Hey guys! I need to decide between summer analyst positions in S&T at Goldman Houston, Goldman Dallas, and MUFG NYC. I really want to be situated in NYC for the long term. Is it easy to get moved from Dallas or Houston to NYC? I really don't know what to do. Are you able to get enough flow at desks at the Texas offices to get a decent bonus?
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Based on the most helpful WSO content, if your ultimate goal is to be situated in NYC for the long term, accepting the MUFG NYC offer might be the most strategic choice. Here’s why:
Location Alignment with Long-Term Goals: Being already in NYC gives you a significant advantage in terms of networking opportunities, visibility to the firm’s headquarters, and alignment with the city’s vast financial services ecosystem. This proximity can be crucial for career advancement and opportunities.
Internal Transfers: While transferring internally from offices like Dallas or Houston to NYC is possible, it generally requires top performance and the right internal network. It can sometimes be challenging due to differing office needs and headcount limitations. Being in NYC from the start eliminates the need for such a move.
Market Exposure and Deal Flow: Offices in major financial hubs like NYC tend to have more exposure to significant market activities and higher deal flow, which can indeed influence the learning experience and bonuses. While Goldman Sachs offices in Dallas and Houston are prestigious, the sheer scale and scope of operations in NYC are usually broader.
Career Flexibility: Starting in NYC offers more flexibility for future career moves within or outside the firm. The city's vast array of financial institutions provides a robust job market if you decide to explore opportunities beyond MUFG.
In conclusion, if NYC is where you see your future, starting your career there could provide a smoother path towards achieving your long-term professional goals.
Sources: Goldman Sachs SLC IBD Overview, Admitted to an M7 next fall, how do I best prepare myself for MBB recruiting now?, 20 Most Frequently Asked Questions - London Edition, Sophomore Internship Advice - Summer 2019, Q&A: Research Analyst at $1 Billion Hedge Fund
It depends on what they are offering. What did Houston and Dallas say you would be doing? Or more specific, what kind of operations do they run there? I would assume Houston is largely commodities driven, while Dallas is a newer office, and is primarily focused on sales? If NYC is your main goal, you might want to start in NYC if there is no interest in what you would be doing in these regional offices.
How normal/possible is it to do the summer internship in Houston and request a NYC full time offer if I performed well in the internship?
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