New associates with an MBA or PhD in quantitative disciplines or several years of experience in business begin their careers at Goldman Sachs by participating in a ten-week induction and training program.
The introductory program covers a number of key topics critical to success:
- Immersion in Goldman Sachs' culture and history
- Introductions to the particular division into which you have been accepted
- Relationship and network building both within your training class and with professionals throughout the divisions and the firm globally
- Product-specific and function-specific skills development
During this period, you will also study for any professional exams required by your office, product or desk as well as spend a significant amount of time shadowing professionals on various desks. The program also includes portions of specialization both by product and by function.
The training will be intellectually demanding and will require much of your time during this period. It also will include a strong social aspect to start you on the road to building your network. After completion of the program, you will begin work on the particular desk to which you have been assigned.
The division provides a supportive and collaborative environment in which to develop your career. Our professionals and managers take joint responsibility for further professional development, and the division has a strong commitment to long-term ongoing training.
Finance-Specific Associate Roles
Within Finance, associates perform a wide variety of functions and take on responsibilities specific to the particular division. Below we have provided some examples of a typical associate experience across a number of divisions.
Within the Controllers (Funding) group, associates can expect to:
- Serve as the main point of contact and expertise on their respective Funding products
- Produce P&Ls for the funding business and discuss/reconcile these with the traders
- Produce and analyze daily balance sheet and liquidity snapshots for senior management
- Analyze the firm’s funding activities and external market conditions
Within Credit, associates can expect to:
- Benefit from a fast-paced environment that requires good judgment and fosters teamwork, responsibility and professional growth
- Work on multiple industry teams that mirror those of the Investment Banking division and/or product teams that are aligned with the Sales & Trading division
- Assess the fundamental business and financial profile of the firm's trading counterparties and recommend appropriate levels of risk
- Analyze the risks inherent in the products GS trades
- Coordinate with Sales & Trading, Legal, Operations and Compliance to ensure appropriate documentation and risk mitigants
- Monitor, manage and report exposures at a counterpart, product and portfolio level
- Directly advise Investment Banking and their clients on all matters relating to the credit rating agencies
- Evaluate the ratings implications of transactions including debt and equity offerings, M&A, LBOs, restructuring and share repurchases