Goldman

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

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

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

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 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

Hello! I applied to an early career role a few weeks ago and was invited to complete a hirevue shortly after. (My background is in marketing and I am working in higher ed so this was on a whim.) I was really excited to get an hirevue because I would love to transfer into this field. This week I was invited to a Virtual Information Session with GS recruiters in the first week of November. What should I be expecting? Is this a screener process? Is this what would be considered a super day? Or is it really just a "hi, this is what these roles are"? Any feedback would be much appreciated.

23 Oct 2020

Now I know what you're thinking, HCM is essentially a glorified HR department and I know that spots for this role are way less competitive than IB or Securities, perhaps I'm just overly nervous and seek a little bit of comfort while I wait for my Hirevue results. That being said, does anyone know what the chances are of being invited back for Superday after a Hirevue? OR does anyone know how many applicants get a hirevue? I prepared endlessly for it and did pretty well with minimal stutters and awkwardness.

16 Sep 2019

I have an in person interview at Goldman. any advice?! its an in person. any info or advice greatly appreciated

28 Nov 2018

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

I had an interview with GS on 3/25/20. I heard from friends who work there that I did very well in the interview, but Its been 2+ weeks and I haven't heard back. I emailed HR and got nothing back. Any idea of whats happening? Are people hearing of BBS freezing interview processes?

09 Apr 2020

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

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

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

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

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

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

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

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

Anyone hear back from Goldman Sachs IMD after super day? I've yet to receive any notification in regards to the summer

03 Nov 2016

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

I'm a recent new grad. I've received offers from -Barcap front office (sales) -GS Ops/Credit Risk To be honest, I plan to exit finance in around 3 years for a B-school or another industry (i.e. IT) Given I am looking for the best environment to learn transferable skills + impress future interviewers, which would be a better option? Thanks!

02 Jul 2015

I recently watched a video and this guy named Anton Kreil, a former trader at Goldman, said that traders used to be able to millions easily at banks. But he then proceeds to discuss how traders do not do this anymore at banks and that most of their time is spent executing trades for clients. Is this true and if so why would anyone want to trade for a bank?

16 Jan 2015

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

Former Goldman trader said all the traders that make a lot of money are at hedge funds now. Is that true

16 Jan 2015

Can someone please list what questions were specifically asked in Goldman Sachs HireVue? Thanks so much in advance.

05 Oct 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

Hi Guys, So one thing I've been really trying to figure out is Equity Research or Investment Banking. I interned for 6 months in Equity Research and loved it and am studying for CFA. I loved the process, and consider myself not too quantitative and can give presentations/talk to people well. I haven't have the IB experience, but am also interested. However, it seems as if I might start off in Investment banking. Would I be able to transfer from a small IB firm to BB Equity Research? I plan on going for my CFA level 1 and also would have the 63, 79, and 82. Also would I be able to transfer from

13 May 2017

I realized that I'm a bit late to the game on FT recruiting for REPE-related roles. I recently found out about Goldman's RMD Analyst program and, upon checking out their website, found that there are a few application periods. Period 1 began on July 1st and goes until September 15th. Period 2 begins on September 16th and goes until November 15th. The site states that Goldman reviews applications on a rolling basis, so my question is: should I apply right now (clearly late into Period 1) or is there some benefit to submitting my application on the first day of Period 2? Thanks everyone.

26 Aug 2018

I just received an interview offer for a sophomore summer internship with GSAM and wanted to know the low down on it. How is it looked upon on the street in comparison with other asset managers or investment banks in terms of prestige or competitiveness. Any responses are much appreciated.

18 Nov 2014

Should I take a financing group at GS (someone can correct me on this, but I'm pretty sure I would have to stay in financing for 2 years before I can move laterally) or IBD at DB (could probably get into one of its top 3 groups). Any inputs on experience/exit opps/prestige?? Thanks so much!

20 Feb 2015

Hi, As mentioned in previous posts I'm currently active duty military trying to make the transition to the finance world. I just landed a phone interview with Goldman for the veterans program and am looking for words of wisdom. It's in about a week so I'm doing my best to prepare. I read the threads already posted on here but am hoping there are a few in the process or have been through it to talk to these days. Please let me know through a post or PM and hopefully we can chat more. Is there anyone else in the running right now? Thanks!

30 Dec 2013

http://finance.yahoo.com/news/twitter-files-ipo-210453041.html Should be a nice fee.

12 Sep 2013

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22 Apr 2014

I searched the site to see if this has already been posted, didn't see anything. Net effect, follow the link, answer the questions and GS will tell you where your personality says you belong: Explore Goldman Sachs - Careers Quiz

Goldman Sachs offers many opportunities to make an impact. Use this quiz as a starting point to learn more about our divisions and find the ones that best suit you.

05 Feb 2013

I'm a junior in college making an extremely important decision for my future. I come from a non-target school, and it was a miracle that I got an interview and then an offer from GS in Salt Lake City. On the contrary, Sterne Agee recruits from my school, and the internship is in Birmingham, AL. I have no intention of staying in operations after I graduate, and I'd really like to get into investment banking. Which should I accept?

03 Feb 2015

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

Sheesh, Sergey Aleynikov can't catch a break. Most of you will remember him as the ex-Goldman programmer who swiped the firm's Doomsday Machine code before jumping ship to another firm. Or I guess we have to say allegedly swiped the code (again), since his federal criminal conviction was overturned by a higher court. Neither distinction mattered to Manhattan DA Cyrus Vance and US Attorney Preet Bharara when they charged him in state court on Thursday. Aleynikov faces up to four years in prison on the new charges of unlawful use of secret scientific material and duplication of computer-related

13 Aug 2012

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

Hey all. I am starting at GS IBD next week at one of the top groups as a FT analyst. While I am really happy about this, I do feel that restructuring is really interesting and would love to do that at Blackstone. I don't know anyone at Blackstone, however. Would it be possible to switch from GS to Blackstone within a year? Don't want to spend more than a year at GS if possible. If so, how would I go about doing this?

12 Jul 2013

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

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

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 an interview with GS global investment research group this week. I'm interviewing for their portfolio and strategy team. Any advice on how to prepare. I figured we will probably cover current economic conditions, trends, stock pitch, fit questions. Also, if anyone has interviewed please share your experience. Thank you in advance.

26 Oct 2012

We're really trying to develop people for a longer period of time than two years because, candidly, it takes more than two years to figure out" whether banking is the right career, Solomon said in an interview at the firm's Manhattan headquarters. "By getting people on the track of becoming an associate, we're basically just matching what's going on in the world with other opportunities that are out there.

07 Nov 2015

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

I'm a college senior and just received an offer from Accenture MC and GS HCM. I want to work for a couple of years and then go to grad school (business or law). Which is the better option? GS has a great brand, but is that still the case for HCM? Should I keep applying to other firms?

08 Oct 2015

This friday I had a phone interview with GS for a position I am highly qualified for (digital strategy analyst). The interview went well because I was very prepared for it and, for the reason of this post, I was only asked two questions about relevant past experience. I was shocked. I expected more. My thoughts this weekend have been consumed with analysis of the interview, "was the fact she ask few questions good or bad?" What is your opinion.

13 Apr 2014

Did any of you guys get a hug from these hotties a few weeks ago? Former model and Goldman Sachs employee (I'm thinking sales) Olga Vidisheva, 27, has launched Shoptiques.com after her stint at Harvard Business School. The site is a worldwide boutique aggregator, and it's a pretty cool idea. You can shop the boutiques in any number of cities without leaving your couch. Great for those of you who are looking for one-of-a-kind stuff. Can you believe she worked at Goldman? More to the point, can you believe she didn't come back for an associate stint?

15 Oct 2012

Anyone else notice this? No matter what time it is, the building is always lit up with lights. I've been in other BBs, and if the rooms are empty, the lights shut off after a certain amount of time. But GS lights up the skyline. Are people really working their THAT late, every single night http://www.flickr.com/photos/[email protected]/6734491633/

14 Dec 2012

People vs. GS Thought some of you might find this interesting...

11 May 2011