GS: securities vs GSAM
I'm a bit confused with GS securities division("strategies" sub-division) and GSAM(Goldman Sachs Asset Management) which also has "strategies" sub-division. I'm also a little bit confused of how "securities" organized: description says there's "equities" and "FICC" however application form also has "strategies" sub-division.
Ok I know Securities is a sell-side and GSAM is a buy-side. Whats the difference between buy-side and sell-side strategies??
securities is composed of Equities and Fixed Income. there are strategists within each who help out on the specific desks (commodities strats build wheat models, distressed build high-yield models...etc). there are also some buy-side desks in securities which include the well-known prop desks such as gsps and ssg
GSAM also has a strat group but i believe it may vary as to where you are. some strats are traders themselves in the quantitative alpha groups, but some will serve the same role as helpers
Securities:
GSAM:whats the difference? sounds like "high beta"(market opportunities) vs "high alpha"(market neutral) but i doubt that. buy-side desk in securities? hm... if i wanna make a "quant trader" where shall i apply? Securities->strategies or GSAM?
.
do GS prop desks recruit straight from undergrad?
yes they do but you have to be the best candidates in either securities or IBD to even get an interview. Usually they do first rounds in IBD, pluck the clear top candidates in addition to picking people they had been looking at before.
Out of the two people I've known who've worked at Goldman SSG, one is the son of Ken Moelis, the other had two internships at MS IBD and a 3.9 from Wharton. They might be on the higher end but I think that's a good indicator
yeah, I know who you're talking about. His son interned at Oaktree after freshman and sophomore years. Do you know anyone from Wharton who went to GSPS? Just curious.
Thanks.
guys, stop hijacking my topic. please create your own topics about GS and discuss there whatever you want. I'm still waiting for the answer to my question
gsps was more selective than ssg and only 1 person stayed for the entire summer (was from top non-target, stanford/mit).
if you want to be a quant trader i'd suggest joining a quant desk in GSAM
Hic reprehenderit voluptates fugiat. Temporibus dicta tempora est ab facere. Tempore officiis odio fugit reprehenderit. Expedita vel nam deleniti occaecati quas dolorem. Est ducimus dolores ullam possimus.
Nostrum est molestiae mollitia nam. Alias corporis consectetur omnis quis. Non sed cupiditate aut a. Omnis saepe facilis vero quia voluptatem.
Aliquam perferendis harum molestiae ut ipsum ipsam optio repellat. Illo quis molestiae id sunt molestias quod officiis. Aut sit autem inventore eos natus consequuntur. Esse magni alias nam impedit rerum ratione. Velit repellendus cum rerum distinctio.
Laudantium itaque recusandae explicabo eum nihil eligendi. Eaque perferendis sed veniam eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...