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Hedging Your Bonus
I had to stop and think about this one for a few minutes. Eric Dash wrote this piece for Dealbook outlining how partners at Goldman Sachs (among other banks) have been hedging the non-cash portions of their bonuses since 2007. On the surface, it looks like an attempt to circumvent the "safeguards"...
GS IBD or Bain to build PE Resume
Hi all, I'm looking to go into PE . Interviewed with Blackstone , Bain Cap and a few smaller PE firms this recruiting season, but did not get any offers. I did get summer offers from GS ibanking and Bain. Which offer do you think gives me the best chance of getting a PE job next recruiting season?...
JPMAM vs CSAM vs GS Equity Research vs UBS FICC Research
Would you please rank them based on career prospect, salary, reputations, etc? If you don't like ranking positions, please give me the pros/cons for if you have any. JPMAM is for their equities division, CSAM is for alternative investments (both FOF and not) Thank you so much for your help!!!
Does Facebook Hate Goldman?
Paul Kedrosky was interviewed about the Facebook-Goldman debacle last week, and he had some pretty funny stuff to say about it. There's definitely some seller's remorse over at Casa Zuckerberg, as the new rash of fleas has him wondering exactly what breed of dog he chose to lay down with. As...
Gladwell's Quarterback Problem in Finance
To me, Gladwell is one of few authors where i can sit down and read his works for hours on end, and I thought i would share one piece with you fellow monkeys. It is about the quarterback problem. More specifically, how any measure we have of determining how well a college qb will fare in the NFL...
Back Office (BO) Product Control Finance - Salary after X years? (long-term)
I am about to take a full time job working in product control (finance - back office ) at Goldman Sachs and I was wondering how the salary progression will be like several years down the road. Irrelevant, but I took this position instead of a full time Audit position with E&Y (I don't want to get my...
Bank CEOs To Guarantee Compliance?
Who's ready to watch Lloyd Blankfein pinky swear that Goldman Sachs will do no evil? That's what's in store for investment bank CEOs if the Financial Stability Oversight Council has their way. In a proposal released this week, the FSOC is floating the notion that bank CEOs should have to publicly...
Submitting online to GS
Hi, I am submitting my resume to Goldman Sachs tonight for their recently posted "Summer 2012 Veterans Internship." Can anyone provide me with information on what the details of this internship might be, what areas will interns work in, what level of responsibility, etc? Also, all the GS hiring...
Morgan Stanley to lead Facebook IPO?
What do you guys think? A slap in GS and JPM's face? From Bloomberg: Facebook Inc., the world’s largest social-networking service, chose Morgan Stanley to take the lead on its planned initial public offering, according to three people with knowledge of the matter. Morgan Stanley, the New...
Goldman Going Down
As I have mentioned before, I am the sort of guy who roots for the bad guys in the movies. But even I have my standards. With their latest stunt, the Blankfiends are reaching a level of grime even I can't throw my lock picking kit behind. On the bright side, somebody in Goldman's PR department has...
Goldman Sachs Revenue Internship
On my university careerservices site there is an internship from Goldman Sachs with the title: Goldman Sachs Revenue Summer Analyst I wanted to know what is the job discription of this as i do not see a specific division that this could fall under and i do not see it on the Goldman Sachs website...
Anyone with miitary experience looking for a summer internship?
Goldman Sachs Veterans Internship Program 2012 http://www2.goldmansachs.com/a/data/jobs/15670.ht… Location: New York Basic Qualifications • Bachelors Degree • At least one year of active or reserve military service Hope it helps out some of you monkeys.
Shorting Zuckerberg
Ahhh, Facebook. Perhaps the biggest thing ever made since sliced bread. I’m on it, you’re on it, we’re all on it. With over half a billion active users worldwide, it’s become more popular than porn and has a lifted an awkward, freckled, little nerd (obvious envy seeping) to the Forbes list,...
25 weirdest interview questions
I haven't seen anybody else post this, so here is an article my buddy just showed me on the top 25 weirdest interview questions of 2010. 25 Weirdest Interview Questions of 2010
Goldman Values Facebook at $50 billion, Digital Sky Technologies Makes 400% on its Investment Since 2009!
The New York Times announced today that Goldman Sachs and Russian Investor Digital Sky Technologies are investing $500 million into Facebook at a valuation of $50 billion. According to Second Market, some private investors have bid up the Company's shares to imply a value of $56 billion. This bid...
Apartment Sublet in SoHo
Hi all! So I currently live in NYC , but recently accepted an offer out of state. Unfortunately, I still have 7 months left on my lease, so I'm looking to sublet it out. Here's the basics: REAL 2 bed / 1 bath (rent is for one of the bedrooms. Roommate is early/mid 20s at a major bank) PRIME location...
David Tepper Personally Earns $4 Billion for 2009 Performance
David Tepper grew up in a middle class neighborhood in Pittsburgh, PA. He became interested in the stock market after observing his dad, an accountant, trade stocks during the day. Following high school, he enrolled in the University of Pittsburgh, where he excelled. After Tepper graduated with a...
Recognition of IE Business School at Top IB's?
Hi everyone, I need some help. I have to decide within 48 hours whether to start next week in Madrid at IE Business School in the Master in Advanced Finance programme. I have also been awarded a large scholarship (18000 Euros) so I need only to pay half the tuition fees. HOWEVER(!!) I have also...
GS Structure Clarification
Hey all, I'm preparing for first-round SA interviews next week and have one with GS . I've commonly heard that GS doesn't have product groups and all types of work (M&A, all types of financing, etc), are done within the industry groups. However on their website it seems like they are organized by...
Public Sector and Infrastructure (PSI) & Financial Sponsors (FSG) IBD at GS: Any Insights?
The primary group I've been in contact with at GS has been FIG since that's where I best saw myself and what my top preference is right now. An associate I spoke with in Industrials earlier in the week said I should take a look at PSI or FSG as my personal reasoning for FIG could apply to those as...
Insight into GS Securities Final Round London
Hi guys, Has anyone here done a GS Securities final round for a SA position in London? How is it structured? Because I've heard there's no assessment centre. Senior or Junior people, very technical or more of why goldman questions? etc... Any insight would be much appreciated..
Goldman Sachs o' Beat
Have you guys seen this?
Goldman Legal Analyst
Just got an interview for Goldman Sachs Legal Analyst in NYC . It's on Monday. Anybody have suggestions for how to prep/ what sorts of questions I might be asked during? I will honestly do absolutely anything to get this job. Thanks all, really appreciate any help.
Does Goldman Sachs only give out one offer across regions?
For summer analysts in general, does HR from the different locations work together and decide on giving out only one offer? I have interviewed with HK and Beijing, but also applied to NYC . From my impression from the interviews, it seems like they all ask about my location preferences for HR...
Wall Street Mentors Presents: Scott Morris on the Interviewing Process at Goldman Sachs
Chris Carey of Wall Street Mentors sits down with the Scott Morris to discuss the interviewing process and what he qualities he would look for in candidates. Scott is the former CEO of the Boston Options Exchange and Managing Director at Goldman Sachs. Scott is the author of Polished , which is a...
A New Witch Hunt...or is it?
After three plus years of snooping around, it seems that the Federal government is ready to blow the lid off insider trading wink-and-nudge practices at some of Wall Street's biggest name institutions. The key surrounds passing of nonpublic information by independent analysts and consultants who...
Goldman Sachs Promotes Record # of Managing Directors!
Today, Goldman Sachs appointed 321 Managing Directors, all one level below Partner. This number is sharply higher than the 272 in 2009 and 259 in 2008. Yesterday, 110 MDs were appointed to Partner, a highly coveted role. Twenty four percent of the MD promotions consisted of women, the highest...
The populist inquisition
I realize that the hatred for Goldman and Wall Street is still seething but this is getting absurd. Tony Manfred, a senior at Cornell and Associate Editor of The Cornell Daily Sun, threw a 784 word hissy fit bashing the bank and added: [quote]“The bank, along with the rest of corporate America,...
GS FT 2012 Non-Target Offers?
Just wanted to get a feel to see if anyone from a non-target got any FT offers for the GS new analyst 2012 program (specifically NY)? When were your interviews? I go to a non-target and interned full time at GS for 7 months got an offer from my division but rejected it since I wanted to work in a...
Goldman Sachs Info Session Rejection
So Goldman Sachs held an "invitation only" on campus information session and they rejected me (or said that they didn't have room for all interested people, basically a rejection). Of course I will reassess and try to improve my resume, but with deadlines for the bb banks right around the corner,...
Quantitative Easing 101
The Ben Bernank’s second dose of quantitative easing has been this month’s hot topic on Wall Street, with countless luminaries from across the globe flooding the internet, television, and even radio waves to voice their opinions on the matter. Some of it was praise and adulation for the Ben...
Offer from GS GIR
It looks like I've got an offer coming for an equity research position at Goldman Sachs . It's fairly junior but I'd be on the fast track to rise through the ranks (I have a PhD with no finance experience and they're going to give me a lot of training). Not sure if this is the right place to ask...
Goldman's Intern & Interview Toolkit
I was writing about KKR ’s sweet HCA exit but found this and thought that the monkeys here; particularly the interns and those still on the jobhunt, would appreciate this a little more instead. Presumably in preparation for another barrage of intern apps, (or to minimize the screw ups) Goldman...
Goldman AM Controller Vs. E&Y Capital Markets Advisory
I really need your input. I'm an international student, a junior, at a non-target school that had an audit internship at a big 4 firm for the summer and a BB in financial control, BO derivative trade support, right now, till april. Next summer, a BB (Goldman) offered me a position in their Asset...
So what about Timmy?
Today is undoubtedly Benny Bernanke’s day. He knew it when he woke up this morning; you and I knew it when the markets soared. Slapping on his white three-fingered gloves and donning his wizard hat, Benny climbed on top of his tower and with a single flick of his magic wand, sent markets worldwide...
140.6 Miles of Swimming, Biking, and Running - No Training
Monkeys, the bar has been raised once again. Brian Kuritzky is a 24 year old securities analyst at Goldman Sachs . Three weeks ago, he placed a seemingly impossible bet with several of his colleagues - that he could complete an Ironman Triathlon in under 16 hours, with zero training. That's straight...
U.S. Goes to Bat for Goldman's Black Box
Federal prosecutors have filed an unusual request in the case against former Goldman Sachs programmer Sergey Aleynikov - they want the courtroom cleared. As in, no outside witnesses. No press, no gallery, and they've also requested that all records of the trial be sealed. The bar for clearing a...
Goldman Sachs Sophomore
Anyone here intern as a sophomore at GS IBD? Wondering how the process is like, how competitive, etc. Sophomores who interned at other BBs , feel free to weigh in as well.
Jim Rogers on China and BofA
Some days I feel like ranting about markets, some days I let other do my dirty work. Since I don't have the funds that Jim Rogers does, I can cash the ego bonus of him echoing my sentiments on a few key issues. The only bad thing about what is shaping up to be a beautiful day, is that I can't embed...
Big Week for Bank Earnings
We've got a big week for earnings this week, guys. Bank of America , Citigroup , Goldman Sachs , Morgan Stanley , and Wells Fargo all report this week. In fact, we're only a couple hours away from Citigroup's release and, the way the pre-open futures are backing off, it might not look very good....
Goldman Sachs - Final status
I finished my superday at GS last Tuesday and did not receive a call right after. I just received an email saying: "As an update, we expect to communicate your final status with Global Investment Research Salt Lake City on Wednesday. Thank you for your patience." Did I not get the job?
How is it living on Campus ? Also, is it worth me transferring.
Ok, I'm really debating on transferring to a schools main campus, but I will have to postpone graduation by a year. Is it worth it? One is a top 20 school in CS and don't know about Math; the other isn't even ranked( :( ), I would be majoring in Mathematics with Computer Science. The reason for...
Monty09: The WSO Interview
Good morning, all. Today I have something special for you guys. For those of you who don't know him, monty09 is one of our best known and respected members here at WSO. He has provided countless hours of insight into the energy business and helped many aspiring monkeys along their jungle safari. In...
What is corporate "culture"? An insider's take...
In Vanity Fair’s latest expose on Goldman Sachs, Lloyd Blankfein cites Goldman’s “culture” as the compass that allowed the firm to navigate the financial storm of 2008. At every i-bank on-campus presentation the firm representative at the front of the room will harp on the incredible...
Finance: not so “attractive” anymore?
Universum, an employer branding company, has released its world's most attractive employers list and investment banks barely made it to the top 10. The fairest of them all was Google, followed by KPMG and Ernst & Young in 2nd and 3rd while investment banks JP Morgan and Goldman Sachs rounded up the...
Tumbleweeds in Trader Town
A funny thing happened on the way to the forum today. I got a call from a successful trader friend. What made the call strange is that it happened during market hours, actually almost at the opening bell. My buddy is not only unreachable during these hours, he definitely does not want to be...
GS Merchant Bank Question
does anyone know if GS's merchant bank recruits undergrads? If so, how many do they usually take a year? How are their interviews compared to IBD ect? Thanks Check out another thread of about GS Merchant Banking on WSO .
MS HK vs GS SF for SA 2012
Want some opinions on which office is more prestigious. Ultimately I want to move onto the buy-side to something like PE in the US or VC in China. Side question: I can't seem to be able to think of an answer to "Why Barclays?" :(
GS Global Investment Research
I've got an interview for a 2nd-year analyst position at Goldman Sachs GIR. Anyone have info on culture/environment/hours/prestige there? I know equity research isn't exactly GS 's bread and butter, but just wondering if anyone has some experience there. Also, since GIR isn't your typical revenue...
Major Slowdown on Wall Street
Yesterday's New York Times ran a piece on the Wall Street slowdown that is getting a lot of attention. The less than rosy picture painted by the article addressed the elephant in the room for many investment banks - deal flow has dropped off significantly and the death of prop trading is going to...
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