Goldman Sachs Divisions

newtofinance's picture
Rank: Monkey | banana points 30

I am looking into applying for Goldman Sachs and was wondering if anyone could tell me more about their different divisions. Which is generally the best to work for (e.g. investment banking division, finance, technology, etc.) and which is most realistic if I do not have any prior finance experience? Also, does anyone know if the off cycle internships/work study placements are offered in the US?

Comments (26)

Sep 13, 2010

Investment Banking (IBD)

Sep 13, 2010
Sep 13, 2010

S&T
ok jokes aside, it really depends on what you want..no one can tell you what the best division is

Sep 13, 2010

You're not getting a job with no prior finance experience and no idea what you want to do.

Sep 13, 2010

Thanks for the replies, I figured IBD was the core...are there other divisions that are also well regarded (I know it's all subjective of course). And yes, I am not that optimistic about my chances but figure it can't hurt to try. What are interviews usually like for IBD jobs at top banks? I know consulting has case interviews, what sorts of things do they typically ask in banking interviews? On the one hand I would think they would ask very technical/math/econ questions, but on the other hand, i-banking at least a couple of years ago did softer majors from the top school I went to and training them on the spot, so is it just fit questions (still)?

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Sep 13, 2010
newtofinance:

Thanks for the replies, I figured IBD was the core...are there other divisions that are also well regarded (I know it's all subjective of course). And yes, I am not that optimistic about my chances but figure it can't hurt to try. What are interviews usually like for IBD jobs at top banks? I know consulting has case interviews, what sorts of things do they typically ask in banking interviews? On the one hand I would think they would ask very technical/math/econ questions, but on the other hand, i-banking at least a couple of years ago did softer majors from the top school I went to and training them on the spot, so is it just fit questions (still)?

If we're talking revenue, IBD aint the core. S&T is.

On the other hand, stop being an idiot and just read the forum.

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.

Sep 13, 2010

What do you want to apply for FT or internship?

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Sep 13, 2010

Yeah, I'd also like to know more about this.

And add Real Estate and Financial Sponsors to this list as well.

Sep 13, 2010

bump

Sep 13, 2010

same here!

Sep 13, 2010

bump

Sep 13, 2010

.

Just my 2c.

Sep 13, 2010

-

Sep 13, 2010

this is a stupid thread.

Sep 13, 2010

haha is TMT the only group people know about?

Sep 13, 2010

Honestly, it's GS. Stop worrying about which group within the best bank, outside of the best groups, is...best...and focus on getting into GS and then going where you think you will fit in and enjoy your time the most. In other words, go for the team fit and go for the industry or product that you are most interested in and where you see your interests going in the future. For example, if you like energy and power and are interested in P/E post IB, then go for natural resources or Lev Fin (out of those listed) - obviously healthcare or consumer and retail wouldn't help you much regarding your goals.

Sep 13, 2010

Scroll back to the top of this page and use the search function on the right hand side, just above the twitter/fb/rss buttons. Then visit Mergers & Inquisitions and read every word on the site. It helped me.

Best of luck in your search.

Sep 13, 2010

Of the three groups left, I would bet on Asset Mgmt in NYC (GSAM) as being the most competitive - it is an obvious track to the buy side (with many potential lateral opportunities down the road). For Atlanta PWM, you'll probably be going up against mostly local candidates? Just my two cents...

Sep 13, 2010

NYC AM would might not have as many top candidate as IBD

but it will have more than enough to fill their program and to make getting in very, very hard

Sep 13, 2010

This is a stupid ass question. Pursue what genuinely interests YOU. You will only achieve so much success (you will plateau) if all you do is follow the money. A FO job at GS is an absolutely incredible opportunity and one would be fine with any one of their groups at the analyst level. You've already ruled out TMT for a legitimate reason - apply the same logic to other sectors. Become the best at what you love and all the exit opps in the world will be presented to you on a silver platter.

Sep 13, 2010

Well thats the issue, I like Industrials and Consumer/ Retail, and maybe FIG just the same. So I can't choose based on that, so I have to go to secondary considerations.

Sep 13, 2010