Goldman Sachs Cross Markets Group (New IBD Group) - Analyst

Hi Everyone, I am currently in the recruiting process with this group, given the limited information out there, wanted to see if anyone can shed some light on this newly formed IBD group. From what I have heard there are some legit partners joining the group and the group works on M&A and financing transactions for companies with < $3bn. However, per an internal memo, it also says that the group will perform some middle market lending functions as well, is this the same as the direct lending function of SSG? The experience sounds very interesting and seems that analysts in the group will have fantastic experience; however, what would be the buyside recruiting outcome of this newly formed group given its MM focus? Would really appreciate any input. Thank you.

Comments (9)

Jun 11, 2019

Also interested in this.
Btw for what office are you in the recruiting process (NYC, LDN, ... )?

Jun 11, 2019

Also interested.

Jun 12, 2019

bump

Jun 12, 2019

How are you already recruiting if goldman opens up on July 1st?

Jun 12, 2019

Is this basically the Lazard MM of GS? If so I'm assuming no exits, lower pay ceiling, etc. The only thing going for it is the GS name. Or is it a different situation?

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Jun 12, 2019

Do you mind sharing your sources for this precious insight?
I'll be sure to pass this information to them the next time I run into them in the elevator

Jun 12, 2019

I'm just hypothesizing and hoping someone answers me. As for the insight? I'm assuming you mean my comments about Lazard MM. Basically just repeating stuff I've seen here. Obviously it's a bit of an exaggeration. I'm sure you can get LMM exits or something along those lines. The lower pay ceiling is true. Deal size is smaller, and even if you get a bigger cut, the person making the most at Lazard makes way more than their counterpart at MM, same goes for averages. The highest at MM probably makes more than the average MD at Lazard though. And analysts probably make the same base, just less bonus. Why the condescention though? Do you work there?

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Jun 12, 2019

Not exactly, know a few guys there
It's just always fun to see incoming interns talking shit and being so far from the truth

Jun 11, 2019
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