Goldman to notify Summer Analysts in NOVEMBER for certain divisions

Goldman's CFO sounded like he'd rather fuck a goat than merge with a commercial bank

Brilliant.

Time to accept my offers from other banks. Oh wait, there are none left. Fuck.

Straight from Goldman recruiter's mouth...

Apparently they had made offer decisions, then were told to "reevaluate" those decisions, then were told AGAIN to "reevaluate" the decisions. Didn't talk of any timeline, though.

David Viniar will soon see the end of an independent Goldman Sachs.

IBD, S&T, GSAM?

Deustche already notified, the joys of already having a strong commercial arm.

deutsche notified a long time ago. 26th august to be precise.

Deutsche notified this past Friday, at least for their interns from my school.

for IBD, DB notified on sept 12th.

S&T, much earlier.

November?

Why the hell would they do that? What is going on over there?

in case you guys haven't noticed, the markets pretty messed up right now..

it is probably a better decision for both Goldman and its Summer analysts to wait until November to "reevaluate" business needs/headcount for the next summer year. this should result on them not having to rescind any offers if things don't work out

as you saw with LEH, A LOT can change in just a few weeks (and even more can change between November & july 2009) so waiting longer should give a more accurate of next years needs.

I don't buy November. They just came to my campus today to recruit for FT. So would they choose FT employees from other banks before they choose FT employees from their intern class?

well maybe they just won't tell ft interviews until november as well

JPM has delayed offers for some as well

What divisions of JPM have had offers delayed? It was my understanding that all offers were made to the SA's at the conclusion of their internship (Aug 8th).

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GS offers came out today

JP Morgan gave their summers a Sept. 15th deadline to accept offers.

Is it typical for offers to be extended mid-Aug and expire mid-Sept?

Unless the bank has a contract with your school, typical deadline is 4 weeks.

Definitly no help from my school in that regard. Thanks.

I know that my offer expired in 4 weeks, but over at Harvard any people that interview on campus have to wait until at least December before forcing students to commit, lucky bastards.

did you get your GS offer from ibd? what are the terms and such?

"I have heard directly from a professor at my school who knows students that interned at Goldman over the summer and they said they will not hear until NOVEMBER."

Sounds like a pretty definitive statement!

You guys still have not heard anything?

At least ER has heard, IBD and S&T are another couple of weeks.

i spoke with my friend, at goldman SA in S&T, today and was told that no offers or rejections have been handed out----absolutely no word at all, in fact

S&T offers at GS haven't been made yet, neither acceptances nor rejections....will take "several more weeks".

3 categories: Getting an offer to a specific group Rejected "Still under consideration"

Can anyone confirm if IBD came out today?

How were they? high conversion?

People are being notified at different times--yesterday was the first day. Offer rate depends on group and the office (I have heard pretty low numbers so far, but not 100% sure).

FT offers starting now for IBD then trading. Underclassmen offers come out mid october.

Maybe Buffet invested 7.5billion usd just so SA's would find out about their offers.

I'm still waiting to hear back from them since the phone call from HR. Can someone confirm offers are going out?

Having spoken to my friends, who were GS SAs, some offers have gone out and some people have been put on hold.

I've heard similar responses... SAs have either received offers or they've been put on a waiting list. Seems like GS is pitting their SAs against the current pool of applicants.

What is the offer rate looking like? I have been hearing sub 30% but that is off very few observations.

see the first hand knowledge below

All GS Securities heard last Thursday or Friday. Offer rates were definitely below 50%. Those who had the thumbs up from the group got a specific offer, whereas those who were in the running got rejected. Several kids I know who had the thumbs up were put on hold- guess their groups had a hiring freeze. At my target ivy in the high single digit sample size, 2 out of 8...

IBD kids started hearing back last Friday, though I believe different groups are letting kids know at different times.

oh ya, and this is first hand knowledge.

I actually know for a fact that ihavenomoneynow 's claim is not entirely true. For one, underclassmen in securities do not find out until mid october. Additionally, I was informed that there was a preliminary wave of offers (and rejections) that went out last thursday and friday. Early this week I had talked to others in my class who had not gotten an official call yet.

and I was a securities SA, so this is also first hand

and I was a securities SA, so this is also first hand

and I was a securities SA, so this is also first hand

and I was a securities SA, so this is also first hand

and I was a securities SA, so this is also first hand

Sophomore IMD was told back in the summer they wouldn't hear back until mid-October. (HR wanted to take care of the junior interns first)

Sophomore IMD was told back in the summer they wouldn't hear back until mid-October. (HR wanted to take care of the junior interns first)

Can confirm from friends in S&T that offers were given out last week. 1 yes, 1 no, 1 hold.

I heard offer rate is around 25-30%..

An SA I know at GS also said offer rate was about 1/3.

www.sharpeinvesting.com

what timeline did they give when they reached out on sept 12?

not 30%

not 30%

these offer rates can't be right? ~30% sounds absurd, at least for IBD.