Would you pick GS over anything?
If you had the opportunity to lateral to GS, would you take it?
As someone coming from a middle/upper tier BB, would the experience be signifigantly better to accept a decrease to WLB? For example - GS pays better, has an unparalleled reputation, the people are extremely sharp, you will get strong execution experience, but the WLB/culture suffers in some aspects because of that. Do you think it is worth lateraling for a signifigant reputational/experience/pay increase but also a signifigant WLB decrease?
For context, I am in a strong coverage group that has (mostly) protected saturdays, light work Sundays (sometimes none), allows us to actually take protected vacation - all extremely rare for a NYC BB. The pay is mid-tier and the experience is mid-upper tier.
Also this is completely theoretical, as I see GS as the top of the top in terms of reputation and the “dream shop” to lateral to, so this is a general question about what things would make you consider lateraling in my situation. Any insight is much appreciated:)
if we are talking about GS C&R, the only bank i would take over them would be Solomon Partners (formerly PJ Solomon). Similar deal exposure (albeit it our M&A deal sizes are smaller than GS), better pay, much better culture/wlb, and very chill and understanding junior and senior bankers.
lmao stfu
when your wife's MF PE boyfriend lets you meet your wife after weeks
I hear you, it's the same in FIG/Fintech - there's a boutique called FT Partners which goes toe-to-toe with GS. It even manages to beat out GS on many small fintech financings.
It's really a toss up which one offers the better Analyst experience.
Bump same position
would take PJT/LAZ/HL/EVR RX over them
Beta RX bankers vs Chad GS C&R bankers
Not sure why this is getting so many MS, it has been discussed over and over but many top students at Wharton/MIT/Harvard choose these groups and you can't say they could not land GS if they wanted
H and M have top students? LMAO
WYD kids are the top of the top.
Depending on what your long-term goals are. If you want to stay in banking, I think the platform may be helpful when it comes to dealflow. If you want to leave in 2 years, then it's not as important. I used to work at GS and I thought that the people there were not materially smarter than those at other shops. I was in a pretty sweaty group and you don't know how much life sucks until you're working until 4AM for weeks on end. IMHO not worth it - I don't think the experience is significantly better in any way
This is very helpful, thank you for your reply. Would that change for a less sweaty group? (Are any coverage groups at GS not sweaty, lol?)
Depends on the circumstances of your current shop. You're going to have to rebuild goodwill/compete for the best staffings against current analysts. If you are already well regarded at your current place and have existing seniors that are willing to mentor you, then it's not worth leaving. Also, I think the obsession with GS "brand" is way overblown on this site. The brand has been diluted and mired with controversy compared to where it was 15 years ago. If your greatest accomplishment further down in your career is having worked at GS for 2 years out of college, then you have bigger things to worry about
But do you think GS name materially helped your PE recruiting?
-
Maybe, but McKinsey definitely up there as well
I would literally take DB before McK
Nah
GS offers no advantage for PE recruiting compared to any of the BBs
Pussy > GS, so no.
What about GS public finance for post-mba? Worth it over another group at a balance sheet bank?
Does that group actually hire post-MBA? I see the job postings but I can't find anyone on LinkedIn.
I’m not sure. Definitely laterals but idk about from school. Do you know anything about the group?
I would pick THE GOLDMAN SACHS over my girlfriend, mom, and life.
I’d take basically any non shit-tier bank over GS. Why work yourself to depression only to exit to a fund that specializes in suicide? Would rather have >4 hours of sleep per night and an exit with WLB + a clear pathway to VP / carry at a MM fund.
I personally took MOE LA over GS.
Can you PM me? Curious about the thought process here
why all these MS lmao?
No idea - I wanted to go back home to LA, and preferred a boutique / generalist experience. Nothing wrong with GS, just my choice...
I go to a target for MOE LA (W), and know several people who made the same choice as OP, so not sure why the MS either.
Lmao GS vs other IBD roles?
I'd take PJT, CVP, Rothschild, Greenhill and Lazard (RX and M&A) over GS.
I'd take select groups at other BBs (MS M&A, DB TMT, CS Industrials, etc) over GS non-TMT IBD.
..
DB TMT has better deal flow (like 32 megacap deals in 2021) and comp (AN1s raking in >320k USD) than GS TMT. GS TMT has marginally better exit opps into product management I suppose.
Does anyone know what Evercore or PJT is outside of finance? LmaoGS over anything and everything and it's not even closeEvercore sounds like a protein bar
I mean if you value “working somewhere with Main Street name recognition” over “making ~20% more,” then sure.
More people know Wells Fargo over Evercore or PJT lol would you take WF over them too?
Why stop there? Nobody outside of America knows who Wells Fargo is. Go work for McDonald's instead.
Meanwhile there are probably a non insignificant number of people in IBD who don't know who RenTech are.
It's better to finish your analyst stint successfully at the other BB then to lateral to GS, find the lifestyle to be difficult and quit.
Can't speak from experience here, but know someone who works in my company who did the, "jump to GS, find the lifestyle difficult, and then quit" thing and it definitely raises some eyebrows on her resume. She quit GS after 6 mos of being in their natural resources classics group.
Analyst or associate level when they quit?
At this point in my career, their return to office policy (I think it is 4 or 5 days mandatory) is a complete non-starter. Too many other places like EBs and certain BBs that will provide the same level of comp, good deal experience/career opportunities, etc.
As an analyst the list would probably be a lot smaller - Probably would go for GS and suck it up for 2 years
Not really true. In a top group at GS and I go in 2-3 days a week (leaving at 6pm)
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