Goldman Sachs SA Accelerated

did anyone get any info on the accelerated interview process this year? last year the first round was due in october, and I haven't heard anything yet

also what type of applicants typically go for accelerated?

mod note (andy): this thread is originally from 9/17/12, but see recent updates regarding offers on the last page of this thread

 

I did accelerated last year but I think it was in late November. I only applied accelerated because at the info session they told us it allows you to be considered twice. But the info session was the first week of November for my school, so the application process started after that. Just wait until they come to your school and then apply.

 
moneymogul:
It's really competitive. I did it last year as well as a soph. Small groups in final round. Everyone's pretty well qualified. My memory might be a little hazy but I remember it being pretty clear that if you were dinged in the accelerated round then you weren't allowed to reapply in regular rounds?

Yes this is true. I got to the round where there were 3 sophomores left and one 1 got the offer. She was a crazy quant type. I think you have a better chance accelerated than regular though still.

 
Best Response

Did this a few years back. Typically there are three rounds of interviews: October, November, and December. Usually the way it works is you apply the month before and interviews are in the second or third week in the months above. The accelerated program started for candidates who were going to be abroad during normal recruiting in the spring but has grown to include people who have exploding offers (typically from their previous SA stint) and people who just want to get the process over with early. When I did it, you needed to get a link and password from your schools recruiter to apply but now I think they list them right on OCR.

The above is correct in that you're considered twice but that's under the assumption that they don't reject you. Typically if they don't really like you they'll put you on hold, see what the rest of applicants look like once regular recruiting kicks off and decide what to do with you. Also, as you can imagine because they haven't seen all of the applicant yet you needed to be on your game. There's obviously less spots and if they have any reservations, your more than likely gone to be out on hold.

 

There are still 3 rounds this year (technically), although Accelerated Round 2 and Study Abroad Accelerated have the same deadline. Deadline for round 1 already passed (10/28). Source: I go to a target, got the info sheet.

 

Does anyone know what kinds of candidates are usually selected? or how big the superday is?

My guess is that its all people with BB sophomore internships, so I doubt it will be any easier than regular recruiting.

 
Aphamos:
Does anyone know what kinds of candidates are usually selected? or how big the superday is?

My guess is that its all people with BB sophomore internships, so I doubt it will be any easier than regular recruiting.

It's about 30 people I think. And then half of them get cut after 1 interview. I'm assuming a lot less people apply to this since it's not really advertised unless you know someone who knows someone or whatever, but I think the rigor of the candidates is probably more impressive.

 
arguewithatree:
Aphamos:
Does anyone know what kinds of candidates are usually selected? or how big the superday is?

My guess is that its all people with BB sophomore internships, so I doubt it will be any easier than regular recruiting.

It's about 30 people I think. And then half of them get cut after 1 interview. I'm assuming a lot less people apply to this since it's not really advertised unless you know someone who knows someone or whatever, but I think the rigor of the candidates is probably more impressive.

30 is decent i guess. Do you know how many usually get offers? And how many are put on hold until they see more?

 

To follow up on previous posts, so do the candidates go through 1 interview, then wait in the lobby for the immediate decision of who advances and who is instantly rejected? How many interviews are there?

It seems that there is no OCR for the accelerated process. Everything is thru gs website. When are interview invitations extended?

 

Thank you for your interest in the Goldman Sachs Accelerated Process. Your application has been successfully received by the October 28th early application deadline. To the extent that there is interest in your resume, you will be contacted by a member of our recruiting team about next steps. If you are not contacted for an early interview, your application will still be considered at your school’s standard on-campus application deadline.

 
whartonbetch:
GeneralThade:
Just to clarify for the rest of the forum, what whartonbetch posted is the email GS sent this evening to everyone who applied
lol why did that need clarification? pretty self explanatory
When in doubt, a citation never hurts
 

Just sent the app in for the second process. Does anyone know how many get offers out of the 30 taken up? and whartonbetch, did you intern at a BB sophomore program?

 

Betch I haven't heard anything either yet, hopefully things will be squared away by Friday. I would be surprised if they gave less than one week notice, incidentally remember the process is supposed to begin in "early nov." It's not unreasonable to assume that there's a back-log because of the hurricane.

 
ChrisHansen:
wait am I hearing this right? there are only 30 spots company-wide for GS accelerated interviews? and far less than that actually get accelerated offers?

why do i even try

can someone answer this?

 

Yeah it was a really stressful experience. They gave us some crazy range like "from noon until 3" to hear back for the second half. I got lucky because I heard back right at noon but I remember some kids sitting around until 3 just to get rejected.

 
arguewithatree:
Yeah it was a really stressful experience. They gave us some crazy range like "from noon until 3" to hear back for the second half. I got lucky because I heard back right at noon but I remember some kids sitting around until 3 just to get rejected.
omg you did this last year too? how many applicants in the first round and final round/how many got offers? also how many interviews were in the final round?
 
whartonbetch:
arguewithatree:
Yeah it was a really stressful experience. They gave us some crazy range like "from noon until 3" to hear back for the second half. I got lucky because I heard back right at noon but I remember some kids sitting around until 3 just to get rejected.
omg you did this last year too? how many applicants in the first round and final round/how many got offers? also how many interviews were in the final round?

Yeah I did this last year but I was a sophomore at the time so it was a little different. I also did the second accelerated and not the first. I would say there were about 25-30 people there for IBD, that might be highballing it. They split us up into sophomores and juniors. There were 6 sophomores and maybe 20 juniors. Everyone got a first round interview, which was 2-1. Then everyone got a 3 hour break where half the people were called to go home. At this point there were 3 sophomores left. We got 3 back to back 1-1 interviews. Juniors I want to say got 5 but I'm not positive.

 

Well damn, congrats everyone. Looks like everyone on the board has had good luck...fingers crossed for the second process.

And the behavioral focus is surprising...I figured they'd nail you with technicals since they expect everyone to know their stuff given top internships the previous summer.

 

A friend who landed it just mentioned the same thing.

And for anyone who is wondering, he just got off of the phone with one of the VP's who'll be interviewing. Sounds like they're really trying to focus on finding the best fit, as everyone is qualified.

 

Accelerated Process 2 deadline is Sunday Nov. 25, application code 2013SAP2. Interview notification will be early December and interview dates mid-December.

There isn't a third accelerated process per se, but a process designed for students studying abroad. That process has the same dates as #2, but its code is ABROAD13.

 

say hypothetically, a friend of mine had already applied to 2013 IBD full time as well as an off-cycle winter Investment Mgmt internship. The system won't allow me..i mean my friend...to apply to Full Time and Summer Internships at the same time...what should I tell my friend to do?

since IBD recruiting is over, should i just withdraw that application and try going for this?

Thanks

 

I heard yesterday, The ones who havent received anything is because you might be on hold. at least the email I received said that I should let them know if i cannot attend because the waiting list is pretty big. Hope this helps

 

In 2010, there were 3 rounds in the accelerated process. Each round was something like 25-40 people for IBD, sophomores and juniors.

In 2011, there were 2 rounds. Each round was 25 people.

They bring everyone in for a 30-minute first round interview sometime between 9-11:30am. You get thrown in a waiting pen with all the other applicants and it's as awkward as you can imagine. A few people know each other from other interviews, from prep school, from playing each other in squash/crew/lacrosse/insert-WASPY-sport-here, or from the same study-abroad program. Other than those people having a quiet conversation plus the one obnoxiously ecstatic, bubbly girl who won't shut up, no one is talking and everyone eyes the competition in the room. You get brought out one by one and walked down a hall where you see a series of offices turned into interview rooms, then HR places one of you in front of each door. As the previous victim slithers out, you take their spot in the chamber for a 30-minute bout.

Following that, they tell you you're free until 2pm but to stay by your phone. New York locals disappear to their apartment or dorm room. Those who traveled in hit up the hotel lounge or Starbucks. If they want you to come back for the latter portion of the day, you'll get a call before 2pm. If not, you'll get a call around 3 saying 'thanks for your time, sorry champ.' If you return, you're subject to anywhere from 3-x more 30-minute interviews. In 2010, I knew some kids who had only 3 more interviews before receiving offers, someone who had 5 and got rejected, and I went through 9. Declined for another bank that summer, did the same whole deal in 2011.

Emails already went out extending interviews for AP1 this year.

 

If I applied for IMD, should I have heard back already? My status still says "current status is application received" and I applied Accelerated Process 1.... I received the email about a week ago saying my app was received in time for the Oct 28th deadline. Does this mean I didn't get an interview?

 
michael2137:
To all of you guys applying for this program, what class standing are you guys? Are you guys sophomores or juniors? And what prompted you guys to apply for the accelerated program? Is it so that you have more chances?

I'm applying this year as a Junior, and just trying to get interview over with early. I don't think it really necessarily invites a higher chance of getting an offer.

And IMD is still giving out interviews.

 

If the second accelerated round is due on November 25th, wouldnt that put the interviews right in the thick of finals period? What if you get invited to interview but have multiple finals right in and around then?

 

Anyone know when the first-round interviews or superdays for the second accelerated round usually are? I'm wondering if they would conflict with finals, since most of my exams are the week of the 11th. Is that something that they would be flexible about scheduling around?

 

Has anyone heard back for any division for their London office? I swear to God, GS are the slowest f***ers in the entire industry.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
colajo01:
interested in results as well. also can anyone shed light on how interviews were, specifically for IMD- asset management?

it depends on the group. IMD has a lot of different groups, just know your basics, why goldman, what can you bring to the table, and of courseeee what is hapening in the world, have your macro views ready, but dont only say fiscal cliff is bad, explain why and how it can affect the markets (fixed income, equity market etc...)

i am going through the regular application timeline

 

I spoke with a recruiter last week and she said interviews for the second-wave of accelerated applications will be on December 13th - right in the middle of finals week. I don't understand why they would do that.

"My dear, descended from the apes! Let us hope it is not true, but if it is, let us pray that it will not become generally known."
 
Illuminate:
I spoke with a recruiter last week and she said interviews for the second-wave of accelerated applications will be on December 13th - right in the middle of finals week. I don't understand why they would do that.

I have two finals that day. so glad i didnt do acc 2

 
Illuminate:
I spoke with a recruiter last week and she said interviews for the second-wave of accelerated applications will be on December 13th - right in the middle of finals week. I don't understand why they would do that.

Because they know that everyone who's invited will do whatever they ask, they are GS in the end ;)

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
Illuminate:
I spoke with a recruiter last week and she said interviews for the second-wave of accelerated applications will be on December 13th - right in the middle of finals week. I don't understand why they would do that.

thats why there accelerated process 1!!! which was in November hahah good luck.

 

Was accepted to IBD, got a call Tuesday morning.

cogitoergognome:
Anyone know when the first-round interviews or superdays for the second accelerated round usually are? I'm wondering if they would conflict with finals, since most of my exams are the week of the 11th. Is that something that they would be flexible about scheduling around?
Unfortunately, there's no flexibility. You attend the superday or skip it, they don't offer alternative scheduling. Students from schools (like mine) with finals later in December are often the AP2 applicants.
 

I also applied early as a sophomore to AP2. [Target, no response yet.]

To those who applied for AP2, what's your application status on the GS site? Mine still reads "Application Received" for IBD in NYC/HK; the only one that's changed is London IBD -- that one switched to "Application Under Review" about a week ago.

 

I would assume it means they downloaded your resume and dumped the stack on some analysts' desks. They groaned and spent about 2 mins on it before getting back to real work and putting them in "that pile" on their desk till someone asks about it again.

"Do not go gentle into that good night"
 
orange270:
There's a code, SAP1 and SAP2, to indicate the process.

Where?

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 

Just got this email:

Hello,

Thank you for your interest in the Goldman Sachs Accelerated Process. Your application has been successfully received by the November 25th early application deadline. To the extent that there is interest in your resume, you will be contacted by a member of our recruiting team about next steps. If you are not contacted for an early interview, your application will still be considered at your school’s standard on-campus application deadline.

Kind Regards, Goldman Sachs Campus Recruiting

So no real news yet.

 

Doesn't GS do only one round of interviews (morning, callbacks, afternoon, decision). So it would make sense if the superday is next week- I would bet they will notify you by the end of this week. I would also bet it is next Friday- complete guess, but they usually try to place these things at the end of the week and not drop them in the middle.

 
Black Jack:
Doesn't GS do only one round of interviews (morning, callbacks, afternoon, decision). So it would make sense if the superday is next week- I would bet they will notify you by the end of this week. I would also bet it is next Friday- complete guess, but they usually try to place these things at the end of the week and not drop them in the middle.

Someone posted in this thread earlier that they heard superday would be on the 13th. Not sure how credible that information is though.

 

Any London bros?

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 

I just got a phone call from an MD in TMT. They decided to skip the SA interview process and go ahead and give me a FT offer.

Disclaimer for the Kids: Any forward-looking statements are solely for informational purposes and cannot be taken as investment advice. Consult your moms before deciding where to invest.
 
whartonbetch:
orange270:
What did you need to prepare for? I thought it would mostly be fit and market knowledge...
lol 50-75% of my interviews were technical

What kind of technicals did they ask you?

 
intl-student-93:
TH101, did GS directly tell you you didn't get IBD, or did they only give you an interview for IMD from which you inferred you didn't get IBD? I haven't heard back for IBD yet, was wondering if GS ever sends rejection letters, or just lets you wait till you realize it yourself as everyone's interview offers come in :S
I applied thru sch OCR, but also had to fill out online app as requested. My IBD status says "not invited for interview" on my sch's career website, but was invited to sign up for IMD interview on campus through an email sent out by sch on behalf of GS... was actually really surprised that i got it since Im only a sophmore
T101
 

Commodi praesentium sit libero eos a. Molestiae qui qui officiis occaecati. Earum quia aut repellendus. Nam autem qui vero doloremque.

Enim reiciendis necessitatibus eos pariatur aut sint. Illo dignissimos reprehenderit ipsam et voluptatem.

Ut officia aliquid provident quasi. Aliquid voluptatem labore qui ducimus velit aut. Et dolore ipsa cupiditate numquam libero voluptates. Corrupti ipsum ab quibusdam quo quisquam velit.

Sed rerum necessitatibus assumenda omnis tempora. Reprehenderit eveniet ullam quo necessitatibus cum natus odio voluptate. Provident blanditiis dolorem sint molestias eaque.

 

Dignissimos odit enim repellendus totam reprehenderit qui tempora. Quisquam ut ut rerum nostrum quia dicta. Ducimus natus et eaque rerum voluptatem nihil ea. Quia quidem deleniti sit quia fugit et.

Esse quaerat iste numquam odio amet sit. Quam laudantium voluptatem reprehenderit ullam velit enim voluptas. Veritatis doloremque deserunt ipsum autem rem. Et optio inventore adipisci voluptatum illum magni odio.

Explicabo molestiae ut molestiae. Facere enim quo eum ea quam cum odit. Laborum labore velit ut veniam voluptas neque recusandae.

Velit aut rerum velit est. Et cum ipsum incidunt qui. Doloremque voluptatem voluptatum cupiditate perferendis nihil.

 

Labore qui sint voluptate sint facilis. Eos incidunt maxime autem quod. Amet est ut facilis. Et pariatur ut perferendis ut tenetur. In ab ipsam corporis nam eos ea voluptates. Totam quod natus quia voluptate beatae recusandae odio.

Harum ex rerum omnis saepe id quae nihil. Quae aut quia molestiae sit provident quasi.

Voluptatem enim possimus eveniet. Consectetur neque laborum rerum sunt rerum mollitia dolor. Dolorum voluptatibus aut quis sint consequatur adipisci.

 

Aut optio dolor sequi ut impedit molestiae. Reiciendis labore ipsa tempora odit et velit nobis. Et iste officia nisi quos ex. Molestias quia reiciendis harum quibusdam perspiciatis mollitia.

Totam nihil labore repellat adipisci voluptas repellat. Consequuntur illo voluptatum doloremque alias. Itaque voluptatem numquam dolor nobis cum necessitatibus voluptate veniam. Eos accusamus quo distinctio minus incidunt. Voluptatem esse et dolor.

Similique saepe commodi et autem aut quidem ut. Sed harum dolores modi ut laboriosam nobis ducimus. Animi modi fugiat autem ut ut quasi.

 

Dicta assumenda eaque reprehenderit necessitatibus. Est ut impedit sint voluptas nemo. Odit culpa sint harum atque. Odit quod rerum aliquam. Accusantium et fugit eaque consequatur accusamus ipsa expedita eaque.

Non magni amet voluptas aut dolores voluptate. Labore qui ad officia dolor aliquid. Ipsum voluptatum vero aliquam sit error eum. Est voluptates animi a magni tempore. Animi ipsam architecto nihil vero alias error repudiandae.

Cumque repudiandae non numquam fuga. Architecto accusantium atque tenetur quibusdam. Adipisci ipsam architecto culpa et ut.

 

Soluta aut labore ad ea deleniti nihil dolor eum. Esse ut qui ullam impedit ipsa voluptatibus. Quasi ipsum eius blanditiis deserunt quia molestiae earum praesentium. Quia quia optio esse sint.

Quis aperiam tempora maiores. Consectetur quia quo qui rerum voluptatem quam deserunt. Totam illum eum a eveniet ab. Dolorem et dolor debitis autem. Nihil quia culpa eligendi dolor autem. Aut fuga voluptas qui quo porro aut cumque.

Earum corrupti sed omnis asperiores. Ut nesciunt aut ex distinctio aut commodi est molestiae. Repellendus quo tenetur et itaque.

Eligendi id non impedit qui rerum voluptatem ipsum rem. Vero dolorum molestiae et. Aut occaecati in non et ullam ipsa incidunt.

 

Ad quidem atque ea iste aut molestiae ea. Voluptatem nemo rerum non repudiandae fugiat culpa.

Modi aut modi qui est. Itaque et qui odit sit eius consectetur molestiae. Nihil beatae eligendi sint alias id dicta. Aut vel eos pariatur neque ab ea. Pariatur aliquid quia praesentium molestiae non totam.

Quam et iste ullam quibusdam. Aperiam amet in veniam et quis est. Soluta eaque odio optio iusto expedita vel placeat. Et doloribus error ipsa autem labore fugiat sint. Vero non distinctio dolor quod voluptatem aspernatur cum impedit. Repellendus occaecati facilis sed voluptas rerum dolor.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 

Eligendi animi est inventore quibusdam sunt incidunt omnis officia. Libero enim sed vero est voluptas nihil alias. Voluptates eius harum aut et et.

Facilis non nisi natus inventore ipsa ea. Temporibus eos animi eum est quia culpa et. Et nesciunt sint debitis incidunt quia accusantium ut. Suscipit nobis exercitationem odio modi enim labore facilis.

Ut est consequuntur omnis similique consectetur voluptates et. Aut harum inventore totam quod ut dolor. Laboriosam voluptas quia eaque. Asperiores in consequatur et doloremque. Voluptatem corrupti sapiente voluptas laborum velit. Qui esse impedit dolor ducimus a.

Fuga numquam ipsam vel temporibus. Aut quidem iste aspernatur quia. Earum ipsa quae sint qui voluptatem.

 

Reprehenderit aperiam quod distinctio eos porro. Ratione quod et qui qui incidunt laborum. Magnam fuga et commodi sunt ullam id. Corrupti molestiae aut voluptas aperiam accusantium. Autem quia cumque sit porro explicabo.

Delectus enim corporis ea ut qui repellat. Eius reprehenderit ea quia natus aliquid. Eius odit ut nulla nam quis explicabo vel.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”