GS Industrials / NatRes Culture?
Saw a few threads on culture in the Industrials / NatRes groups but most are a bit outdated. Does anyone have any insights on the culture / exit opps of the Industrials / NatRes groups?
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Strong exits/tough culture. Leading industrials group on the street
Care to elaborate on tough culture aspect? Thank you very much!
GS Industrials: Old-school finance culture. GS Industrials encompasses a large segment of deals. Since industrials deals are smaller in size, they have to do a lot more deals to match the revenue of GS TMT resulting in an overwhelming amount of work for the junior folks. There are a few bad apples in the group but overall they have made strides to improve the junior experience to decrease turnover. The group is top notch for exits - I think it placed more people into MF than GS TMT the last 2 cycles but their is a tremendous lack of work-life/health balance. GS Nat Res has a great culture with many juniors enjoying their experience. Exits outside of Infra PE are not to strong but the team is great.
accurate except steps haven't been taken to improve junior culture
Would push back here on the exits point - take a look at this year and last year. GS Nat Res placed into a lot of the MF PE industrials seats over the the analysts in GS Industrials. Not sure if this was covid driven or just a function of the year, but it seems Industrials exits have slipped.
Culture is 100% a sweatshop in Industrials, but it’s correlated with deal flow. Nat Res is a lot more laid back.
What do exits typically look like for industrials? MF as well or mainly infrastructure-related funds?
GS Industrials is one of if not THE worst group on the street and by far at Goldman for culture. Have multiple friends in that group from my school.
They constantly have people who have health issues, filled with terrible people at all levels etc. my friend there is absolutely depressed and not a single person doesn't want to quit.
Plenty of groups that can offer similar exits but you won't be depressed in - would recommend avoiding.
Nat / Res will offer similar exits and great culture
GS NR is chill, good culture
Is the Houston GS NR the same as NYC? What are hours like?
Just repeating information I read on another thread written by a certified vice president at Goldman, Nat resources such as oil and gas and controlled by coverage groups in Houston. Mining and metals is in the nyc office. TMT is similar in a sense because the tech part of the group is solely focused in San Francisco as the media and telecommunications is focused in nyc. Once again I’m repeating information that’s on other threads that are easy to find.
Are controlled ****
Both have similar caliber of exits. It's wrong to assume that NatRes has infra focused exits - It's just not true, and there are multiple non-infra UMM/MF placements each year.
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