Does anyone have experience working the Goldman Sachs Merchant Banking Division. I was wondering if anyone else has more information on how their summer analyst program is structured as well as culture and comp for the division.
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You have no shot. Carry on
elaborate.
For all the crybabies throwing monkeyshit, if you do not have an elite school on your CV and at least one top IB internship you won't even make it to interview. Once there it is a technical investing process, not like the basic IB interviews where you can simply memorise how to do a DCF
The problem with absolute statements like these is that even a single outlier renders your entire statement void. Do kids from elite schools and top internship have an advantage? Yes. But does that mean if you are not from an elite school or have a top internship, you have no shot? No. I personally know of 3 people from my semi-target school that got into GS MBD out of undergrad. 2 of them had a decent BB summer analyst position. The last one only had a market research internship, but ended up impressing the MBD MD the most in the interview.
This is not true. My friend works in this group and did not do IB.
If you want to learn about the culture, your best bet is a recent former employee or a candid current employee. Both can be found via LinkedIn.
Good luck!
This kid doesn't seem to know what he is talking about.
Just start networking with people in the group doing real estate asap and see what they tell you about the process. Sooner you get on the phone with them the better.
Who's usually running the recruiting process? Analysts? Associates?
until final round then you get MD's interviewing
bump
BUMP
Are they even running an MBD process this year? Don’t think they ran a Large formal process last summer. Like the above poster was trying to say, usually top quality kids, might see 1-3 sneak in as an SA or some at the analyst level. I spent 2 summers at GS and might have seen 3 MBD analysts across all groups.. as for RE PIA I’ve yet to see one summer analyst. I could be wrong
They ran it in the UK, I got to final round before getting the kick. You're right, small process and honestly not worth wasting an app if you have not got amazing grades, some very good EC's and good IBD internships
are all these responses regarding real estate or the growth equity aspect?
Where would I be able to find the list of transactions and deals GS has worked on? I don't see it on their website like how boutiques usually post it.
Thanks in advance
would anyone have any idea which offices GS MBD does their healthcare stuff out of, whether it be private equity or private debt or growth capital? I am going to be applying for a summer internship and my background is in healthcare and would not want to put dallas as a location choice if all they do there is RE. I am guessing dallas is unlikely for healthcare while NY and SF could have healthcare groups?
MBD Growth Equity has spots in NYC and HC is one of the verticals covered. Not sure about other locations.
Former EE.
HQ in NYC where all corporate funds (debt, mezz & equity) are housed and cover all product types / sectors. REPIA also HQ’ed there in addition to the Dallas office. REPIA, until recently, invested on behalf of a credit fund and the firm’s balance sheet (equity) primarily but is now moving back to a 3rd party fund structure. RE group also originated traditional senior debt through a JV with GS Bank (IB division’s Real Estate Financing Group) out of both offices and London.
To answer your question. GS growth has personnel in NYC and SF. The majority, for obvious reasons, reside at the latter location.
Dallas has a group under Merchant banking called SLG (Used to be under SSG but that got moved to MB). They hire interns and its still FO since you are investing capital yourself, but their recruiting efforts are concentrated locally.
Have worked with the PE (PIA) arm of MBD as a banker. Culturally they are the most stiff / conservative people I have ever come across. I’m pretty sure the MD we spent time with sleeps in his suit. OBSESSED with confidentiality and maintaining compliance (higher bar for them than most PE funds given the bank arm and brand) — got corrected by them for not using the project name (on our deal, mind you) while in a conference room with only GS and my team.
The rigor of their analysis is very impressive and they would easily go the extra mile in thinking through scenarios / growth opportunities / threats that no other buyers would. I imagine this translates to a ton of work for their juniors, but they did seem to take on new responsibilities fast as VPs carried a lot more of the water relative to other firms
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