Goldman Sachs Finance DivisionSubscribe
Okay, give it to me straight. What are the pros and cons of working for GS Finance as a Credit Analyst?
Let's look at this from the usual prestige angle, i.e., b-school potential, FO/MO/BO, its relative position to BB IB and others, and other considerations. FYI, this job is in Salt Lake City (GS is moving jobs out there because it's cheap, apparently). I've done a lot of research on glassdoor.com and it sounds like the pay is about $55-60k all-in on an annual basis if you're going in at an entry level.
Here's GS's webpage for Finance Division: http://www.goldmansachs.com/careers/choose-your-p…
Here are the responsibilities that GS lists for this type of job:
• Counterparty Analysis and Risk Management
• Assess and monitor the creditworthiness of the firm’s trading counterparts and borrowers (e.g. banks, industrials, municipalities)
• Determine acceptable levels of credit exposure
• Assist in qualitative credit analysis, including loan and derivative covenant review
• Assist in the preparation of monthly risk and regulatory capital reports
• Advise Legal of credit terms for inclusion in master and collateral agreements
• Produce qualitative commentaries for senior management
• Interacting with New York and European-based colleagues of GS CRMA, Sales & Trading, Legal
• Analyzing credit risk in one or more of the firm’s traded products such as fixed income and equity OTC derivative products, commodities, funding products, listed derivatives, currencies