I am currently a sophomore in college and plan to go into Investment Banking. I've always wanted to work for Goldman Sachs. If anyone would like to "come out of the closet," I would really appreciate it. I've just got a few questions regarding admission, culture, lifestyle, etc...
Thank you.
| +98 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 20 | 9m |
| +77 | Americas M&A League Table Q2 Updated | 30 | 21m |
| +72 | Wealthy Parents / Jaded | 24 | 10m |
| +55 | How are hours rn for SA (interns) | 30 | 4h |
| +46 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 11h |
| +42 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 10 | 24m |
| +37 | Boutique firm wants access to my LinkedIn? | 31 | 1h |
| +28 | Investment Banking in Mexico | 8 | 4h |
| +26 | MM bottom bucket bonus | 9 | 3d |
| +24 | UBS GIG, LevFin, FSG Interns working Sundays and 85 hour weeks their first week? | 12 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Owl.
Why banking and why GS?
Admissions, lifestyle are going to be the same at most BB's. Culture will be different but not by much.
I declined an offer from GS so can offer advice on only certain things.
Monty09-
Thank you for taking my thread seriously and taking your time to reply to my post and hopefully this message.
In regards to your first question, I think I have a few reasons that should suffice. To be honest, I originally studied Engineering. Up until the point where I shadowed a family member who is an Engineer, I realized Engineering was not for me. I needed something more fast paced, on-the-dot and stressful, yes, stressful (I work well under pressure). From there I interviewed a banker, read a few classic banker books (monkey bizz), and did a tons of research. Certainly, the money is an attractive force, but for me, the lifestyle, the exit opportunities, working with high caliber people really hit the nail in the head.
I hope you don't mind me asking but why did you chose to decline the offer from GS? What can you recommend to someone at my age (20) to get ahead and increase my chances of getting a offer at GS? I am looking into an internship for next summer first.
Thank you
Best regards,
NO
owl you are a tool, sorry. you dont know the difference between ANY of the banks so to come out here and saw you want to work for Goldman Sachs is such an absurd statement.
You have been of great assistance, really appreciate your courtesy and help - you are the man!
I've sent a few PM's to those who are willing to answer just a few simple questions, I appreciate those who are willing to do this. Thank you
-NO
There's a fairly obvious reason for the question. GS is the most prestigious US investment bank, period. You can not rationalize that fact away. And I can think of additional good reasons for wanting to work at a particular bank, such as having many friends/contacts there already (less likely as a sophomore, but possible).
That said, Owl, I don't work at GS so I can't help you. Based on my interview and chatting with friends who worked there, though, I can tell you that having high-level contacts inside may be more important at GS than elsewhere. A buddy of mine claimed he was unimpressed with the talent, but frankly I don't believe that for a second; people I know interning there are really top-notch, smart kids with a true interest in finance.
http://ibankinglife.blogspot.com
ibankinglife,
nice blog. Great job on your new job.
Don't worry about it, you'll fit right in...
Someone help, Tom Cruise is trapped in the closet!
Must be part of that whole Yale thing...
well, I would help you night owl but as I am a rising sophomore too, I see no reason to increase the competition even marginally. However, using this site's search function will yield some answers.
LOL...are you serious? If you are a sophomore and are reading the boards, then your give-to-take ratio on this forum is something like 1:100 anyway. The least you can do is to offer something constructive when someone else asks, considering all the knowledge you have leeched from reading this forum. It's "me-first" attitudes like yours that will get you weeded out of your potential analyst class, unless you really are heads and shoulders above everyone else.
nuke, even if you really are the complete dbag you seem to be, I don't think there was any good reason to point it out.
don't be a tool. there is really no reason you should be targeting GS vs any of the other banks, and there's not really a difference between the people at GS vs MS vs LEH, etc. if you have the credentials and are actually down to earth and not a giant toolbag, you shouldn't have a problem landing a banking internship.
neutralnuke -- posts like that represent exactly what interviewers dislike most about wharton undergrads. this isn't china. sure, it's cutthroat, but being a hypercompetitive douchebag isn't going to get you very far. half of the time in these banking interviews, you're talking about times when you've sacrificed for a team or put others before yourself
economy's moved on. time to find something besides banking guys. maybe consulting
yeah banking is soooooo 'out.' No reason to think bankers will be needed anymore. This newfangled interweb thingy will solve all our financial problems.
That or some kids in Mumbai.
I didn't mean to come across as a tool, but I just wanted to network with someone who has experience with Goldman Sachs. No where in my postings have I stated that GS is the BEST bank and surpasses other investment banks --- clearly, I created this thread to learn more about Goldman Sachs from someone who has experienced the firm first hand.
Thank you
http://modernyuppie.blogspot.com/ The musings and antics of a Meathead college wrestler turned asset backed securities trader.
untitled are you posting this on every single thread?
http://modernyuppie.blogspot.com/ The musings and antics of a Meathead college wrestler turned asset backed securities trader.
Sit qui aut eos. Dignissimos et dolor temporibus occaecati magni aliquam qui rerum. Consequuntur totam soluta dolores dolor nihil est. Aut et dicta vero aliquam sit dicta. Incidunt libero numquam mollitia sit voluptatem qui at. Labore est nihil qui ut pariatur autem.
Explicabo ut maiores aut maxime autem ducimus. Itaque blanditiis omnis molestiae quasi. Odit repellat pariatur et quisquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Non sit doloribus laboriosam laudantium. Quia omnis et necessitatibus quia sunt aut quae maxime. Qui praesentium quia odio et maxime aut iusto molestias. Animi ad nulla dolores ipsa eveniet eveniet iusto accusamus. Occaecati aliquid ratione ut est error similique.
Aut ut inventore ut aut dolores. Consequuntur molestiae necessitatibus officiis distinctio ipsam minus. Quaerat qui non aperiam ea. Tempora ratione non aut perspiciatis nisi fugit. Quo placeat et quis et corporis.
Eaque voluptatum voluptates quidem optio nisi sapiente temporibus et. Excepturi culpa velit eaque. Ut ut unde laboriosam pariatur. Dolorum perspiciatis est eveniet optio.