GS MRMA
I am a nontraditional undergraduate student (veteran and older) and just accepted an offer for Market Risk Management and Analysis (MRMA). I chose this over a JPMC PWM internship.
I am concerned with starting salary and progression should I be offered full time employment as an analyst. I am wondering what I should expect from this department as well as should I have taken the JPMC PWM gig?
I liked the interviewers and it seemed like a better place than JPMC in general as I worked there as an intern last summer.
What "year" are you at in school?
I am a junior BBA Finance and BS Economics.
As a former Vet myself I did not enjoy the BB PWM experience. It was slow, uninspired, and lacked a challenge. Not sure how risk is, but it has to be better than PWM. Regardless, what do you want to do when you graduate? I made the mistake of accepting the first internship available. Sucked it up and worked harder, learned the game a little better, followed this forum, and got a FT MM FO role.
wait, do you work as an analyst or an associate? do mind telling us how old you are exactly? just curious
anyway, i don't think theres anything wrong with working in the back office the back office obviously needs ambitious, reliable and smart people as well, so having these qualities alone doesn't warrant you working in the front office anyway, since you have an offer, you can think about trying to get something during full time recruiting instead, and when the time comes, talk about why you would prefer to have a front office role until then, not much you can do- focus on how you can complete your upcoming job better
Honestly, I thought I wanted to be in consulting but then I decided to apply for as many positions as possible. I applied for the JPMC PWM and really started to enjoy the thought of being a personal banker and making good money. The GS MRMA was really just on a whim and they offered me pretty quick. The consulting internships really haven't started their intern search yet so I was just ready to be done with the search process.
If I said what area I specifically wanted to work in it would be mostly because of hearsay, perception and ignorance. I don't know that much about the different finance fields and I am learning everyday. I really just want a finance job, after that hopefully one that has lots of room to grow to increase pay and responsibility.
I have a feeling I will be pursuing a route similar to your own. Sucking it up and learning as I go.
It seems like big companies JPMC, GS, Deloitte, etc have more interest in me than smaller boutique firms.
I will be an analyst and 29 years old. Oh I wouldn't dream of reneging. I am just trying to gain some perception before hand and prepare for post Summer/FT employment.
Hey you may love risk at GS. I do not know your personality or your experiences in the military. I was 28 going into my summer internship as a rising senior. My BB PWM experience has left me jaded. Literally the first day in the group I was in i asked my boss if they did a lot of modeling or if they did anyway. Their answer " I do not have the body I did in college, so I dont model anymore"
If you still consider consulting, remember that it is generally easier to get a FT position in consulting than an internship, so taking the internship with GS definitely does not rule it out. Keep working hard and practice case interviews etc. if you are thinking about that route.
NYC or SLC?
Anyone in the industry will tell you that Goldman's back/middle office is what makes it best-in-class. That's not to say that you won't hate it.
Dallas or NY?
Well said.
I am excited for the opportunity and to be part of GS. I was just hoping to gain some perspective. I think I have. I appreciate the comments. I have heard similar things about PWM so I was leery of choosing that.
GS MRMA risk mdeling group interview (Originally Posted: 12/15/2009)
I had a 2-hour phone interview with Goldman MRMA risk modeling group 10 days ago. Get no response yet. Does this mean I am rejected? Anyone knows about it?
The "Risk Modeling" that's part of Market Risk Strategies?
10 days is a bit long, but not excessively so. If they were super-excited about talking to you they'd have gotten back to you already.
Thanks, nnamehere.
The only people who work in that group have math/physics/ee phds from top ten schools
i will complete a top 5 math phd...
What could you guys tell me about this group at GS? Is the work interesting? What are the exit options? Would appreciate your input.
They are advertising an opening in NY and I am considering applying.
hi all i have a 2 hr interview with gs mrma next week. i would appreciate any help with regard to info about the interview. wat are the sort of questions, topics etc.
thanks
It's the holidays, so 10 days ago is more like 4 business days ago. Give it some time.
Was your interview for summer or FT?
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