Goldman Sachs Real Estate explanation

A good friend of mine works in the London office so I can provide some insight:

• MBD is the PE arm of GS (comprises Corporate PE / REPE / Credit) and it has traditionally invested its own BS, but now as GS transitions to a less risky model, they are going to focus more on 3rd party capital. 
• MBD or AMD? What has been traditionally known as MBD, now is integrated into the AM division, and it's called AMD Private (as opposed to AMD Public which is what was previously known as GSAM)
• Strategies: they do thematic opportunistic investments, with lots of development.
• Comp: Comp is very good. Base is the same as IB ($110k / £70k for first years and so on). Bonus is in line with IB at the analyst level, but after that, it is higher in MBD than in IB. The more senior you get, the bigger the difference.
• Hours: Average hours are around 70, but it can vary depending on the deal flow. Most people don´t care about facetime, as long as you deliver it is ok. Mostly no weekend work, and usually no very late nights.
• Culture: It is really good, they take pride in their partnership culture and try to cultivate it. People care about development, and seniors are approachable.  

I hope it helps.