I thought GS had changed its structure in London to a pool for Analysts and Associates split by (i) Northern Europe annd (ii) Southern Europe groups? VP and above are still in the industry / country matrix as far as I'm aware. I think the product groups have not changed (e.g. LevFin, ECM, etc.). I would pick a traditional IBD team over the product groups just to get a broader and more generalist experience.

 
Alpine:

I thought GS had changed its structure in London to a pool for Analysts and Associates split by (i) Northern Europe annd (ii) Southern Europe groups? VP and above are still in the industry / country matrix as far as I'm aware.

I can confirm that.
I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

UK coverage team is a good team in GS london you'll get a lot of general exposure. You'll work cross industry and therefore won't have speciality but I don't personally think that's a real issue. Team rep in GS London is good; I know some people there and am generally impressed. Exit ops are solid.

 

Thanks jjpp18, I am still confused about country coverage teams.... is it mainly pitching or execution? seems to be a mezz group between industry and product

 

Takeover code means its quite common to have a UK m&a team. Not certain but pretty sure GS group does some pitching (linked with the sector teams) and handles execution, though sector team won't be totally out of this either.

Not entirely sure about ECM/DCM - don't think they lead in eitehr though haven't discussed this with my contacts there.

 

lol yeah they probably said that to a no of candidates.

and 2nd point is that it is highly probable that you'll have a second round.

However i'd like to know how's the second round like? more technical? more behaviuoural? math based? excel?

That's the question you should ask i think coz goldman never hires after a single round

"What we can, we must; and because we can, we must"
 
Best Response

In GS London, TMTI M&A is known by being not only a top team but also a fair one at the end of the summer to their interns (i.e. the team converts a lot).

If you want to maximize your chances of conversion I'd do the 5w in M&A and only if you are really keen on LevFin then the 4w there. However, be aware that if you get an offer from the LevFin team and if the team really pushes for you, chances are that you will end up there as an Analyst (this happens as M&A teams end up having a larger pool of "applicants" and don't really bother to "loose" one incoming Analyst).

Also, deep down it will be valued that you show that you know what you want (M&A) and it will be easier for you to stand out in the second part of the internsip (i.e. less stuff to be learned from scratch) if you do a second rotation in M&A.

Finally, in GS London conversion rates have been around 60% (I would say 2 out 3 interns get the job, actually) in the past. This number is also pretty much the average across banks here in London.

Hope this helps mate

 

they pooled their juniors a while back on the M&A side of things. Its southern Europe & Northern Europe. FIG is still a team aside of that. So if you are in one of the two you can work on a range of things, obviously if you fancy one industry you can get your staffer to predominantly throw you projects in that area. Healthcare used to be the prime team when they still had the industry teams on the junior level

"too good to be true" See my WSO Blog
 

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looking for that pick-me-up to power through an all-nighter?
 

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