Hiring at Goldman Sachs: Analyst track vs. lateral hire?

I'm a bit confused about the pros/cons of applying to Goldman Sachs via the analyst track or as a lateral hire.

My situation: * I have a PhD (almost finished), MS, and BS in STEM fields. Interested in moving into IB or MBB consulting. * I have ~2.5 years of work experience in gov/industry role between my BS and MS. * Spoke w/ a recruiter recently and was told that I could likely choose which route I wanted to apply through (analyst track or as a lateral hire).

Would I start as a 1st yr analyst or something higher up? What qualifies someone to start at an Associate level? What positions are typical for lateral hires with my experience? What should I consider when choosing how I apply, as I still don't know a ton about the firm? (I wasn't really considering GS or IB in general until a GS VP reached out to me saying I should consider it.

3 Comments
 

Thanks! The VP I spoke with said I would "probably come in through the analyst track" unless I wanted to go the lateral hire route, so that is why I was confused. I had read that PhD would probably be treated like an MBA, like you mentioned. But I get that they might not count it since it's in a non-finance field.

 

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