GS QIS Strats vs BoA MBS Strats vs DB S&T

Quant4Life's picture
Rank: Chimp | 13

I currently have 3 great offers for summer internships:

1) Goldman Sachs Strats in QIS
2) BAML Strats Associate on MBS desk
3) Deutsche Bank Trading Analyst

I am inclined towards GS QIS Strats. However I'm finding it very tough to decide. I have a strong passion for the markets and am very competitive, so I fit very well into trading and I know I would succeed at it at DB. However, I want to do highly quantitative work, which I am very capable of doing and have passion for it. Now I also know that at some desks traders do significant quant work too. The GS offer is in Asset Management which is great because it creates great future opportunities with most top buy side firms. At the same time BoA offered me a very generous associate offer. MBS modeling can be interesting I heard, very new and different from typical models we learn in MFE's; but I don't know much about it and not sure if I'll like it.

So I'd like to know if anyone knows anything about the GS Strats team in QIS. What is it like working there, culture, environment, expectations etc? What are the career prospects in the long-term promotion-wise and salary too? It's hard to find much insightful info online so any help or advise will be very much appreciated.

Comments (14)

Feb 22, 2015

Congrats on the offers! I can only add something regarding MBS:

Regarding MBS, in Europe at least, the EU Commission just presented a green (?) paper to provide unified regulation for MBS from 2018 or so onward in order to revive the market as sharing risks is generally a good thing. Probably won't be such a blast as during the pre-crisis years, but there should be a future in that, too. I'm surprised that the trader said there's no future in MBS trading.

Feb 25, 2015

Thanks for your insights.

Feb 22, 2015

Hey Artur, when did u interview with GS and when did you hear back?

Feb 22, 2015

I interviewed about 3 weeks ago and heard back a week after that. Did you interview with QIS Strats as well? My super-day was a general Strats super-day and QIS expressed their interest in me.

Feb 22, 2015

What will you be trading at DB?
I'd take GS QIS regardless

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Feb 25, 2015

It's a rotation on 4 desks. I would probably get a more quant oriented desk. Likely equity derivatives.

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Feb 23, 2015

yeah i got an.interview wednesday and am.anxiously waiting to hear back. are undergrad?

Feb 25, 2015

No, I'm doing Masters. So was your interview specific for QIS Strats or a general Strats interview with multiple desks?

Feb 23, 2015

As a general Strats SA, I haven't heard back from them yet, thinking I already got rejected

Feb 23, 2015

also I just got a first round

Feb 23, 2015

I see. So you never got invited to the afternoon session? My superday was morning sessions and then invited back for afternoon session.

Feb 23, 2015

Oh, I am still waiting to hear back for the first interview (no on-site interview yet). I got a virtual interview on a general strats position and I am just wondering how long do I have to wait to hear back from them for just the first round.

Feb 24, 2015

Oh I see, I didn't really have phone interviews. I had one OCR interview and after like 3 weeks was invited for super-day

Nov 20, 2015