How does Goldman Sachs do group placement?
Goldman Sachs interviews applicants for specific groups for the summer internship. How do they decide such group placement?
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Edit: appears my info is outdated so ignore this - GS apparently has changed their process but the other banks do it this way.
You sign an offer for the internship and then basically have to recruit for your group placement as well by networking with every group and trying to get a high ranking on their list. Then there is a "match" process to place everyone where they compare the groups' ranked list versus the candidates' lists (in my experience, the groups' list get significantly more priority).
The dirty little secret here is that the top groups pick their candidates way in advance of the official match process - often from target schools where people are in the know about how this works, or the scrappiest of non-targets who are flying up to network with groups.
Honestly not the best process and would prefer if banks just recruited by group, but that would be logistically challenging as well
GS places you directly into groups and you interview for said group in the superday
Is this new? This hasn't been the case unless it's a recent change. Thought you could only choose between classic and financing groups in the interview process
How does Goldman place applicants into groups?
I thought Goldman interviews you directly with a group and you receive a group offer for the internship?
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