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Based on the most helpful WSO content, choosing between GS Korea and DB HK for a Global Markets SA position is indeed a tough decision. Here are some insights that might help you weigh your options:
Goldman Sachs Korea:
Deutsche Bank Hong Kong:
When making your decision, consider the following: - Long-Term Goals: Where do you see yourself in the future, and which option aligns best with that vision? - Networking: Are you willing and able to network effectively to secure a position in HK if you start with GS Korea? - Firm Stability: While not explicitly mentioned in your query, the stability and market position of the firms could be a factor to consider.
Remember, both offers are excellent opportunities, and your success will also depend on your performance during the internship. Good luck!
Sources: Deutsche Bank vs MM SA 2021, Deciding between GS, MS, and JPM, SA Would you pick Point72 or Goldman Sachs?, GS vs. MS London, HK: CS vs HSBC vs BAML (all IBD SA)
It is actually possible to get return offer from HK even if you do SA in KR. There is some cases for that. both for S&T and IBD. However if you are perfectly set on becoming a real trader then it would be hard.
DB, although there are some rumours in the street..I think they still have very solid trading team in HK. You could learn a lot. So unless you don't have clear preference in becoming sales over trader, I'd choose DB.
cf)opportunities when you become FIC trader in BB HK, would be incomparably vast compared to opportunities in KR.
What product are you gonna cover? Fixed income? If so hands down DB. Don't be lured by brand name only. I don't work for DB but I have to admit they have one of the strongest fixed income teams on the street. You'll learn a lot more and people will recognize the team. GS Korea not super active, not sure what you'll be doing there, probably helping with structuring on/offshore tax considerations or liaising with onshore clients, or just super flow type trades, which you'd rather be doing out of HK anyway. Also Korea is a satellite office, don't think that'll help you with networking for return offers.
DB hands down 100%. It will be very difficult for you to recruit for full-time with an internship experience in South Korea (which is a complete joke when it comes to both experience and compensation/growth).
Excepturi nihil et ipsa ducimus. Voluptas voluptas iste non enim quo earum modi. Animi laboriosam ipsa ut modi quo quis soluta non.
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