GS IBD Salt Lake City Exit Opportunities

mindlessmoney's picture
Rank: Monkey | 37

All - I'm brand new to WSO (1st discussion post) so don't rip me to shreds... I'm wondering if anyone knows of anyone who participated in the Goldman 2-year IBD Salt Lake City (SLC) Training Program that was able to lateral into PE/VC/Growth after 2-3 years. I've noticed that the GS SLC office gets ripped to shreds on here and am fully aware that the nature of the roles within SLC are more BO than FO; however, currently trying to figure out if it's worth it. I think it's inarguable that entry into IBD in SLC is easier than NY/SF, but how much does this easier entry diminish the exit opportunities. Any insights are appreciated.

Region: 
United States - West
United States - Northeast

Comments (7)

Apr 5, 2017

Look up the people in this group on linkedin. It isn't a traditional IBD group that people go to PE from. Usually they go to SF or NY after and THEN go to PE, business school, etc.

Apr 7, 2017

Thanks for the reply - But trust me that was the first thing that I tried.. I don't know if this is the answer to my question but I can seem to find ANYONE who started in SLC that ended up landing anything on the buy-side. I don't know if that's simply because once they make it to the SF/NY offices they remove SLC from their resumes or that they aren't landing PE gigs after the GS IBD SLC training program.. Thanks for the input.

Apr 7, 2017

It's extremely new. Like from 2015 or 2014. Time will tell but it's not a bad job by any means. I'd take it.

Apr 25, 2017

Take my thoughts with a grain of salt..

I have spoken to someone in the SLC office, and an associate working in NYC who has a SLC support person on his team. I was told by the associate that the responsibilities are exactly the same. The biggest challenge which I was told is making sure you constantly keep in contact with your team as they actually can forget about keeping you in the loop.

I also think of it like this, you are taking this opportunity to get your feet wet, I hear some people leave after a year because they move to another firm in a HUB city like NY of SF because of the greater networking opportunities.. However, I was told that also you would spend approx 1.5-3 months per year where your team is, so you still have the chance to network, and at the end of the day you are either good at your job or you are not.. You will have to take the first step and ask for more responsibility.

In final (because I sense my ramblings), its a good opportunity, but if you have an offer in NYC or SF or CHI, you should probably take one of those. I have a friend who worked in IB for a year and then joined one of the best PE firms in the world, and he had no connections there. So I wouldn't stress too much, its definitely possible to transition even without them, but it certainly helps a lot to have a good network..

Apr 27, 2017

Appreciate the insight! After networking into a few phone chats, what you said definitely corroborates what I've heard as well.

    • 1
Apr 27, 2017
mindlessmoney:

All - I'm brand new to WSO (1st discussion post) so don't rip me to shreds...

Do people tend to do that? People seem pretty friendly, based on my time here :P

Mar 12, 2018
Comment