Best division in Goldman Sachs? (for an analyst)

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I know this question has been touched on before, but never directly.

I'm an analyst with another firm (not banking), and my ex-GF works in recruiting at GS. She said she can recommend me to various divisions.

You guys have said before that their Tech and FIG groups are the best for IBD. Are there any other IBD groups that you recommend?

I'm mostly interested in IBD, but what about other GS divisions? If you had blank check to start anywhere with GS, what would you do?

What about M&A (is that an exact group?), Sponsors, CBO structuring, or Asset Management? Those sound interesting, though GSAM constitutes many areas. Anything else?

Please be as specific as possible with division names. I'm interested in something that will teach me a lot, will have good exit ops, and is a growing / promising field that I can run with.

Thanks everyone.

Comments (75)

 
Apr 11, 2007 - 1:35am

desecrato:
I know this question has been touched on before, but never directly.

I'm an analyst with another firm (not banking), and my ex-GF works in recruiting at GS. She said she can recommend me to various divisions.

You guys have said before that their Tech and FIG groups are the best for IBD. Are there any other IBD groups that you recommend?

I'm mostly interested in IBD, but what about other GS divisions? If you had blank check to start anywhere with GS, what would you do?

What about M&A (is that an exact group?), Sponsors, CBO structuring, or Asset Management? Those sound interesting, though GSAM constitutes many areas. Anything else?

Please be as specific as possible with division names. I'm interested in something that will teach me a lot, will have good exit ops, and is a growing / promising field that I can run with.

Thanks everyone.

Your ex-g/f said she can get you in eh, ha damn she must have been the one to dump you and felt bad for you I assume. But your question is crazy stupid, its Goldman IBD.... your asking for which group has the best exit ops and will teach you a lot, all of them will and every group there can get you to any company you want. Just hope you can get into ANY i-banking group there as opposed to the exact group you want in ibd

 
Apr 11, 2007 - 1:37am

Keep in mind that you have to work with these people 110 hours a week. Being a good fit for them- and them being a good fit for you is very important.

As a CS/Engineering major, I got several offers- both in I-Banking and outside, and I chose the firm where the people I encountered were the best combination of being professional, friendly, and respectful without taking themselves too seriously. Had I an ex-girlfriend who knew the firms I was interviewing with, my first question would have been, "Which group has the people who'll be easy for me to make friends with?"

Everything at GS is pretty much gold, so I'd suggest working with the people you'll like the most.

 
Apr 11, 2007 - 5:53am

Forgive me for taking your post seriously, but if I were you I would be talking with current analysts in the office across the different groups to form your own opinions on their relative strengths and weaknesses. It is in everyone's best interest for you to end up in the group that is the best fit, so I would expect them to be candid in their responses.

 
Apr 11, 2007 - 5:54am

I'd view TMT/FIG as the top 2 groups followed by Industrials followed by HC/Consumer followed by Natural resources (or whatever they call it over there. In my mind CRG/HC has been weaker since the merger. Can elaborate that in a PM if necessary but those would be my rankings (purely in terms of prestige/exits. Unclear if the weakening of CRG has had an impact on exits from that group (this recruiting cycle is the 1st class that will go through as a merged group).

 
Apr 11, 2007 - 5:56am

sorry guys. I really didn't want to piss people off and had no idea how hostile people on this website are. I just created my account and wanted insight from you guys. Thank you to those who answered honestly. Can someone elaborate as to what you mean by CRGH has gotten weaker? And I've talked with some people in TMT and the vibe seems different from what I read here. People here say the TMT culture is poor whereas people I've talked to at the firm say TMT is great. So I don't really know what to think, on the one hand of course the people I talk to are bias, on the other hand I'm not sure which people in this website actually have first hand exposure. Thanks, and sorry again if I'm annoying anyone

 
Apr 11, 2007 - 5:57am

sorry guys. I really didn't want to piss people off and had no idea how hostile people on this website are. I just created my account and wanted insight from you guys. Thank you to those who answered honestly. Can someone elaborate as to what you mean by CRGH has gotten weaker? And I've talked with some people in TMT and the vibe seems different from what I read here. People here say the TMT culture is poor whereas people I've talked to at the firm say TMT is great. So I don't really know what to think, on the one hand of course the people I talk to are bias, on the other hand I'm not sure which people in this website actually have first hand exposure. Thanks, and sorry again if I'm annoying anyone

 
Apr 11, 2007 - 5:58am

Goldman Sachs - Best Groups (Originally Posted: 02/06/2007)

Before anyone says "they're all good, shut up and pick one", I understand that, and given the opportunity to select between them, I want to see how much of a difference there is between the groups.

So with that said, I want to get people's thoughts on a couple of things:

1) I understand GS TMT is considered to be the "group that kills all groups", but if I was to select another group, say, Consumer, or Industrials, or Healthcare, how much of a difference would I see in my exit opportunities after the 2 years if one of the things I'm looking to do is go to a top PE/HF shop?

2) Given that this is for the summer, are any of the groups known to be very brutal in terms of giving offers to their summer analysts, or do all of them pretty much give a similar % of offers to their summers?

 
Apr 11, 2007 - 6:16am

internal prop desks and hedge funds are best (GSPS, SSG, any prop trading desk). Global alpha is the hedge fund within GSAM that uses quantitative strategies (a lot of client money), but obviously any of them will pay you a ton including global alpha. Most of the HF guys who have comeout of GS have come from the internal groups listed in the first line, not from global alpha which once again is a quant oriented hf inside of GSAM that has more assets under management than any other HF last time I checked

 
Apr 11, 2007 - 6:18am

I still think banking is best at GS post college. People leaving my group are going everywhere, prop trading... KKR... HBS... Goldman PE....

in 10 years, people in my group will be everywhere, and we all know each another. Having that network is pretty hard to pass up if you want to do this more than 2 years.

Don't get me wrong, AmSSG is good. Very good. You will make a heck of alot more than you would in banking.

 
Apr 11, 2007 - 6:30am

GS best group sa (Originally Posted: 09/19/2014)

Some of the discussions are pretty old. Also given there are two potentially attractive new choices (m&a and crhg), what should the ranking be when trying to prioritize where to network prior to group placement?

Is crhg (consumer/healthcare) the new "top" group given it's size? Is m&a any good?

Where would the traditional top groups stack up now?

 
Apr 11, 2007 - 6:32am

Most of the guys at my fund are ex-SSG / (now ex-) principal strategies desk, seems like that group placed the best.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 
Apr 11, 2007 - 6:38am

this has been discussed in about 30 different threads. run a search and you'll find many discussions like this: //www.wallstreetoasis.com/forums/help-group-and-industry-preference-for-g…

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Apr 11, 2007 - 6:40am

SSG is like some mythical thing on here. Not a banking group and you will only get in by being the best TMT banker after 2 years. I would rather go work for McGoldrick at Mount Kellet anyway.

As for banking groups TMT is definitely glorified on here but beyond that I really don't know.

Edit: Makes sense that this is coming from Semper Fi who is an 19 year old wannabe with no clue. If you don't actually know the answer don't just chime in with something you hear.

 
Apr 11, 2007 - 6:42am

Best GS groups (Originally Posted: 09/22/2013)

I am an incoming SA at GS through one of the accelerated processes since I summered at another bank and had an exploding offer. So from research and hearsay I know TMT is the top group. How about the other groups? Half of the search results are prior to 2011 and so they aren't really relevant to the current situation.

In addition, the second most mentioned group, FIG, was considered mediocre at my old bank, which was a tier 2 bank. People said you get pigeonholed. So why is it considered good at GS? One of my interviewers was from FIG so I may have an in.

Other top groups? I know people say just pick what you like since all GS groups are good, but I'm 20 years old and have no fucking idea what I like. Just keeping it real here. I would rather just pick the best group and re-evaluate for full-time.

 
Apr 11, 2007 - 6:43am

Strong placement from FIG across a variety of platforms is something that is quite unique to GS. I think the results are often less to do with the experience and more to do with the assurance that a GS FIG analyst will have very strong quantitative and analytical skills.

Other notable groups I've met people from are healthcare and CRG - these two groups are known for having better culture (healthcare grinds you hard for example, but they have an internal rule to keep Saturdays off). Stong PE placement too.

I've heard NatRes is really fratty (late-night drinks) so if you're into that, there's that.

Industrials is a stiff, tough group to be in, both culturally and hours wise.

On the products side, it's a little more hazy as GS's balance sheet is smaller than the rest of the bulges.

 
Apr 11, 2007 - 6:48am

Goldman Sachs Internships (Originally Posted: 09/30/2014)

Hey all, recently did some networking at my school(non-target)and a representative from an organization that partners with Goldman Sachs said they would refer me to the company which he said guarantees a phone interview with them. He asked me to pick my top 3 divisions and apply online before he makes the referral. My #1 is definitely investment banking but I'm sure it is the most competitive. What can you you guys tell me about the different divisions as far as competitiveness to get in? Also, If I don't get the investment banking position which other division would be best if I later want to transfer to IB?

The different divisions offered to summer interns:
1.Global Investment Research
2.Investment Banking Division
3.Investment Management Division
4.Operations Division
5.Realty Management Division
6.Securities Division(Finance Investing Opportunities)
7.Securities Division(Sales and Trading Opportunities)
8.Firmwide Strats(Analyst and Associate Opportunities)
9.Technology Division(Analyst)

Summary: What are the most competitive divisions for a summer internship with Goldman Sachs as far as acceptance?

 
Apr 11, 2007 - 6:52am

choosing GS groups for SA (Originally Posted: 11/27/2010)

Very fortunate to have an offer for the GS summer analyst program.

I've searched the forums for advice choosing groups. I am curious about the difference between public sector/infrastructure and traditional corp fin groups. I had never heard about PSI before my interviews... know anything about it? How would it compare to a traditional group, given that I'll be a summer analyst?

As with all summers, getting a full-time offer, working with people I get along with, and maximizing my learning opportunities are all important to me.

 
Apr 11, 2007 - 6:53am

The only people that can give you good advice are people working at GS. Reach out to everyone in the groups you are interested and learn more that way. However, be aware they will all promote themselves so try to read between the lines as well.

Do what you want not what you can!
 
Apr 11, 2007 - 6:54am
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