Goldman reputation

Hi everyone,

Goldman recently cited bad publicity in its report as a possible financial risk. Do you think working as a SA and FT is risky business these days, or is it still a huge opportunity? Thanks!

 
nutsaboutWS:
Why are you even asking this? You didn't get an offer, I can tell. [Arthur Anderson] is always #1.
People were saying something [similar] to what you're saying back in 2001. I'm not saying there's a significant chance it will happen to GS, but coming from someone who was old enough to understand what was going on with Arthur Anderson when it happened and someone who survived 2008 in industry, it never hurts to have a solid Plan B whether you work for a small-time broker or GS.
 
Best Response

The current news should not be influencing your decision as to whether to work at Goldman or somewhere else right now. It should be influencing some of your secondary decisions- like whether it's worth it to make sure you're ready to come up with a Plan B.

My suggestion is to take the offer at Goldman (if that's where you want to work), but nicely let the other interviewers who offered you a job know what's going on, thank them for the opportunity, and if you liked their group, say something to that effect, too. This way, you've got your backup plan.

At the end of the summer, make sure you interview at more firms (whether or not Goldman makes the offer), and do the same thing. Add the interviewers as friends on linked-in- just make sure you've got some of the relationships you need in case the dung hits the fan for your bank. This is coming from someone who lived through 2008 and believes in being semi-prepared for stuff like this.

 

Who cares what the public think.

-------------------------------------------------------- "I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom
 

Culpa ea repudiandae dolores. Iure nesciunt aspernatur expedita aut quam. Est sequi et et praesentium corrupti ut. In fugit cumque non provident.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”