Goldman Sachs | Guide

Published on 12 September 2024 at 10:00

Who are Goldman Sachs?

Goldman Sachs, established in 1869, is a prominent global firm specializing in investment banking, securities, and investment management. Serving a diverse range of clients, including corporations, financial institutions, governments, and individuals, Goldman Sachs offers an extensive array of financial services. While headquartered in New York, the firm operates offices in key financial hubs worldwide, such as London, Tokyo, and Paris.

What does Goldman Sachs do?

Goldman Sachs operates through a variety of divisions, each providing specialized services to clients:

 

Front Office(Revenue Generating)

  • Investment Banking: Provides advisory services, mergers & acquisitions, and capital raising for corporations, financial institutions, governments, and entrepreneurs.
  • Global Markets: Facilitates buying, selling, funding, and risk management of financial products for clients in equity, fixed income, and commodities
  • Asset Management: Manages investments across all major asset classes, providing solutions to institutional and individual clients.
  • Consumer and Wealth Management: Empowers high-net-worth individuals and retail clients to meet their financial goals through personal financial management and investing services.
  • Global Investment Research: Delivers research and insights in the equity, fixed income, currency, and commodities markets, helping clients make informed decisions.

 

Middle Office (Risk, Strategy, and Operational Support)

  • Risk: Identifies, monitors, evaluates, and manages the firm’s financial and non-financial risks in alignment with strategic objectives.
  • Corporate Treasury: Manages liquidity, funding, capital allocation, and financial resource strategies across the firm.
  • Controllers: Ensures compliance with financial and regulatory reporting requirements and manages global financial control.
  • Firmwide Strategy: Leads new business development initiatives, acquisitions, joint ventures, and strategic transactions for the firm’s growth.
  • Global Compliance: Protects the firm’s reputation by managing compliance and regulatory risks across all divisions.

 

Back Office (Operational and Support)

  • Operations: Facilitates trade processing, new product launches, and ensures smooth transaction settlements across global markets.
  • Engineering: Develops and deploys technological innovations to support and enhance the firm’s business processes.
  • Human Capital Management: Manages recruitment, development, and retention of the firm’s people, ensuring a strong workforce.
  • Corporate and Workplace Solutions: Increases operational efficiency by managing resources and solutions for Goldman Sachs’ employees.
  • Internal Audit: Provides oversight of internal controls, advising management on risk and control improvements.
  • Legal: Develops and implements legal strategies that guide the firm’s business activities, ensuring compliance and risk mitigation.
  • Conflicts Resolution Group: Addresses conflicts of interest across the firm’s roles and responsibilities, managing client sensitivities and reputational risks.
  • Executive Office: Oversees corporate strategy, communication, and leadership initiatives to drive the firm’s direction.
  • Tax: Manages the firm’s global tax obligations, ensuring compliance and efficient tax strategies.

Values

  • Client Service: With a focus on service, Goldman Sachs anticipates and adapts to the evolving needs of clients, providing innovative and tailored financial solutions.
  • Excellence: The firm continually strives for outstanding performance, aiming to deliver exceptional results for clients, shareholders, and the business itself.
  • Integrity: Upholding the highest ethical standards, Goldman Sachs fosters transparency and accountability in all decision-making, building a culture of trust and responsibility.
  • Partnership: Collaboration and inclusivity are at the heart of the company’s culture, encouraging diversity and teamwork while nurturing an entrepreneurial spirit for both professional and personal growth.

Application Process

Stage 1: Online Submission, CV and Cover Letter

 

Cover Letter:

Show why you would like this opportunity what you will gain from it?

Show why Goldman Sachs specifcally - do your research, but avoid statements such as: "Goldman Sachs is a repuatble bank..." Instead, focus on why it is important to you.

 

Note: For Spring Insight Programmes their is a 300 word limit for your cover letter.

Stage 2: Video Interview

 

This will take up to 30 minutes to complete and will focus on motivational, behavioural and commercial awareness, with 30 seconds to prepare and two minutes to answer each one.

Stage 3: Superday

 

Candidates who are successful at the video interview stage will be invited to a day of in-person interviews at a Goldman Sachs office. Typically having between two and five interviews depending on the division

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