Goldman Sachs Corporate Derivatives
There hasn't been any recent discussion on Goldman's corporate derivatives group. According to the new CEO, "the firm is particularly pursuing revenues in corporate derivatives. It currently ranks fourth in this market, and therefore has an opportunity to grow".
From reading online, the corporate derivatives group sits in the Financing Arm of the Investment Banking Division, but appears to be more of a hybrid between IB & S&T. Does anyone have any up-to-date insight onto job responsibilities/overall quality of experience/exit ops in relation to more traditional IB routes, especially at the analyst/junior banker level (e.g. compared to Classic banking or even LevFin in the financing group)?
Ok so seems like 4 people within the last year got internship offers to join Eric Jordan and the corporate derivatives team, nowadays combined into IGCMRM.
unless you really like interest rate swaps and cross currency swaps, don’t pick this place to intern. It’s really just a swaps marketing desk that sits on the banking side because it works with corporates (instead of funds). the group is super lucrative because they can charge insane spreads for each deal because corporates really don’t know any better. but from an intellectual perspective it’s lacking. there are some really smart people in the group though that work to create new derivative products to pitch corporates to fit some niche needs. as a result, there are zero exit opps from this seat. I’ve heard of one person going to Bridgewater, so I guess technically you could go to a macro fund since that’s the only place rates/derivatives are probably valued. most people leave for different groups after 2 years and the few who stay become MDs pretty quick (9-10 years from undergrad). there was a woman who became a partner from analyst within 12 years.
if you want to know more tell me and I can PM you. I used to work in that group.