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Preparation for an interview with Goldman Sachs.

Extracts from this document...

Introduction

´╗┐Hi. I?m glad to have this chance to meet you and learn how an economics and business major can break into the IB industry. I want to be a 2008 full-time investment banking analyst for Goldman Sachs. With recruiting season approaching, I wanted to follow-up and ask you how I could best position myself for an interview with your firm. 1. ?Can you handle long hours?? ?Yes, I am excited about the job and I think it?s an opportunity for me to learn a lot. Working long hours is part of the job and the analyst role. I understand that the hours can be challenging at times, but I?m excited about what I will learn from investing the time.? 2. ?What if you had to pull an all-nighter?? A great answer here would be to say, ?Look, that?s the nature of the industry and if it?s something I?m called upon to do, I?m willing to do it. Am I going to be thrilled about pulling all-nighters regularly? Well, probably not. I would be lying to you if I told you I was, but I do believe working here is a tremendous opportunity.? 3. Why investment banking? Why do you want to work at our bank? In your response, highlight that investment banking is a very competitive and lucrative area, offering tremendous growth opportunities. Talk about the latest industry trends and how they impact businesses in the bank?s specialty. Talk about the opportunities presented recent mergers and acquisitions and the challenges due to by the sub prime crisis. Has Lehman Brothers responded appropriately? ...read more.

Middle

-Have you noticed any significant changes affecting GS since the economy started struggling? 18. What?s been the most difficult client issue that you?ve faced? 19. Do you consider post-[insert current job here] options and if so, what are they? 20. If I got this job, what advice could you give me to help me get off to a fast start? 21. If I were interested in (insert industry, geography, function here), how could I really get experience in that area? 22. What would you say are the most common mistakes that new hires make? 23. Which project has been the most (challenging/exciting/engaging) for you? 24. How has the merger with such-and-such firm gone?? ?How has the role of private equity changed since the financial crisis?? ?Do you foresee a surge in M&A activity in any of the industries you work with? 25. What attracted you to a career in investment banking? 26. Investment banking is notorious for being male-dominated ? did this reputation concern you before you applied to GS? How have you found the atmosphere since joining the bank? 27. How does GS encourage female students to apply to the bank, and promote their progression once they arrive? 28. What advice would you give to female students considering a career in investment banking? 29. 1. What is a typical day or week on the job like? What are the daily responsibilities of your job, and what percentage of your time is spent doing what? What kinds of decisions do you make? What are some of the typical problems you deal with? 2. ...read more.

Conclusion

6. Is there a formal mentoring program for new analysts/associates? 7. If I?m a CEO, why would I choose your firm to take my company public? Medium 1. Beyond the league tables, what differentiates your firm from other firms? 2. How is an analyst/associate assigned from the generalist pool to a project? 3. How long does it take most people here to become managing directors? 4. Can one request specific teams, industries, or product groups? 5. How well do the firm?s different divisions work together? 6. What?s the path? Are there specific benchmarks you have to hit? 7. What are the firm?s biggest challenges and opportunities in the next 2 years? 8. What aspect of your job do you find most frustrating? Well Done 1. How has increased consolidation in the industry affected your firm, both positively and negatively? 2. If the company has merged: What new business has resulted from the merger? How well have the two cultures mixed? 3. How would your firm fare relative to the competition if interest rates suddenly skyrocketed? If oil prices plummeted? (Or whatever else you can think of along these lines, to help you gauge how prepared the firm is for future possibilities.) 4. If the company has not merged: Do you think the company needs to acquire or merge with a competitor in the near future? 5. How committed is the firm to building its XYZ business? (Investment banks are known to eliminate entire departments when they underperform against expectations, and if you happen to work for one of those departments, that is not usually good news..) 6. What percentage of the managing directors are female or minority? ...read more.

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