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What are some mind-blowing facts about Goldman Sachs?

computerized's picture
 
Points)
 on 6/10/13 at 8:00pm
goldman_sachs_bank_of_america_98502547.jpg

From Quora, the OP asked the following question:

What are some mind-blowing facts about Goldman Sachs?

Anonymous posted the following answer:

  1. The average employee compensation (salary + bonus) was $399,506 in 2012.

  2. Revenue per employee was $1.29m in 2012.

  3. Their top energy analyst predicted that oil would surge to $200 a barrel in 2008. He made the call in May when oil was trading at $105. It crashed to $30 a barrel four months later.

  4. Goldman only generates 14.4% of its revenue from investment banking. The bulk, 53%, is from sales & trading.

  5. Unlike their rivals, Goldman's equity research analysts never, ever go on TV to discuss their opinions.

UW a TL vs bridging a bond?

airball's picture
(Monkey, 63
 
Points)
 on 4/5/13 at 1:41am
BankDebt.jpg

Hi - quick question. Was listening to some of my MD's speak on this subject and I wanted to know - is there a specific difference in terms of both process, and risk?

Obviously if after underwriting a TLB, no one wants to buy it - you're stuck with 300mm in paper. Is this the same idea for bridging a high yield issue?

Thank you in advance (and please don't hesitate to tell me I'm completely wrong if so)

Appropriate IB hairstyle?

determined_m-effer's picture
(Monkey, 62
 
Points)
 on 3/12/13 at 2:14am

So, I want to know an appropriate hairstyle for investment bankers. I, generally, like to spike my hair up, but I'm not sure if that is appropriate in the IB world; here's a link of my hairstyle:

http://cdn.crushable.com/files/2009/10/khphotos173...

Look at the guy in the picture. Obviously, that's not a picture of me, but of someone with a similar hairstyle.

I know some of you are probably thinking, "What the fuck kinda question is this?" I know it's quite a dumbass question to ask, but I know bankers are anal about the smallest shit; so I don't want to standout for my hairstyle.

If this is not appropriate, please let me know what styles are appropriate for bankers.

Thanks for all your help guys, and God Bless!

if banks don't do OCR at your school

dinomonster's picture
(Monkey, 36
 
Points)
 on 3/8/13 at 5:49pm

i want to break into IB but major banks do not do OCR at my school in January-Feb when the resume due dates and interviews are. If i go to their website career section, they simply say to check with your school career center for dates. How can i still apply and make sure I am considered for the position?

Japan Market Making

4n0n43v3r's picture
(Chimp, 2
 
Points)
 on 2/18/13 at 7:14am

Does anyone here market make Japan cash? I'd like to speak over PM. I have an offer to trade Japan for a bank, but I'm worried about exit opps and transferability of skills.

Thanks

.

WeGoHam1's picture
(Baboon, 143
 
Points)
 on 2/12/13 at 2:03am

.

20 trillion shale oil find

kyleyboy's picture
HF
 
Points)
 on 1/23/13 at 4:08pm

http://mobile.news.com.au/business/companies/trill...

Holy shit, thoughts?
What is gonna happen here?
Number range is huge but still.
http://www.news.com.au/business/companies/trillion...

Background?

BradleyFitz's picture
(Chimp, 4
 
Points)
 on 1/9/13 at 12:22am

I've got a summer analyst offer for a BB in London. Background check is coming soon, just got a few questions!

In England, we do GCSE exams when we are 16, and A-levels when 18. On my application and CV, I misstated my GCSE result.... I said I got X Astars, whereas in fact I got X Astars and 1 A

Is this an issue? Panicking a bit....

Is Jos. A Bank really that bad?

MomentaLaugh's picture
(Orangutan, 282
 
Points)
 on 11/30/12 at 12:10am

I just went to their site and they're offering a "slim" line for their suits. Goes for $270. Now during their promotions where they give you basically 2 extra free suits, shirts, ties, etc.. Is this not a good deal?

If you're buying a slim suit for $270, you can go to a decent tailor to put in some upgrades. Then you can also do the same for the suits and shirts. Anyone buy from them?

Which industry does this job fall under?

redpringles's picture
(Monkey, 33
 
Points)
 on 11/16/12 at 5:12pm

Where would you put this position within WSO forums? This is for a bank.

"Digital Analytics Manager in Branded Cards Decision Management"

Is this corporate finance? Consulting? If I had to discuss this job, which forum here would I ask?

Thanks!

Books on Bank valuation

LeeteasY's picture
 
Points)
 on 11/13/12 at 2:25pm

Hey guys!

I'm interviewing with a FIG group and need to read up on bank valuation specifically and FI valuation in general. I am looking for a Rosenbaum-style book, such as Bank Valuation for dummies. Any recommendations?

Cheers

LeeteasY

Can you make sense of the ECB?

G.M.Trevelyan's picture
(Orangutan, 355
 
Points)
 on 11/10/12 at 3:00pm
ecb-daytime.jpg

Niall Ferguson has said the European Union (EU) is a perfect prophet for the weak willed Pro-Europeanists, often anxious academic personalities, trapped in their verbal formulas extracted from post-modern schools of Marxist thought, to be perennially defeated by circumstance; namely economic. They offer a self-exculpating cosmic explanation for the most normal professorial state of popular resentment, alienation, dithering passivity and inaction on the party of Brussels's bureaucrats and their own sovereign messes.

Beyond all of that though is another ivory tower; the European Central Bank (ECB).

Is it possible to "over network" with a particular office?

hoodinternet's picture
(Baboon, 123
 
Points)
 on 7/19/12 at 11:34am

I'm interested in working FT at a BB in a regional office that is fairly small (around 30 people) with about 10 analysts. The school I go to is a regional target so we have a few alumni there and I've met a few people at the firm already. I've had drinks with 2 analysts, coffee once with another 2 analysts, and met an analyst at an info session. I've also had a call with a VP at the firm earlier. One of the analysts I got drinks with said he could set me up with some other analysts that I haven't met yet and aren't alumni. I'm just wondering if I'm being too keen and may be "over networking" with this one office. Should I focus on the people I know now or should I try and meet all the analysts/associates I can?

What's it like in the South? Culture wise?

TheBlueCheese's picture
IB
 
Points)
 on 7/15/12 at 8:47pm

I'm currently an SA at a boutique IB firm who's summered in NYC the past two summers; lived in NJ for a long time before settling in different a suburb of a metropolitan area the past 10 yrs or so (permanent home).

I've always had this idea NYC or bust, and while I still have that for the couple few years after finishing school I've started having different outlooks. I met some true southern people over the summer and it got me thinking again what if I moved to somewhere in the south in the future? Somewhere like a Texas?

Besides the obvious stereotypes, what is your opinion on the Southern parts of the US? I've lived in the east coast, well developed parts all my life. What drastic changes might I face? Also, will me being non-Caucasian hurt me in some ways? (serious question)

Bank/Insurance Research Report

Mr.Machina's picture
ER
(Baboon, 100
 
Points)
 on 7/8/12 at 11:37pm

Does anybody have a research report for a financial services company they wouldn't mind showing me, preferably for an insurance company (a bank would work too though)? I am really trying to get a grasp on valuations/important metrics for these firms and would appreciate it.

Thanks in advance!

Deutsche Bank Commercial Real Estate

Rambo's picture
(Baboon, 150
 
Points)
 on 6/6/12 at 9:03pm

Question about Commercial Real Estate, which is listed under DB's "Corporate & Investment Banking".

Is this an IB group where you do M&A, debt raising...etc etc? Or is this more like Jones Lang Lasalle where you invest in physical properties, rather than in REITs?

Hypothetical Question

Bob123321's picture
(Chimp, 15
 
Points)
 on 5/21/12 at 12:49pm

Lets say I wanted to open an Investment bank what destination would be the best .
Would it be Hong Kong ? Singapore ? Cayman Islands ?

My first choice would be Hong Kong but since China has plans to re absorb it completely by 2020 it can prove to be a place of High political risk .

Any thoughts.

Thanks

Absolutely love banking

Bea.tallica's picture
(Chimp, 5
 
Points)
 on 4/13/12 at 12:52am
love banking.jpg

Been doing m&a / ECM for 2 years and am one of the few analysts who absolutely loves it. For example:

  • get a kick when I get a complex model working / make something from scratch
  • absolutely killer when seniors take me out for a client meeting and I get to exchange business cards and contribute to client discussions
  • love it when I get praised by VPs/MDs for being a 'good guy' and 'sharp'
  • feel great when I need to teach / explain stuff to interns and new joiners (no arrogance, treat them with complete respect)
  • love seeing the new analyst / intern class every year - smartest graduates in the country, all willing to give everything to succeed (though quite a few give up in 6months)
  • enjoy working with lot of different teams in banks to meet more and more TypeA people, see how they react to situations and how they operate in life in general
  • love networking all the time and increasing my contact base

Is this weird? For me it's hard to imagine life outside the bank / finance industry anymore in general...

Reimbursement for travel

Eli20's picture
O
(Monkey, 32
 
Points)
 on 4/5/12 at 2:26pm

I had a super day with a bulge bracket bank in new York in February. I didnt end up getting an offer. They paid for my airfare but they also gave me a form to fill out if I wanted them to reimburse for meals and other transportation. That day, I paid for a taxi and a few meals. I haven't submitted my receipts or the form yet. Would it look bad if I sent in the reimbursement stuff now since its more than a month later? There was no deadline on the forms.

Battery park roommate for June lease wanted

hft12345's picture
 
Points)
 on 3/31/12 at 4:39pm

Hi all,

I'm starting full-time as an associate (S&T) at a bank early June. (If you are starting in July, I can probably scrape by with the expectation that you will move in beginning of July). I am a single male in his mid 20s. Studio rent is looking pretty steep in the $2500-$3000 range (and inventory is thin), while 1BR rent is looking much more reasonable at around $3000-$3500.

I'm looking for a single (as in one person) roommate for a 1BR June lease in Battery Park (buildings such as Tribeca Pointe, 22 River Terrace, Liberty Court, Riverwatch, etc.). My price range is between $1500-$2000.

Sophomore Securities Superday

acc22's picture
 
Points)
 on 2/27/12 at 6:45pm

I have a superday this week with the Securities division of GS. It is for a sophomore program, and I am from a non-target school. I posted a few weeks back in a different forum but didn't get a lot of responses. After searching around I couldn't find anything extremely close to my situation, so I wanted to see if anyone had any additional advice or information since this is my first superday.

Also, if anyone else has been invited to this superday maybe we could get a group and get dinner or something after to discuss how things went.

Thanks!

Deutsche Bank and J.P. Morgan Superdays (2012) all over?

DreamMonkey's picture
 
Points)
 on 2/11/12 at 7:14pm

Are DB and JPMC 2012 SA Superdays all over? Applied through an associate (at each bank) contact but I haven't heard anything. Both are for IB

Note: I'm a non target

What Bank for Checking Account?

WannabeBanker740's picture
 
Points)
 on 2/8/12 at 8:58pm

So this may be a silly question, but I have no idea so I am going to ask you guys. I have a small bank from my home town that I use, but I want to use a bigger bank that is widespread in NY for when I start working. I waited until I got a job because I thought that if I got a job a JPMorgan, I would get a Chase account, and if it were Citi I would get a Citibank account, etc. I thought it might not look that great if I worked at Citi and had a Chase bank account, etc.

But I am going to be working at Goldman, so what bank do you guys recommend me using? Preferably one that has an ATM somewhere close to 200 West St

Weekend Wars: Miners vs. Bankers

Midas Mulligan Magoo's picture
 
Points)
 on 11/20/11 at 1:12pm
,

Ok, so you guys have read me ranting on the subject of physical labor and commodity related endeavors for a while now. For those who do not know, I prefer the outdoors and manual labor to the white collar world. For the better part of the last American century, this sort of career choice would have placed me in the proverbial panting and pussified 99% of today.

Things have changed greatly over the past few years, however, and it does seem that working hard in the field is once again becoming the average guy's best chance at striking it rich.

Few stories better encapsulate the phenomenon than that of James Dinnison, a 25 year old high school dropout banking $200,000 a year running drills in underground mines.

Big 4 Corporate Finance internship --> IB grad-schemes?

hia10sb's picture
(Chimp, 4
 
Points)
 on 11/9/11 at 10:41am

I have an internship for summer 2012 in a big 4 firm for a couple of months within the equivalent of CF. Not sure what I would do if I were made a full-time offer, but at this point in time I know that IB (IBD) is something I want to go into.

What I am wondering is if that internship will be enough to get me past the application stages? I need to stand out in some way, I don't go to a target uni although I hardly attend somewhere bad.

Thanks!

What Is A Bank?

A bank in the general sense is simply a financial institution which receives customer deposits. Due to the fact that banks have control over the money of the general population, they are usually highly regulated by the government and central bank.

There are two kinds of bank:

  • Investment Bank - provides financial services such as asset management, corporate finance, sales & trading, equity research
  • Commercial / Retail Bank – manages the money of customers in savings accounts, current accounts and provides services such as loans, credit cards etc.

Related Terms

Qatalyst

Buyside's picture
O
(Baboon, 157
 
Points)
 on 10/11/11 at 8:09pm

I know their pay is much higher than normal but do anyone know what associates/ VP's pull in all in comp? 1st year associate? 2nd? 3rd? 1st year VP? 2nd? 3rd? Just wondering. Oh, and for those who think only Wharton kids get offers there, that's not true. I see they have an associate from Cornell...

Applying to different geographical offices for the same bank?

drstrangelove's picture
(Baboon, 160
 
Points)
 on 9/18/11 at 3:39am

Just wondering how banks feel about candidates applying to multiple offices at the same bank for an SA. For example, applying to Citi bank for IBD in both New York and London if you have contacts at both offices.

Pacific Crest

CuriousMonkey55's picture
(Chimp, 4
 
Points)
 on 9/15/11 at 8:06pm

Their website says they've got the top ranked tech sales trading group and a top tech research group. They also have a bunch of IPO deals listed (some bad ones like zillow, but some good ones too). Has anyone heard of them, worked with them, have any idea where they recruit, comp, etc?