I work for them (not employed by them), it is one of GS' most prestigious and secretive division. I work with the London and New York teams. One of my ex colleague joined them, I don't know about hours but would be similar to any top private equity firm

 
Banking01:

BUMP

No one knows wtf you're on about. Which SSG? Go away and use the search bar
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
Best Response

What other banks currently have similar groups that have the flexibility to invest equity / debt / a combination thereof into liquid / semi-liquid / illiquid deal situations and structures? If they exist, we need to start including them on investor lists...

Outside of GS, most banks have moved away from all forms of proprietary investing (hedge fund, PE, etc.) due to the Volcker rules. A number had moved out of PE even before that, like JPMP/CCMP and MSCP/Metalmark. Even GS has been moving away from their hedge fund groups, for example Liberty Harbor just moved to CT this week to make them look more separate from GS.

Maybe I am missing something but many banks do not have SSG groups. From my experience GS SSG is not just a distressed debt investor like some people believe they are.

 

There are a lot of banks with SSGs that all have different names for them. I've had conversations with two people in BB SSGs (at the same firm but in different groups/quasi-subsidiaries) and the stuff they do sounds absolutely awesome...

Although opportunities for 1st-year analysts are pretty limited, they generally want people with banking/trading experience. More than SA at least.

 

I was just curious if these groups take positions (through debt, equity or combination of both) in companies to actually have a meaningful control over its operations or is it more of a lending role to healthy, steady cash flow type of companies.

Also in terms of responsiblities/work for an analyst is it mostly writing memo's and doing presentations, or is it very quantitative/technical. I guess at the end of the day, would you compare lifestyle and responsibilities of an analyst in SSG somewhat to an analyst in a pe shop or does it resemble more of a IB role (obviously differes depending on a shop, but lets assume a MM pe shop).

Additionally, do people join these groups with a plan to stay there for a while, or is it more of a 2 year gig like IB analyst programs work.

Any insight would be very helpful.

 

If you need to know, you already have the info. If you don't need to know you don't have the info.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

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