Goldman Sachs AM - Product Development + Product Management

Do you guys know what these groups actually do? The postings online are very vague - I don't even know whether they are considered FO/MO or BO.

http://www.goldmansachs.com/a/data/jobs/28951.html

http://www.goldmansachs.com/a/data/jobs/28952.html

 

I'm interested in this as well. These roles can be highly variable depending on the bank and group, but from what I've gathered it's a hybrid role where you help create investment solutions for clients and work with the clients to satisfy their objectives as well as do presentations and other more "salesy" type stuff. It's not pure investment research but definitely not a total sales role either.

 

Yeah so this is definitely more FO than BO right? I am amazed how their groups' descriptions sound kind of similar and even the names are mouthful: Product Strategy, Product Development or Product Strategy, Product Management.

I am not 100% into sales but if it is a hybrid of sales and research and that sounds definitely better.

 

The Product Development role is going to be the most technical. It is going to be focused around finding out what the Third Party Distributors (anyone who is selling GS asset mgmt products to retail or institutional clients) want, and then creating it for them. The Product Management role is going to be more sales oriented. You would be focused on maximizing the utilization by the TPDs of GS product. It sounds very similiar to an internal wholesaler role where you would be setting meetings for the wholesalers with the TPDs to discuss a specific product and also distributing research and data to the TPDs with the intention of increasing the sales of your GS product.

 
Best Response

As mentioned above, Product development roles in AM typically involve developing new investment products/solution that are hot in the market (clients are demanding them and other AM firms have been launching them) or that the team sees as being a big opportunity that clients will demand in the next year or two. This role is more analytical as you have to do alot of research into current trends in the AM industry, competitive analysis, macro analysis and would involve working with wholesalers to see whats working and where the companies product offerings are lacking relative to what clients are asking for.

As for product management, I have a friend that works in that type of role for a major AM firm and from what i've been told you are typically assigned a number of funds and are expected to be an expert in that area (equity funds, fixed income funds etc.) and serve as a main point of contact for wholesalers and work closely with the PMs to analyze performance, write performance reports, educate wholesalers, and occasionally give presentations/answer questions that aren't necessarily important enough for the PM to take care of so that the PM isn't constantly being harassed.

In terms of compensation, i'm not really too sure but significantly less than the analysts/PM for the funds.

 

Great - What do you guys think about the exit opportunities of these jobs and also positioning for M7, esp from a firm like Goldman Sachs?

Since both Product Dev and Management are client-facing I assume they would be considered FO since they are either developing/creating products for clients and assisting in selling of these products?

 

Thanks shorttheworld! But in terms of interviews, I'm curious what kind of technicals they would ask. Can you be a little more specific? Any inputs will be helpful. Thanks!

 

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