T2 Consulting or GS Risk Internship?

[Cross-posted from IB forum - this is my first time using WSO, so please let me know if this is allowed]

Hi all, I'm a current junior at a T25 university doing the internship search for next summer. I just received offers from a T2 consulting firm (think EYP or Deloitte S&O) as well as GS for the Risk Summer Analyst position in Salt Lake City. I know risk is considered more "middle/back office" and not as "good" as IB/anything "front office", but I was wondering how GS risk compares with T2 consulting and which offer I should take for next summer. I'm open to working in most industries and plan to shoot my shot at MBB/BBs and EBs/cybersecurity firms for full-time next year as well. The biggest factor for me is probably location; I'm looking to be in Philadelphia/LA/SF specifically, but other East Coast cities like NYC if need be for my full-time offer/any return offers. 

Any help would be greatly appreciated as I haven't found a lot of information on either. Thank you!!

Comments (5)

Most Helpful
  • Intern in Consulting
Nov 3, 2021 - 9:18pm

I know people from both who have gone on to MBBs for FT so I don't think either one of those is a deal-breaker in terms of recruiting. Yes, the GS role is more back office, but tbh I don't think consulting recruiters know/care about the intricacies the same way people on WSO do, they see GS and that's already good enough. 

Honestly, the main thing I would think about here is which you would be comfortable with in the event FT recruiting doesn't work out. Would you rather be a consultant or work in risk? Granted I don't know what these risk roles are like at banks, but I personally would go with consulting, especially at a T2 which are still great firms and have some decent overlap with MBB in terms of work, responsibilities and exits. 

  • Associate 3 in Consulting
Nov 4, 2021 - 12:11am

Recruitment decisions are made by actual consultants who choose which of their interviewees to pass through vs not, and actual consultants are typically involved in resume screens. Consultants (and probably HR) at MBB firms will know the difference between T2 client-facing consulting and a risk role

  • Associate 3 in Consulting
Nov 4, 2021 - 12:16am

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