Goldman Sachs apprenticeship
GS just offered an apprenticeship, taking on 10 people for the year 2022, and I was wondering what people thoughts on them are?
For the Americans and everyone else that doesn't have this perk, the government will pay your employer 95% of the cost it takes to put you through university and training while you get paid a salary minimum is £4.50 an hour working out to $6 or there about, and you gain on hand work experience by working 4 days a week and studying for one.
So you end up with no student debt and work experience and a network in the firm at the tender age of 18-20.The programme is 4 years long with a degree in applied finance from queen Mary being the end result and a permanent job offer in 90% of cases. And is in their capital markets division which is a big division for Goldman.
Personally I think it's great, I have a second language and programming skills (albeit beginner) and a portfolio which I can show them with returns of 20% for 2021 which is more than a lot of hedge funds can say. And my equivalent to A-levels is AAA (I took a BTEC) (for americans the grade equivalent is a 3.5-4.0 GPA.), my only down side is my GCSE with no grade being higher than 5 (2.5 GPA/B)So was wondering what you good people thought of this?
Goldman has stated there will only be 10 spaces on this program for the whole of the UK. 10… that should give you some perspective.
Yea I mean it is first year, by comparison JP Morgan who have been doing this for a couple of years, take in 70 apprentices each year with full time offers at the end of it.
Edit: they just announced 120 for this year
What's the job description? Unfortunately, it's most likely back office. I'd be very surprised if any IB was offering FO apprenticeships. I've also seen UBS offering something similar: 4 years, degree in applied finance etc. It also says it can be in UBS' IB/ ER divisions, however it's in operations for that division, so essentially BO. It sounds like the GS one you're describing is similar. There's nothing wrong with BO, just if you want go FO, making the switch is very hard. Though I'm sure it's possible, especially now considering the insane deal flow!
I may be wrong however; a job description would clear things up. Or reach out to someone at GS...
iirc it’s a trading floor thing
JPM and GS ones claim to be fully client facing. You will basically be the analyst there but just less paid £20-£23k and for 4 years. yea UBS one I know is crap which is why I’m not even considering it.
I wouldn’t go to Queen Mary even if they paid me. Same with KCL.
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