Goldman Sachs Interview Process for Summer Associate Internship: Who Can Provide Insight?
Hi all,
This is my first post. I phone-interviewed with the FICC strats team of Goldman Sachs in New York several weeks ago for the summer associate internship. It was my only interview with them. It lasted 1h and was a case study. I had a good interaction with the interviewer and correctly answered all the questions (though some questions took me more time than others). However, since then, no news! What boggles the mind is that their recruiters used to instantly answer my emails before the interview. Any explanation, please?
Still nobody interested in my post? Huuuuuuuhhhhhhhhh (chimp's jungle cry!)
just be patient and focus on something else so you don't drive yourself crazy
Thanks, CaptainJN! Do u have any clue about their unresponsiveness?
Well im stil undergrad so was just speaking out of experience. I know that feeling of waiting to hear back and constantly checking and it really sucks. Find other opportunities and start applying to distract yourself & feel better about the available options (it really helps). just my two cents, if it was several weeks ago and you never got yes/no then you may be wait listed. unfortunately sometimes even when you nail the interview the competition is up against a group where all the others did perfect as well.
Goldman I-banking Summer Associate Interview? (Originally Posted: 12/09/2010)
What's it like? Just got an interview for next week and have lots to prepare. I'm in b-school now, but don't have much prior work experience except for summer internships in finance (bonds, equities--no i-banking). What should I look out for or prepare?
Here are the types of questions you can expect:
Finance questions: valuation, modeling, accounting concepts
Market questions: what happened in the markets, where indicators are at, where markets will be in the future and why
Fit questions: why investment banking, walk me through your resume, greatest strengths and weaknesses, greatest accomplishments
Company questions: questions about the bank itself, relevant revenue and EPS figures, recent deals it completed
Your basic questions can be stuff like:
What is EBITDA?
What is the basic balance sheet formula?
How is the cash flow statement organized?
What is working capital?
Your advanced questions can be stuff like:
What’s the difference between expensing and capitalizing?
In which financial statements does Net Income appear?
Run me through the three financial statements if depreciation increased by $10.
When would you not use a DCF to value a company? What would you use in its place?
Walk me through the treasury method.
I have a whole list of Basic and Advanced interview questions here: http://www.break-into-banking.com/investment_banking_interview.html
Yes, ask him where indicators are at and see if he doesnt punch you in the face through the phone for sounding like an assistant manager at McDonalds. And you better know what 'happened in the markets' since you should be reading SOMETHING to keep up on the world around you...ignore this clown
Ignore break-into-banking? I don't think he was suggesting asking the interviewer those questions. I'm fairly certain he was telling the OP that he should expect to be asked those questions?
he was saying to expect those questions.
And if you've never worked in finance it's very likely they'll ask you something about indicators...
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