Goldman Sachs AWM multi asset solutions
Does anyone have any information on what the team does (It’s a pretty broad job posting). I applied for an analyst role coming from back office (think IA/HCM back office). What does the comp, skill set needed, work hours/ work life balance look like, and overall will this open more doors within AWM down the line?
My overall goal is to move into RE investing but can’t rn and plan to at least be in the investing space and network my way in. Thoughts?
Based on the most helpful WSO content, the GSAM Multi Asset Solutions team at Goldman Sachs Asset Management (GSAM) is involved in managing investment portfolios that include a mix of assets such as stocks, bonds, and other securities. Here's a breakdown of what you can expect regarding the role, skills, compensation, work-life balance, and career progression:
Daily Responsibilities: The team's responsibilities likely include conducting market research, developing investment strategies, asset allocation, risk management, and possibly client communication. Analysts may assist in these areas and handle data analysis and financial modeling.
Skill Set Needed: A strong foundation in financial analysis and modeling is crucial. Proficiency in Excel and familiarity with financial databases and software will be beneficial. Soft skills like communication, teamwork, and problem-solving are also important.
Compensation: While specific figures for GSAM Multi Asset Solutions aren't provided, compensation in asset management roles at Goldman Sachs is competitive. It typically includes a base salary and a performance-based bonus.
Work Hours/Work-Life Balance: Asset management roles can be demanding, but they are generally considered to have better work-life balance compared to investment banking. Expect to work long hours, but less than the typical 80-100 hours per week in IB.
Career Progression: Working in GSAM Multi Asset Solutions can open doors within Asset Wealth Management (AWM), especially if you're proactive in networking and demonstrating your interest in real estate investing. It's a good stepping stone that places you closer to the investment space.
Networking: To transition into real estate investing, use your position to build relationships with colleagues in the real estate teams and express your interest in moving into that area. Attend internal networking events and seek mentorship within the firm.
Remember, while this role may not be directly in real estate investing, the skills and network you build here can be instrumental in achieving your long-term goal. Keep learning, stay curious, and network effectively within AWM to pave your path towards real estate investing.
Sources: GSAM Multi Asset Solutions, Goldman Sachs MBD vs. SSG vs. MSI, Private Wealth Management/Private Banking Guide for Associates, Goldman Sachs PWM Financial Analyst, Goldman Sachs Multi-Strategy Investing Group
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