GS IBD Strats
Hi all,
Does anyone know more about the GS IBD Strats role? Is this more back office than front? What are the responsibilities like? What do people move to after this? I'm more familiar with Strats in S&T.
Thanks!
Hi all,
Does anyone know more about the GS IBD Strats role? Is this more back office than front? What are the responsibilities like? What do people move to after this? I'm more familiar with Strats in S&T.
Thanks!
Career Resources
Ms. Erkan, the group's founder, always struck me as a bit of a tough lady to work for. She has since moved on in her career and if GS promoted internally like they often do, I suspect the new division head will be kinder and gentler and more empathetic than average. Still, this is a tough group to work in. You have to get stuff right because mistakes are very easy, cost a lot of money, and cause a lot of embarassment. The hours can be long.
GS is thinking about moving large portions of strats into IBD. I'm not sure how that interacts with Strats IBD as they own the client relationship from my understanding, but be a bit careful.
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IBD Core Strats at GS : mobility (Originally Posted: 03/08/2012)
I've got an interview coming with that group and, from what I've read on this forum, it sounds very much like a quant role. However, the job description was:
(a) helping corporations and financial institutions optimize their capital structures across a range of products, and assess various M&A alternatives in a quantitative framework; (b) designing equity, interest rate, foreign exchange, and credit derivatives to help entities meet tactical and strategic risk-management objectives; (c) pricing and risk-managing the funding commitments made by the firm to corporate clients; (d) expanding the development of the firm’s proprietary codebase from which all the above analytics are deployed.
and it asks for a strong interest in M&A.
Which begs two questions: - Is this bs and the real job will be coding? - Any chance to move from that group to IB (especially FIG) as a banker (and never write again a line of code)?
Thanks
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