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.
From best to worst: Securities -> GSAM -> IMD
At GS Securities you're at the heart of capitalism. As GS IMD you're working with UHNWI's--kind of like a family office/portfolio manager. GSAM isn't as cool as it used to be, but can be a good exit opp after you get tired of the transnational business.
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.
GS Securities is 100% the bread and butter of the business. GSAM suck balls compared to the street.
GS securities internship is invaluable - you will learn so much but be prepared to get absolutely worked to death and mindfucked by HCM (hr)
Im pretty sure the IMD is split between GSAM and PWM. Both GSAM and PWM have a Client Solutions,which does both institutional and PWM, and an investment strategies group.
Can anyone give feedback on the imd superday questions
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