What are everyone's thoughts on the best groups in GS London? Also, as a SA, should I try and push for 2 M&A groups, rather than working in both financing (probably in something like LevFin) and M&A?
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interested as well.
I'm pretty sure its still TMT, FIG and NatRes.
For M&A deal flow, TMT / FIG. But as an SA, seriously, just CTFO.
I thought GS had changed its structure in London to a pool for Analysts and Associates split by (i) Northern Europe annd (ii) Southern Europe groups? VP and above are still in the industry / country matrix as far as I'm aware. I think the product groups have not changed (e.g. LevFin, ECM, etc.). I would pick a traditional IBD team over the product groups just to get a broader and more generalist experience.
GS London group selection HELP! (Originally Posted: 01/16/2010)
Hi all,
I recently did a first round at GS london for SA and the VP who interviewed me really liked me. In return to my "Thank you email", he just said "you were the best candidate I saw yesterday, I would love to have you in my team"
He is in the UK coverage team that does all M&A, ECM and DCM within UK. Does anyone know if this is a strong group in GS London?
Or else, what groups are considered top in GS London?
BTW, I am asian hence would like to go back to Asia/HK/China eventually, would that affect which team I might want to enter? Also hopefully exits for me are Business School and PE..
UK coverage team is a good team in GS london you'll get a lot of general exposure. You'll work cross industry and therefore won't have speciality but I don't personally think that's a real issue. Team rep in GS London is good; I know some people there and am generally impressed. Exit ops are solid.
Thanks jjpp18, I am still confused about country coverage teams.... is it mainly pitching or execution? seems to be a mezz group between industry and product
Takeover code means its quite common to have a UK m&a team. Not certain but pretty sure GS group does some pitching (linked with the sector teams) and handles execution, though sector team won't be totally out of this either.
Not entirely sure about ECM/DCM - don't think they lead in eitehr though haven't discussed this with my contacts there.
x
lol yeah they probably said that to a no of candidates.
and 2nd point is that it is highly probable that you'll have a second round.
However i'd like to know how's the second round like? more technical? more behaviuoural? math based? excel?
That's the question you should ask i think coz goldman never hires after a single round
Global Natural Resources is a good group in London. So is TMT and FIG.
GS SA IBD London - team choices + conversion (Originally Posted: 03/26/2015)
Hi all,
I'll be doing my SA at GS in London, this summer and looking for a bit of advice
1)I have to choose two rotations (1 5week, 1 4week) does anyone have ideas about their best teams? At the moment I'm looking at doing 1 in M&A and 1 in LevFin but not sure how splitting the 9weeks across two different teams (as opposed to just doing M&A the whole time) will affect conversion. Also, if anyone has any suggestions for a good team to join, I'd welcome options
2) the second point is whether anyone has any idea of conversion rates? I've heard a lot of variety and some clarity would be great!
Thanks a lot
In GS London, TMTI M&A is known by being not only a top team but also a fair one at the end of the summer to their interns (i.e. the team converts a lot).
If you want to maximize your chances of conversion I'd do the 5w in M&A and only if you are really keen on LevFin then the 4w there. However, be aware that if you get an offer from the LevFin team and if the team really pushes for you, chances are that you will end up there as an Analyst (this happens as M&A teams end up having a larger pool of "applicants" and don't really bother to "loose" one incoming Analyst).
Also, deep down it will be valued that you show that you know what you want (M&A) and it will be easier for you to stand out in the second part of the internsip (i.e. less stuff to be learned from scratch) if you do a second rotation in M&A.
Finally, in GS London conversion rates have been around 60% (I would say 2 out 3 interns get the job, actually) in the past. This number is also pretty much the average across banks here in London.
Hope this helps mate
Thanks a lot, this was all really useful!
GS London Teams (Originally Posted: 08/05/2014)
Out of curiosity, what GS London teams are considered the strongest?
I know TMT and FIG are meant to be their best in the US, is this true in the UK? Also, what are the hours/culture like in the different teams?
interested as well, any thoughts on the subject?
they pooled their juniors a while back on the M&A side of things. Its southern Europe & Northern Europe. FIG is still a team aside of that. So if you are in one of the two you can work on a range of things, obviously if you fancy one industry you can get your staffer to predominantly throw you projects in that area. Healthcare used to be the prime team when they still had the industry teams on the junior level
Help me rank GS london research groups (Originally Posted: 05/04/2010)
Friend has a FT offer with GIR and would like some info on the groups as he/she has to pick top 3 choices from; Insurance Oil and gas Consumer staples Banks Sustain Business services Pharma Renewables Mid cap
Alternatively, it would help if someone could send me a copy of the II reports/rankings as I'm sure that would aid the decision process.
Thanks
sorry to sidetrack, but I also have a question....is GIR = ER or does it also include fixed income researchl derivatives research etc?
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