Hey guys,
Need some help interviewing with goldman's investment research division...I initially applied for their banking division but they gave me research (dont know why b/c i didnt apply for research)? Of course i accepted the interview tho...Is it common to be randomly placed in research w/out applying for it if you want to do banking??
Neways anyone have any experience interviewing with this group?
Goldman did this to a friend of mine. He interviewed for IBD, they had him interview for FICC
just wanted to commiserate with you. I can't speak to your exact situation, but i applied to goldman ibd and got finance/market risk management. my interview was today, and it was a TOTAL shitshow. i'm a liberal arts major, and that group is apparently super-quantitative. I have NO idea how i got there, and neither did my interviewer, apparently. hopefully you'll do better than me, though. good luck!
LOL, that made me laugh...sorry
Goldman will oftentimes place good candidates from non-targets into the prime brokerage or PWM slots later in the interviewing season for full-time.
This happened to me as well. I applied to IBD, and they wanted me to interview with investment management. I told them that I wouldn't do the interview then - I respect Goldman but I don't appreciate being stuck into something that I'm not interested in. The cocky HR lady sounded so shocked when I said no.
Ye.. Comapnies tend to do that once in a while.. they think you are good but not good enough.. so they put u in other sectors to avoid losing talents..
Ling~
not surprised that goldman's doing this. at least they aren't shoving ppl from IBD into ops though, eh?
"The cocky HR lady sounded so shocked when I said no."
They are the scum of the earth
pwm is pratically ops
PWM (Private Wealth Management) is not ops its more of a relationship manager/financial advisor for the very weathy....on the other hand PB has many similarities to ops with more client interaction
Goldman generally puts you where they feel is the best fit, not where you want. As annoying as it may be, their performance speaks for itself and someone interviewing really cant complain much.
No offense, but that's a load of horse crap. Last I heard, Wall Street wasn't some communist system where you should be grateful to serve under the gracious, almighty Sickle of Sachs even if it isn't your career interest.
I was placed in the same situation, and had a reaction similar to oasising: I laughed and said "thanks for wasting my time." I applied for a S&T internship and was offered PWM. It had nothing to do with "fit," it had to do with the sector where my school had strong alumni ties. I don't want to burst any idealistic bubble in your head, but like every other job in high-finance, connections are key to many offers even at GS. And as far as fit is concerned...I've had numerous interviews where the interviewer noted how much my resume screamed S&T with flying colors.
You're my hero.
GS has definitely said something along the lines of "we'll put you wherever We Feel you'll fit" at my school, and an alum talked about how she was moved from group to group, then division to division by more senior people throughout her career, because they thought she'd be a better fit at group A (then division B years later). ..guess they didn't put this up front at every school.
After the first round of interviews Wachovia tried to switch me from IBD to something in MBS for superday, I don’t know why. After trying to get in touch with the incompetent HR lady for a couple of days, I told them that I was only interested in IBD and would not interview for anything else. I ended up going to the IBD superday and getting an offer, but I turned it down. I am sure that this stance of IBD or nothing will not work with Goldman, b/c it clearly has more leverage in negotiating with potential employees than Wachovia. This was also after my first round not before, but if you are only interested in IBD it might be worth trying this. Best of Luck.
I've seen similar experiences with Goldman many times with friends interviewing there. They will always put you where they feel you fit best, not in something you actually want to do. Other firms are a bit better about this, but at the end of the day if you are employed for them they own you and can do whatever they want with you.
If you don't get something you want (e.g. research) do NOT accept it just because it's the only offer you've received. It's honestly better to do banking at a boutique or MM rather than do equity research at a BB if your ultimate goal is to do banking in the future.
Yea, thanks guys....i actually have several Ibanking interviews lined up and I am just interviewing with Goldman to use it as leverage...if i do get an offer with Goldman and they wont reconsider placing me in banking...i will probably use it as my last viable option (as in if i have no other offers)..
Neways does anyone have any experience interviewing with Goldmans Research division?
Hey, I don't know if this will help but a friend of mine applied for GS IBD last year for SA and got a first round with PWM. She emphasized her fit for IBD instead of PWM in the interview. After the interview the guy told her she is a good fit for IBD and told her to wait and had the IBD guys interview her (IBD and PWM were interviewing on the same day). She got a second round after talking to the IBD guys. I think GS does firm wide recruiting and it doesn't matter who you meet with in your first round coz it can be anyone from the firm. But I don't know for sure...
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