I just got a superday invite for an analyst role in GS's Corporate Derivatives / Solutions Team (under Financing Group).
Wondering if anyone has any tips on what technicals to prepare for?
| +197 | Americas M&A League Table Q2 Updated | 79 | 1h |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 38 | 21h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +101 | IB Net Worth / Savings Check | 47 | 9h |
| +91 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 11h |
| +77 | Stop sleeping on UBS - it’s pretty good | 26 | 16m |
| +51 | 2026 VAULT PRESTIGE RANKINGS | 29 | 1d |
| +39 | AI + Financial Modelling | 12 | 22h |
| +28 | Summer before college | 17 | 11h |
| +27 | Hardest interview experiences? | 16 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the highest ranked content on WSO, here are some tips for preparing for technicals for a superday at Goldman Sachs:
Know Your Resume Inside and Out:
Technical Knowledge:
Behavioral and Situational Questions:
Firm Knowledge:
General Tips:
By following these guidelines, you can be well-prepared for your superday at Goldman Sachs. Good luck!
Sources: GS 2018 Superday, Superday Prep Checklist Format, What was your approach preparing for technicals? Could use some guidance., Superday Prep Checklist Format, Ask an ex-IB MD anything.........
good luck friend (lucky bastard)
maybe some rationale on why companies use irs, xccy, and fx products
Same curious about the questions
Good group, I’d just be prepared for math questions to be honest. Pretty sure they don’t ask group specific questions but will want to know that you’re quantitative (it’s a quant heavy group)
Hey, do you mind if I dm you for more info on this group?
I hear they posted an analyst job recently so no wonder this thread came back up. Corp derivs can be exhilarating job, but you need to be ready for it. Its not a valuation job. It's basically rapid-fire product pitching and quick execution. Its all "trades" and not "deals". It can be wildly stressful where you need to think very fast and act. You have a swaps trader on one phone and a client on the other. The trader keeps fading his level and the client is taking forever to decide. Your boss is listening to all of it and seeing how you deal.
Know how investment grade bonds price. Know the new issue syndicate process. Know the value of managing the US Treasury pass. Know when USTs go off the run and how that can affect treasury lock pricing. You will offer UST locks to clients every day.
On swaps, know XVA stack components. Know how to hit an ROE target for a swap. Know the value of owing a client uncollateralized value. Multi-currency CSAs and the impact of different discount rates. Know how cross currency swaps work.
You are on the 7th floor of 200 West where 400+ people sit on an open floor. You will be screamed at and publicly humiliated. You will be asked pop quiz type math questions in public. You will need to brainstorm in a trading desk format. It can get loud.
But, its pure adrenaline when you figure it out and you start getting the trades done. The big trades are wildly profitable and you are the boss of it. The team is young with cocky attitudes. Its competitive. You will not have to wait 2 years to cover to a client. You will get a coverage list in one month. And, you can make MD at a very young age. Can be a Partner seat too.
I learned a ton about myself, markets, coping w stress and risk. But, its not for everyone.
Thanks for this, hugely insightful! Do you mind answering a few more questions about the division?
1. If this is a markets-based role, why does it sit under IBD at GS? Does this mean it's on the private side of the Chinese wall? If so, how do interactions work with traders on the public side?
2. How is the work different from a salesman on the derivatives desk of FICC & Equities?
3. What are hours and comp like?
4. What are common exits? Do most people just stay to become MDs?
Bump, great questions and insights. Coming from a FICC & Equities SA at GS this past summer, what you’re describing sounds fascinating and comparable to the derivatives sales and credit sales desks I rotated on. Are there similarities / skillset overlaps?
It's under AFG, not classic banking. AFG is the financing business activity for IBD, although now they merged IBD and FICC/Eq. Corp Derivs is the risk management part of the equation for IBD. You talk to the traders (formerly FICC) for market color and execution. You talk to IBD bankers and their clients for the opportunities. Its many of the same products as a FICC salesperson but your client is a corporation and not buy side, therefore the application of the products is different. Liability side risk management for a corp vs asset side hedging for buyside. Hours are earlier start, like 7:30am to 7-8pm usually. Comp is everchanging at GS, but the group has respectable numbers (or at least it did when I was there). Making MD is not easy anywhere at GS, but these seats have MD history and are respected. At least one Partner made last year. Most people leave when they want more than just a product role. They go to IBD classic and re-start the journey or go to another part of AFG like DCM/Lev Fin/Structured Finance/FIG Financing. You won't really build deep valuation skills here. You will be risk conscious and product savvy, which has it own perks but its just a different path.
Possimus cum hic et fugiat doloremque sit. Libero beatae alias id. Doloremque dolor unde laboriosam. Est ut perferendis fuga laborum aliquid molestiae. Voluptatem eos exercitationem et libero.
Nesciunt excepturi dolores quidem alias ut explicabo quia. Fugiat quis sequi in mollitia non a.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...