Goldman Sachs Interview - Who's Been Through It for Internships?

Alright, lets hear about the notorious Goldman Sachs interview.... Who has been through it, first round and super day for full time or internship? What's it like?

Goldman Sachs Interview Process Overview

Typically, Goldman Sachs has a two-step interview process for internship and full-time interviews. The first round interview will be a HireVue interview which you can learn about here on Wall Street Oasis.

You can learn more about the video interview with the below video.

https://www.youtube.com/watch?v=AhFDHQpgvbM

If you move past the HireVue stage, you will be invited to a super day interview which will likely consist of 3 in person interviews with people from your division of interest. For investment banking, the questions will likely consist of a few accounting statement linking questions or basic valuation questions as well as fit based questions. They will likely ask questions testing your intellectual curiosity as that is a point of great importance to GS.

Read More About the GS Interview Process on WSO

Preparing for Investment Banking Interviews?

The WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry. This guide will help you learn how to answer these questions and many, many more.

Investment Banking Interview Course Here

Comments (197)

Dec 11, 2006

Grueling. So bad that I slept through take off after the interview.

Dec 11, 2006

First day is all fit. Then superday for me was 4 or 5 back to back interviews on Broad Street. Fairly technical, but nothing ridiculously hard. Seemed to have a strong focus on 'Why Goldman?' and some simple accounting, linking the statements etc. They got back to me right away with an offer. I interviewed with people from various groups and mostly were 2-1.

Dec 11, 2006

Only had a final round interview. Had a few technical questions regarding bond prices, yields, etc. Had interviews from 9am to 4pm straight(except a 1 hour lunch with the analysts.) Got back to me the next morning.

Dec 11, 2006

Why does it have a reputation to be such an intense interview......

I don't understand that part.

Tell any one that you got an interview with Citigroup or JPM and everyone gives an amazed look. However, tell anyone that you got an interview from GS and everyone's eyes are wide open.......

Dec 11, 2006

The most intense interviews I had were for:

CS San Francisco Tech M&A - Random brain teaser and logic based finance questions
Blackstone M&A - Very strong technical and previous deal knowledge from my summer.
UBS LA - Complicated accounting and no help from interviewer
Greenhill - Just Technical in general

Most boutiques in general I found to be more intense than BB. For some reason the GS interview I had was fairly straight forward - very similar to the Vault Finance Guide.

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Dec 11, 2006

I interviewed for FT analyst and it was not bad. First round was mostly fit and going over my resume with an Associate and HR girl. Second round was four 2 on 1 interviews in succession. It was all associates and one partner. Some technical questions, a lot of fit questions. It seemed like they were evaluating my mannerisms and personality as much as anything else. The PMD asked some very tough modeling questions and "what do you do in your free time?" That's always fun. Got the verdict about 2-3 weeks later because it was an accelerated interview.

    • 2
Dec 12, 2006

thanks!

Dec 12, 2006
Intern:

I interviewed for FT analyst and it was not bad. First round was mostly fit and going over my resume with an Associate and HR girl. Second round was four 2 on 1 interviews in succession. It was all associates and one partner. Some technical questions, a lot of fit questions. It seemed like they were evaluating my mannerisms and personality as much as anything else. The PMD asked some very tough modeling questions and "what do you do in your free time?" That's always fun. Got the verdict about 2-3 weeks later because it was an accelerated interview.

Mine was the same. I had one guy look out the window the entire time while I answered his questions! Very weird.

Dec 12, 2006

1st round was the usual background, valuation, and I got case study like questions. super day was more technical, but based more on my summer experience. Overall, not too grueling.

Dec 12, 2006

Many of you said you met with 4 different groups for 2 on 1 interviews throughout the day.... How do these interviews differ? Like if you are applying for Asset Management, will one of the interview be with 2 people from the investment banking department to test you on your knowledge on i-banking and M & A, and then another from Sales & Trading to test you on your current market knowledge, etc?

    • 1
Dec 12, 2006

For summer analyst spot in Europe, not London:

-Two rounds of phone interviews
1) two MDs from Europe asking fit questions...really encouraging me, but also intense on the "why goldman". grilled EVERYTHING on my resume. spoke both languages to me that i had put on my resume as proficient...be prepared
2) Associate from the office, general technical, accounting type questions. know it.

-Four rounds in the NY office
1) Met with VPS, and analysts who used to work in the country office where i was interviewing. got lambasted by a VP with this crazy consulting type problem involving cash flows of a hypothetical company...was intense. lots of technicals from analyst. also had a video interview with the european office.

-On-site, 7 round interview in Europe with written english and math exams
1) insane.
2) made me go in RIGHT after my transatlantic flight, straight from the airport
3) sat me in a room for over 8 hours. everybody came to me in the room. total stress test
4) HR girl tried to psyche me out about the written test...emphasizing the time pressure. just stayed cool..went through it, did well.
5) whole team came in one-by-one to drill me. fit for the first 10 min, brainteasers, accounting questions, valuation questions, why goldman questions, everything.
6) some were good cops, some bad, some turned lights down low and asked if i was getting tired...some flipped lights on bright and asked tough questions right away
7) finally made it to a sweet MD who was nice and tough. was friendly at first, then started yelling at me, asked me to stand up and give a speech on the global auto sector, told me to sit down and quizzed me on math questions and the size of various global firms. told me i had it at the end...and was really nice.

not too bad, huh? everything was MUCH more intense than CS, Citi, or Jefferies. even interviewed with McKinsey and they werent that intense.

Dec 12, 2006
siena117:

For summer analyst spot in Europe, not London:

-Two rounds of phone interviews
1) two MDs from Europe asking fit questions...really encouraging me, but also intense on the "why goldman". grilled EVERYTHING on my resume. spoke both languages to me that i had put on my resume as proficient...be prepared
2) Associate from the office, general technical, accounting type questions. know it.

-Four rounds in the NY office
1) Met with VPS, and analysts who used to work in the country office where i was interviewing. got lambasted by a VP with this crazy consulting type problem involving cash flows of a hypothetical company...was intense. lots of technicals from analyst. also had a video interview with the european office.

-On-site, 7 round interview in Europe with written english and math exams
1) insane.
2) made me go in RIGHT after my transatlantic flight, straight from the airport
3) sat me in a room for over 8 hours. everybody came to me in the room. total stress test
4) HR girl tried to psyche me out about the written test...emphasizing the time pressure. just stayed cool..went through it, did well.
5) whole team came in one-by-one to drill me. fit for the first 10 min, brainteasers, accounting questions, valuation questions, why goldman questions, everything.
6) some were good cops, some bad, some turned lights down low and asked if i was getting tired...some flipped lights on bright and asked tough questions right away
7) finally made it to a sweet MD who was nice and tough. was friendly at first, then started yelling at me, asked me to stand up and give a speech on the global auto sector, told me to sit down and quizzed me on math questions and the size of various global firms. told me i had it at the end...and was really nice.

not too bad, huh? everything was MUCH more intense than CS, Citi, or Jefferies. even interviewed with McKinsey and they werent that intense.

Exaggerate much?

    • 1
Dec 12, 2006
higher_energy:
siena117:

For summer analyst spot in Europe, not London:

-Two rounds of phone interviews
1) two MDs from Europe asking fit questions...really encouraging me, but also intense on the "why goldman". grilled EVERYTHING on my resume. spoke both languages to me that i had put on my resume as proficient...be prepared
2) Associate from the office, general technical, accounting type questions. know it.

-Four rounds in the NY office
1) Met with VPS, and analysts who used to work in the country office where i was interviewing. got lambasted by a VP with this crazy consulting type problem involving cash flows of a hypothetical company...was intense. lots of technicals from analyst. also had a video interview with the european office.

-On-site, 7 round interview in Europe with written english and math exams
1) insane.
2) made me go in RIGHT after my transatlantic flight, straight from the airport
3) sat me in a room for over 8 hours. everybody came to me in the room. total stress test
4) HR girl tried to psyche me out about the written test...emphasizing the time pressure. just stayed cool..went through it, did well.
5) whole team came in one-by-one to drill me. fit for the first 10 min, brainteasers, accounting questions, valuation questions, why goldman questions, everything.
6) some were good cops, some bad, some turned lights down low and asked if i was getting tired...some flipped lights on bright and asked tough questions right away
7) finally made it to a sweet MD who was nice and tough. was friendly at first, then started yelling at me, asked me to stand up and give a speech on the global auto sector, told me to sit down and quizzed me on math questions and the size of various global firms. told me i had it at the end...and was really nice.

not too bad, huh? everything was MUCH more intense than CS, Citi, or Jefferies. even interviewed with McKinsey and they werent that intense.

Exaggerate much?

Yeah, it seems a bit much for a summer undergraduate internship. I don't think they would devote that much time and resources to hire a summer analyst.

Dec 12, 2006

Oh my god is that what the interview was like for full time or summer internship? I had no idea it was that intense!

Dec 12, 2006

I found the attitude more grueling than the questions per se. There were some challenging technical questions and some curve balls that I hadn't expected, but unlike most other banks where people are somewhat warm even when they're giving you a serious interview, at GS the interviewers never cracked a smile. I've never had interviewers stare so hard and intently at me during an interview, and I admit it was somewhat intimidating. Most intense interviews I've ever had.

Dec 13, 2006

or take the time to write so much if it wasnt true?

two phone rounds, a first office round and a superday is pretty standard.

plus, in some of the european offices, the teams are smaller and there is not an entire "class" of analysts...so they are pretty serious about it.

believe it or not. just giving my experience.

Dec 17, 2006

had a phone screening with a VP, then flew in for a super day. had 9 or 10 back-to-back interviews from 10AM-5PM and also went to lunch with someone from HR. all of the interviews were intense - very technical, detailed questions about my work experience and general industry knowledge.

it's tough but there's not much you can do to prepare other than coming up with lots of really good questions to ask your interviewers.

Dec 18, 2006

How advanced are the financial questions for the summer internship interview, or would you say they are more of just basic financial questions?

Dec 18, 2006

Intern: 1st round was on-campus with some alums from my school. Really easy and nice, pretty much fit (this was for investment management). superday was grueling. 7 hours of interviews where i met 20 people. In the morning, I think I had 3 interviews. then during lunch, they get into a room (if you're a girl, i'ts pretty much like rush) and they vote on who stays and who goes. They brought us out one by one and either asked us to stay or to leave. I was in GS offices until about 5 pm or so (got there at 8am). I interviewed with different business groups within GSAM. After, I received another phone call saying that they wanted to meet with me again, so I flew back to NY for another round of interviews. Ultimately, I didn't get an internship offer in the group I wanted.

Full-time accelerated:I had two different interviews, one in S&T and the other in Investment Management. S&T people sucked..both of the interviewers were so boring and I couldn't even stand being in the room with them for 30 minutes. I knew I didn't want to be in that division. First round in IM was the easiest thing ever. My interviewer was so nice and basically spent 20 minutes talking about herself and her career path. She barely asked me any fit questions and asked me what groups I'd be interested in. All i got from her was "I've heard you're awesome. Your resume is fantastic. I have no questions." Received final round interviews in IM,and ultimately an offer. they were alot easier than my internship interviewers, and pretty much fit all the way through.

Dec 20, 2006

sorry if you've answered this already, but how/why were you in an accelerated stream?

Dec 22, 2006

get invited if you applied in the winter for an internship (But i'm sure they have your file). Some of my friends who were invited to apply ultimately didn't receive any interview.

alot of other banks do this accelerated process also.

Dec 22, 2006

Just had my phone interview today. It was very relaxed and basically a normal conversation. The person I spoke with seemed very nice. I was asked the basic questions you would expect to get in any interview. BTW it was for a summer position.

Dec 23, 2006

MB00:

Which round was this for you? Also, target, or non-target?

Dec 22, 2006

thanks

Dec 24, 2006

First and non-target

Dec 29, 2006

I interviewed with GS in the early round of FT recruiting during the summer. As previously noted, first round was an associate and HR woman. They went back and forth between technical and behavioral questions. It was only intense because they were both very serious and it was 9pm at night after a 14 hour day of internship work.

superday was intense for different reasons. Four 2-on-1 interviews and literally every single interviewer was from Wharton or Harvard or both. They kept stating that they are looking for "the best" and would ask if I was top of my class etc. You really need to have a tight pitch on what makes you better than the other candidates. Don't expect to get away with reciting formulas or theories if you can't explain them in your own words. That's a given but one guy really pushed me on this.

Overall, GS was tough but I find 2-on-1 interviews are always a little more intense than usual. I've definitely had worse interviews. MS was brutally technical - they made me calculate an EV (FCFs and WACC) for my stock pick without using pen/paper and taking numbers from memory or guessing. Having said all of that, it can just depend on your interviewer!

Mar 9, 2008

I had an unexpected phone interview while studying abroad. That was interesting.

Dec 29, 2006

wow thats really sucks man...sorry

Jan 24, 2007

My first interview with Goldman was the "superday" interview. I was referred by a friend of a friend and was interviewed for 4 hours and 45 minutes by nine individuals. The process was very cordial and everyone seemed very professional. I interviewed with two departments that were both hiring. At the end, they told me they had to meet to discuss candidacy. How long does it usually take for Goldman to get back to you? Is it based on how busy they are?

Mar 14, 2018

hi, I am in the same situation right now. what happened to you in the end? did they get back to you at some point and how long later that was? haha the wait is difficult...I have finished the whole process with one team together with the HR phone call about salary expectation and their peer review feedback. Now still having interviews with the other team...Is my situation somewhat similar you think?

Jan 24, 2007

they let you know right off the bat, esp. if you are at the top of the list. Friends of mine have gotten phone calls on their way to the airport.

Some other people have gotten very mixed signals, i.e. they were in the middle of the pack, other ppl. didn't accept and they were called on.

Jan 25, 2007

I have e-mailed people within the firm to no avail expect for the admin assistant who works as a gatekeeper. Her response was that if I do not hear back within ten day's, to let her know and that she would follow up. If they are interviewing several people over the course of a couple of weeks and you're interviewing for a job that would start in the Spring, couldn't it be possible they are going to meet at a late date, or do they meet after every interview to discuss candidacy?

Mar 14, 2018

One of the teams met right after to discuss and the feedback I got was very quick too...the other team seems to be taking their time cos my super day happened a month after lol

Feb 13, 2007

hu

Feb 22, 2007

I got grilled! Real bad!!!

I think I was a bit too arrogant, and the guy did not like it....

I might be getting another chance for interviewing. Any hints on what to do and not to do?

This time its in research, should I expect questions on the market or specific securities? Between work and studying for the CFA I havent had time to read WSJ or watch CNBC in a while!!

Feb 26, 2007

My first round GS interview was much harder than my super-day. Then again, nothing compared to how intense my McKinsey interview was.

Feb 26, 2007

My first round GS NY interview was pure fit. They sent one person out of about 15 to second rounds and it was not me. They assume that you can do the job if your application is strong enough to get interviewed.
I hear GS LA was mostly technical though.

Feb 26, 2007

CDNmonkey which school in Canada do you go to?

Mar 1, 2007

My GS first round interview was purely fit and behavioral. I was asked questions like "Why Goldman?", "Why financial services?", "Why not consulting, marketing, etc.?" They also asked general questions about my resume to get a sense of my personality. During the first 20-25 minutes, the interview focused on me; during the last 15-20 minutes, the interviewer let me ask questions about GS and his experiences at the firm. Overall, it was not as intimidating as I thought it was going to be.

May 6, 2007

I reached the final round of interviews for a Research Assistant role at Goldman. The MD said that there would be a written test next week as the final toll gate. Any idea what the test entails? quant / financial modeling / business writing / analytical writing like in GMAT? Please comment Thanks!

rog

May 8, 2007

A friend referred me and I have am scheduled for a phone. The desk deals with some type of RMBS, but thats about all I know. Any tips?

May 9, 2007

How did it go?

May 14, 2007

another phone screening tommorow, spending today prepping

May 15, 2007

dinged for sure

May 15, 2007

how so?

May 16, 2007

elaborate please...

May 22, 2007

interview did not go well, surprising considering the interviewer went to my school. we interned at the same firm, but in different groups and had vastly different experiences, to the point where I sounded buffoonish. No word from them in the last week.

Jun 29, 2007

any tips for a boutique?

Jun 30, 2007

first rounds were on campus, some 2 on 1, some 1 on 1, with alums from my school pretty much across the board. you could have interviewers from any division, no matter what you applied to. if you get second rounds, they decide the division.

the first time i interviewed for an internship, i was a sophomore with no finance coursework or experience, so my interviewers more or less gave me advice on how to strengthen my candidacy for junior year.

when i interviewed as a junior, i got a few technical questions based on some previous experience and a lot of fit questions including "why GS." an interesting question i got: "would you rather be the captain of a losing team or be a regular member of a winning team?" i was called that night for second rounds in IBD, which i wasn't expecting (i had indicated more interest in FICC during my first round).

the next day, i had three half-hour interviews, all 2 on 1. i had a hard time convincing them that i really wanted an IBD job, but one of my interviews was with people working in capital markets-related areas. i really hit it off with them, but not with any of my industry group interviewers.

later that day i was about to leave for the airport when i was asked to come back to meet more people from my capital markets interviewers' groups. i had 4-5 informal interviews with people from those groups that evening, and got an offer from one of the groups the next day. the last round of informal interviews was part technical (testing my intuition for the products they worked with) and part fit.

overall, an exhausting experience. GS is very "big brother" in that they think they know which group/division is best for you, regardless of how you feel.

    • 1
Jul 7, 2007

I go to a non-target school and my first round interview was ALL fit, i was expecting it to be much more technical. It was only about 30 minutes in the Maiden Lane, NYC office. It was not bad at all, and much less intimidating than I though it would be... However, i did not get a second round interview

Aug 5, 2007

When you apply online, they ask you to apply to three divisions, does this mean you have to rank them from first to third in preference of where you want to work, or do you get equally reviewed for each position regardless of what position you ranked it, that is if there is a ranking system......IN addition has anyone been to the study abroad super day that is specifically meant for students who will be studying abroad in the spring, so they hold a special super day sometime i think in november or december for these people. Is this application cycle easier or harder than the traditional spring one?

Oct 8, 2007

I have an upcoming interview for FT Operations Analyst position. Can anyone give me any tips or suggestions regarding question they may ask for this particular division?

Oct 14, 2007

Goldman Sachs Phone Interview, later that day they called me to schedule an interview with two recruiters. The phone interview went well. Was asked basically what i do at my current job, with specifics. Now i i have to meet two recruiters for a informative interview. There was no exact job mentioned. Any ideas where this will lead to? And if this is considered a first round??

Jul 30, 2008

well do elaborate!

Sep 19, 2009

It took me almost 5 months to get an interview despite thorough networking...the phone screen went very well and I was notified to come to a real face-to-face interview in 2 weeks. However, the person who began the interview was absolutely completely horrible. Didn't read my resume, didn't understand half of what my history in the financial world had to do with this job, said despite my many years of experience and multiple financial licenses I was not experienced. Kept asking why I want to leave my current job. Like twenty different ways. My headhunter told me that the interview was going to be 4 hours, highly structured, prepare for anything. Nothing went as planned at all. The thing is, I am highly qualified and do have strong experience in the field. I was dismissed like a gnat on the wall. Completely baffled. This person may have been a bad apple in the bunch. But I thought GS stood for something. Evidently something is really wrong there with a person like this ruining interviews and sending bona fide candidates away in a very rash manner.

Sep 20, 2009

Have first-hand experiences of interviews for three divisions: Securities, IBD, and Global Investment Research (including from accelerated interviews for this current recruiting cycle)

Take the following with the grain of salt as the variance for types of interviews and the interviewers is extremely high.

  1. For securities, a lot of mental math questions - e.g. how many pennies would fit in this room, math game dealing with factorials, and a question about how swaps were an example of game theory
  2. For IBD, mostly fit questions (they are judging you on whether of what you highlight would make you a good analyst). Regarding GS and the position, I was asked who the current CFO was, which business principle I found to be most important, and what makes a good analyst. I had only 2 technical questions - what are different valuation models and are there any changes I would have made to the model I built in a previous internship.
  3. For Global Investment Research, I was asked to talk about a paper and the investment thesis I wrote for an investments class (and later became the foundation for a paper that was cited with my professor). No technical questions at all - given that I had worked in securities before, it was assumed that I knew about the economy.

Hope this is helpful. Feel free to reach out with specific questions, as I have compared my interview experiences to other interviewees and fellow interns.

Chasing Consultants, Breaking Bankers
http://chasingconsultantsbreakingbankers.blogspot....

Oct 3, 2009

I had a phone interview with the PWG group. I have not heard back from them since my interview on wednesday. Does it mean they are not interested?
My interview went quite well, I thought.

Sep 23, 2009

Found out I was selected for interview with GS Investment Management. Does anyone have insight about what to expect in each round and the interview process for this department specifically?

Nov 16, 2009

I have been asked to schedule two back to back phone screens by someone from the Revenue Campus Recruiting Team at GS in New York. My major is in the social sciences (i.e. no finance or accounting) and I am from a non-target school. I applied online to PWM in New York and GIR in London.

What kinds of questions can I expect?

Mar 14, 2010

I wouldn't recommend this company if you are a top tier progressive technologist. The interview was so easy even for the Lead/Architect level position that you start to wonder about losing your edge in no time. Even their so called Technical Fellow was so outdated with the technology. I then confirmed online that Finance companies generally hire below par technologists unlike pure technology companies.

In spite of being mediocre, there was no dearth for dirty ego in these interviewers. This is the most egoistic company with no substance I ever encountered in my career. No wonder, these idiots glorify and create buggy finance models that helped prosper countries like Greece and companies like AIG!!.

I think this company is a shame to US image in the Europe and abroad. I also think this company is doomed to fail soon.

HR was the worst ever experience. Didn't get any straight response to even the basic benefits question during the verbal offer. Felt like dealing with some scum. I guess this is how they cheated Greece.

These guys were never open. Didn't feel like they were honest. I think this is the worst company culture and no wonder these crooks created this finance mess around the world and now its their turn to pay back.

DONT EVER WORK FOR THIS COMPANY IF YOU ARE A TRUE PATRIOTIC AMERICAN. THIS COMPANY WILL EAT ITS OWN SHIT IN LESS THAN AN YEAR.

Mar 14, 2010

/\ troll.

Mar 27, 2010

I wouldn't recommend this company if you are a top tier progressive technologist. The interview was so easy even for the Lead/Architect level position that you start to wonder about losing your edge in no time. Even their so called Technical Fellow was so outdated with the technology. I then confirmed online that Finance companies generally hire below par technologists unlike pure technology companies.

In spite of being mediocre, there was no dearth for dirty ego in these interviewers. This is the most egoistic company with no substance I ever encountered in my career. No wonder, these idiots glorify and create buggy finance models that helped prosper countries like Greece and companies like AIG!!.

I think this company is a shame to US image in the Europe and abroad. I also think this company is doomed to fail soon.

HR was the worst ever experience. Didn't get any straight response to even the basic benefits question during the verbal offer. Felt like dealing with some scum. I guess this is how they cheated Greece.

These guys were never open. Didn't feel like they were honest. I think this is the worst company culture and no wonder these crooks created this finance mess around the world and now its their turn to pay back.

THIS COMPANY IS THE BIGGEST SHIT YET TO COLLAPSE...

Mar 27, 2010

Look if you are a technologist and love the bleeding edge of tech, don't go into sell-side finance. It's not their bread and butter and it doesn't need to be because its a franchise business.

Typically hedge funds/prop-firms are the first adopters of the newest tech into finance because its an arms-race. But GS has a history of being more progressive than other firms.

Mar 27, 2010

i like to think im pretty badass from time to time but my GS experience definitely brought me back down to earth.

got a call from a head hunter i had built a relationship with and let handle my resume back when i was a trader. he had lobbed a few calls in from hedge funds and other banks that wanted to meet me, but i was completely uninterested until he called to say GS saw my resume and wanted to interview me as soon as possible. i was an associate at the time. who turns down goldman sachs right?

i make up some shady excuse to get off the desk for an afternoon and headed down to 85 broad a few days later. i interviewed with a couple of VPs and and MDs. the MD experience was mostly conversational. they seemed particularly interested in client contact, my views on the market and the experiences i could bring to the firm. there was clearly one MD that was understaffed and was frank about wanting me, as he was starting a new group thats now really popular all over the street these days, but i really wasnt interested in switching my career around at that point so i told him that it really wasnt my area of expertise and that I probably was not the best person for that role (first mistake).

the VPs were fine. they asked me more specific technical questions but nothing that if you know what youre doing you couldnt answer. except for this one VP from my exact area who was a real hard ass. he had more than a few questions that were specifically designed for a trip up. but it wasnt so much the questions as his attitude. anyhow, there was no way i was going to be intimidated by a fkg VP, when i was executing and getting paid at VP levels already at my firm. so i sucked it up, buttered it up and did pretty well by my accounts. by the end of it we were trading stupid trader floor jokes.

looking back on it, i think i might have come off a nonchalant and arrogant because of my first mistake above and also when asked how much i wanted to get paid i said some ridiculous number and then i also felt the need to make it real clear that i did not want to work in any other area but my specific one (definite no, no). i dont know, i was probably trying to overcompensate and pretend to be too cool for GS as a way to prove i did belong (bad idea). i was also thinking i just wanted one more banner bonus year and then i was gonna peace out of the business anyway. but there was no doubting i would have gladly worked there.

anyhow i dont know if they ever filled the role or ever had one, were just curious about me and wanted to poke a stick, didnt like my attitude, simply thought i sucked ass or some combination of all of the above, because i never heard back from them. not one word. not sure if i would change what i said or did, it is what it is and im happy with where i am now, but i can tell you this - it sucked at the time and im still a little bitter about it.

so i guess the takeaway here is that this is clearly what not to do on a goldman sachs interview!

Mar 27, 2010

Got an OCR interview earlier this year cause an MD forwarded my resume through to the recruiters (I know this because my resume wasn't strong enough to get me interviews with any other BB's). The interview was clearly a formality and they had no interest in giving me a chance to prove myself, as they didn't ask anything technical and barely asked about my experience. Just a few behavioral questions. They were very nonchalant and friendly, but it was clearly a BS interview. Perhaps they were also hungry as my interview was right before lunch...

May 6, 2010

Hi bro and sis,

I read some opinion about this topic in citehr forum. We can find out some articles at about.com or shrm.org, I think that it is useful for our community.

Apart from that, you also can ref more at: http://www.humanresources.hrvinet.com/admin-assist...
Rgs

Apr 21, 2010

It was actually one of my easier interviews. Unfortunately I was so nervous with it being GS and all that I completely flunked it.

"I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom

Sep 13, 2010

Anyone have any insight on credit derivatives analyst interview? I have no experience with credit derivatives, but this is what they selected me for (based on my resume and I would assume their needs).

Oct 15, 2010

After reading searching for my own answers after my Super Day with GS Bank, I felt compelled to contribute.

The interview was for a (for Seniors in college) Full-time Analyst Position within the GS Bank for either Management OR Strategy and Business development divisions.

Here's how it went:

Round 1

On-campus interviews consisting of all behavioral questions

Round 2

Had the Super Day at 600 West NY and did back-to-back interviews from 9-11am. All behavioral and fit questions none technical. Come lunch, there is a decision making process of some sort and everyone gets called back up to the floor and you are separated into two groups. One group goes home with " we will contact you all next week" and the other stays (if they want more info from you) "so they say".

No clear indication of why some go home and some stay as I thought I did a great job and connected with a lot of people with the team. I sent emails to interviewers thanking them and was told that the decision for further consideration is in the hands of Human Capital Management. I have no idea how this works, as I am a diversity student and wouldn't know how HCM dictates who gets what job and how that comes about.

It is hard to say if this is bullshit or not, but will definitely post progress to help those who will experience this as well.

Oct 15, 2010

the p/e question would be something like one company has an EPS of 5 and a price of 5 while the other has 3 and 3 respectively?

Oct 15, 2010
slypko:

Was asked the question that if two firms had the same p/e ratio of 1, why would one company's stock be trading higher than another? Don't know why, but it buffled me, but I bullshitted something and one of the interviewers said that it was right.

Isn't it just because one has higher earnings than the other?

Oct 15, 2010

It could have been because one company just split their stock, in which case its shares would be trading lower than the other.

e.g., Google has a P/E ratio of 60 and Gaggle has a P/E ratio of 60. Both stocks are trading at $500. Gaggle decides to split its shares for increased liquidity, such that it has 10x the amount of shares it had before. One $500 share would turn into 10 $50 shares. The price-to-earnings ratio would still be 60 for each share because everything simply gets divided by 10!

Oct 15, 2010
bullmetaljacket:

It could have been because one company just split their stock, in which case its shares would be trading lower than the other.

e.g., Google has a P/E ratio of 60 and Gaggle has a P/E ratio of 60. Both stocks are trading at $500. Gaggle decides to split its shares for increased liquidity, such that it has 10x the amount of shares it had before. One $500 share would turn into 10 $50 shares. The price-to-earnings ratio would still be 60 for each share because everything simply gets divided by 10!

Nice example, but the result in this situation is precisely what grandapbuzz mentioned. After the split, you're essentially comparing a company that has a price of 500 and eps of 8.333 with a company that has a price of 50 and an eps of .8333.

Oct 15, 2010

BTW slypko, are you a finance/economics major, or a liberal arts major?

Oct 15, 2010

Finance

Oct 15, 2010

uhhh... what position is it for? banking, trading, imd, etc? Did they tell you?

Oct 15, 2010

It's the IB Summer Analyst position. I am at a target school and the interview is on-campus.

Oct 15, 2010

yes, you sound unprepared. No, we don't ask guesstimate questions (this is not consulting), and yes, we ask technical finance/accounting questions, with the level of difficulty pegged to your background.

Oct 15, 2010

No answers--darn. How'd it go? I have one this week.

Oct 15, 2010

I m applying fr sa in this division. Does anyone know hw the placement works? I m strictly interested in ER

Oct 15, 2010

Interview insight would also be great:)

Oct 15, 2010

u might have more luck putting this in the Equity Research board...when i went through GIR interviews, it was just a typical ER interview...
pitch a stock you'd buy, an industry you like, a stock you'd short...know some current events. understand the financial statements. but most important is being able to formulate an opinion on an investment opinion. it doesn't have to be right or wrong but be prepared to stick up for it as much as possible.

Oct 15, 2010

Thanks great stuff!! Any idea how the placement works within the division??

Oct 15, 2010

relax and think your answers twice before spitting them out, don't freak out with brain teasers. The rest is all about personality and knowlege.

good luck im jealous

Oct 15, 2010

...seriously?

Oct 15, 2010

wow talk about procrastination. Should've done this a day in advance.

Oct 15, 2010

You will FAIL!

Sincerely,
BroadStreetBully

"Everybody needs money. That's why they call it money."-Heist 2001

Oct 15, 2010

If you're posting on WSO 45 minutes before a GS interview then you have no chance..

Oct 15, 2010

good luck buddy. just calm down and be yourself

Oct 15, 2010

how'd the interview go?

Oct 15, 2010

I'd try to delete this thread in case anyone from the Nat Res group in GS is on here.

Oct 15, 2010

unless you got this interview with no prior work experience, i don't see how it could be your first interview...

Oct 15, 2010

You should have ended the interview with a question in regards to a timeline on when you can determine whether or not you got the position. At the very least you should have followed up with a phone call within a week. Hate you break it to you, but the second round usually follows within 1-2 days. Keep applying.

Oct 15, 2010

alumnus what office and what group was this for?
I had a similar thing happen to me with GS and I they got back to me like a month later. Needless to say I got declined, so two things can be going on. They either are really still deciding between candidates (if its NY office, they just moved their offices from 85 broad and are still in the "moving in" process), or they extended offers to other candidates that haven't made up their mind about accepting/declining. But. at the same time I had friends that interviewed for the same position and got declined next day, so you might still be in the game, BC if they didn't like you they would tell you right away. I would just wait and maybe follow up with the people you interviewed with in about a week or two. I know this sucks and like Investar said, keep applying. You don't want to put all of your egss into one basket. Hope this helps.

Oct 15, 2010

Hi Investar and gerytos, thanks a lot for your messages. They are very helpful. Actually, I had that interview with GS (hk) for a legal analyst position. After sharing gerytos' experience, I think in all likelihood I have been already put on the waitinglist. By the way, do you know someone else who is seeking the same position with mine? Or some information about the legal dapartment of gs? In this forum, I seldom found messages of this kind.

Oct 15, 2010

Same thing happened to me, When I interviewed with them I asked about a time line and the associate interviewing me had no idea. I emailed HR, and they said they were in the process. In the end it took about a month for me to receive my rejection...you are either on hold or they are just really bad about getting back to people on time and you've already been dinged.

Oct 15, 2010

alumnus, Take into consideration that they just moved from 85 broad, it takes a lot of time to get the computers connected, other than the trading floors. Find a bar near the new location and have a drink after work hours, see if you can get a feel for how the move went ... see if anyone is there from legal, just to get a feel for what is going on ...

Oct 15, 2010

same problem here. I had a 2nd round interview with GS IBD in hk around 5-7 days ago and haven't heard back from them since. should I follow up with an email or has GS hk already sent out the superday invites?

Oct 15, 2010

superday invites sent yesterday, GS HK.

Oct 15, 2010

You meant superday invitations of all divisions of GS hk were sent out yesterday or just the IBD?

Oct 15, 2010

anyone know the typical notification time after 1st round GS SA interviews, esp for SF office?

Oct 15, 2010

Hi guys,

I've had 3 interviews with GS HK Compliance division so far. 2 hours after my 3rd interview last night, HR tried to contact me but I missed his call. Emailed back straight away and was asked to provide a time once business opens on Monday for him to give me a "quick call to provide an update on our status".

I'm not hoping much and am trying not to read too much into those words, but this is killing me! Anyone has any idea what does this mean?

Does GS normally reject by email or phone?

Thanks heaps!

Oct 15, 2010

Sounds like you got the job. When I had my superday with them for IB I got a call about 2 hours after my last interview, it was from an MD I interviewed with not HR though.

Congratz

Oct 15, 2010

Hi Everybody!

I got an interview for Marker Risk Analyst Position last Thursday. How do you, when shall I expect the invitation for the second round if everything went well? How soon shall I follow up?

Thank you.

Oct 15, 2010

Post the job description

Oct 15, 2010

Get ready for a lot of fit questions.

Oct 15, 2010

BashPolley, do you know who that is in your avatar? I happen to know her personally.

Oct 15, 2010
youngblood:

BashPolley, do you know who that is in your avatar? I happen to know her personally.

You mean the pink panther?

No I don't, but I'm guessing it's some model, got this off a fashion site.

Oct 15, 2010

You're interviewing this late??

Oct 15, 2010

Yes...this is my 2nd phone interview for the Securities division, possibly structuring but they seem to be more interested in programming skills, this is what i think from my 1st interview. What they might ask?

Oct 15, 2010

Resume walk through, team experiences, and leadership.

"Give me guys that are poor, smart, and hungry. And no feelings." - Michael Douglas as Gordon Gekko in "Wall Street"

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Oct 15, 2010

first round telephone interview for their ibd

tell me your favorite class of the ones listed under your relevant coursework on your resume; give me an example when you worked in a team in that class; what would your teammates say about working with you; for what reason would those team members chose someone else instead of you on their next project

Oct 15, 2010

what about your second round

Oct 15, 2010

bump.

Oct 15, 2010

..any more?

Oct 15, 2010

Just as with all interviews... it depends on the interviewer. Be prepared for anything.

Oct 15, 2010

Lol "looks for those super star students". Interview process is pretty much the same across all BBs for IBD buddy

Oct 15, 2010

Yeah, every bank interviews the same way. Every once and a while you will get an interview that is different in some way, but that is definitely not bank specific.

Oct 15, 2010

Very back office & administrative sounding role for a product development team. Is that the sort of role you are looking for?

Oct 15, 2010

Not really, still I believe is best to start somewhere and having GS be good on my resume.

Oct 15, 2010

i would assume its a simple depreciation question flowing through the 3 stmnts but the fact that they are now changing their depreciation period might could affect some of the PPE that has been previously depreciated and has a life of over 5 years, in hindsight.

i think i might know the correct way to answer this but i rather someone else that is more certain answer it with 100% certainty to give you a better answer. good question though nonetheless.

Oct 15, 2010

This might not have been the answer they were looking for, but the nominal amount of depreciation will remain the same. But because of time value of money, the real value of the depreciation tax shield should be less with a longer depreciation schedule. If you think of it as comparing two annuities, one as $8 (40% tax rate x annual depr) per year for 5 years or $4 per year for 10 years it becomes clear.

Oct 15, 2010

The increase in operating cash flow (decrease in depreciation expense) is offset by the decrease in investing cash flow (increase in PPE). So, no net change in cash flow. For the second part, I think the financing and investing sections of the cash flow statement will change, depending on the deal's financing structure. Don't think there would be a change in the income statement.

Oct 15, 2010

No values change in retrospect (AKA on the balance sheet).

Continue calculating the depreciation expense with the new useful life (which should be subtracted by how many years have been used up)

If we are comparing expenses with a 10 year life vs 5 years:
Cash Flow statement: no changes - remember, depreciation is not a NON-CASH.
Income statement: net income increases, from the decrease in depreciation expense (higher # years)
Balance Sheet: Net PPE depreciates less (increase from 5 year) and this higher Asset account is matched in Equity by Retaining Earnings account which is higher from the increase in Net Income

Oct 15, 2010
orangebull:

No values change in retrospect (AKA on the balance sheet).

Continue calculating the depreciation expense with the new useful life (which should be subtracted by how many years have been used up)

If we are comparing expenses with a 10 year life vs 5 years:
Cash Flow statement: no changes - remember, depreciation is not a NON-CASH.
Income statement: net income increases, from the decrease in depreciation expense (higher # years)
Balance Sheet: Net PPE depreciates less (increase from 5 year) and this higher Asset account is matched in Equity by Retaining Earnings account which is higher from the increase in Net Income

ummm. even though depreciation is a non-cash expense, doesn't it effect the cashflow statement because it's a pre-tax change?

so let's say the depreciation has now decreased by 10 dollars because the asset life has increased.

on the IS
1. pretax is up by 10
2. on an after tax basis, assuming 40% tax rate, up by 6 dollars.
on the CFS
1. start with NI(new): NI(old)+6
2. subtract 10 dollars because it's a non-cash gain.
3. NI (new)= NI (old) - 4
BS:
1. Cash is down by 4 dollars
2. PPE is now up by 10 dollars vs what it would have been if the old depreciation schedule was adhered to.
3. Assets = -6
4. On SE, NI (new)= NI (old) - 6
5. Two sides balance.

Iunno, am I missing something?

Oct 15, 2010

That's such a vague question " extend depreciation policy from 5 to 10 years". It may be just a standard "what happens when depreciation goes up/down by x amount..but with that the SCF does change (i.e. when depreciation goes down, we have negative cash flows because we are saving less on taxes...similarly, when depreciation goes up, cash flows go up because we have to reflect the fact that the company is saving money on taxes. something else must be changing on the SCF to produce no net change in cash according to the interviewer...I just don't know what.

With goodwill: goodwill is under operating income on the income statement, so when it increases, so does net income. Let's say good will increases by 10, so pre-tax net income will increase by 10, post-tax net income (assuming a 40% rate) will increase by 6. so we have +6 at top of SCF, but it's non-cash, so we subtract out 10 and have a net of (4) change in cash. On BS, assets are obviously down by 4 since cash is down by 4, but we also have +10 from Goodwill, so Assets are up by 6. on the other side, liabilities don't change but SE is up by 6 since retained earning are up by 6 since net income was up by 6. We are balanced.

Haters gonna hate

Oct 15, 2010

glad you had to label this GS as if every bank doesn't ask questions like this.

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.

Oct 15, 2010
Will Hunting:

glad you had to label this GS as if every bank doesn't ask questions like this.

Your thread was worthwhile, but now you're just being annoying.

Oct 15, 2010
Will Hunting:

glad you had to label this GS as if every bank doesn't ask questions like this.

Your thread was worthwhile, but now you're just being annoying.

Oct 15, 2010

what office?

Oct 15, 2010

New york

Oct 15, 2010

How many 9 inch dildos can you fit in a typical northface backpack?

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Oct 15, 2010

A long time ago I had a GS first round interview. The interview was much more general - not even position specific. I (and peers) interviewed with analysts from across the bank.

One question that tripped me up was something like "I see you've applied for IBD. What if we were to offer you a position in ____ (other department)?". I think it was a tough question b/c you can either fawn over GS "I'll work anywhere you let me!" or you reiterate your preference and why, but that's not the "team" answer.

Oct 15, 2010

Wow, I've never heard of a phone interview and an in person conducted at the same time...anyway from the people I know in compliance the questions will be mainly fit based questions and aimed at seeing how you think. I would expect the standard "walk me through your resume, why GS, why compliance, goals, strengths, weaknesses etc. But also questions directed at more specific scenarios- I would be shocked if they didn't ask a few questions on ethical dilemmas you've faced. Have no idea what to expect in terms of technicals but if you can really get a solid story down for why compliance and why you're a good fit, they will eat it up.

Oct 15, 2010
Philly'sFinest:

Wow, I've never heard of a phone interview and an in person conducted at the same time...anyway from the people I know in compliance the questions will be mainly fit based questions and aimed at seeing how you think. I would expect the standard "walk me through your resume, why GS, why compliance, goals, strengths, weaknesses etc. But also questions directed at more specific scenarios- I would be shocked if they didn't ask a few questions on ethical dilemmas you've faced. Have no idea what to expect in terms of technicals but if you can really get a solid story down for why compliance and why you're a good fit, they will eat it up.

Thanks! I thought it was a little strange as well and have never experienced anything like it. How would the 2 interviews be different?

Thanks for the general tips as well. Would you reckon the interviews would be split - first one; walk through your resume, fit, etc and the second being more specific in relation to examples of leadership etc?

Oct 15, 2010

Would love to hear thoughts of anyone else as well! Thanks!

Oct 15, 2010

I doubt it but who knows. These are all about who you get on the other side of the table/ phone. I would go in expecting to get some of the same questions in both. I'd bet on the breakdown being similar in both as well, though I still don't know about the phone business. Good luck man.

Oct 15, 2010

Thanks dude.

Oct 15, 2010

there are ways of conducting successful telephone interviews...i find that i approach it the same way, just because the person is not infornt of u doesnt mean you shouldnt give it 100%, treat it just as you treat a face-to-face interview....it is a real person on the other side and they tend to ask similar questions, if you smile they will sense it, if u are nervous they will sense it too....try to sound enthusastic and confident and u should be fine...i did proceed to the next stage following every telephone interview i did...i prepare for them just like i do with the real thing, prepare and be confident and smile, they will feel all your expressions.

Oct 15, 2010

Had it Monday. Went really well aside from one thing. I asked the VP if he had any doubts about my ability to do the job and he was a little taken aback by the question lol. He said not right now. Not sure what to make of that. I think he thought I was asking for immediate feedback when the question was more addressing any concerns. I sent thank you notes to everyone but havent heard anything yet.

They said multiple interviews but the team is small so I expect only one more.

Thank for everyones help.

Oct 15, 2010

why did you ask that?

Oct 15, 2010

I usually like to ask that too.

Either the interviewers love it or hate it. I usually get positive responses, but one time I asked and I got a snappy "Not that I'm going to tell you."

Oct 15, 2010

Well the wording for the question was quite poor. I ask this question in a much more eloquent fashion and it always is taken positive.

Do you have any concerns about my ability to excel in the role that I can clarify for you?

Oct 15, 2010
yeahright:

Well the wording for the question was quite poor. I ask this question in a much more eloquent fashion and it always is taken positive.

Do you have any concerns about my ability to excel in the role that I can clarify for you?

I didnt necessarily phrase it like that. I said it more of a fashion that it will actually help with their decision to clarify any issues. Although, perhaps I'll try your phrasing next time.

Oct 15, 2010

i mean the whole interview is your chance to show that you can do the job/excel in that role. it's basically the equivalent of asking "did I do okay during this interview???"

Oct 15, 2010
mr.b:

i mean the whole interview is your chance to show that you can do the job/excel in that role. it's basically the equivalent of asking "did I do okay during this interview???"

I dont think so. I see it as like closing the interview. When an interview is going well, you know it. So its not an immediate feedback question but a question to show my desire for the job.

Oct 15, 2010

yeah right is correct. It's a great question to ask because it allows you to directly address any concerns they have about you.

Oct 15, 2010

I ask the question everytime too. Never had a bad response yet but agree it needs to be worded carefully but its definitely a question to ask.

Oct 15, 2010

Thanks for the feedback everyone.

Oct 15, 2010

Thanks for the feedback everyone. I have a second round next week. Most of the first involved fit, compliance scenarios and why GS, etc.

I was wondering whether anyone else had any insight into what to expect in a second round interview. Will this involve mainly meeting the team, etc or more fit questions?

Oct 15, 2010

BUMP! Can anyone help?

Oct 15, 2010

"Holla back, office?"

I would imagine this would be fit/behavorial with some ethical situations throw in, can't say for sure since I've never interviewed for compliance. I'd take a janitorial position at GS or BS over any FO position just for the prestige factor.

    • 2
Oct 15, 2010
DaisukiDaYo:

"Holla back, office?"

I would imagine this would be fit/behavorial with some ethical situations throw in, can't say for sure since I've never interviewed for compliance. I'd take a janitorial position at GS or BS over any FO position just for the prestige factor.

Sorry to break the news...Bear Stearns no longer exists

Oct 15, 2010
DaisukiDaYo:

I'd take a janitorial position at GS or BS over any FO position just for the prestige factor.

Wow, i just read this bit haha

Oct 15, 2010

Thanks! Anyone ever dealt with two interviews in one day, one face-to-face and the other over the phone? Just seems strange to me!

Oct 15, 2010
WhiteMamba:

Thanks! Anyone ever dealt with two interviews in one day, one face-to-face and the other over the phone? Just seems strange to me!

Not at all uncommon. Second round interviews almost always involve multiple interviews, and if people are off-site, an interview via phone is typical.

Oct 15, 2010

Would it be cool to ask the recruiter what the interview may involve because its so irregular?

Oct 15, 2010
WhiteMamba:

Would it be cool to ask the recruiter what the interview may involve because its so irregular?

I would only really ask this question if you're expecting technical questions during the interview. Otherwise, you should just prepare for a standard interview.

Oct 15, 2010

Compliance will be straight fit based and walk me through your resume. The only questions they may ask are why financial services and why compliance. Be prepared to answer these. Over the phone is definitely due to a team member elsewhere, not that weird. It'll be basic, just look confident and be able to explain your experience while being personable.

Also, yes you can ask the recruiter almost anything as they want you to get the job so they can make some friggin money!

Oct 15, 2010
yeahright:

Compliance will be straight fit based and walk me through your resume. The only questions they may ask are why financial services and why compliance. Be prepared to answer these. Over the phone is definitely due to a team member elsewhere, not that weird. It'll be basic, just look confident and be able to explain your experience while being personable.

Also, yes you can ask the recruiter almost anything as they want you to get the job so they can make some friggin money!

haha, thanks! Recruiter is an internal one so not sure how that works.

So a simple run thru resume and fit interview. Thanks. Why compliance may be a difficult question as my background is of a paralegal so compliance work differs a little.

Oct 15, 2010

Just got off the phone with the recruiter. Definitely fit based and why GS and why compliance so thanks all for your help.

Still have several stages after this one, which I think is a little extreme! Apparently, GS like you meeting upto 4 to 5 people so hopefully all that comes quickly.

I'd appreciate any last minute tips.

Oct 15, 2010
WhiteMamba:

Still have several stages after this one, which I think is a little extreme! Apparently, GS like you meeting upto 4 to 5 people so hopefully all that comes quickly.

I'd appreciate any last minute tips.

Second rounds are standard practice and very valuable to both parties. You don't want to join a group when you have only met 1 or 2 people you'd be working with. I think you'll find that the second round will be very much a two-way interview.

Oct 15, 2010

I'm largely concentrating on why GS, why compliance, my experience and motivations etc

Anyone know how exhaustive a background check is? I'm not sure if a former job could vouch for me anymore due to personnel turnover.

Oct 15, 2010

Yeah.

Had it Monday. Went really well aside from one thing. I asked the VP if he had any doubts about my ability to do the job and he was a little taken aback by the question lol. He said not right now. Not sure what to make of that. I think he thought I was asking for immediate feedback when the question was more addressing any concerns. I sent thank you notes to everyone but havent heard anything yet.

They said multiple interviews but the team is small so I expect only one more.

Thank for everyones help.

Oct 15, 2010

it's green

Oct 15, 2010

I always saw GS as more of a sky blue...

Depending on what role (analyst, intern, whatever), you'll interview for a couple hours and if they like you they'll call you back for more interviews (during the same day).

Oct 15, 2010
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