I was recently selected to interview with Goldman Sachs Strategies Group (Strats group as they called it). I am not exactly sure what this is. The person who emailed me was from the investment bank, but the only thing I can think of is if this is a Quant role. My resume was selected (from where I do not know b/c I have not applied for anything yet), but my resume does not scream Quant. I am an undergrad student if that makes any difference. Am I missing something? Does anyone have an idea of what the group does? Thanks for the help guys.
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Why would you think this is a quant role? It's higly unlikely since you are undergrad...
I was google searching and came across some posts indicating that this might be a quant role. You are right in that it is highly unlikely that this is a quant role given that I am an undergrad and I am not a quant guy. That is why I am posting to find out if anyone has any insight. Thanks
A strategist at GS is a pseudo-quant. I say "pseudo" because the specific nature of the role depends greatly on the group you're in and your academic background. They hire undergrads and grad students alike. I was asked to interview to be a strategist in fixed income, and the role they described was essentially a quant developer (not surprising given my CS background). I politely turned it down b/c I wanted to be a banker, not a coder.
I found out that the exact name of the group is IBDS Core Strategies Group. Is this still a quant-role? I can't seem to find anything about it on the GS website. I find that a bit strange.
strategies means quant
x
OK - There is lot of confusion about strategies groups at GS: As far as I am aware 'strategies' desks are an umbrella term used to label desks which provide front-office support/analysis/quant analytics to the variety of trading desks and IBD desks within GS
The large majority are traditional quant type desks (structuring desks are defined as such and do not come under strategies) completing analytics/pricing and model building tools to trading desks - however the range of work varies massively - I thought that the 'core' strategies groups focussed on technology infrastructure and groups such as 'fundamental strategies' provide fundamental equity/credit based trading strategies to the various desk at the firm
Either way, they definetley seem like well regarded groups and the vast number sit on the trading floor.
Goldman Sachs Strats First Round Interview (Originally Posted: 11/23/2015)
Good afternoon Monkeys,
I just received news that I have a 1st round interview with Goldman Sachs for their Strats group. My understanding is that it is a general interview for Stats (not for desk, core, or sales, specifically). There is a chance, somewhere between zero and one hundred percent, that I am nervous. Preparing for this interview does not seem as straightforward as preparing for an IBD, or consulting, analyst position. Any insight, advice, or even just words of encouragement are welcome.
*Apologies if I didn't post this in the right forum, or if it is mislabeled. I have not monkeyed around on here in some time, so please leave your monkey shits at the door.
...
I just got the informational "Strategists Business Unit" sheet, and a time and date. It came on extremely quick. I am a bit flustered because I am not a "quant" and most of the information on the internet points straight to quant roles, i.e. Desk and Core, Strats. Given my experience I would say IBD is most likely, with Investment Management at a distant second. Securities is not likely.
Any updates?
Anyone heard back from the Strats full time superday ?
how does one reach out to these guys? Who are the best recruiters to get to GS?
Goldman Sachs Securities Strat Group (Originally Posted: 11/11/2010)
Anyone know anything about the Goldman securities strat group that is playing more of a front office role than quant groups at other banks?
Are they tied to the market or work on projects on their own time (ie long hours), whats compensation like compared to trading and the people in general? Possible mobility to actually trade? Do they also have their own P&L? Is the interview comparable to a top hedge fund like deshaw/Citadel where?
They are visiting campus to recruit, and was wondering if anyone has more of an inside scoop.
bump. What does the "Goldman Sachs Securities Strats" do?
They are quants who develop models and risk tools that the S&T people use. It's definitely front-office and pays reasonably well. However, these types of roles at banks do take a back seat to the actual traders and PMs in that the latter tend to "bully" the former and dictate what type of projects they should be working on. If you want to be a "pure" independent quant at a BB, GSAM's Quantitative Investment Strategies Group is a great gig if you can land it. But by and large, the best quants gravitate to hedge funds or prop trading shops.
Goldman Strats Technical Interview (Originally Posted: 02/17/2015)
Got an interview with GS Strats (Undergraduate Internship) Friday, and they said the interview will be mostly technical. Anyone has experience with GS Strats interview?
I have only done intro VBA and Python, taking a probability class this semester, no experience with stochastic calculus at all. How can I prepare for the interview?
GS Strategies Group (Originally Posted: 11/15/2007)
Could those in-the-know kindly shed some light on the GS Strategies Group? It sits within FICC but, then again, seems a more technology-focused role.
Any insight would be most appreciated; especially, as it pertains to whether this is a division to aspire to be in.
Thanks.
>> * We are interviewing for the positions of trading-desk strategist=20 >> and market strategist. >> * Our ideal candidates will combine strong technical knowledge and=20 >> skills with a keen interest in our business. >> * Candidates should provide details of top performance in technical=20 >> courses such as mathematics, statistics, computer science, physics,=20 >> and/or finance. Undergraduate and graduate majors in these areas are=20 >> preferred. >> >>Principal Responsibilities >>=B7 Analyzing markets to identify trade opportunities, both studying= =20 >>historical data and assessing risk characteristics of complex derivatives >>=B7 Modeling our clients=92 and traders=92 portfolios >>=B7 Designing and implementing software tools to enable our analyses= =20 >>and models >>=B7 Collaborating extensively with colleagues in sales and trading= as=20 >>well as with other strategists >>=B7 Presenting analyses to clients and working closely with them to= =20 >>understand their objectives and structure optimal transactions
its definitely a great group. i know a guy who works in the group and they do a lot of trend analysis and macro studies that are quite interesting. I think there is a lot of potential to learn and improve.
what is the career track for someone who starts in strat? is there a stigma attached to you as a quant? how easy is it to move into sales/trading?
anyone
dude, its gs. you're good to go if you get a job.
gs strats? (Originally Posted: 12/10/2012)
securities strats in particular; how does this differ from tech? both groups are involved in algo trading according to the literature
PM me
strats are quants or quant groups at GS
tech is IT, strats are quants. back office vs front office
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