Goldman Sachs - Crunchbase Investor Profile & Investments (2024)

FAQs

What is a good answer for why Goldman Sachs? ›

To answer "Why Goldman Sachs?" in an interview, you should respond by saying that Goldman Sachs is a legendary financial industry global leader that offers services to some of the world's most important governments, corporations, and institutions.

Both banks generate a sizable portion of revenues from market-making. However, Goldman Sachs is more dependent on such business. JPMorgan's revenue streams are a bit more diversified. Both have a sizable investment banking business, which brought in $9 billion in revenue in 2020 for each company.

Goldman Sachs is one of the oldest and most prestigious investment banks on Wall Street. With hundreds or thousands of applicants for every job opening, getting into this company is notoriously hard.

Interviews at Goldman Sach are quite similar to other good tech companies. It is not that difficult to crack. The interviewer only checks that you have the skills to solve challenges.

What makes you unique? To succeed at the interview, you need to be extremely ambitious. You need to be competitive and you have to be able to show you can make a positive difference to their team. Goldman Sachs is a brilliant organization that wants to employ the best – show them you have what it takes to be brilliant!

Goldman Sachs & Co.

Goldman Sachs is widely known as the most prestigious investment bank on Wall Street. The bank's interns receive phenomenal training, hands-on experience, and the opportunity to rotate across many groups and desks.

What Are the Big 4 Investment Banks? The big four are JPMorgan, Goldman Sachs, Citigroup, and Morgan Stanley. Some other global giants are treading right on their heels, including Deutsche Bank, Barclays, Credit Suisse, and UBS.

Goldman Sachs: The Most Prestigious Firm to Work for in 2022

This is true for the prestige rankings as 47 of the 50 institutions ranked last year return this year as well.

Bagging a job at Goldman Sachs (GS)' is a phenomenon rarer than receiving an acceptance letter from Harvard University. During a presentation in Miami Tuesday, the investing giant reported that roughly 3% of its applicants, or 9,700 out of 313,000, secured a position in 2015.

Is Goldman harder to get into than Harvard? ›

It's harder to get hired by Goldman than to get into Harvard. CEO David Solomon says 3,500 workers start this week.

While that rate makes Goldman more selective than top US universities like Harvard and Yale, the odds of getting a job at the vaunted investment bank are still a lot higher than at big tech companies like Google, which hires only 7,000 out of 3 million yearly applicants.

Overall, we believe Morgan Stanley edges out Goldman Sachs with its better performance in 2022 compared to Goldman Sachs as well as a higher volume growth track record and superior revenue as % of volume.

Among the revelations is the fact that every open job at the bank receives 300 applicants, a number suggesting that the average person applying to work at the bank has only a 0.33% chance of being successful.

The average age at Goldman Sachs is 28: youthful promotions are an inevitability. Meanwhile, Goldman's giant MD class, which is skewed towards trading, has a message of its own: that Goldman has promoted so many people suggests it's working hard to retain them after a difficult year.

The analysts rated their job satisfaction as two out of 10 and said they were unlikely to stay at Goldman in six months if working conditions remained the same. In addition to the long hours, the analysts cited unrealistic deadlines, being ignored in meetings and micromanagement as major sources of stress.

You will have to appear for 5 to 6 rounds in the Goldman Sachs interview process, including: Online or the Hackerrank round. Coderpad round. Telephonic round.

Usually 3.6/3.7+.

What does Goldman Sachs look for in a candidate? ›

As a purpose-driven firm, Goldman Sachs looks for people who share its commitment to making things possible and positively impacting the clients, businesses and communities, she added.

The highest-paying job at Goldman Sachs is a Managing Partner with a salary of ₹268.0 Lakhs per year. The top 10% of employees earn more than ₹40 lakhs per year. The top 1% earn more than a whopping ₹100 lakhs per year.

Goldman Sachs is generally regarded as the leading investment bank in most business areas, and is the toughest Bulge Bracket investment bank to break into. Goldman has a very strong reputation within the industry and among corporations. They advise on the majority of high profile M&A deals and other major transactions.

A tier 1 investment bank has massive financial strength. The four major banks of the US, namely JPMorgan, Bank of America, Wells Fargo and Citigroup, are the tier 1 banks in terms of their valuation, asset holding, revenue and net income.

Bankers continue to regard Goldman Sachs as the world's most prestigious bank, followed (as always) by Morgan Stanley and JP Morgan. Credit Suisse and UBS lost the most ground in 2022 while LionTree Advisors' reputation improved the most in the eyes of bankers.

Commitment to Client Service. For more than 150 years, a culture of teamwork and client service has defined our firm. Today, nearly 40,000 Goldman Sachs colleagues work together to serve our clients and communities around the world, building upon a rich history of innovative ideas from extraordinary people.

Among investment banks, Goldman Sachs picked undergraduates most heavily from nearby New York University. Goldman Sachs prefers Ivy League schools, with Cornell, Harvard, and Columbia ranking third through fifth among employees with bachelor's degrees.

Last year, the average analyst bonus was $95,000, while those at the vice president level got an average bonus of more than $500,000. The bonus bummer comes just a week after Goldman cut 3,200 employees from its ranks.

What company is harder to get into then Harvard? ›

Having Harvard on a CV opens up a lot of doors—and it's the same with Blinkist. A company rapidly on the rise, being built by some of the world's smartest people. The Blinkist app gathers the key insights from over 5,500—and counting—of the world's best nonfiction books into snappy 15-minute reads and listens.

If you want to work for an investment bank, big accounting firm, or elite consulting company, then you're going to need a high GPA. For example, Goldman Sachs, Deloitte, McKinsey and many others are known to reject applicants solely based on having a GPA lower than 3.5.

The structure of Goldman Sachs is best exemplified by its career advancement process. Recruits start as Analysts and are then promoted to Associate, Executive Director/Vice President, and occasionally, Managing Director.

In truth, you need close to a 4.0 unweighted GPA to get into Harvard. That means nearly straight As in every class.

A college degree is getting so expensive that it might not be worth the money anymore. At least that's what Goldman Sachs (GS) thinks. Many students are better off not going to mediocre colleges -- ones that rank in the bottom 25% of all universities -- Goldman says in a new report.

Goldman Sachs Salary FAQs

What is the highest salary at Goldman Sachs? The highest-paying job at Goldman Sachs is a Product Manager with a salary of ₹26,00,000 per year. What is the lowest salary at Goldman Sachs? The lowest-paying job at Goldman Sachs is a Fraud Specialist with a salary of ₹4,50,000 per year.

Goldman Sachs scored higher in 3 areas: Overall Rating, Senior Management and Career Opportunities. Amazon scored higher in 4 areas: Diversity & Inclusion, Work-life balance, Compensation & Benefits and CEO Approval. Both tied in 3 areas: Culture & Values, Recommend to a friend and Positive Business Outlook.

BAY AREA SCHOOLS DOMINATE

In perhaps the least surprising news from the study, Stanford University has the highest number of alumni (16,326) who have been employed at top tech destinations such as Google, Amazon, and Apple. University of California Berkeley, just across the Bay, is a close second with 16,124.

What is a good answer for why investment banking? ›

Investment banking offers the opportunity to become an expert at building large, complex financial models at the earliest stage of your career. While bankers aren't necessarily great investors, they do spend a lot of time on valuation work, and this can be an excellent way to start your career.

Talk about the banking industry

Try to be specific about the position and company you're interested in, such as being intrigued by the opportunity to travel for work or collaborate with well-known industry leaders at the company. Many people pursue a career in banking because of the perks these roles can offer.

Goldman Sachs Interview Preparation

Know your strengths and weaknesses, as well as whatever experiences and skills, make you a good fit for the position. Consider creating examples that will help you stand out from the crowd.