JPM S&T vs. BCG NY - Received offers from both companies

chg2b's picture
Rank: Chimp | 7

Hi everyone,

I've received offers from JPM S&T and BCG. Which is better in regard to exit ops, prestige, and lifestyle?

I love both companies and am genuinely excited about both opportunities. I need help deciding! Your thoughts are greatly appreciated.

Comments (11)

Feb 24, 2011

Congratz on JPM S&T...
whats the other offer again? lol jk jk
You are asking a trading forum about career choice between S&T vs Consulting.
Don't you think most people here will be biased?

Feb 24, 2011

I would say BCG is better for exit opps to PE, general management, and other fields. But you can make a ton of money in S&T and rise up if you're good without ever getting an MBA. Really depends on what you want, these two jobs are so different that it come down to S&T vs consulting. Both are top notch, so congrats.

Feb 24, 2011

This goes for EVERYONE.

You don't get into trading for the "exit opps", you get into it because you want to have a career that involves the markets. Consultants and bankers get a job so they can look for the "next best thing", traders take a job with the intention that 20yrs down the line they might be in management, they might be in a different product, but at the end of the day the skill set and the daily routine is the pretty much the same as it was when they first started.

I chose the markets because I found them more interesting. There could be a new driver or market changing event everyday. I also had no desire to travel 3-4 days a week or spend all of my time looking at powerpoint--when a trader travels it's to go to a conference or meet with clients (we just sent a team to spend a two weeks in Japan meeting with real money clients). I also found the merit based system of trading more appealing. In consulting you do a good job, get paid, and get promoted and the range is pretty tight in terms of how fast you can get promoted and how much you make--in trading the only limit is your own ability.

Feb 24, 2011

Congrats man, that's a luxury choice. When I recently made a similar decision, I decided to go with the sales & trading internship to test-drive that first. Sales & trading seems to be an environment that you can't be sure is right for you until you've done it. Better to find out during the course of 10 weeks as opposed to two years in an analyst program. You can always go back to consulting, and interns composed a lesser percentage of MBB full-time hires (as compared with bulge-bracket banks). Since you've gone through the recruiting process at BCG and JPM, you'll still be well positioned for full-time recruiting at both...so there's no bad choice. That's just my two cents.

Feb 24, 2011
pfitzy:

Congrats man, that's a luxury choice. When I recently made a similar decision, I decided to go with the sales & trading internship to test-drive that first. Sales & trading seems to be an environment that you can't be sure is right for you until you've done it. Better to find out during the course of 10 weeks as opposed to two years in an analyst program. You can always go back to consulting, and interns composed a lesser percentage of MBB full-time hires (as compared with bulge-bracket banks). Since you've gone through the recruiting process at BCG and JPM, you'll still be well positioned for full-time recruiting at both...so there's no bad choice. That's just my two cents.

Assuming the OP doesn't already have set 'exit ops' in mind (as gekko explained the S&T aspect in detail) I would agree with this. I was in S&T and afterwards decided that it wasn't for me. But I wouldn't have known had I not tried it. Whereas it's much easier to envision what banking and consulting is like (because its covered in ridiculous detail for one, and with S&T your exp can be very very different based on the group)

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Feb 24, 2011

Dude, you're the 100th person to ask a question like this. Try searching.

Consulting has better lifestyle in general, prestige is pretty much equal, and exit opportunities are better at one or the other dependent on what you are interested in.

Feb 24, 2011

Ask yourself what do you want to do first of all - sales & trading or consulting (besides reading via search what others did and their reasons why, no one can answer this for you but yourself). And secondly, where would you like to exit to? If you want private equity, or maybe industry (like a corp dev role, for example), then consulting is more fitting between the two.

If you want to consider something with a hedge fund or asset mngt., S&T could be a viable choice (depending on which markets group you're with, sales for example won't open up to too much in a hedge fund...)

Consulting vs. S&T - consulting would open up to broader exit ops. On the whole 'better lifestyle' thing... that's true vs. banking, but S&T has fewer hours too. Consulting has a downside of a lot of travel (depending on your group). So 'lifestyle' is probably not a whole lot better, if at all.

Feb 24, 2011

The only thing these jobs have in common is that they recruit at targets.

Feb 24, 2011

The key question is: have you ever seen 5:00am? And is that a time that you'd like to see every day for a couple of years?

Feb 24, 2011
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