GS IBD ATP Salt Lake City

Hey, got an offer to be one of 37 new analysts in the Analyst Training Program in Salt Lake City. Over the phone they told me that around 50% are able to become permanent IBD analysts in NYC, Houston or SF-- just wanted to hear your thoughts on this program and whether it's an FO role, or a realistic path to a FO role.

Job description: The Investment Banking Division (IBD) provides broad-based, global service with expertise in mergers and acquisitions, privatizations, and equity, debt and high-yield financings. The firm’s team-driven approach to client service enables bankers to play an important role in building relationships and executing transactions. Analysts aligned to industry groups will have a wide range of responsibilities, including financial analysis and modeling, preparation of presentation materials and company and industry research in support of live transactions and client relationships. The Analyst Training Program (ATP or Program) provides an opportunity for individuals with diverse backgrounds and experiences to become analysts in the Investment Banking Division. The Program is located in Salt Lake City where ATP analysts support deal teams based in New York and San Francisco. The ATP is structured as a two year program after which high performers may be offered positions as permanent IBD Analysts in one of Goldman Sachs’ hub offices globally. The new analyst position is a rewarding experience - one that provides an excellent foundation for individuals interested in finance and business. Our analysts play an important role in developing and strengthening our client relationships, participating on our advisory teams and in structuring and executing a full range of financial transactions. In this capacity, they work closely with managing directors, vice presidents, associates and other analysts in the firm. Analysts work with other bankers to help guide clients in their financial decisions. An emphasis on learning on the job is complemented by an extensive training program. The analysts at Goldman Sachs gain exposure to the firm’s businesses and expanded knowledge of the investment banking industry, as they develop key analytical, communications, marketing and sales skills. Analysts create and analyze financial models; performing scenario analyses and tests to examine the effects of client alternatives. In addition, analysts organize and prepare presentations, which explain industry trends, discuss client options, and recommend strategies to meet client goals. Analysts may also participate in and conduct due diligence sessions, a necessary component of financial transactions. From maintaining client communication to helping Goldman Sachs structure client transactions, our analysts are a vital part of Goldman Sachs’ banking teams. Goldman Sachs seeks highly motivated, successful candidates for new analyst positions in Salt Lake City. Requirements • A keen, long-term interest in investment banking • Drive, enthusiasm, creativity and excellent interpersonal skills, particularly in dealing with teams in different offices • Strong quantitative and technical abilities • An outstanding academic record. While not required, completion of course work in finance, economics and accounting can provide a valuable foundation for the new analyst position • Personal integrity, initiative and leadership qualities • Strong verbal and written communications skills • Ability to work as part of a team in an environment that demands excellence, time and energy Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

Edit: Seemed to have confirmed that this is indeed an FO role, but I am still curious about what the working environment is like, plus opportunities for advancement/lateral movement, compared to GS IBD NY.