Hi, I am a Junior CS major with two competing internship offers and don’t know which one to go with. #tech #software #swe #engineering Vanguard: Pros: Living on college campus vanguard provided free housing On an investment system team More of a “known name”, recognizable Philly/Malvern Cons: Less pay by a couple dollars Not in NY Main city would be Philly (not that much of a con) BNY Mellon: Pros: 3k signing bonus Pays hourly a couple more dollars than Vanguard Bigger workforce Bigger name in banking world New York Cons: Not really that known to people outside of New York, less recognizable imo Would live with parents instead of interns 45 min commute to work
I work at BNY for over a year now and also from Philly so I have tons of friends who are in Malvern. Vanguard work culture seems to be a bit more fast paced and heavier than an BNY ( lots of bureaucracy so you have down time to learn different things ) Most tech starting pay for our SETUP is about 100-110k base with a 10-15k bonus. I'm biased and prefer NYC cuz I get to network more and have a solid contact group to jump ship to better role in 6 months. Tldr: Take vanguard if you like to get your hands dirty and do a lot of things( still slower than 90% of big tech and finance firms) Take BNY if you want to use downtime to gain more skills and network ( after you get a return offer in New York) Edit: if you want to do grad school BNY workload let's you do it.
idk who is telling you that vanguard is fast paced but that IS definitely not true at all…BNYM is probably much more fast paced tbh
fwiw im a past intern from this summer and from what i’ve heard almost everyone gets a return offer
How were the hours/social scene?
Also I sent a dm if you can answer
I basically started at Vanguard as a new grad. I can't speak for BNY but here's my two cents about Vanguard. It's a great place to learn. It's very relaxed but you can learn as much as you want at your own pace. And I do mean you have opportunity to learn, the culture really gets you involved early so you get experience (instead of sitting around). The downside is the money is lower compared to big tech. Also your likely to have more fun in NY, especially NYC.
Bny Mellon any day. Specially after the pip culture I have seen VG has started in the name of layoffs. A terrible place to work. They aspire to be like Amazon.
Take a look at what the return offer would be like to help decide I used to work at vanguard. The new grad offer is probably around 80k for Philadelphia (by the way, most of the offices are like an hour away from Philly)
On Glassdoor, BNY Mellon seems like it offers ~100k, and my friend just got an offer at Vanguard for $98,000. So they are basically the same.
100k in NYC is far worse than 100k in Malvern