Lehman IBD or Goldman Financing?
Which one and why?
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what subgroup at GS?
Financing sucks. dont let the GS name fool you man. Lehman IBD all the way. solid shop, great exit opps.
It's apples and oranges. Go with IBD.
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On a related note, how does GS FIG compare to GS IBD in terms of comp and lifestyle?
I should say the other departments within IBD that is.
Assuming that your full-time goal is IBD I would say take the Lehman offer.
GS Finance does have an interesting group, which I believe is called the Bank Debt Portfolio Group. They basically work with the GS IBD LevFin group as an execution team for every live leveraged finance deal that goes through. This is good in that you only work on live deals, however I don't know how much of the analytical work they actually do. Overall, if you are interested in PE this may be an interesting group (BDPG, spefically the Execution team) to look into, but if banking is where you want to be full-time go Lehman IBD. I don't think that being in this particular GS group would necessarily be better for your chances at GS IBD full-time, although you would be dealing with GS levfin bankers a lot and could possibly make good contacts, if that's what you're concerned about. As far as elsewhere, I would say Lehman IBD looks better by far.
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jj80, can you elaborate more on that? as far as i understand it, as an analyst in the financing group, you work in one of the following subgroups: ecm/dcm/lev.fin/muni.fin, which are not very modeling-intensive (with perhaps the exception of lev.fin) compared to the industry groups. that said, exit opps may be limited for an analyst who spent two years in ecm at GS, although it's technically under the 'investment banking division'. any insights will be appreciated.
If you actually have offers from both, the right choice is pretty self-evident
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i actually know someone who turned down ms ibd to go to GS financing (for the summer). he also got an offer from gs ibd (i.e. industry groups. and yes, gs gave him two offers b/c the decision making processes were separate at the two groups) but turned that down as well b/c it was with a regional office that he didn't want to work at. any thoughts on that?
fyi, all of the above offers are for asia pacific positions.
how hard would it be to switch to industry teams (or m&a) at GS or other bb's after spending a summer at gs financing? thanks for the insights!
lets all hope you didnt pick Lehman big guy
LOL look at u digging up old posts
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