I am looking into applying for Goldman Sachs and was wondering if anyone could tell me more about their different divisions. Which is generally the best to work for (e.g. investment banking division, finance, technology, etc.) and which is most realistic if I do not have any prior finance experience? Also, does anyone know if the off cycle internships/work study placements are offered in the US?
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Investment Banking (IBD)
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S&T ok jokes aside, it really depends on what you want..no one can tell you what the best division is
You're not getting a job with no prior finance experience and no idea what you want to do.
Thanks for the replies, I figured IBD was the core...are there other divisions that are also well regarded (I know it's all subjective of course). And yes, I am not that optimistic about my chances but figure it can't hurt to try. What are interviews usually like for IBD jobs at top banks? I know consulting has case interviews, what sorts of things do they typically ask in banking interviews? On the one hand I would think they would ask very technical/math/econ questions, but on the other hand, i-banking at least a couple of years ago did softer majors from the top school I went to and training them on the spot, so is it just fit questions (still)?
If we're talking revenue, IBD aint the core. S&T is.
On the other hand, stop being an idiot and just read the forum.
What do you want to apply for FT or internship?
Top Groups at GS (aside from TMT/FIG) (Originally Posted: 03/04/2010)
yeah, i ran a search but there's really been no substantive discussion about the top groups at GS outside of TMT and FIG. let's assume that TMT is ultra-competitive and out of reach, and FIG is too specialized for my liking. any thoughts on analyst experience (steady dealflow, transaction execution, culture, etc.) and exit opps for these groups?
Consumer/Retail Healthcare Natural Resources Industrials Leveraged Finance (in Financing Group)
Yeah, I'd also like to know more about this.
And add Real Estate and Financial Sponsors to this list as well.
bump
same here!
bump
.
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this is a stupid thread.
haha is TMT the only group people know about?
Honestly, it's GS. Stop worrying about which group within the best bank, outside of the best groups, is...best...and focus on getting into GS and then going where you think you will fit in and enjoy your time the most. In other words, go for the team fit and go for the industry or product that you are most interested in and where you see your interests going in the future. For example, if you like energy and power and are interested in P/E post IB, then go for natural resources or Lev Fin (out of those listed) - obviously healthcare or consumer and retail wouldn't help you much regarding your goals.
Scroll back to the top of this page and use the search function on the right hand side, just above the twitter/fb/rss buttons. Then visit Mergers & Inquisitions and read every word on the site. It helped me.
Best of luck in your search.
GS Division: Relative Difficulties (Originally Posted: 07/31/2013)
I will be applying for multiple GS summer analyst positions this upcoming year. I will be applying to: Atlanta-PWM NYC-PWM NYC-Asset Mgt
I feel these are the best options considering I have no previous internship experience. We all know that the IBD summer analyst program is the most competitive, my question is how would these divisions compare when it comes to competitiveness? This question does not concern my credentials, but rather comparative difficulty between summer analyst positions at GS.
Thank you.
Of the three groups left, I would bet on Asset Mgmt in NYC (GSAM) as being the most competitive - it is an obvious track to the buy side (with many potential lateral opportunities down the road). For Atlanta PWM, you'll probably be going up against mostly local candidates? Just my two cents...
NYC AM would might not have as many top candidate as IBD
but it will have more than enough to fill their program and to make getting in very, very hard
What Goldman Group (Originally Posted: 07/18/2012)
I know this has been talked about before, but I want to have a new discussion because a lot of the previous ones were a couple years old. Which group would you go into if you had to choose a group at Goldman? I am going to say no TMT right away, because that just doesn't interest me. So, which ones would you guys rank in terms of exit opps, experience, group culture, etc of FIG, Consumer/ Retail, Industrials,and Healthcare? Those groups are my top choices, probably industrials and Consumer more than the other 2, however.
This is a stupid ass question. Pursue what genuinely interests YOU. You will only achieve so much success (you will plateau) if all you do is follow the money. A FO job at GS is an absolutely incredible opportunity and one would be fine with any one of their groups at the analyst level. You've already ruled out TMT for a legitimate reason - apply the same logic to other sectors. Become the best at what you love and all the exit opps in the world will be presented to you on a silver platter.
Well thats the issue, I like Industrials and Consumer/ Retail, and maybe FIG just the same. So I can't choose based on that, so I have to go to secondary considerations.
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