How to prepare for GS S&T junior summer + anyone know return offer rates?
Hi all, I recently accepted an offer for gs ficc & equities for my junior summer and, as I have nearly a year and half before it starts, I figured I should go in as prepared as possible
Currently leaning toward trading (might try out maybe one sales role during the rotation for the sake of it), but apart from that I’m completely open to anything. Wondering what the best way to narrow down my desk interests are (I believe I get 3-4 during the rotation) and how I can best prepare to do well and stand out during the internship
Does anyone have any insight on particular desks or products at gs? All the stuff I’ve seen so far seems to be general ficc & equities and not particularly specific
Any info on what return offer rates look like for the New York office would be very helpful as well. Thanks in advance!
To prepare for your GS FICC & Equities junior summer internship and maximize your chances of success, here’s what you need to know:
Preparation Tips:
Understand Desk Preferences:
Build Technical Skills:
Stay Updated on Markets:
Network Internally:
Soft Skills:
Return Offer Rates:
By preparing thoroughly and staying engaged, you’ll position yourself well for both the internship and a potential return offer. Good luck!
Sources: Advice for summer and return offer rate?, S&T Summer Analyst Lateral to IB FT?, https://www.wallstreetoasis.com/forum/trading/what-are-the-top-volatility-trading-desks-at-jpm-gs-and-what-differentiates-them?customgpt=1, Preparing for an IB internship, What do sophomores usually do for internships?
Bump
Bro it’s so dead 💀
Jesus Christ dude, it had only been 11 hours. I get you’re all excited about GS but pipe down.
Follow markets daily and begin to get an understanding of correlations in markets: if rates are up what is ccy doing, if equity is down what are rates doing, how does risk on vs risk off look), and how market sentiment changes between now and the start date of your internship. Spend some time figuring out if you like micro (single name equity, IG/HY credit…) or global macro (Rates, EM, FX…). You likely won’t know for sure until you hit the desk (or unless you’re already super involved in markets day to day now) Doesn’t hurt to begin to build a view over the next few months. If you have Bloomberg at your school make it your best friend over the next 1.5 years. Knowing how to interact with the system will put you ahead.
I would also stress reading a lot, specifically books to learn about the respective products in each space - that being single names cash equities, equity indices, and vol products (I’m not an equity guy so maybe ask around a bit more) And in the fixed income space you’re talking Rates (cash, futures / STIR, swaps, swap spreads, curve trades, basis, duration, convexity, DV01…and also understanding how / why we use rates to hedge credit products, etc), Credit (IG/HY, distressed) FX, and commods and maybe some mortgage stuff just for intuition. On the floor you will find lots of nuances / smaller more specific desks but I’d use FICC as a guideline. I would also have a general idea of what market making is and how GS makes money doing so. At the end of the day it’s a revenue business yet not as easily understood online as banking or something. With respect to standing out, just remember at the end of the day it’s a people business. The traders go home to their families at the end of the day just as we do. Be smart but that is already expected if you and everyone is smart at GS. Just be a likable and fun. Find a team you like.
Let me know if you have any questions
Thanks a lot that! I appreciate it. Coming from a FICC perspective, do you have any books in particular you would recommend for a newbie? I’m leaning more towards macro products at the moment
Sure msg me
Voluptatibus at labore aut molestias sunt. Dolorum doloremque laudantium qui repellat reprehenderit magni quo. Est porro voluptas et. Sint nesciunt placeat sint. Eum harum hic incidunt ducimus dolore maiores laborum. Dolorem ipsam dolores aliquid. Earum ea quasi hic voluptates nostrum.
Consequatur voluptatem tempora tenetur maiores id rerum ut molestias. Et rem quis blanditiis iusto culpa. At enim nostrum vel id praesentium molestias omnis. Ut ullam perspiciatis dolores incidunt animi eos facere rerum.
Soluta sint asperiores praesentium incidunt omnis ad enim. Eaque excepturi rem molestias facere placeat culpa maiores et. Eligendi blanditiis animi porro omnis aperiam expedita. Cumque maiores tempore sed.
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...