Goldman Sachs

With the GS salary bump announced recently, was pretty nervous it would come out of our bonuses. However, this year, the bonuses were MONSTROUS for GS Classics. First year analyst bonuses topped at $115k, with mid / up rounding into $95k, bottom getting $75k. Second year analysts topped out at $145k in my team, with mid being $125k. With these numbers, and second year analysts now getting $125k base, seems like a top second year analyst could rack in $270k pre tax - wow. Anyone else here in GS classics who can provide insight into their team? Sick year for industry comp as a whole.

05 Aug 2021

Hello, I will be having 2 interviews (30 minutes each with 2 VPs) with GS TMT in NY although the position says (ECM TMT), and I am not fully aware whether GS provides services such as M&A, IPO, etc. under the TMT group. If you have an answer, please help me out. For the interview preparation, since I have not worked a software company, should I be worried that I will be asked question about SaaS operating model? I got a brief lecture about SaaS operating modeling, but beyond that, I have no clue. In 30 minutes, I think they can ask a lot of questions, either fit or technical, if anyone has

07 Oct 2021

BB Rankings: 1. Goldman Sachs / Morgan Stanley / JPM 2. BofA / Citi / Barclays 3. Credit Suisse / RBC 4. Wells Fargo / DB / UBS EB Rankings: 1. PJT / Evercore / Centerview / Qatalyst 2. PWP / Lazard / Moelis 3. Guggenhiem / Houlihan (Note: both RX teams would be tier one) 4. Rothschild / Greenhill MM Rankings: Jefferies / Raine / Cowen / Baird / William Blair Meh, weak groups: Stifle / Nomura

17 May 2021

UPDATE: https://www.wallstreetoasis.com/forums/pls-fix-we… EDIT: https://www.efinancialcareers.com/news/2021/03/we… EDIT: S/O to @wallstreetintern and @litquidity for the features (link / pic below) This might seem old and repetitive, but yes, I want to complain too. Wells Fargo IB is not the place to be right now. Banking has become more of a taxing job than it has been recently because of all that's going on (we all know this). It's a sweatshop over here and everyone is putting in 100-hour weeks like

25 Mar 2021

Qatalyst (on Handshake) J.P. Morgan Vista Equity Partners Blackstone KKR (deadline passed but rolling apps open) Goldman Sachs Bain Capital PWP Barclays Guggenheim (on Handshake) Oppenheimer Citi S&T FT Partners Rothschild PJ Solomon (on HS) William Blair PJT Cowen Last updated: 7/30. Forward-looking: Expect to see openings pop up after Aug 6, when SAs start wrapping up. BlackRock is set to open FT on Aug 2.

09 Jul 2021

Title says it all. Second year base - 125k, first year associate base - 150k. Source: https://www.businessinsider.com/goldman-sachs-rai…

01 Aug 2021

I get it is operations and currently I am being converted at Wells Fargo to permanent (not quite there yet) as a customer advocate pretty much, but Deloitte is trying to hire me for the same salary and a smaller commute . It would be a derivative custody analyst for Goldman Sachs and would be a year long contract, with an opportunity to grow with either Goldman Sachs or Deloitte. This position would in be Salt Lake City and they reached out to me on this. I had previously worked as a trader at Morgan Stanley for their stock options/RSU group. I did not graduate from a target school and I don't

12 Aug 2021

Hey has anyone ever worked with him or has interacted with him? We all have pretty much watched the " are you destined to deal" uva lecture on YouTube; any insights on the guy(culture, work ethic etc) would be appreciated For reference:

20 May 2021

Want the SparkNotes? We got "banker speak" for nothing. But you don't need a SparkNotes because it was only a whole 30 seconds or so on an hour-long call. Senior Leadership on Junior Banker CIB-wide call: "We saw the materials and saw the forum" - nice, I would hope so. "We're exploring resources and solutions" - as you said you have been for months on end now… and as you SHOULD be at all times… without a deck or forum or having to tell me lol. "We've set a net zero emissions target for 2050" - sick bro. So what value did any junior bankers at WF pick up from the call? Please chime in because

31 Mar 2021

Hi Guys, I would like to ask, does the need for Visa Sponsorship in the UK put me into disadvantage when applying to investment banks in London for Summer Internship? I currently have Student Visa that allows me to work without sponsorship. I am not planning to lie on my application when the question is if I will need sponsorship in the FUTURE I will select YES even though I wouldn't need it for the SA role I am applying to, just in case FT offer afterwards. Just want to know if this will put me in disadvantage compared to others who don't need Visa, especially now when the work visa system

01 Aug 2021

hii I have never posted before and this is a bit scary but I think it is worth it to go the lengths to hear all the opinions I can. I know this is a very privileged problem to have,, and thank you in advance to everyone who helps out,, but I have received offers from both GS LA and MS SF. Both of them IBD and both of them are the healthcare groups. I really am struggling to figure out which one is the best to choose because honestly I don't think there is a bad decision here but I think there may be a better one. Here are some of my thoughts: Location: SF would be preferred--I go to school

11 May 2021

Hi all, as the title says, received a SD invite for Goldman's GM team (basically S&T), an offer from Key's IB tech group, and a 2nd round with Morgan Stanley's PubFin team. All offers for Summer Analyst positions. My goal is ideally IB or any role where I can exit to an innovation-centric platform like VC or entrepreneurship (I'm also considering MBB, if that's a possibility down the road). All really different offers, and I'm not sure if the name premium from Goldman would be better than an actual IB offer from a decent MM tech group in KeyBanc (advised SumoLogic, Rockwell Automation in M&A

11 Sep 2021

Open to answering questions regarding MBB, recruiting, breaking in, day to day life, career choices, etc. Background Academic: MSc in Finance (Europe) - top GPA, public undergrad b-school (target locally) Internships: Summer analyst at MBB; Summer analyst at Goldman Sachs (IMD London); Off-cycle analyst at European Private Equity FOFs. Received full-time offers from all three Other: GMAT 730 WSO Mentor Want to work with me? Check out my profile here.

05 Nov 2020

Hey everyone, first post here on WSO. I'll be joining GS IBD team here in Bengaluru, India, likely in the M&A division. Wanted to know the best industry coverage group there. Now, from what I could gather from multiple discussions here is that GS' TMT coverage is regarded the best by many. However, after talks with multiple folks (mostly 1st and 2nd-year analysts) from my office, I learnt that it's actually the chill-est division in the office. Now what this means is that while in terms of hours, it's the most relaxed, but the chances of a convert to a front office in London (or any other

14 May 2021

Hi guys, I'm currently making a choice between LSE A&F and HSG MBF. My goal is to eventually work in London for a tier-1 IB. Although LSE is definitely the bigger brand, particularly in London, I wouldn't have to do any extra internships. HSG would allow me to do a SA and an OC before applying to London in 2022. So ultimately the question is: LSE with current profile vs. HSG with 2 more internships in M&A. For context, this is my current profile: - Grew up in London, went to a German school with Abitur 1.8 - Non-target uni in Netherlands with 8.0 GPA (3.5 equivalent) - Exchange to Bocconi -

18 May 2021

Wanted to make a thread for people who were looking waiting for/invited to/completed a Hirevue for CWM

18 Jul 2021

Hi everyone, I wanted to create a post about my process on GS for Junior Analyst in IBD. Sadly I did not get it but anyways. Context: Applied in Mexico City, 2 years of experience in AM and from a mexican target school. 1.- Apply through the page 2.- Webinar of general information (No filter yet) 3.- Steps 1 and 2 were in January 2021, and in mid february I got an email saying I have passed to the next round (HireVue interview) 3.1.- HireVue Interview was really easy, general questions like walk me through your Resume, and situational ones like "What would you do if a client is asking you to

17 Mar 2021

Hey all, does anyone have concrete examples of what Goldman's end of year bonuses (paid out in August) look like for analysts? I know there is a "Goldman discount" and they get paid on the lower end, but any numbers you know of in the past would be helpful - for both first and second year. Do some groups pay higher than others? For example, I believe TMT makes up like 40% of IBD's revenues, so do their analysts get paid slightly more in bonuses?

08 Feb 2021

Hi all, I have a question that I haven't been able to really find any answers to online. If you think you've seen a thread before that addresses the question I have, please feel free to post it. I'm largely looking for people's opinions/advice. I currently have a position at Goldman Sachs (Compliance. Yes, I know. But, I graduated in the middle of a pandemic. Life happens.) and will qualify for internal mobility next October. I have a master's in statistics (thesis relating to financial mathematics) and have passed the first CFA exam. So, I feel confident I should be able to get into a revenue

29 Apr 2021

I got a Hirevue interview with Goldman Sachs for Early Careers one month ago. I can say I did terribly. I think I might fail because I have not heard back from them yet. I keep applying for some other Early Career positions and when I checked my status recently. I saw my new application changed from "Resume Under Review" to " Interview". But I have not received any emailed to take another Hirevue interview. So my question is whether they use only one Hirevue interview to consider for all of the positions the candidate apply in future? Or for each application they're gonna send different

17 May 2021

I'm looking into Goldman's real estate groups and was wondering if anyone can explain what their different groups do. What is the difference between GSAM and GS merchant banking? What are the types of work/investing, comp, and potential exits in both? What does the real estate financing group do? Do they originate loans like other bank lenders at the asset level, do debt placements like brokers, raise corporate debt like typical bankers? Any info would be much appreciated!

27 Sep 2021

He let go of all of Lloyd Blankfein's leadership team. Put in his own leadership team, and half those guys all left him. Then this cheap fuck has done nothing to compensate all those GS analysts even after they exposed the hours of his company and the current banking industry. What kind of leadership is this? "Solomon's Results Analysts credit the CEO for keeping a grip on pay as revenue surged Source: Bloomberg, company filings Note: Solomon's tenure as CEO began October 2018 More than 70% of analysts covering the stock recommend investors buy it -- the strongest endorsement in 10 years. When

19 Apr 2021

Hi everyone, hope all is well. Question for any of you that have been through the Goldman process, or at least early stages. I'm enrolling in one of their Insight Days then will apply for SA 2022. For the insight day, it asks to submit a resume "containing no proprietary information which includes previous employers...delete these before submitting to Goldman Sachs..." Before asking this I searched online but only found more standard resume advice, not any information on a non-specific resume. I 'm a bit confused how a resume without company/job information would even be helpful at all. Do any

05 Apr 2021

Hey guys, Very hard to find information on Goldman Sachs' buyside operations. From what I understand Merchant Banking and SSG have been merged into one entity now referred to as Merchant Banking. Let me know if my findings are correct: From what I understand, the Merchant Banking team acts like a PE firm (using Goldman's balance sheet as opposed to LPs) that also does mezzanine financing and distressed debt and real estate. The SSG group acts like a hedge fund and invests in distressed debt, start-ups, event driven catalyst equities etc Not sure how Goldman Sachs Investment Partners fits into

21 Jan 2021

Hey monkeys! I didn't see any posts about GS's exploratory programs for this year, so let's connect!

17 Dec 2020

I will be as honest as I can and will love hate or advice regardless what it is. I transferred to a target school a year ago as a junior, if you look at my post history it will explain everything. And after being there for a year I've slowly re-evaluated everything. IB was the most promising career that would be lucrative with time whether it be going to PE or whatever else. Although after coming to a point, doing a random accounting internship this summer, just so I can have the opportunity to recruit for next summer, (which if I put the effort in I will land something, and just started the

30 Jul 2020

Hi ! I am a high school senior with a 3.7-3.8 gpa and a sat score of 1460. I got a mail from Stevenson Institute of Tech today stating that I've been shortlisted for Priority Application through the college board student search service. I'm not sure as to what that entails apart from a priority merit scholarship consideration and if it's a marketing gimmick. Also I saw that it has a decent rep for it's engineering but since I'll be applying for Economics or Finance (up for discussion) and want to break into IB, PE or consulting in NYC(in that order of preference), what's the rep for business

14 Nov 2020

2 years at tier 1 investment banking in NY (Think GS TMT, MS M&A, Evercore, Moelis, PJT) Now at tier 1 Hedge Fund in NY on the investing side (Think Citadel, Mill, P72, DK, Silverpoint, Anchorage, Renaissance etc) Non-target ~3.0+ GPA (I don't like sharing personal stories but as a brief background story...my mother passed away freshman year who was single mother, and I had to support my younger brother financially by working full time while going to school) Have not taken the GMAT but I will try to get 740+ Expecting good letters of rec from previous employers EC geared towards my background

08 Sep 2021

Has anyone received an email for HireVue interviews yet?? They said emails would be sent out after the 15th.

16 Feb 2021

I've been looking into the Private Equity Group within GS AIMS recently (saw a posting a few weeks ago) and noticed a lot of former analysts were able to exit into PE buyout shops, despite the group doing primaries / secondaries / co-investments, rather than LBOs. Would anyone have insight into why this is the case? I've been reading forums on here that have said it is tough for guys in these sort of FoF roles to get into direct LBO shops, but it seems this happens routinely at GS AIMS PEG. Any insight would be appreciated!

05 Aug 2019

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

Hi everyone, I got invited to the GS Global Markets (loan management) Superday. I have been trying to find more info on the division and how interviews usually look like but couldn't find much here or on the internet in general. Does anyone have any experience or any insights into the division/interviews. The job is specifically Goldman Sachs Global Markets (loan management) in their Dallas office. Let me know if you have any other question. Thank you!

25 Sep 2020

Monkeys, Have posted this on the PE forum but figured I tried my luck here too. Recently received my invitation for Goldman's MBD AC for a summer analyst position. The email specifies the internship will be rotational across Equity, Credit, and RE investing and was hoping someone could provide some colour on how to best prepare. Not too sure if there will be a technical aspect which would require me to prepare for questions on all of them or rather the interviews will be more motivational/ personality. The site has been instrumental in being able to reach this far and would very much

29 Nov 2020

I'm wondering what your thoughts are on this. I'm 1/4 Irish and 3/4 German. I come from a wealthy family, but they wouldn't even pay for braces. My teeth are a bit crooked (almost done invisalign in two months), two small chips due to playing spots, and kind of small due to my genes (parents also skimped in whole milk, quality fish, etc...). I really don't want to be held down due to this minor (perceived) flaw. I've always been the brightest and would rather do technology sales than be held down for life in a place like NYC. I can either spend 25-30k on my teeth or put it towards a

25 Mar 2020

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

I'd like to start the 2018 Veteran Integration Program thread this year. I'll be applying as soon as the application opens...Last year it was mid-October. Who else is applying this year? In past years the application entailed an online resume screen, followed by a Hirevue interview with several questions. Successful candidates then went on to a superday before offers were presented in February/March. Please share your background and desired divisions. I was a Marine O3 finance officer with no prior finance experience and a minor in business administration. Since I left active duty a little

27 Sep 2017

Hey, I recently verbally accepted an offer for the 2021 Summer analyst position at MS for investment management fixed income (I know this is IB but still) and was very happy since this is my dream job-going into the buy side was more preferable for me and I wanted to learn from a BB. I have also been interviewing for GS but probably will cancel interviews now that I verbally accepted, since I prefer their culture, people, etc. However I spoke to a professor at my school who's been in the industry for years and he said MS is good but only a quarter as good as GS which is in another league. He

12 Sep 2020

Diversity recruiting has been the subject of several posts over the last few weeks. Although there are existing WSO posts that try to aggregate opportunity for diverse candidates, this one aims to be an exhaustive list that includes all the introductory programs and formal internship pipelines offered by firms on the street so candidate are aware of these opportunities. As new opportunities continue to be created, I plan to update this list. diversity investment bank programs The opportunities are separated into two buckets: introductory programs and internship opportunities. Introductory

03 Jan 2017

2 years at tier 1 investment banking in NY (GS, MS, JPM, Moelis, Lazard, Evercore, PJT etc..) Now at tier 1 Hedge Fund in NY on the investing side (Think Citadel, Mill, P72, DK, Silverpoint, Anchorage, Renaissance etc) Non-target ~3.0+ GPA (I don't like sharing personal stories but as a brief background story...my mother passed away freshman year who was single mother, and I had to support my younger brother financially by working full time while going to school) Have not taken the GMAT but I will try to get 740+ Expecting good letters of rec from previous employers EC geared towards my

08 Sep 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

Hi guys, I am in a weird situation and would love to hear out some opinions. Two months ago, I started working as and IBD analyst at one of the top 3 IB banks in their NYC HQ. However, I managed to get (what I believe is) a better job opportunity for me in the meantime and now I am thinking about quitting the IB to join the other company. Honestly, the work I have now is not so bad, but I feel like it's not for me in the long term (the hours, culture, some parts of the work...), whether the other opportunity feels quite perfect. If I had it three months ago I would choose it over my current

25 Jul 2017

S/o to the Quants out there. Anyone have any idea what the math portion will consist of? EV, Probability, die, cards questions, maybe brainteasers? Also curious on the 2 programming ones, would it be just 2 Leetcode mediums, any Leetcode Hards? Good luck.

01 Jul 2020

I am currently going to be working as an Investment Management Sophmore summer analyst this summer at GS, and I was wondering if anyone could provide some insight surrounding the feasibility of transferring into IBD for next summer. Would it be just as difficult as someone who was not already working at the firm? Since applications are released during my internship in July, would it look poorly for me to switch divisions at such a time? Thanks in advance!

15 May 2020

I know this site obsesses over GS/JPM/MS a lot, but how much "better" are they compared to other BBs (C/CS/BARC/BAML/UBS/DB) on the street regarding (1) culture (2) workload (3) pay (4) structure? Is the difference just blown out of proportion on this site, or are the banks actually a lot more similar than people like to describe? I've heard mixed reviews, where some say it's night and day, others who say most banks give similar experiences. Minus prestige, are "lower-tier" banks really that different from "mid-tier" and "top" banks? Would love to hear from anyone who has experienced both

25 Oct 2020

This via Marty Chavez, Goldman Sachs's incoming CFO. What are your thoughts? [quote]TechnologyReview.com: At its height back in 2000, the U.S. cash equities trading desk at Goldman Sachs's New York headquarters employed 600 traders, buying and selling stock on the orders of the investment bank's large clients. Today there are just two equity traders left. Automated trading programs have taken over the rest of the work, supported by 200 computer engineers. Marty Chavez, the company's deputy chief financial officer and former chief information officer, explained all this to attendees at a

15 Feb 2017

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

Hi all, This entertaining post is for the history and financial history monkeys out there. What is your favorite financier of the past and why? Most of us have read about the Weinbergs and Rohatyns of the past but I'd like to hear about the less known but equally inspiring figures of the 20th century and older. Cheers! Torero

03 Feb 2018

Hello everybody LET'S GO BABY, GOLDMAN HERE WE COME!!

31 Mar 2021

Could somebody please make a bulleted list of all of the bulge bracket banks and include the core competencies for each bank at what they're best at? This would be to everyone's benefit who wants to learn the "scoop" on each of the big players

30 Jul 2018

Hi All, I'm new to this site, but wanted to get commentary from likeminded people about whether or not to pursue an MBA. My rule of thumb is that it's only worth consideration from a T-20 program, especially if an employer or grants aren't paying for it. Yet, with a six-figure price tag will it really make or break your career? I'm of the opinion that there's a surplus of MBAs out there. The cost will go up since foreign students paying international tuition rates are becoming less intrigued by the prospects of studying/living/working in the U.S. Given recent wage inflation, I wouldn't be

23 Mar 2018