How easy would it be to get a FO role with Goldman at Salt Lake City, (or any other 'BIG NAME' at their smaller/less prestigious locations)? (As opposed to a FO role at a better location)
-Would it be worth it to take a role at one of these less desirable locations just for the big name and experience on your resume?
-Do people from these smaller shops often (or have the opportunity to) transfer to a larger city/more 'important' location once gaining experience?
-Does simply having the big name increase your exit opportunities despite it being a smaller location with less responsibility?
-Does having this smaller role under a bigger name help with admissions to b-school?
TL;DR: is it worth it to take the plunge into the small pond (still big name), and does it lead to increased future prospects? What are the trade-offs here, and is the lower pay worth it? (Same goes for the Alpharetta, Southfield, and Irving offices)
Edit: how would one go about recruiting at GS SLC specifically? Same goes
Bump. Also curious. Very interested in GS SLC as I have family there : - )
The following is based on talking to an aquaintance in that office and from chatting with one of their recruiters on the phone once, so it's by no means expert testimony.
Obviously the name is strong, but you'll face an uphill battle trying to exit into the usual spots in NY, SF, Chicago. I expect you're better off taking a FO gig at a solid MM shop IF you want to exit banking in the normal 1.5-2 years.
People work in SLC for 2 years and then do another year or 2 elsewhere, which puts them behind the normal curve. Talked to the recruiter about a risk role but he happened to mention other jobs working with the NY teams work the same way. The ibanking program is pretty new, I think.
No idea about B-school placement, but I imagine pulling off 2 years in SLC, 2 years in NY, and then some time at a solid PE shop, for instance, would give someone a competitive profile. Note that the key thing in all of that is everything NOT related to working in SLC. Someone else can hopefully provide more insight.
So in short, it's worth it if you lack other good FO offers or really want to be in SLC.
The base pay seems ok for the CoL, like $48-50k for an analyst. Have heard BO and FO get the same base. Also heard bonuses are like $20k, though. I don't think they have FO associates, but base pay for the associates in that office starts at $65k.
I got a message on LinkedIn. At the time, I was a senior analyst in an unrelated industry, and I got the feeling they would have wanted me to start as a fresh analyst. I didn't pursue the opportunity any further. Guessing FO analyst recruiting happens mostly at like BYU and maybe USC, UCLA, etc.
So for b-school, the two years at SLC wouldn't be enough despite being able to say you were a GS FO role? Do b-schools see the SLC location as "less" (for lack of a better term) ?
My understanding is that it is a "less" type of role. You're doing work that's been outsourced from other offices.
Understood. I'm wondering how much scrutiny would it get from an admissions office, as in would they view you as a less qualified applicant as someone who was an analyst in ny or are they not that nitpicky?
Couldn't say. Most people use it to try and lateral.
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