Comments (8)

Apr 28, 2010

Are you kidding? You can't be seriously considering taking an IT role at GS over a trading position at BarCap.

It's not even close. Clearly, the BarCap offer is FAR better.

Apr 28, 2010

The AlgoTrading role is as IT developer (implementing and maintainng algs). Not a quant. But then again working close with them.

Apr 28, 2010

If you have to ask such a stupid question, you deserve to die in GS IT.

edit: just saw your new post. I'd still go with the barcap role

Apr 28, 2010

GS because you can say you work at GS

Apr 28, 2010

Listen, hard some of the young trolls to believe on here but some people enjoy IT.

Orfeas, I think you need to ask yourself what your end goal in your career is and keep that in mind when making your decision. I assume you have IT experience, if you thoroughly enjoy what your doing now then leverage your skill set, kick a$$ at GS and become an MD in IT there. If your plan has been to use your skills and knowledge to transfer into a trading position or system building position, then go with the Barcap offer.

You can't go wrong with either institution - GS should recover from current public sentiment and (re)gain client's trust - and they both set the global standard in the banking industry. Either brand name on your resume will look fantastic if you spend time there.

Congrats on the offers and GL.

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Apr 29, 2010

I'd pick the algotrading job at Barcap. You'll be in sales & trading, albeit in a role that is neither sales nor trading.

While you won't be trading on the algo desk, it's still a market facing role since you have to understand what's going on (e.g. trades can get crazy on a triple witch day) in order to monitor the execution or adjust the algo's for each client.

Apr 29, 2010

I have a good buddy who worked IT for the rates desk at GS and just moved to algo trading after 2.5 years - it's definitely possible to move within the firm

Apr 29, 2010
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