help with choice between summer analyst internship at HK with ML IBD, GS IMD institutional sales or JPM S&T?

noonuirbouda's picture
Rank: Chimp | 3

Hello!

I have the following question regarding the choice of a summer analyst internship for the three roles:
Merrill Lynch - IBD
JP Morgan - S&T
Goldman Sachs - IMD institutional sales

I think this is particularly a hard decision as I am very interested in all three of them and each of them carries certain value to the so-called the make-up of the best job "what you are interested in, what you are good at and what has better growth opportunity".

I have a strong science background and I personally like playing with numbers and risk-taking - so S&T might be "what I am interested in". Whereas sales is "what I am very good at" and I deeply enjoy the chance to talking to people and honestly, I also enjoy the chances of just getting away from the office. Lastly, I think most of us would agree that IBD has "better potential" as there are probably more opportunities to work elsewhere. I recognize there are loads to be learned from IBD but just like most people, 130 hours might not be that fun...

I am sincerely looking forward to your suggestions as I don't have much experience in this field. I am not even sure of whether I should go with the primary market or the secondary market. In the long run, I want to start my own company or work in a distressed equity/debt HF, but I have long had an engineering education (even dwelling deeply into computer artificial intelligence research and data analytics) which explains my inclination towards sales and trading. Therefore I am also considering a future rule in S&T if I do well in S&T. But this is itself a chicken-and-egg problem as I will not know whether I do it well until I go with the internship.

Thank you very much in advance and any suggestion is welcome! Thanks!

Comments (10)

Dec 20, 2014

You'll have to do a few things. First identify what you really want to do (looks like it involves sales) and understand the roles of each job. S&T is more market making than anything else, while you'll be more client facing and interactive in an institutional sales role at GS. Regarding your prospects for exit ops at a HF, either the IBD or S&T gig will put you in the best position to land at a solid HF.

Dec 25, 2014

Thank you very much, BillBelichick! I totally agree with you that I need to find out what I want to do and thanks for the helpful input. Merry Christmas!

Jan 21, 2015

Hi,

I'm in the process of applying JPM's quantitative analyst summer internship, would you mind help take a look at my cv and cover letter etc? much thanks!!!

Mar 18, 2015

Why are people interested in S&T given how the industry is changing these days? If you're interested in trading, wouldn't you want to be working at a prop shop? And if you're not interested in working at a prop shop aren't you concerned that your job will be continually squeezed out due to automation?

Mar 18, 2015

JPM S&T hands down.

Mar 19, 2015

IBD would be the more risk averse avenue.

Mar 19, 2015

Is ML seen as a lower tier in Hong Kong just as it is in the US?

Apr 9, 2015

ML is mid-top tier in HK. Likely to be seen as better than Citi/DB/CS/Barc.

Apr 9, 2015

It really depends on what you wanna do. One thing to keep in mind is that S & T jobs are a lot more riskier than IB in the current market. Personally I'd go with IB since it offers the most broad exit oportunities.

Apr 11, 2015
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