I have a phone interview with GS Investment banking leverage finance group if anyone can please help me prepare, or tell me more about what this group does that would be greatly appreciated. Thank you in advance!!!!
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How did you get an interview if you don't know what the group does?
I'm going to take a wild guess and say they do LEVERAGED FINANCE.
GTFO....people like you make me mad
Let's not hate on the guy, I just have no idea how your resume can look good enough for GS, yet you don't know what a very popular group does
they work w/ a lot of PE clients probably.
OP, check your messages pls.
i had a superday with them recently.
to be honest, not a very impressive group. definitely plays second fiddle to the industry groups at goldman. their main role is to provide pricing and terms for deals. the industry groups generally run the model, and levfin will usually provide debt specific support for whatever deals the industry groups are doing.
analysts are staffed directly into an industry vertical. so basically u might be the levfin analyst focused on paper and packaging. or industrials. and that will be what u do for the next 2 years.
but overall, it isn't bad. it has the goldman brandname, but the expeirence definitely did not sound very technical. it is more of a markets role than a traditional levfin or a corporate finance role.
pm me if u have quesitons.
@ GS you definitely want an industry group as they do in house modeling
Goldman Lev Fin Interview Advice (Originally Posted: 06/03/2011)
Does anybody have any advice for Lev Fin superday interviews at Goldman Sachs? What sorts of Lev Fin specific questions will I likely get? Good to know LBO modeling? What's a good way to get a handle on recent debt market trends?
do you have bloomberg at your office, check on the leverage finance articles? I assume this is for the lateral position they were recruiting for.
It's always good to know LBO, and if you are a lateral, you should know it cold by now.
True: this is for a lateral position but I'm coming from a real estate IBD boutique with no prior exposure to LBO's or debt markets. So at the very least I should:
Anything else?
know what's going on in the HY bond / lev loans mkt very well. by that i mean, any important new issues across an array of different sectors, how secondary levels are trading and what spreads are doing, trends of various HY indices, any interesting happenings (i.e. cov-lite in xyz issuances, refis are being done at x leverage, etc.)
whats your background?
Real estate IBD boutique. DCF asset valuation is the only thing I know really well from my job. I'm looking for corporate finance opportunities which is why I applied. Target undergrad (2010) but extremely liberal arts background while there.
hm i have afriend who interviewed there a while ago, he said it was pretty lax. just the basics were asked. was your undergrad major at least somewhat mathematical? I think that plays a lot in them determining how "technically" oriented you are.
also, how was your 1st round? that will be revealing as well. good luck bud
Interesting - they're doing superdays now? I guess this is a lateral move.
OP, just curious, did you get this via the OneWire posting?
GS LevFin Syndicate Interview Help! (Originally Posted: 12/04/2010)
Hey guys,
Was hoping to get some helpful tips on how to prepare for this interview. In researching the forums I've found some posts from just the past few months which ask the same questions but I was hoping for specific techincal/current-event related questions you think one could expect. Rather than a description of what Lev Fin does etc.
I 've read that at GS the industry groups handle the bulk of the analysis work and from my understanding the Lev Fin group only handles pricing and terms. If this is incorrect, please do let me know. Also, this is on the syndicate side of the group which is also more markets facing.
What's the general perception on Leveraged Finance nowadays? Clearly, it's not what it was a few years ago bu in terms of exit opps to the buyside, would it help out at all or would it be more of the brand name (Goldman Sachs)?
Lev Fin has been experiencing white hot deal flow this year... I think it's a great opportunity as I have some friends right now in Lev Fin groups who are getting crushed = getting staffed on lots of deals... exit opps are what you make of them but if you can get into GS Lev Fin you're looking pretty good!
Check out the resume and blog of Joyce Meng. Google her. She pumped GS Lev Fin for a while.
I always looked at Lev Fin as a sweet-ass internship opportunity but not a sweet-ass full-tiime gig.
It's a pain in the ass to transition from the markets side into PE. (Although I've never worked in Lev Fin and only know this from talking to guys who are trying to make the move).
Some lev fin groups are really good for buyside, some aren't that great. The problem is that different banks structure the groups differently - some have it as more of a markets-oriented role, while at others it also handles all of the modelling and analysis work too.
I believe at goldman most of the actual analysis is kept within the industry groups and lev fin functions more as a high yield capital markets / leveraged loan Capital Markets Group, especially if you are on the syndicate side as you point out. Transitioning to traditional PE roles from a syndicate group is not easy at all.
On the other hand, though, lev fin markets are on fire right now and that is a very good area to be in right now.
you're correct. GS LevFin is essentially like capital markets where you provide pricing for the industry groups for LevFin deals. It's very markets and investor oriented.
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