Goldman Sachs vs. IBM EB vs. Capital One Internship?
My goals this summer for internship ranked by priority: 1. FAANG-worthy internship on resume 2. Internship experience 3. Return offer pay, experience and location 4. Internship pay My offers are: 1. Goldman Sachs: 10 weeks; 50/hr with OT; 3000 housing; New York, NY 2. IBM Extreme Blue Program: 12 weeks; 36/hr with OT; 4000 housing; San Jose, CA 3. Capital One: 10 weeks; 50/hr without OT; 3000 housing; McLean, VA For Goldman Sachs, there is a possibility I would also be assigned to a machine learning team, but they would put me wherever they need me and I would not have a choice. I would make the absolute most money here, but many say Goldman Sachs SWE culture is very sub par and they work you to death as a new grad. But great name recognition! For IBM EB, I would be assigned to a team to work on a project that you present to top level executives and often the project makes its way into IBM products / services. My project would be machine-learning related, is very autonomous, and I could potentially walk away with patents under my belt. I hear it's an overall great experience. However, I hear the return offer is very run-of-the-mill and they work with archaic legacy technology. For Capital One, there is also a possibility for Machine Learning or AI team, but based on my rank-order preferences, they would place me wherever they would need me. I hear they use modern software tools at Capital One and that the internship is fun, but I also hear that the new grad position is a bubble of newbies and overconfident "senior" engineers. I plan on applying to FAANG companies next fall for new-grad positions, so I am not too worried about return offer details. However, I would like a good safety net. Which should I choose? If you need more details let me know! #internship #goldmansachs #ibm #capitalone #engineering #software #swe
No way as an intern you will be working those hour btw. I was a past intern
Thank goodness lol
Do you think Capital One would have the same effect?
The feeling I get from conversation is that they're roughly the same if your goal is FAANG. Though it's hard for me to really say. I think it really depends on on the bullet points at that point for your resume afterwards rather than the actual company name. I do get the feeling GS is better for finance roles but it's important your team is "front office" which basically just means as close to the revenue/client as possible if that were a consideration. However, it's possible that if you are in a pure engineering team that maybe the tech companies may like it more since your product will likely be very agnostic to finance. Though on another note, I read your bullet for capital one and could say similar things for GS on an internal level. There were more VP title individuals than analysts in some divisions which is kinda amusing and seniority meant a lot. They have a strong koolaid culture where everything they do they believe they do the best. This doesn't really change much given that a lot of them are also lifers at the company or came from no-name midsize companies. Seniority is valued like crazy generally speaking as well. Titles mean a crazy amount here and people will almost always bring up their title and YOE at the firm. There are teams with super talented people including people from FB/Google but this isn't the norm. Also, they don't work interns to death at all just as a heads up. If they do, I'd argue the team is actually ironically more prestigious and your paychecks/mobility opportunities in banking will reflect that. Overall, banks generally are actually more retirement homes even talking w/ friends at Citi, JP Morgan, Morgan Stanley, etc even at a FT level. People sometimes like to boast that they get paid to do nothing in some cases which was super surprising to me. Overall, I get the idea that the differences between Capital One and GS almost ends up as a nonsensical argument where GS just has better marketing externally in the finance world. I think if you were to ask this question to capital one interns at the moment, a large amount would say to go to capital one and vice versa for GS. I would just try to gauge based on the division you're put into and the reputation of the division in either company rather than name at this point.
I’d recommend Capital One. Definitely don’t choose IBM. You should create a poll for this :)
I was actually thinking if I were to choose one of the banks, Goldman Sachs would be a better choice given that pay and location is better for both internship and new grad. Why do you say Capital One?
$50/hr will get you farther in McLean than $50/hr in NYC. So C1 has the better internship pay. Also, C1 has better tech and WLB (both of which you’ll wanna consider as a new grad employee)