Goldman Research

Heavy focus on the numbers.

by PorcineAviation (Senior Baboon, 188 Points) on 3/9/10 at 12:55pm

Heavy focus on the numbers. Unofficial policy of being the best rather than the biggest; serve fewer buy-side clients hence poor ranking in Starmine, Extel etc.

Culture is more academic than other houses. Greater distance from the floor, and Spec Sales (or Marketing Analysts as called at GS) sit in the Research team rather than the Sales team.

Exit opportunities tend to be based on the Goldman name and alumni rather than analysts' reputation with the buy-side. They use a relatively unusual ratio technique for valuation and generally don't bother with DCF, which has an impact on transferability of skills to say PE. Nevertheless, very well respected. Calibre of employees within the department is exceptional, but there's less opportunity to make a name for yourself as an analyst.

Hours are standard ER: roughly 6:30 to 5:30 but fluctuates with newsflow.

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Mezz wrote: Only guy I know

by jjc1122 (Senior Gorilla, 918 Points) on 3/9/10 at 1:14pm

If you don't mind me asking, was it a fund of citadel/SAC Capital/Moore caliber?

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jjc1122 wrote: Mezz

by Mezz (King Kong, 1026 Points) on 3/9/10 at 1:18pm

Yes. Actually, you mentioned one of them.

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The Situation wrote: greater

by PorcineAviation (Senior Baboon, 188 Points) on 3/9/10 at 5:27pm

All research teams work closely with traders. But from my experience, the research team at GS seems less part of the trading floor than at, say, UBS where researchers are constantly working the floor, holding teach-ins with salespeople, or consulting their spec salesperson.

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