GS IBD ATP Salt Lake City

ad97563k's picture
Rank: Chimp | 11

Hey, got an offer to be one of 37 new analysts in the Analyst Training Program in Salt Lake City. Over the phone they told me that around 50% are able to become permanent IBD analysts in NYC, Houston or SF-- just wanted to hear your thoughts on this program and whether it's an FO role, or a realistic path to a FO role.

Job description:
The Investment Banking Division (IBD) provides broad-based, global service with expertise in mergers and acquisitions, privatizations, and equity, debt and high-yield financings. The firm's team-driven approach to client service enables bankers to play an important role in building relationships and executing transactions. Analysts aligned to industry groups will have a wide range of responsibilities, including financial analysis and modeling, preparation of presentation materials and company and industry research in support of live transactions and client relationships.
The Analyst Training Program (ATP or Program) provides an opportunity for individuals with diverse backgrounds and experiences to become analysts in the Investment Banking Division. The Program is located in Salt Lake City where ATP analysts support deal teams based in New York and San Francisco. The ATP is structured as a two year program after which high performers may be offered positions as permanent IBD Analysts in one of Goldman Sachs' hub offices globally.
The new analyst position is a rewarding experience - one that provides an excellent foundation for individuals interested in finance and business. Our analysts play an important role in developing and strengthening our client relationships, participating on our advisory teams and in structuring and executing a full range of financial transactions. In this capacity, they work closely with managing directors, vice presidents, associates and other analysts in the firm. Analysts work with other bankers to help guide clients in their financial decisions. An emphasis on learning on the job is complemented by an extensive training program.
The analysts at Goldman Sachs gain exposure to the firm's businesses and expanded knowledge of the investment banking industry, as they develop key analytical, communications, marketing and sales skills. Analysts create and analyze financial models; performing scenario analyses and tests to examine the effects of client alternatives. In addition, analysts organize and prepare presentations, which explain industry trends, discuss client options, and recommend strategies to meet client goals. Analysts may also participate in and conduct due diligence sessions, a necessary component of financial transactions. From maintaining client communication to helping Goldman Sachs structure client transactions, our analysts are a vital part of Goldman Sachs' banking teams. Goldman Sachs seeks highly motivated, successful candidates for new analyst positions in Salt Lake City.
Requirements
* A keen, long-term interest in investment banking
* Drive, enthusiasm, creativity and excellent interpersonal skills, particularly in dealing with teams in different offices
* Strong quantitative and technical abilities
* An outstanding academic record. While not required, completion of course work in finance, economics and accounting can provide a valuable foundation for the new analyst position
* Personal integrity, initiative and leadership qualities
* Strong verbal and written communications skills
* Ability to work as part of a team in an environment that demands excellence, time and energy
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

Edit: Seemed to have confirmed that this is indeed an FO role, but I am still curious about what the working environment is like, plus opportunities for advancement/lateral movement, compared to GS IBD NY.

Comments (29)

Oct 4, 2016

37 analysts? damn

Jun 21, 2017

.

Oct 4, 2016

Pretty much a support group. Still a good place to start, but obviously not as ideal as starting on one of the deal teams in NYC/SF/Houston

Oct 4, 2016

Friend in SLC IBD at Goldman. You basically format PowerPoints for the NY Goldman team

Oct 5, 2016

so no modelling?

    • 1
Oct 20, 2016

Are they in the Data Resources Group, or in IBD Classic?

Array
Oct 27, 2016

In IBD classic

Oct 20, 2016

I have a bunch of friends in this office as I went to their largest feeder school. You still do the same analysts activities (including running models) although it's all done remotely as none of the senior ppl sit in SLC.

Oct 22, 2016

I have a close friend in the group and I agree with what Redacted said.

It isn't quite as good as starting directly in NY given the remote aspect, but definitely is a front office role. I think right now they have almost all industry groups and most product groups.

From what I know, most people there have had a broad analyst experience (PPT work, modeling, etc.). Also think you spend a lot of time traveling to NY.

Oct 26, 2016

Have a question - after you finish the 2 yr program and assume you are a top performer, say you are assigned to ny if you are lucky, then you start as a 3rd yr analyst or what?

Oct 27, 2016

No clue but I think you're still an analyst. I'd do it to lateral to a BB IBD asap because the pay is so damn low in SLC from what is reported here. 48k base for IBD.....................................................

    • 1
Nov 2, 2016

Also think there is something to be said for the GS name as well. On your resume, it will be no different than a NY analyst-- same title, same accomplishments, etc. Though it's in SLC, the trainings are with all the NY/SF/Houston new analysts and your manager and team will all be based in those offices.

Array
Oct 26, 2016

Probably could use this experience to lateral to a permanent position elsewhere.

Oct 26, 2016

Say if you want to lateral back to nyc IB, what type/tier of firms are we talking about here?

Also, if they move you back to nyc IBD, you start as a 1st yr analyst or 3 rd?

Nov 2, 2016

You'd start as a 3rd nd year analyst after moving to NY

Array
Oct 26, 2016

Has the FT Analyst recruiting for GS Salt Lake City already over? Since the number 37 is very specific here

Nov 2, 2016

I believe so, at least for IBD. Not 100% sure though.

Array
Oct 27, 2016

What type of interview questions did you receive? How many interviews did you do before receiving the offer? Thanks for those who have provided their input so far.

Oct 31, 2016

interested in that as well. If they already hired 37 for 2017, why are they still giving out interview invitations at this point??

Nov 2, 2016

There were 2 interview rounds: one was a video interview, and the second was a superday in NY, in which there were 3 half-hour long interviews. The questions were a mixture of fit and technical.

Array
Dec 5, 2016

Does anyone know how long Goldman Sachs takes to get back to you. I already had my super day and I spoke to the head of banking about a week ago but haven't heard anything
Yet

Dec 5, 2016

I received my offer the following week after my superday.

Dec 8, 2016
Comment
Dec 14, 2016