Help: GS S/T vs. BarCap IBD

mjreilly373's picture
Rank: Chimp | 4

I could really use some help deciding between two SA programs. It's between a Barclays IBD internship or a Goldman Sales and Trading internship.

I like the atmosphere at Barclays a lot, but it's pretty hard to pass up on the Goldman name. Also, I think that I am more of an investment banking type, but it's hard to say at this point just looking in from the outside. Goldman also has a much lower hire rate than Barclays which was 87% last year.

I come from a non-target school so I had to do a lot of networking. Therefore, I have pretty extensive networks at both banks and it's going to be hard to turn down either one. I need to tell Barclays by 6:30, so I would really appreciate to hear some insight. Thanks.

Comments (12)

Feb 22, 2011

I hate you, I'd kill to have to make a decision like this. Congrats.

Feb 22, 2011

I dont get why people ask questions like this. If you want to do IBD do IBD. If you want to do S&T do S&T. It makes sense for someone to ask about two comparable positions but this is like asking do you want to eat curry or orange tonight?

Feb 22, 2011

just choose based on what people you liked the best... no matter what you end up doing as long as you work with people who care and support you, then you'll find success and happiness

Feb 22, 2011

GOLDMAN SACHS!!!!!!!!!!!!!!!!!!!!!!!! the answer is always GOLDMAN SACHS!!!!!!!!!!!!!!!!!!!!!

Feb 22, 2011
manbearpig:

GOLDMAN SACHS!!!!!!!!!!!!!!!!!!!!!!!! the answer is always GOLDMAN SACHS!!!!!!!!!!!!!!!!!!!!!

I lol'd

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Feb 22, 2011

You have to really first figure out either you want S&T or IBD. It is really down to that decision. If you want to do IBD, and take the Goldman S&T: it will be hard for you to get IBD during FT. I don't think just the name will making the transit.

Feb 22, 2011
bananafreak:

You have to really first figure out either you want S&T or IBD. It is really down to that decision. If you want to do IBD, and take the Goldman S&T: it will be hard for you to get IBD during FT. I don't think just the name will making the transit.

WRONG!!!!!! the answer is always GOLDMAN SACHS!!!! omg man it's GOLDMAN SACHS!!!!!!!!

Feb 22, 2011
manbearpig:
bananafreak:

You have to really first figure out either you want S&T or IBD. It is really down to that decision. If you want to do IBD, and take the Goldman S&T: it will be hard for you to get IBD during FT. I don't think just the name will making the transit.

WRONG!!!!!! the answer is always GOLDMAN SACHS!!!! omg man it's GOLDMAN SACHS!!!!!!!!

Haha... I know someone interned in GS S&T during summer, and decided to do IBD, but only got into Capital Markets because it's more relevant and closer to the market.

Feb 22, 2011
manbearpig:
bananafreak:

You have to really first figure out either you want S&T or IBD. It is really down to that decision. If you want to do IBD, and take the Goldman S&T: it will be hard for you to get IBD during FT. I don't think just the name will making the transit.

WRONG!!!!!! the answer is always GOLDMAN SACHS!!!! omg man it's GOLDMAN SACHS!!!!!!!!

In this case, I think the answer is actually Goldman Sachs. Since you don't know that you don't want to do S&T, it's worth a summer to see what it's like. If you like it, then staying on is a no-brainer. If not, the GS name will help in full-time recruitment, and you can tell a pretty good story (did S&T at a top place, didn't like it, want to switch to IBD).

Feb 22, 2011

Think long term, then choose.

Feb 22, 2011

Thanks guys, this is all great advice. I think I'm leaning towards Goldman

Feb 28, 2011
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