Help: GS S/T vs. BarCap IBD

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.

 
Best Response
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!!!!!!!!

-MBP
 
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.

 
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).

 

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