Got Goldman Sachs Internship, not sure about it. I need your help
Hi, I got a summer analyst internship at Goldman sachs doing IBD Corp fin. I am a little bit concerned as to what is the culture inside this bank. How hard would it be to get a FT offer at this bank in particular? And how are the interns? Back stabbing ivy individuals who only care about themselves? or team players willing to help you. How hard is to survive inside this bank? Would you guys work at another banks lets say JP morgan/ Deutsche bank which is not # 1 and may have a better working atmosphere?
Go for Deutsche Bank, you will not regret it!!!
Because I've never worked at GS. But from what i've heard- GS is very intense, in terms of results and work. At the same time, from friends who have gone into PE/HF, they do say that the GS name will definitely open up doors.
BUMP I need nystateofmind dosk17 iambateman where are you guys?
Is there a "corp fin" in GS IBD?
GS is definitely the place you want to go. Its intense but it'll also provide you with better exit opps than most other places.
take the internship - people at GS don't backstab - they really are committed to a team atmosphere. if they're guilty of anything, it's of being cocky and arrogant. even if you decide you don't like it/don't get the offer -- having GS on your resume when you go back out to recruit for FT will help you immeasurably. if you end up in interview next year, you would have shifted the dialogue. the focus won't be upon whether you are qualified or not, but will, instead, be upon why you want JP Mogan/MS/ML etc, which is a way easier sell. and, yes, interviewing for FT when you didn't get an offer from where you summered can suck, but given mkt conditions/weird headcount issues etc, it's really not a hard hurdle to clear at all. i'm no "nystateofmind, dosk17 or iambateman" but that's my two cents.
i resent that back stabbing Ivy individuals comment. don't be so quick to judge. these people may really help you out in the future. if you go into the internship with that attitude towards people from ivy league schools, you a) will be outcasted because there are lots of them at BBs, and b) wont reap the benefits of their help and guidance.
Any more comments? Anybody.....
I would have chosen JPMorgan over GS before their acquisition of BSC but I really think the opportunities there have become more limited because of the sheer number of summer analysts they have coming in. GS is the way to go. The culture from my experience there is competitive and humble which are great characteristics in IB. From my experience with GS bankers, they tend to not flash their wealth in any way and are pretty down to earth. There are of course obvious exceptions to this rule.
srr636 I really appreciate your input, it is really valuable!
Go to GS - No point in choosing a lesser firm just because you're worried about competition. I'm not saying JPM or DB are necessarily lesser firms, but from your post you're really only considering them b/c you think it'd be smoother ride.
I minor in backstabbing at my Ivy. Goldking is right to call us out on this. We're so sinister.
I think it is harder to get a job at GS than any other bank... it is also the best brand name you could put on your resume. Besides, it is just for a summer. With GS on the resume you could always get a job somewhere else. I suggest you go for it.
Go to GS.
Concern about the competition is generally a silly reason to choose another bank - in reality, there isn't much competition BETWEEN ANALYSTS. Sure, at the top levels you will have to be competitive, but I think there's a widespread, wrong, belief that analysts are cut-throat competitive with each other.
JPM/DB will not have a better "working environment" and will push you just as hard. I have friends at both those places, trust me.
It is a bit harder to get an FT offer at Goldman, but I would still take the offer if you have it.
Why is this even a question, yes DB has a different culture from GS and I wasn't a big fan of GS's culture. However, for a summer analyst role, or even an analyst role (since basically no on on this board wants a career) there is no reason not to take GS. Regardless of what some people on the board think about specific groups at certain banks and specific boutique firms, nothing will look better on your resume than an internship at GS or a 2 year analyst stint at GS. If you dislike the culture after a summer you can leverage it to basically any other firm.
In short, go for GS if you dislike the culture its only a summer.
Quia dolores tenetur quisquam. Dicta illo voluptas asperiores recusandae esse. Asperiores a dolore sapiente qui ea et.
Natus ratione architecto aliquid. Saepe et dolorem ex architecto. Minus hic placeat qui suscipit occaecati.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...