Goldman Sachs corporate derivatives (IBD, not equity deratives in S&T)

I understand this Group sits alongside the other IBD teams (cap markets, M&A) and hedges risk (through fx, interest rates, etc.) resulting from an underlying transaction (like a bond issue or a merger).

My questions are:

1) Is the group mainly traders and structurers who trade on behalf of a client following a M&A or a DCM/ECM deal? How is it different to the actual trading desks that do trades for the bank's clients? I think the Group used to be part of Securities until it was moved into IBD a few years ago?

2) How's this group viewed within the bank? I understand it's front office, but is it "second fiddle" to the IBD team executing the main deal? (I realise this may be completely misplaced).

3) Any experience on hours, comp, etc?

Thank you.

2 Comments
 
 

Quia perspiciatis modi ut non et dolorem. Quia velit amet ratione dicta nobis. Quod porro dolorum saepe qui laboriosam.

Iste minus praesentium dolor rem voluptatem eos harum. Minus est placeat enim vitae quisquam deleniti ea. Eum laboriosam et non magni vel quasi aut.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”