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Table of contents
1.
Introduction🥸
2.
Who is Business Analyst? 👨🏻‍🔬
3.
Salary And Perks 💸
3.1.
Perks
4.
Skills Required 💻
5.
Eligibility Criteria 🧋
5.1.
Technical Background
5.2.
Basic Qualifications
6.
Responsibility of a Business Analyst 🤷‍♀️
7.
Career Path of a Business Analyst🎓
8.
How To Apply?
9.
Resources For Preparation
9.1.
Interview Resources
9.2.
Coding Resources
9.3.
Aptitude Resources
9.4.
Requirement Engineering Resources
9.5.
Process Modeling Resources
10.
Frequently Asked Questions
10.1.
What is Goldman Sachs?
10.2.
Who is a business analyst?
10.3.
What is the work culture of Goldman Sachs like?
10.4.
What is the role of a business analyst at Goldman Sachs?
10.5.
How many rounds are there for the business analyst interview at Goldman Sachs?
11.
Conclusion
Last Updated: Mar 27, 2024

Business Analyst at Goldman Sachs

Create a resume that lands you SDE interviews at MAANG
Speaker
Anubhav Sinha
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12 Jun, 2024 @ 01:30 PM

Introduction🥸

Do you want a job as a business analyst at Goldman Sachs? Yay! 🙌 you are at the right place.

Goldman Sachs is a global leading financial institution that provides financial services across investment banking, investment management, securities, and customer banking to a diversified and extensive client base that includes corporations, governments, and individual and financial institutes. The headquarter of Goldman Sachs is in New York. The company aims to advance economic opportunity and sustainable economic growth worldwide. 


Business Analyst at Goldman Sachs

Goldman Sachs mobilizes their people and resources to increase the success of its clients, accelerate economic progress, and broaden individual prosperity.

In this blog, we will go through one of the roles of a business analyst at Goldman Sachs.

Are you ready❓

Who is Business Analyst? 👨🏻‍🔬

Who is Business Analyst?

A business analyst processes, interpret, and documents business processes, services, software, and products through data analysis. To ensure that the business efficiency increases through the knowledge of both business function and IT(Information Technology) is the role of the business analyst. 

Analysts of Goldman Sachs participate by researching the company's financials. They work to determine the company's value and price the stock accordingly. Business analysts are responsible for bridging business and IT using data analytics.

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Salary And Perks 💸

Salary And Perks

Average Annual Salary

₹ 14,86,410 per year

Estimated Take-Home Salary

₹ 1,02,740 - ₹ 1,05,550/month


The salary figures mentioned above are subject to change.

Perks

Insurance, health, and wellness category

  • Health care and insurance 
  • Life insurance
  • Disability insurance


Financial and retirement category

  • Bonus based on performance
  • Stock option for equity


Family and parenting category

  • Paternity and maternity leave
  • Work from home
  • Childcare
  • Reduced work hours
  • Unpaid extended leave


Time off and vacation category

  • Vacation and paid time off
  • Sick leave
  • Bereavement leave

Skills Required 💻

Skills Required

Business analysts should have the ability to give substantial attention to details. They should have various skills, including problem-solving, communication, computer, critical thinking, mathematics, and writing skills.

Other skills that a business analyst should have are -

  • Written and oral communication skills
  • Consultative and interpersonal skills
  • Analytical thinking 
  • Facilitation skills
  • Organizational skills
  • Knowledge of business structure costs benefits analysis
  • Stakeholder analysis
  • Knowledge of requirements engineering
  • Processes modeling
  • Understanding of networks, databases, and other technology

Eligibility Criteria 🧋

This section will discuss the eligibility criteria for a business analyst at Goldman Sachs.

Eligibility Criteria

Technical Background

You must possess the following degree if you are from a technical background.

  • B.E
  • B.Tech/M.Tech
  • B.Sc./M.Sc.
  • B.Com/M.Com (With IT-related experience)

Basic Qualifications

  • Master's degree in economics, finance, accounting, or related field.
  • Minimum six months of experience in buy-side/sell-side research.
  • Strong communication, analytical and interpersonal skills.
  • Complete understanding of Microsoft Office products, utilities, and tools for business use.

Responsibility of a Business Analyst 🤷‍♀️

Responsibility of a Business Analyst

The responsibilities of the business analyst at Goldman Sachs include extensive knowledge of financial analysis, forecasting, and budgeting. They should also clearly understand regulatory and reporting requirements, performance indicators, and success factors.

Below given are some of the responsibilities of a business analyst at Goldman Sachs-

  • The ability to analyze data models to deliver a logical conclusion.
     
  • Being proficient in inventing the systems and processes needed to implement changes.
     
  • A business analyst's primary role is to develop innovative solutions for strategic and operational changes.
     
  • Should be competent in writing reports and making presentations to highlight the effect of changes you made.
     
  • Conducting surveys, tests, and workshops will be part of the business analyst's daily activity.

Career Path of a Business Analyst🎓

This section will go through the career path of becoming a Goldman Sachs business analyst. We have broken down the steps with bullet points.

  • Firstly earn your degree (finance, accounting, IT, etc.)
     
  • Get an entry-level job as a developer, quality assurance engineer, or industry expert. Any of the above will be considered a junior business analyst position. Securing this job will involve interviewing for a business analyst position.
     
  • Within a few years of employment, become a subject matter expert (SME).
     
  • Accumulate several years of hands-on work experience in the positions mentioned above.
     
  • Pursue certificates in business analyst-related courses to improve your skillset.
     
  • Now you can move to a senior position, for example, IT business analyst, product manager, or Senior/Lead business analyst.
     

Note: Most companies look for senior-level candidates and want to see an MBA or other related business degree.

How To Apply?

First, go to the  Goldman Sachs career website and then scroll down.

Goldman Sachs career website

Now select the 'search button' and apply the option under ‘professionals’.

Search and apply

Now click on the ‘search’ button, type for the role "Business Analyst," and hit the enter button.

Business Analyst

You can apply for any of the jobs you want to.

Jobs for Business Analyst

Hack: If you want the resulting job to be a business analyst, put it between the colon (“).

Jobs for Business Analyst

Resources For Preparation

Resources For Preparation

Here are the resources to help you prepare for your recruitment exam and interview.

Interview Resources

Coding Resources

Aptitude Resources

Requirement Engineering Resources

Process Modeling Resources

Frequently Asked Questions

What is Goldman Sachs?

Goldman Sachs is a global leading financial institution that provides financial services across investment banking, investment management, securities, and customer banking to a diversified and extensive client base that includes corporations, governments, and individual and financial institutes. 

Who is a business analyst?

A business analyst processes, interpret, and documents business processes, services, software, and products through data analysis. To ensure that the business efficiency increases through the knowledge of both business function and IT is the role of the business analyst.

What is the work culture of Goldman Sachs like?

The work culture of Goldman Sachs values teamwork, client services, and giving back to the communities they serve. They harbor ethical and honest management, giving way to transparency in its dealing.

What is the role of a business analyst at Goldman Sachs?

Analysts of Goldman Sachs participate by researching the company's financials. They work to determine the company's value and price the stock accordingly. Business analysts are responsible for bridging business and IT using data analytics.

How many rounds are there for the business analyst interview at Goldman Sachs?

There are two to four rounds for hiring a candidate during the Goldman recruitment process: the Online Assessment Test, Technical Interview, and HR Interview.

Conclusion

This blog covered about business analyst job at Goldman Sachs. We went through responsibilities as a business analyst with salary and perks, skills and experience required, a Career path as a business analyst at Goldman Sachs, and a roadmap to becoming a business analyst at Goldman Sachs and if you would like to learn more, check out our articles on 

 

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