Goldman Middle Market (Cross Markets Group)
Any updated thoughts on Goldman’s middle market group? Curious about deal flow, deal size, hours, culture. Also is the group generalist? Seems like they are moving toward specific verticals so information on specific verticals would be very helpful - specifically TMT, consumer and industrials.
Very hard to research which deals are being done by GS’ main coverage groups or the middle market team.
How would you evaluate this group vs another BB/EB?
Looking at this team from a career banker perspective vs focus on exits.
Where does this group sit ? NY?
They sit in NYC with the other Goldman IB groups.
Their MM group is still solid and gets a pretty good chunk of deal flow as they are often cited internally as getting credit for a lot of the sub-mega deals. They are working pretty hard and it's viewed as a growth area for the firm, though obviously still a worse group to be in than regular Goldman coverage. I am going to get MS for this because this forum jerks off fund name, but as a Goldman analyst IMO I would rather be at any standard coverage group at a top BB/EB over the Goldman MM group and also would rather be in any top group at the other BB's over the group. Ultimately, it's still an MM group, and headhunters know this so your interviews are just materially going to be worse. Before anyone pulls up the few exits into MF's, it's a bit of self-selection as these kids all got Goldman offers. From knowing analysts in the group, they simply do not get as much respect from headhunters nor as many interviews for the big MF/UMM firms though of course you might be able to get some and the name does go pretty far in the general corporate world since it's Goldman.
Thanks any insight on culture/hours?
Bump
Great group, solid deal flow
Def good software deals that come through their pipeline, I’m just unsure how it’s split. For example, I was told by one of the SF TMT VPs that the Seattle MM group covers both Amazon and Microsoft since the MD with those relationships is based out of Seattle and that when the SF group gets really jammed they send a lot of deals up that way. Also mentioned that it’s like 50% tech and 50% generalist. I’m sure NYC probably does tech deals as well and definitely think the exits are WAY better than the Seattle team (they only have like 8 people in the office and have heard many can’t find good exits but that was just through rumor)
GS is a great name and I’m sure MM work there is solid. Exits shouldn’t be a problem
Their juniors get pretty good live deal experience.
As a recent example, the juniors in CMG just executed the Pepsi acquiring Poppi deal that announced a few days ago (GS was on the sell-side). They were also somehow on QXO acquiring Beacon Roofing for $11bn that announced today.
I would take them over a lot of traditional coverage groups at other lower-ranked banks. In fact, when I was at another BB in a traditional coverage group, we even lost a few deals to this group.
.
Bump anything on culture? Also keen to get any senior views on the group.
Bump
Bump
Any insights about the digital infra team there?
Consequuntur repellendus perspiciatis laudantium eligendi architecto possimus. Doloremque sunt aut aut quas. Voluptatem dolore aut eveniet atque sunt dolor vel. Excepturi sed similique illo ducimus. Harum ullam ipsa voluptas quis tempore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...