Questions and Answers
Who are the senior executives of the firm?
Chairman and CEO = Lloyd C. Blankfein, President & COO = Gary D. Cohn.
What is the structure of the Financing Group?
Corporate Derivatives, FIG Financing, Investment Grade Syndicate, Real Estate Financing Group, ECM, Leveraged Finance Capital Markets.
Why are you interested in working in Leveraged Finance?
In line with academic interests, fast-paced environment, direct application of market changes, and the ability to see concrete results.
What questions do you have for me?
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Why are you interested in Goldman Sachs?
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Why investment banking?
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What have you learned during your time at college outside of academia that will help you succeed and contribute to this company?
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Tell me about yourself.
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What current events have you been following that really impact macroeconomic trends?
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What is something you have done that benefits the community and neighborhood the most?
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Why should I hire you?
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Name a time where you handled a difficult client?
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What would you do if given $X to handle?
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Why do you want this job?
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How did you deal with it when someone from your team disagreed with your idea?
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Are you comfortable in making cold calls and prospecting for new clients?
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How to replicate a Russell 3000 index with 300 stocks?
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What's your favorite company/stock right now? (give answer) okay, now describe their balance sheet.
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Build a portfolio with 8% return and a VAR X.
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What has the market been like over the past year?
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Tell me a time that you had conflict with your team member.
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Tell me about a time you failed/overcame adversities.
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What are your strengths and weaknesses?
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Work with a difficult coworker?
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Multiple time-sensitive problems due?
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Situation where you are out of your element?
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Tell me about a difficult situation.
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What questions do you have for me?
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Tell me about your leadership experience?
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What are some key deliverables you've had within your major?
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What was a project you struggled on academically?
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Why did you choose this firm over competitors?
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Tell me of a time you showed leadership skills?
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Tell me of a time you were a team player?
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Tell me about a recent crisis you handled?
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Tell me about a time you took the initiative to start something?
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Give me a time where you influenced or persuaded a group?
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What type of work do you like to do best?
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Which accomplishments have given you the greatest satisfaction?
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What experiences/skills do you feel are particularly transferable to our organization?
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What is investment banking? What does an investment banker do?
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Tell me about the oil crisis.
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What does the Global Macro Fixed Income team do?
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What does Goldman Sachs do?
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What does global macro trading strategies in G20 rates and FX entail?
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Why should I hire you?
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Talk about your experience at ACN?
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Talk about your experience at GE Oil & Gas?
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Study Notes
Interest in Goldman Sachs
- Resilience shown during financial crisis demonstrates confidence in company values.
- Notable collegiate environment, with significant analyst responsibilities.
- Conversations with professionals like Mike Tarulli (CFA) and others confirmed alignment with academic interests.
Investment Banking Motivation
- Academic focus on International Political Economy (IPE) enhances understanding of market impacts from geopolitical events.
- Investment banking provides a role at the core of global financial activities.
- Fast-paced environment facilitates development of quantitative skills and direct business outcomes.
College Experience and Skills
- Initiative taken through involvement with student organizations.
- Professional communication skills honed through interactions with professors and clients.
- Leadership experience emphasized the importance of delegation and teamwork.
Self-Presentation
- Growing up with a focus on effective self-presentation over mere intelligence.
- Experience in competitive public speaking contributes to confidence and social skills.
Current Events Impacting Macroeconomics
- ECB's $70B/month bond purchase expected to impact euro's strength and investment opportunities.
- Decline in oil prices under $50/barrel linked to U.S. fracking and market dynamics affecting inflation.
Community Involvement
- Initiated DREAM program at Penn to mentor underprivileged students, emphasizing educational opportunities.
- 180 DC involvement combines academic application with community service.
Qualities for Employment
- Offers more than just academic achievements; highlights interpersonal skills, ambition, and ability to learn quickly.
Client Relations
- Experience managing a skeptical client in the biopharmaceutical sector, focusing on collaborative problem-solving.
Conflict Resolution
- Demonstrated ability to navigate disagreements within team environments, such as in marketing simulations.
Comfort with Cold Calling
- Confident in conducting cold calls and prospecting activities through strong interpersonal skills.
Replicating Russell 3000 Index
- Can either randomize selections or categorize by industry to represent the index effectively.
Company and Industry Analysis
- Favorable sentiment towards technology stocks, citing companies like Salesforce.com due to market trends.
- Comprehensive examination of balance sheets, emphasizing strategic shifts and financial health indicators.
Market Overview
- S&P 500 shows steady growth; recent unemployment trends indicate improvement in the economy.
Leadership and Teamwork
- Various leadership roles established in organizations, focusing on community service and mentoring.
Lessons from Academic Challenges
- Overcame struggles in courses through utilizing available resources, reaffirming the importance of seeking help.
Competitive Advantage of Goldman Sachs
- Preference for the firm's established history and cultural fit regarding past financial crises and tech IPO underwritings.
Investment Banking Role
- Involves capital raising, M&A advisory, and extensive financial analysis, with day-to-day tasks centered around valuations and market assessments.
Oil Crisis Context
- High oil prices followed by a significant drop due to increased supply and moderating demand highlighted market fluctuations and economic implications.
Global Macro Fixed Income Role
- Fixed income focuses on stable return investments like bonds, involving a consultation approach rather than direct equity trading.
Firm Structure and Interests
- Goldman Sachs operates across various divisions, including Investment Banking and Financing Groups, with a focus on areas like Leveraged Finance.
Questions for Interviewers
- Inquires about women's presence in the workplace, career progression opportunities, and organizational culture.
Personal Reflection and Professional Growth
- Experiences detailing overcoming adversity, collaborative problem-solving, and initiative in leadership roles illustrate personal and professional development.
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Description
This quiz explores the motivations and experiences related to a career in investment banking, particularly within Goldman Sachs. It highlights the importance of academic background, professional communication, and leadership skills in the financial sector.