Comments (6)

Mar 2, 2010

Why are you even asking this? You didn't get an offer, I can tell. GS is always #1.

"Those who say don't know, and those who know don't say."

Mar 2, 2010

Why are you even asking this? You didn't get an offer, I can tell. [Arthur Anderson] is always #1.

People were saying something [similar] to what you're saying back in 2001. I'm not saying there's a significant chance it will happen to GS, but coming from someone who was old enough to understand what was going on with Arthur Anderson when it happened and someone who survived 2008 in industry, it never hurts to have a solid Plan B whether you work for a small-time broker or GS.

Mar 2, 2010

Of course it is a huge opportunity. Don't worry in the near term about any bad press.

Mar 2, 2010

The current news should not be influencing your decision as to whether to work at Goldman or somewhere else right now. It should be influencing some of your secondary decisions- like whether it's worth it to make sure you're ready to come up with a Plan B.

My suggestion is to take the offer at Goldman (if that's where you want to work), but nicely let the other interviewers who offered you a job know what's going on, thank them for the opportunity, and if you liked their group, say something to that effect, too. This way, you've got your backup plan.

At the end of the summer, make sure you interview at more firms (whether or not Goldman makes the offer), and do the same thing. Add the interviewers as friends on linked-in- just make sure you've got some of the relationships you need in case the dung hits the fan for your bank. This is coming from someone who lived through 2008 and believes in being semi-prepared for stuff like this.

Mar 2, 2010

Who cares what the public think.

"I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom

Mar 2, 2010