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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

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Dealflow is good, but reputation is kinda low especially in the eyes of others at GS / GS alum.

 

Thanks - Do you know anything about comp and exit opportunities? I know the group is pretty young, so it might be a small sample size.  

 

Yep. Small sample size, but historically exits have been worse than other groups at GS but on par with decent groups at other BBs. 

In terms of comp, not too sure but would assume same base and maybe slightly lower bonuses.

 

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