Goldman Sachs Finance Division

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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

Comments (38)

 
Jun 21, 2012 - 7:26am

grapefury:
It's BO, away from major financial centers, GS has been there a while now, but have been sending more and more BO there

If you have a better job in a lesser known firm, take that instead

definitely not this

use the small office to create good connections and strong recommendations
show some good skills and dedication
work on your modelling in the free time or try to get in contact with the IB department there

i would definitely take this if it was internship
however if its for a FT, consider some MM botiques or something too

put all the info you have on the paper, and make a comparison between your offers

 
Jun 21, 2012 - 8:44am

seville:
Would the Finance division be considered more competitive than other BO positions like Operations or are they relatively the same?

BO is BO

it depends how much you can network and what you actually get to work on
it is up to the individual

if you just go there to work from 9 to 5 and go bored home, than that is what you should do

 
Jun 21, 2012 - 9:17am

animalz:
seville:
Would the Finance division be considered more competitive than other BO positions like Operations or are they relatively the same?

BO is BO

it depends how much you can network and what you actually get to work on
it is up to the individual

if you just go there to work from 9 to 5 and go bored home, than that is what you should do


But I would still say Finance would have more exit opps than Operations. No?

 
Jun 21, 2012 - 8:40am

I would take that over ops any day just based on that job description.
This sounds like credit risk management, which is one of those middle office-ish roles.

I just had a friend who went from that to high yield research after a year and a half. Except he's here in NY.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 
Jun 21, 2012 - 11:02am

If you grind hard enough, you can get out of back office.....

I'm on the pursuit of happiness and I know everything that shine ain't always gonna be gold. I'll be fine once I get it
 
Mar 27, 2014 - 10:11am

Goldman Sachs: finance role in FICC? (Originally Posted: 04/24/2007)

Goldman Sachs FICC department is broken down into sales, trading, and finance. Would anyone be able to elaborate on the finance role in FICC? Does this have to do with structuring and origination activities?

Thanks

 
Mar 27, 2014 - 10:12am

very interested in knowing more about the Fixed Income portion of this as i'm meeting with a FICC GS MD tomorrow.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
Mar 27, 2014 - 10:16am

Goldman Sachs Finance Divison (Originally Posted: 08/06/2007)

Does anybody know the entry-level analyst salaries for Goldman Sachs Finance Divison? (Finance meaning middle office, NOT corporate finance/ibanking)
And what exactly is relocation package? I everyone in forums talking about 10k relocation package, what if don't spend all 10k on relocating, do get to keep the whats leftover?

 
Mar 27, 2014 - 10:17am

You get 10k as a signing bonus. Whether you spend it on relocation or not is up to you. It is all yours. You may also get an additional relocation bonus depending on where you are working. This is entirely yours as well.

CompBanker

 
Mar 27, 2014 - 10:18am

Goldman Sachs Finance Division - Anyone Know About It / Interview for it? (Originally Posted: 01/07/2007)

Can anyone speak upon the culture and the overall Finance Group at Goldman Sachs, and more specifically the Corporate Treasury Group? Has anyone been through the summer internship or full time interview process for the GS Finance Division? Is it the same superday type like IBD, mostly behavioral or more financial?

 
Mar 27, 2014 - 10:19am

kmahajan,

I am in the same boat as you but for another part of the finance division.

From what I know, due to my friend being hired by the company that does the HR stuff for GS, it is a bit of both. It is mainly a personality/fit type interview with a good amount of financial questions in there, after all it is the finance division.
However, this is for those with some experience as they came by my city hiring for the Middle/Back-Office/Support Divisions. For brand new minted graduates you would have to apply in the fall with everyone else, unless, they have openings you know of or they are specifically looking for someone.


Hawtness is a state of being, not how you look like...
I'm pretty, so pretty...

 
Mar 27, 2014 - 10:22am

Goldman Sachs Finance (Controllers) Interview (Originally Posted: 11/30/2014)

Hey all, I am having an interview with GS for an internship with the Finance (Controllers) group and was wondering if any of you could help with with what I should expect with the interview, it is actually my first legit interview for a job as well. Additionally, the interview will be conducted on campus, so I would expect it to be someone from HR conducting it, so should I bother brushing up on technical questions? Or stick with the behavioral.
Thank you

 
Sep 24, 2017 - 7:30pm

Finance is Back Office. Compensation is dependent on location, best bet is to check Glassdoor for what office you're applying to. Many people shit on BO roles here but they pay above market average for their positions and you'll get out of the office at 5.30 most days while enjoying a pretty stress free career in comparison to the FO. Simple saying to go by is "FO make the money, MO protect the money, BO count the money"

 
Sep 24, 2017 - 7:31pm

Speaking from experience, you do get paid substantially more than market average but depending on bank and product group, the "getting out at 5.30 on most days" is highly variable. You can log lots of hours during important times (month end, quarter end, year end) and if the bank is a big player with regards to the product you take care of, it can get ugly (from a BO perspective). During my internship, half of the time I'd get in at around 8.30am and leave at 8.00pm.

 
Sep 24, 2017 - 7:32pm
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