I know there have been a few related forums before, but most of them are not CVP/GS/JS specific, and the one that is closest is from about a decade ago. I have outstanding offers from these three firms, and I was wondering if anyone has advice on which to take. Most people have said to take CVP if I want to be a career banker, but I am not sure if I want to be yet, since I've never done an IB internship in the past, and I have to sign before my internship this summer. I like the idea of being an advisor for life, but I'm not sure if I'd truly enjoy the day to day of IB until I do it. TLDR; I'm
25 Jun 2021
Hey all - I used to frequent WSO a ton back in the day when I was recruiting to be an SA. I ended up spending a summer and then going full-time at GS before jumping to the buyside in VC/Growth Equity. I'm now headed to Stanford GSB for my MBA and have a bit of free time on my hands. Coming from a mid-target (UNC), I remember how stressful the process was, especially because I had so few mentors and had to learn everything through trial-and-error. That recruiting experience ended up stoking my passion for mentorship and financial literacy, both of which I am grateful for getting me to where I
30 Jul 2020
Got invitation for unformal chats with multiple MFs and UMMs. Should I treat these like interviews?!? Mod Note: here are some more PE recruiting related discussions: https://www.wallstreetoasis.com/forums/oncycle-is… https://www.wallstreetoasis.com/forums/heard-on-c… https://www.wallstreetoasis.com/forums/2022-on-cy… https://www.wallstreetoasis.com/forums/list-of-on… https://www.wallstreetoasis.com/forums/on-cycle-b…
10 Sep 2021
Curious to know if anyone has experience recruiting for this group at GS? Seems like they're more involved with social impact, so I am wondering whether the interview process will differ from the other groups encompassed within the Asset Management Division.
24 Feb 2021
Which banks crushed it? Which flopped? My $0.02 below. Total global M&A deal value grew by 92.5% year-over-year for Q1 2021. Ergo a bank that grew M&A deal value by less than this LOST market share year-over-year and a bank that grew more than this GAINED market share y-o-y. Source: https://markets.ft.com/data/league-tables/tables-… Market Share Gainers Jefferies: Made the Top 10 for global M&A deal value and grew global M&A deal value by over 800% y-o-y. Hats off. Not sure if they had a bad Q12020 or amazing Q12021 - probably both. Barclays: After getting
31 Mar 2021
Hello, Just wanted to ask if there was an official/unofficial groupchat for Goldman Sachs 2021 summer analysts. If not, I'd be happy to create one, as I think it would make summer logistics/insights/socialization easier.
11 May 2021
Hello monkeys, I wanted to get an impression on the best restructuring experience in London in terms of skill building and exit opps. I assume that specialist programs like Evercore/HL/RS prep analyst better for distressed roles than generalist places like PJT/Laz/Moelis, even though PJT is top notch in RX. Another thing that caught my attention after a quick linkedin search is that the London offices of Oaktree and other loan to own / distressed for control places hire mostly from GS/MS and not candidates from restructuring backgrounds. Is this simply a statistical phenomenon since the
04 Jun 2018
Elite HS -> ivy -> BB -> MM PE -> MD at top HF by 30 y/o Insane. He is undoubtedly a bright and talented man, but you have to wonder what his connections did for him in this success. Seems like a similar story to Chase Coleman III - an incredibly bright mind with world-class talent, but how much of his success can be attributed to coming from an extremely wealthy family and receiving personal professional grooming from the world's finest? Just a bit humbling to see these people in the wild. Just different beasts.
05 Oct 2021
Hey everyone, Can someone confirm this? I have been hearing this story all summer. Apparently a Goldman and Blackstone SA urinated on a Nomura intern when he was passed out outside of a Mayfair club in London this summer. Can someone confirm this pls? I am afraid of going to a lesser BB or MM bank for the summer if this is the case.
31 Jul 2019
The Current Promotion Cycle for Investment Banking Analysts So recently I got word that Goldman Sachs is announcing a pretty dramatic policy shift in the promotion cycle of investment banking analysts right out of college. Traditionally, investment banking analysts would work for two years and then jump to a private equity firm, hedge fund, start up or some other role in corporate finance. The rare breed that could withstand the 100 hour work weeks would sign up for a third year. Most of the best & brightest would move to greener pastures where they could work a measly 70-80hrs/week on average
10 Nov 2015
Anyone here feel any of this? Article says layoffs were at higher levels VP+ and affected M&A, ECM, and DCM. From Yahoo: [quote]Goldman Sachs said to cut dozens of investment banking jobs Goldman Sachs Group Inc. cut investment banking jobs in the last few weeks, joining securities firms that are adjusting to a slowdown in deal activity, according to people familiar with the matter. The bank eliminated dozens of managing directors, executive directors and vice presidents across the mergers and debt and equity capital markets teams, the people said, asking not to be named as the details aren't
05 Jun 2016
Whenever I was asked this question, I never gave a bullshit answer. I said that obviously the hours aren't a pro of working in this industry, but its not something that i necessarily mind and it will help me learn a lot. I also brought up my student loan debt and that I really wanted to pay it off. Interested to hear other perspectives on this.
17 Sep 2019
Hey guys, prospective intern here interested in Aerospace & Defense IB. Wanted to ask if anyone had any knowledge on which banks are generally considered top in the A&D space. Thanks!
16 Jun 2020
Mod Note (Andy): Make sure to read the letter "A Son Never Dies" written by Sarvshreshth's father Sunil Gupta Sarvshreshth Gupta dies at 22. Sarvshreshth was a tech investment banking analyst at GS. They haven't released the cause of death but it appears similar to the BAML London situation. It's always sad seeing a young kid pass away. It's even shittier that he passed because of complications due to exhaustion from being overworked. The article states that he was up for two days before he passed. He even tried to quit work but decided to come back. I wonder if this will lead to some new
06 Jun 2015
My experience bridges three worlds: investment banking, private equity, and startup life. Here's my story, in a nutshell: I graduated from the University of Texas at Austin's Plan II and Business Honors programs and was hired directly out of undergrad to GS. I worked in the firm's Special Situations Group, analyzing private equity and debt opportunities. I closed 11 private equity and debt transactions across a wide range of industries, which accounted for over $600 million of investments. On a day-to-day basis, I managed ~$300 million of assets directly. Since leaving the firm, I founded
04 Apr 2016
The NY Times had a report last week that Goldman Sachs (GS) is exploring an entrance into the consumer lending market. Comparisons have been made between what Goldman has in mind for consumer lending and the company Lending Club (LC) that went public last year. To understand Lending Club and Goldman's vision of consumer lending we need to discussion traditional lending first. Traditional Lending In a traditional banking model, a bank funds a loan through customer deposits. A bank's source of funding is their customer's deposits. Traditionally banks pay a small amount on deposits to compensate
25 Jun 2015
I was wondering if anyone had heard back from(Just recently got an email saying to make my interests to only one of the offered divisions) or plan on going to or even have went to this event in the past and I was wondering what to expect and how important of an event is this.
30 Jul 2020
I'm a senior in a top school in Asia graduating in 2016. I've grinded through school, networked like crazy and completed internships in consulting, VC and Asset Management. I have an MBB offer in Asia (think Singapore/KL/HK) and a BB Equity Structuring offer in London. I need to decide between the two by end of January, and would really appreciate any advice on the pros/cons of either. In the long haul, I would like to end up in PE/value investing - where there's a mix of operational understanding and finance. The positive for MBB is the operational experience, but most of MBB Asia's exits are
29 Nov 2015
Fellow Monkeys, Bit of a hypothetical one here, but albeit a much more realistic hypothetical than the ones thrown around here. I am currently on board to work at GS this summer, which I am 100% gung-ho for, but I'm wondering about the longer-term job security within the industry, regulations, etc... I've been beginning to give law school more weight in my mind, and I'm fairly confident that I have as good a chance as anyone at Harvard Law school straight out of undergrad. I have above a 4.0 because law schools count A+'s as a 4.3, I go to a top 3 public uni, and have great extra curriculars
03 Mar 2012
I was accepted into the Discover Goldman Sachs regional camp in Dallas/Irving where you get an on-site first round interview, and I really want to aim for an investment banking summer internship. So two questions: (1) It seems that Dallas may not even have an IB office? So far I've only read that Dallas has a strong PWM office. (2): Would it be worth it to do there (if they don't have IB and I'm accepted) at Goldman or aim for an IB internship elsewhere? Background: Sophomore at an Ivy, economics major but no prior finance internship. Interested in IB/PE.
24 Sep 2015
Hi I have an unofficial interview with an executive director at JP Morgan IBD in NYC. I wanted to ask about what the culture is like and what kind of people they look for in new hires. I've heard that people who work there tend to be pretty chill but do work and play hard as well. JP Morgan Chase Corporate Culture - New York City Generally speaking, our users spoke very highly of the culture at JPM. The culture was described as laid back, supportive, and full of nice people. [quote Gekko21]Overall, I think they have a great culture. Everyone I know is very laid back and easy to talk to. I have
06 Feb 2011
Wondering if I can get some opinions on this decision. I go to a state school on the east coast, I've grown up on the east coast and never been to California. I am pretty comfortable with NYC and my family is relatively close. I have 2 offers I am considering, but don't have much time to decide. GS New York in a middle office Risk Management role supporting IBD. This would be at 200 West, their very nice headquarters. Google BOLD program in Mountainview at the Googleplex. Role is as a Financial Analytics Analyst. Diversity program. Thoughts? More info below These are for summer analyst between
30 Jan 2012
This is for fun, and I think it will be interesting to see people's perceptions across the board. Let's see if we can keep to the "one word" concept and keep this efficient. No need to write stuff out and spoil it, if you hate the concept move on or blast me in a PM. Whether you love or hate Goldman, let's just see how it goes. My word: Icon
15 Oct 2010
Interesting article on business insider about how Goldman is freaked out about the Volcker rule. Specifically, they're scared of Glencore and the threat it poses to their commodities business. Goldman is one of the 3 big BB commodities players, along with Morgan Stanley and Barclays. Because Glencore is not regulated, it can do whatever it wants with regards to leverage, prop, and compensation. This seems to confirm Midas' post yesterday on the big commodity players. The Real Reason Goldman Should Be Freaking
05 May 2011
I'm a college senior at an Ivy skating through the end of my senior year, awaiting the upcoming summer where I will begin as an Analyst in a top BB Group (think GS TMT, GS HC/CR, GS FIG, MS Menlo, MS M&A). I've been thinking about my options as far as the next couple years, and with the group I'm working in, there are options to work internationally, potentially for a 3rd year as an analyst in a good European group within the European branch of the firm. I would really like to spend a year abroad, as I studied abroad in an intensive program during school and really enjoyed it, and I think work
04 Apr 2016
I don't really know if this topic has been brought up since most people here are networking for their positions, but I am just curious to know if anyone ever had success by just going to Goldman's career page and applying through their website. I know there are probably hundreds of applicants for this, so its difficult, but for someone like me coming from a non-target, I wouldn't really have the type of connections to land a job at a BB.
22 Apr 2012
Hi Monkeys, as you may know, GS SA can choose two teams within IB for their 2 summer rotations. What would your recommendations be based on team culture, prestige, WLB, etc? They normally advise to do 1 rotation in a product group and 1 in an industry team, but I might be more interested to do both with industry coverage teams. Appreciate your thoughts/insights
16 Apr 2021
Hello WSO, Not completely new here, but first post. Basically after a LOT of work and many ups and downs I managed to secure a position as an i banker at one of the top three after graduation (perhaps one day I'll write my "success story"). Before I start with them later this year, I am currently studying for the GMAT as I now consider that with a good score I actually have a shot at getting into one of the top 5, and the score is valid for 5 years. While researching I found that so many people want top MBAs to be able to have a shot at firms like the top 3 i banks. I can't find much about
14 Feb 2018
I summered in a GS coverage group this summer (not FIG or TMT) and did not like my experience (loved the work but didn't like my coverage industry and wasn't crazy about my intern class or the people in my group). I go to an ivy that is not Harvard or Wharton and is very common on the street. My goal is to do PE after my two years in banking. This last week I began receiving calls from places that I got offers from and turned down at the beginning of the summer. It seems as though the following groups are willing to offer me a chance to switch there FT and I wanted the opinion of some of the older people on here in regards to the reputation of these groups and how they'd be viewed by various exit opps: Lazard (generalist offer but 95% would be in restructuring) JPM (FIG)
08 Aug 2012
Hi all, I have just received an interview for Goldman's GIR (Global Investment Research) group in Salt Lake City. The program is called ART (Analyst Research Training), in which it is a 6-week training program. After completion they then place you in either equity or credit research (I would assume that you would be put on a research team in Salt Lake City). It seems like an awesome opportunity, and hey having GS on your resume never hurt anyone. My only real concern is the whole Salt Lake City aspect. I have no problem moving, but I have read some things on WSO about that office not being true equity research. I was hoping someone could shine some truth on the subject. Hopefully someone knows a friend that worked there. Thanks.
30 Mar 2013
Hey, New to WSO and am looking to recruit for a SA internship next fall. I go to a target school in the east coast but am originally from LA. I decided that I'll probably stay in the west coast upon graduation. I'm looking to ultimately recruit for PE after my analyst stint, therefore Financial Sponsors is probably the group I'm most interested in. I know the west coast has some solid FSG shops, but was wondering if someone can fill me in? As I don't go to school here, it's a bit hard to know. Been reading through the forums but many of them are outdated and I would like some more feedback
17 May 2016
1 Goldman Sachs & Co. 2 The Blackstone Group 3 Morgan Stanley 4 J.P. Morgan Investment Bank 5 Lazard 6 Greenhill & Co. 7 Credit Suisse (Investment Banking Division) 8 Evercore Partners 9 Deutsche Bank AG 10 Rothschild 11 Barclays Capital 12 Perella Weinberg Partners 13 Moelis & Company 14 UBS Investment Bank 15 Houlihan Lokey 16 Jefferies & Company, Inc. 17 Citi Institutional Clients Group 18 HSBC Holdings 19 Wells Fargo & Company 20 Allen & Company Inc. 21 Bank of America Corp. 22 Macquarie Group 23 Piper Jaffray Companies 24 Oppenheimer & Co. 25 RBC Capital Markets Discuss...
07 Oct 2009
Hey guys, I have a good sense of the differences between BAML IBD and Goldman Legal, but I wanted to know which would provide the best exits and has the better prestige factor? I did BAML IBD this summer and liked it a decent amount, but am not sure what I want to do in the future. Also, I know Goldman is more prestigious than BAML, but I am worried that the legal department work isn't that interesting and is viewed as being less intense. Thoughts? Thanks so much!
27 Oct 2011
Hi all, first time poster I'm at a semi-target US school looking to break through to IBD. So far, no luck. My GPA is 4.0 and I have had some interviews at MM firms like EC,L,GH and R. The BBs and Cdn B5 (RBC, BMO, etc.) have not been easy although i have networked a lot. My previous exp is as a SA at a BB in GER in a PWM div, which i got through a job in BO of a MM in FR mainly working the phones etc. Ideas? I would really appreciate any feedback - plz PM me or rspnd to this pst.
09 May 2010
Hi all, I had the opportunity to work @ GS this past summer in IBD (industry group). Unfortunately I did not come away with an offer. I have decided to stay an extra semester and take another summer analyst position. I am looking at some of the better known boutiques in NYC and will be submitting applications through non-target recruiting. My question is this: Even though I do not have any contacts through my school or career center at many of these top boutiques, will I need to cold email people through linkedin to even have a shot at a first round?
09 Dec 2011
So for those of you who are unaware, Teach for America and Goldman Sachs firmly cemented their partnership this year. Goldman will be offering (at least) 20 minorities in the incoming Teach for America class summer internships. Do you all think this is a move to try and take away from the evil perception of Goldman by being buddy buddy with arguably the most prolific non-profit today? Or do you see it as another way for them to access and recruit some of the most qualified "do-gooders" into the firm? Do you think something like this is good for TFA and furthers its mission? Do you think more banking/finance/consulting firms will make this type of partnership with TFA?
15 Mar 2011
Just looking for a little advice here: I'm having a lot of indecision about my college plans for the next 2-3 years. Right now I'm a sophomore at UCA (a semi-target at best), and I'm killing it academically(3.9)8 and have a PWM internship that looks good on the resume. But even with that, i feel it's near impossible to break into finance from UCLA. I am wondering if I could transfer and here are my three options I'm thinkiing: 1. Apply to Michigans Ross, I'd say I'd be around an 85% chance of getting in. I am a michigan resident and the cheap tuition would be a huge plus. 2. Apply to Wharton, a bit of a longer shot. The most prestigious of my possible choices, I'd put myself at a 50% chance of getting in. Tuition would be the same as OOS UCLA.
31 Dec 2010
Hello, all. Thank you for showing interest in my forum. I am a third year college student who has been offered an internship position at the Securities Division of Goldman Sachs and at the Operations Divisions at Barclays Capital, respectively. I have hard time making decision on which offer to accept. Here are some of my thoughts/information regarding each position, so please let me know your opinion as to which position I should accept: Operations at Barcap (Tokyo Office) 1. daily work schedule is ideal; a day starts at 8:45 and ends at 6PM 2. Pay is great and probably slightly better than the internship position at GS 3. I think I am better suited to middle office than I am to front 4. Some of my future colleagues and boss whom I have already met are really nice
15 Nov 2011
Much has been said today about Goldman Sachs dubious financial practices, but most have not heard about Goldman's involvement in the initial public offering (IPO) of Baidu and the subsequent BIDU share price movements. Goldman Sachs and Piper Jaffray, along with Credit Suisse First Boston, underwrote Baidu's IPO. The IPO would be the first for a pure-play Chinese search engine company. Baidu American depositary shares (ADS) started trading on August 5, 2005. An initial 4.04 million ADSs were offered at $27 per ADS; opened at $66, more than double its $27 price, climbed, stabilized and then rallied anew before ending its historic opening day at $122.54.
16 Apr 2010
Finally getting to my first post after a long time of lurking. This forum has helped me a lot throughout the years! I have an interview next week for a Relationship Manager - Analyst/Associate role within GSAM. Anyway, I couldn't find too much specific information on the position and it seems that on a lot of the posts I read people are getting it confused with S&T. I did my research but still have some questions. I am assuming this is considered an experienced hire role, but it's still analyst/associate so will I have to go through the analyst/associate trainings? Also, I couldn't find too much on the salary... Will it be comparable to an analyst/associate in PWM?
21 Aug 2014
Help! I am in a serious dilemma of choosing between the following: McKinsey offer (General Junior associate) and a local bank offer in structured products sales/structuring. My goal is to get into top business school in US H/W/S and then IB & S&T associate at Goldman. I know what McKinsey is golden for MBA, however I am considering the following: 1) My interest is with S&T, i.e. the local bank offer would make my job more fun for me. 2) If I take Mckinsey, it will be much tougher work than the banking offer. 3) I know someone who worked one year at this exactly same bank then switched to Goldman in London, however, he had to do internship right before full time, i.e. he started over as first year analyst...
05 Aug 2010
Scoured search function but found nothing... Can anybody shed light on GS's "Strategic Relationship Management?" Being interviewed for FT position. Assumed it was not a great gig because it's not traditional IBD and seems like marketing. But when I found a job listing online, it mentioned as requirements things like "1-2 years experience" and "M&A modeling." Basically I'm confused. I THINK it's a bad way to start a career and I'm better off with a traditional IBD role at a less-reputable firm. But I don't know what this IS, don't know if it's prestigious, don't know if I'll learn a lot, and don't know if it pays well, and asking these questions (except pay) of interviewers and HR people yield evasive, generic answers. Can anybody help?
10 May 2011
Had my initial phone interview for Goldman Operations Analyst in Salt Lake City on Thursday. My interviewer said great after all of my questions, we shared a handful of laughs, and at the end she said it was a pleasure speaking with me. I then asked when I should hear back if I was selected and she said she would e-mail the hiring manager back and he should be in touch with me in a couple days. Didn't hear back Friday...maybe Monday? This was the last line of the tell me about yourself question: "There is something physically and mentally indescribable that occurs during the last quarter mile of every road race I have participated in, which I have not yet found while working at a company, and that is what I am looking for at Goldman Sachs." What do you guys think??? I am going to be sweatin all weekend
06 Mar 2010
Choosing between S&T summer analyst offers for Goldman and Citi that I recently got; both NYC; both are rotational but Citi is also rotational full-time as well. Factors I'm keeping in mind: strength of S&T division (most interested in FICC but obv open to doing equities too), exit opps, compensation, and culture. Absolutely loved the people at Citi and I know a lot of junior/senior people; know less people at Goldman so can't say too much about that but very attracted to its brand name obviously, esp as an international student who'll likely be working outside the U.S in the future Any help
04 Jun 2018
Need help guys. Both IBD in NYC. Which would you choose and why? I know GS has better exit opps, but how much better? Also, is analyst pay higher at Jefferies? Any info is helpful. Thanks in advance.
18 Jan 2013
Deciding between offers for SA at Greenhill in IBD and Goldman in Market Risk Management and Analysis. I'm probably interested in doing IBD FT, but not completely sure. I'm pretty sure the right decision is to just go for Greenhill, but want to hear a second opinion before going ahead with it.
27 Feb 2012
So I am going to be working at Goldman soon, and I am starting to accumulate clothes. I am going to be dressed in business casual mostly and was wondering what color you guys recommend for the dress shirts. I think I am going to be pretty conservative with the suits/ pants, going mostly charcoal and navy (maybe 1 pant/ suit that is dark grey). If I was wearing a suit / tie everyday, I would go mostly white / light blue shirts. But since I will just be in dress shirts and pants mostly, what color shirts do you recommend?
16 May 2012
copy pasta'd form yahoo
link Peyton Manning's career with the Indianapolis Colts will reportedly end Wednesday. According to ESPN's Chris Mortensen, the team will announce the release of the four-time league MVP at a news conference. Cutting him will prevent a $28 million cap hit for the team and instantly make Manning the most coveted free agent since Reggie White. Manning underwent multiple surgeries to fuse vertebrae in his neck over the past 19 months. He missed the entire 2011 season.http://sports.yahoo.com/blogs/nfl-shutdown-corner/report-peyton-manning…
06 Mar 2012
Hi, I am a senior in high school and have recently been accepted to Columbia, Cornell, and Dartmouth. I am interested in investment banking/trading/other wall street careers (early, I know) and was wondering which of the 3 schools would be best for my goals. How is finance recruiting at each of these schools? I will be in SEAS at Columbia as well as Cornell. I realize it is foolish to base my decision on the quality of I-banking recruitment, so I am definitely considering other factors as well. I just want to get as much information as possible before making a big a decision as this. Thanks
04 Apr 2011