Goldman Sachs IBD Industrials M&A Group London

Question

Hi everyone, I wanted to open this thread to get an updated view on how the Industrials team at GS London has fared since the TMT/I split. 
Any perspectives on culture (changes) and exit opportunities?

ebitdac2020 · Accepted Answer

Good question, but frankly a little hard to generalize just given the multiple verticals the Industrials team of any given bank usually covers (Automotive, Aerospace, Transportation, Packaging, Building Materials, Business Services just to name a few), with some banks holding very strong relationships in some (eg.

ebitdac2020 · Answer

GS hosts a breakfast event for summer interns from other banks every year (usually in August), allowing attendees to network with different industry and financing teams. This year, due to COVID-19, this will either not happen at all or will be held virtually (guessing the latter).

ebitdac2020 · Answer

Industrials sector is obviously taking a hit right now. However, layoffs on the most junior level are rather unlikely. If anything, they simply won't hire as many people for the next analyst class or will trim fat where it is most obvious / P&L effective (usually VP level). Neither is particularly realistic in my opinion through as this is not a systemic crisis and things are slowly starting to recover, i.e.

ebitdac2020 · Answer

Good question. There is not one right approach, and others might think differently about it, but more generally networking in London is a bit of a mixed bag. It is not required here to get a job (relative to its importance in the States), hence not everyone is receptive of it when you reach out.

Easiest might be to look for anyone in your broader network that either interns or currently works at GS and approach him / her, indicating that you would like to know more about working at GS etc.

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Goldman Sachs IBD Industrials M&A Group London

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