How does GS assign analysts to groups?

I've heard that GS does not assign a group or industry to an analyst when they accept the job, so when does this process take place? It seems clear that most analysts want to work in the top groups (like TMT and FIG) so how/when do they decide which analyst works where? Is preference given to top recruits?

Additionally does Goldman recruit exclusively from certain schools/programs for specific industries? For example I know that BX almost exclusively recruits from Harvard/Wharton for PE and Restructuring Analysts.

 

they have a sorting hat for all the first-years.

Ravenclaw is a sweatshop, Slytherin has really bad culture, and Hufflepuff has limited exit opps. Gryffindor or bust IMO, but it's not really even up to you.

 
johnwayne7:
they have a sorting hat for all the first-years.

Ravenclaw is a sweatshop, Slytherin has really bad culture, and Hufflepuff has limited exit opps. Gryffindor or bust IMO, but it's not really even up to you.

People tend to avoid people in capes.
 

I believe they have a placement day where incoming analysts rank their top groups and interview with each group at the firm. They try to place you in your top group and with the groups that want you. Right after you get your initial offer, you should try to network with the groups you're interested in most to get them to pick you.

 

Don't know much about GS, but this was true at the BB I summered at. It's kind of like sorority rush -- you pick 3ish groups to meet with, you rank them in order of preference, they rank you, and everything works out.

I do know that this year, MS is not having a fly-up superday and is instead doing it all online/remotely, which is interesting...

 

^ Copy that good buddy. I guess my follow up question is, barring networking, what is the best strategy to match yourself to the group. In terms of resume compilation, past internships... Is there anything TMT/FIG looks for in particular?

"I did it for me...I liked it...I was good at it. And I was really... I was alive."
 

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