GSIP (Goldman Sachs Investment Partners) Phone Interview?

dfb's picture
Rank: Senior Chimp | 22

Does anyone know the types of questions I should expect for a phone interview with GSIP? It's roughly an hour long.

Ran a search on past GSIP topics, but most were discussing whether the group still existed or possible ways to lateral in. Would really appreciate any help on how to prepare for this interview, beyond standard walk me through your resume type questions -- market qs? trading qs? valuation?

Thanks.

Comments (23)

Jan 25, 2011

Would expect it to be similar to other L/S HF interviews, qualitative questions and quantitative questions... pitch an idea, valuation...

Jan 26, 2011

Your technical skills will have to be superb -- superday you will receive a lot of advanced valuation questions.. know your modeling. When you pitch an idea, they will shoot holes through it and expect you to defend yourself. Also, be cautious -- very rare for them to extend a full-time offer to summer analysts. Not saying it can't be done, but as with the rest of the firm, most people do not get invited to come back unless they really did a outstanding job.

    • 1
Jan 26, 2011

Any other input?

Feb 1, 2011

Bump. Any knowledge with regards to the first round (phone) in particular?

Feb 1, 2011

google Ranaan Agus and Kenneth Eberts

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Feb 1, 2011
trailmix8:

google Ranaan Agus and Kenneth Eberts

Oh fuck, not you again

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Feb 1, 2011

which ivey section u in?

    • 2
Feb 2, 2011

I talked to a kid at my last superday who said it was easily the hardest interview he's had so good luck ha. Didn't get any details though.

And in regards to being careful summering at GSIP because they don't extend many FT offers- I would not let this influence you much. You'll be able to get any FT interview you want..

    • 1
Feb 2, 2011

Just had phone interview recently. Not too tough (medium technicals, in-depth stock pitch), but from what I understand the superday will be EXTREMELY technical and difficult...they expect you to have a complete modeling skillset coming in. With that said, if you've done a few summers in banking you should be very competitive.

Feb 5, 2011

Do they recruit at Harvard? I can't find their posting on the career site.

Feb 4, 2011

No behaviorals.

Feb 6, 2011

GSIP does not hire at analyst level for the most part. The majority of the group is made up of MD/VP and so on. Most of the new additions they made in 2010 were basically top performers from other groups who were asked to come aboard. Also A couple strats are lateral hires who were top performers at other firms.

SA at GSIP would be a good experience if you can get it, however, as Makers Mark points out, you probably will not be extended a FT offer, however, if you do a good job, I'm sure any of the other GSAM groups would have no problem picking you up.

Jan 26, 2012

bump i have a phone interview coming up.

Jan 27, 2012

I have a buddy who interviewed with them. Among the obvious technicals and scenario analyses, they made him elaborate on the European debt crisis using a whiteboard...how the ECB and IMF fit in the picture... he wasn't ready. Gave him five minutes to talk, no shorter, no longer.

Jan 30, 2012
econ_guru:

I have a buddy who interviewed with them. Among the obvious technicals and scenario analyses, they made him elaborate on the European debt crisis using a whiteboard...how the ECB and IMF fit in the picture... he wasn't ready. Gave him five minutes to talk, no shorter, no longer.

wow good to know, thank you! though i won't be able to use a whiteboard in a phone interview, unless i use FaceTime haha.

Jan 30, 2012

They're insanely selective at the analyst level, even moreso than goldman SSG or goldman PIA.

I know 2 guys who work there; one was in citadel's ITAP program before, and the other did bain capital sankaty. Both of them graduated wharton undergrad with 3.9+ gpa.

Best Response
Jan 30, 2012

1.) Yes--focus on distressed. Know the terms on a balance sheet. Know the 4 main financial statements. Read up on various capital structures. Know the difference in seniority of various creditors. Distressed investments (especially distressed for control) rely heavily on knowledge of creditors rights in the countries where the investment/company is located. As a result, SSGs, high yield credit funds, and distressed shops only invest in countries with well-defined bankruptcy laws.

2.) SSG is not a fund, per se. It falls under the category of 'principal investments,' whereas GSIP is a private equity fund that sits in Asset Management. If you don't know the difference between principal investments and private equity, you need to rectify that soon (hint: it has almost nothing to do with investment methodology, and has almost everything to do with their sources of capital).

3.) The Volcker Rule deals with proprietary risk-taking by banks. There are carve outs that allow banks to hold up to 3% of their assets in private equity and hedge funds, but they can only hold 3% interest in any one fund. That said, banks can still seed funds, though they have to reduce their holdings in those funds to 3% within one year of the fund's inception. Further, there is a carve out for principal investments. As such, groups like SSG will become the norm, whereas groups like GSIP will probably be spun off (or perhaps absorbed into asset management, since GS will be loathe to let them leave).

    • 2
Jan 30, 2012

Great information above. Thanks a lot for the clarification. In terms of job security, do you know how SSG would compare to an investment banking position full-time?

Jan 30, 2012

Btw, I realize that IB and SSG are completely different but this SSG interview caught me a little by surprise (I originally planned to do IB) and has got me pretty intrigued.

Jan 30, 2012

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Jan 30, 2012