Finance Internship Benefits when getting a full-time offer?

ForeverZero
Mon, 25 Jan 2010 20:40:45 +0000

Working in tech at GS alone won’t help much for breaking into banking. It is up to you to absorb as much finance as you can during the internship and network to be better-positioned for full-time recruiting. The GS name will help, but the effect will be marginal when recruiters see that you were in IT.

Salary-wise, the money in banking tech is decent and higher than most pure tech firms, but overall much lower than comparable positions in IBD and trading. Of course, there are exceptions, but in general, front office pay is considerably higher. The upside is that work/life balance is better in tech, and it is a more stable job, as oldfort posted.

Are these your only two options? If there’s still time, you should try applying for boutique banks and prop shops - if you want to do banking or trading full-time, an internship in a front-office role, even at a small firm, is much better than doing tech.