SSG or similar type of fund. Would either bank set me up (generally) better for that transition? I know GS is better at FI, but would there be a difference in opportunity from, say, GS’ distressed debt/PFI desk vs MS’ rates/HY desk?

 

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