GS Securities vs GS IMD

Debating between SA (junior year) offers from GS securities in NYC & GS IMD (Client Solutions) in another city out west. The people I have met in both divisions are great, and I'm interested in both divisions. I'm curious as to which division is seen as more prestigious/looks better on resume, which gives a better chance at receiving a FT offer, and which would pay more longer term. I'm also confused as to how likely it is to get into GSAM from being just a SA in the IMD (GSAM is a part of IMD), and whether or not Client Solutions plays a part in AM, or if it's really just PWM. From what I hear, IMD isn't viewed as highly SEC, especially when not in GSAM. Any input would be appreciated. Thanks.

 

I am actually just a prospective monkey. I'm sure someone will come along and add some meaningful insight.

The only question you asked which I can answer is the probability.

GS Securities canned 200 employees in the last 12 months citing drops in trading. PWM on the other hand is growing. During the 2007 crash the prop trading IB's got burnt like everyone else. PWM generates fees whether the investments return a gain or loss.

I'm sure if you look around the forum you'll garner the collective opinion on PWM.

 

my friend was in a similar position and ended up taking Securities. (But GSAM in NY) She really liked the people in the specific GSAM group, but wasn't dead set on if that group was what she wanted to do for the long-term even though there was a better chance of getting a full time offer (small group). Securities is good (and bad) because it's rotational and you get exposed to different desks. This can also be a con because GS Securities is pretty competitive at the intern-level, and I'm not sure how the full time offer works but you definitely have to work to make meaningful connections with desks in a short amount of time. I don't know the exact % but definitely not everyone is getting full-time offers and there are a lot of securities interns I think. Just depends on what kind of person you are and if you can thrive in that environment. and i'm kind of confused because I thought GSAM is IMD ? Also it's easier to go from Securities to GSAM than the other way around if you are there full-time.

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