Upcoming Summer at Goldman Sachs Sales & Trading
Hey Guys.
I managed to land a SA position this summer at Goldman Sachs Sales & Trading. I am very pumped needless to say but I am no expert on life at the firm or in the industry. I was hoping you guys might be able to give me some inside knowledge and advice going into this summer. Below are some questions I am wondering.
Sales or Trading? Which should I try to opt for. I have the impression that the trading industry is losing its flare as prop trading has died and more and more computers are moving into the trading industry. I read an article earlier this week that GS is letting traders go due to advanced computer technology. Does this mean I should opt for a Sales position? I feel that having the ability to sell is needed in any industry and thus I will gaining experience with an irreplaceable skill. Any thoughts?
What should I do prep myself for this summer? Does anyone have any advice in this field? (It would be great if anyone had specific advice regarding the firm) I feel that I have what it takes but I really want to put myself in the best position going into the summer. Maybe books to read?
Lastly, does anyone know how the summer analyst position works? I understand it is training and then three 3-week rotational positions on desks, but how do they decide what desk you end up on? I understand lots of firms have different cultures at the different desks but if anyone could give me advice regarding the culture of the different desks in Sales & Trading and GS that would be awesome.
I am really just trying to put myself in the best position going in and it would be awesome to have an idea of where I should try to push myself towards based on my interests. I have a particular interest in emerging markets and more towards the FICC side.
If anyone interned at GS, your insights would be most appreciated.
to prep urself stop playing with ur schlong all day and use the search function and mergers and inquisitions.
Congrats! I've heard that GS S&T has a fairly low return offer rate, so be aware that you'll have to really kill it to receive a FT job. I'd focus on making sure you come across as eager to learn, and trustworthy (in your quality of work). Make sure to meet lots of people within the firm and work hard to leave a good impression with everyone.
It's a rotation. Kill it and focus on networking with ANALYSTS and ASSOCIATES. They are the people that will be going to bat for you when offer time comes around. So many people make the mistake of kissing VPs, and MDs asses.
Be normal, hard working and teachable.
Oh and lastly, the best trader is the best salesperson and the best salesperson is the best trader.
perception > truth
most impt thing i learned this summer. (no actually i lied, but it's a big point that most others won't bring up. everything else, you'vep robably heard already)
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