How does recruiting for classic work and getting a group? Are all processes group specific as I believe there is no placement process? Is it just whatever group you’re able to network into?
Any color would be great.
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Recruiting for Goldman Sachs' IBD Classic groups typically involves group-specific hiring rather than a centralized placement process. Here's how it works based on the most helpful WSO content:
Group-Specific Hiring: Most of the hiring for GS IBD Classic groups is done on a group-by-group basis. This means that each group has its own headcount and recruiting needs, and candidates are often evaluated directly by the group they are applying to.
Networking is Key: Since there is no formal placement process, networking plays a critical role. Candidates are encouraged to connect with analysts and associates within the groups they are interested in. Building relationships and demonstrating interest in specific groups can significantly improve your chances of being considered.
Recruiting Timeline: The process can vary, but for summer analysts, Hirevue interviews are typically sent out in early to mid-August, with superdays following in early September. For full-time roles, the process is often ad hoc, with spots opening and closing based on group needs.
Cross Markets Group (CMG): A newer addition to GS IBD, the Cross Markets Group is actively recruiting and has been described as a major focus for the firm. It’s worth considering if you’re looking for a group with growth potential and strong resources.
To succeed, focus on networking with individuals in your target groups, preparing for both behavioral and technical questions, and staying proactive in following up with HR and group members.
Sources: The Best IBD SA OCR, Interviews and FT Offer Conversion Posts on WSO, Q&A: Incoming IB analyst – international student, survived FT recruiting twice…, The Best IBD SA OCR, Interviews and FT Offer Conversion Posts on WSO, Goldman Sachs' New IBD Group, JPM SA/FT IBD GROUPS and Analyst Program
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