Goldman Sachs CMG

Goldman Sachs' Cross Markets Group (CMG) is a relatively new IBD group that focuses on M&A and financing transactions, primarily targeting middle-market (MM) companies. Here's what you need to know based on the most helpful WSO content:

1. Deal Flow:

   • The group is reported to have "insane deal flow" and generates a significant portion of revenue for Goldman Sachs' IBD.
   • It has been described as a growing team with strong leadership support, which ensures consistent exposure to deals.

2. Work-Life Balance:

   • Specific details on work-life balance are not explicitly mentioned in the dataset, but given the high deal flow, it is likely demanding, as is typical in investment banking.

3. Reputation:

   • The group is gaining traction and is seen as a strong player within GS.
   • Exit opportunities are noted to be strong, with second-year analysts reportedly moving to reputable buy-side shops.

Overall, CMG is positioned as a solid group within Goldman Sachs, especially for those interested in middle-market transactions and strong deal exposure.

Sources: Goldman Sachs' New IBD Group, https://www.wallstreetoasis.com/forum/investment-banking/2017-investment-banking-report-8-key-trends-to-know?customgpt=1, GS Cross Markets vs RBC, Thoughts on Barclays in 2020, London IBD Cultural Differentiators between GS/MS/JPM