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Introduction
Everybody has experienced the feeling of hearing about someone getting a job at Goldman Sachs, but now it's your turn. Numerous people aspire to work for Goldman Sachs, one of the most illustrious organizations with significant economic, social, and cultural influence and one of the most valued brands.
In this article, we'll talk about the job opportunities at Goldman Sachs. We will also go through the qualifications, the hiring procedure, and the skill sets that will enable you to land your dream job. A few resources are also given to aid you on your preparation journey.
About Goldman Sachs
American global investment bank and financial services provider Goldman Sachs is based in New York City.
The Goldman Sachs Group, Inc. was established in 1869 and had its main office at 200 West Street in Lower Manhattan. Regional offices are also in London, Warsaw, Bangalore, Hong Kong, Tokyo, and Salt Lake City. It is placed 59th on the Fortune 500 list of the most prominent American firms by total revenue and second on the list of investment banks in the world by revenue. The Financial Stability Board regards it as a systemically important financial institution.
Job Fields at Goldman Sachs
The following three fields are where Goldman Sachs primarily recruits:
Engineering
Finance
Global Investment Research
Engineering
According to Goldman Sachs' own careers website; there are presently 920 job opportunities at Goldman Sachs for engineers. Of the 2,080 positions available, these are about 44% of the total. A few examples of the kinds of job opportunities at Goldman Sachs that engineers hold
Quantitative Strategists: Quantitative strategists are at the forefront of Goldman Sachs' operations, using various analytical techniques to solve challenges in the real world.
Cyber Security: Cybersecurity analysts at Goldman Sachs are fighting on the front lines of this contemporary conflict. In this position, you will act as both an advisor and an engineer to safeguard their clients and our company's reputation.
Software Engineering: Join Goldman Sachs as a software engineer and use your expertise to assist the company to create the next generation of financial tools that will transform how their clients and internal teams conduct business.
Systems Engineering: Systems engineers work with the complex core of systems required to support and maintain corporate business operations.
Executive Office
The Executive Office is one of the important job opportunities at Goldman Sachs and is crucial in developing and implementing Goldman Sachs' business strategy and maintaining the company's unique culture. Maintaining the firm's relationships with alumni, clients, shareholders, policymakers, and the general public is their responsibility, as is making sure that their staff is aware of the firm's shifting goals. In accordance with the company's social and sustainability agendas, they also collaborate with the businesses to identify high-impact opportunities.
Firmwide Strategy
Develops, evaluates, and executes plans for new businesses and growth initiatives across the firm and leads strategic transactions for Goldman Sachs, including acquisitions, investments, and joint ventures.
Selection Criteria
Before filling in the details for job opportunities at Goldman Sachs we need to take care of the selection criteria. The selection criteria for Goldman Sachs are mentioned below for a fresher as well as experienced candidate:
Selection Criteria for Freshers
Percentage/CGPA in Class 10th
Minimum 60% or 6.0 CGPA
Percentage in Class 12th & Diploma
Minimum 60%
Percentage/CGPA in College Graduation
Minimum 60% or 6.0 CGPA
Completion of Graduation
2022
Allowed Gap
2 years maximum
Type of Graduation
Graduation and Post Graduation in ME, M.Tech, BE, B.Tech
Post for Fresher
Summer Internship
Stipend
INR 25000 or more per month (depending on your performance)
Location of the job
India
Backlogs and Arrears
No arrears in your graduation.
Selection Criteria for Experienced
Percentage/CGPA in Class 10th
Minimum 60% or 6.0 CGPA
Percentage in Class 12th & Diploma
Minimum 60%
Percentage/CGPA in College Graduation
Minimum 60% or 6.0 CGPA
Completion of Graduation
2022
Allowed Gap
2 years maximum
Type of Graduation
Graduation and Post Graduation in ME, M.Tech, BE, B.Tech
Post for Experienced
Summer Internship
Stipend
12 LPA (depending on your performance)
Location of the Job
India
Required Experience
Working Experience of fewer than 12 months.
Backlogs and Arrears
No arrears in your graduation.
Skills and Experiences Required
For all the above-mentioned types of job opportunities at Goldman Sachs, you need to have all those skills which are mentioned below:
Engineer
The engineers at Goldman Sachs are creative thinkers who develop solutions in a variety of fields, including risk management, big data, mobile, and more. They seek out creative colleagues that are flexible, open to change, and successful in a globalized, quick-paced atmosphere.
They are looking for candidates with the following computer science skills:
Strong foundations in databases and distributed systems
The creation and evaluation of algorithms
Implementation of run-time systems and programming languages
It would be advantageous to have knowledge of finance, stochastic calculus, and financial models.
Executive Office
They want individuals with great interpersonal, writing, and verbal communication, analytical and quantitative skills from all academic backgrounds. Being a self-starter, capable of reviewing and synthesizing information, and able to make autonomous judgments are equally vital.
Firmwide Strategy
You'll be assisting Goldman Sachs with its most important strategic prospects by working in the Firmwide Strategy. They look for candidates with good multitasking, analytical, quantitative, and technological abilities and experience who are interested in working in the financial services industry. Candidates for the Firmwide Strategy team should have excellent communication skills, be able to review and synthesize information and make their own independent decisions.
Job Opportunities at Goldman Sachs
Let's look at some of the job profiles you can apply for at Goldman Sachs:
Join Goldman Sachs as a software engineer and use your expertise to help them create the next generation of financial technologies that will transform how the clients and internal teams conduct business.
In order to address issues and produce precise, complicated, scalable applications that aid their business and clients in gaining new insights, they combine the greatest open source software, databases, cloud services, and programming languages. You, as a software engineer, are the change agents who, by putting your technical expertise to use, revolutionize Goldman Sachs.
Every day, software engineers write code, attend meetings, work with their peers, and solve issues with web applications and programs. Typically, they multitask while working on a project.
Innovate in a collaborative, agile atmosphere with UI/UX designers, full-stack engineers, data scientists, cloud engineers, and more. Your eagerness to take on new challenges and learn will be immediately noticed.
Systems engineers work with the complex core of systems required to support and maintain corporate business operations. You have the direct chance to design, develop, install, and own a range of systems as a systems engineer, ensuring the continuous operation of all of their business lines.
You will examine networks, storage, computation, big data, application messaging, public and private clouds, and more in this position. Their engineers tackle a wide range of complex issues, including developing their data architecture, putting public and private cloud-based solutions in place, and facilitating smooth, on-demand application scaling.
Join their team of systems engineers to develop enterprise-level code that is highly testable, resilient, and scalable in a range of programming languages.
A process coordinator is a person in charge of a certain area of a business process. He or she distributes information with everyone involved in the workflow and coordinates actions. Companies that work in information technology, construction, and project management frequently have employees in this administrative job.
Advanced computer proficiency, great written and verbal communication and sound decision-making abilities are prerequisites for this position. The center of the workflow is where process coordinators make decisions about what information to share and when. This has a significant effect on a process' productivity, overall effectiveness, and costs.
The dramatic increase in digital hazards has come to represent the 21st century. The security engineer at Goldman Sachs is fighting on the front lines of this contemporary conflict. In this position, you will serve as their firm's advisor and engineer while also defending the reputation of our clients. Software architects are among our cyber security specialists; they develop and implement solutions to monitor and manage cyber security risks. Security advisors have a thorough understanding of technology and assist in educating the company's thousands of engineers on how to implement solutions with security by design. We need all code crackers and puzzle solvers to work together to ensure the firm's and our clients' futures.
Average Salary
These are the average salaries for different kinds of job opportunities at Goldman Sachs according to their positions and experience:
Designation and Experience
Average Salary
Analyst
Experience: 0 - 4 yrs
15,70,000/year
(5.0L/yr - 30.0L/yr)
Senior Analyst
Experience: 1 - 5 yrs
9,60,000/year
(5.5L/yr - 18.5L/yr)
Financial Analyst
Experience: 0 - 5 yrs
9,10,000/year
(3.5L/yr - 30.0L/yr)
Vice President (VP)
Experience: 7 yrs
40,00,000/year
(22.0L/yr - 75.0L/yr)
Senior Associate
Experience: 5 - 11 yrs
17,50,000/year
(10.6L/yr - 30.0L/yr)
Senior IT Analyst
Experience: 2 - 5 yrs
5,30,000/year
(4.2L/yr - 6.8L/yr)
Investment Banking Analyst
Experience: 0 - 3 yrs
21,20,000/year
(10.0L/yr - 35.0L/yr)
Senior Financial Analyst
Experience: 2 - 5 yrs
7,40,000/year
(4.8L/yr - 16.0L/yr)
IT Analyst
Experience: 1 - 5 yrs
4,70,000/year
(3.5L/yr - 7.6L/yr)
Software Engineer
Experience: 1 - 4 yrs
23,30,000/year
(12.0L/yr - 35.0L/yr)
Associate/Senior Associate -(Technical)
22,20,000/year
(13.0L/yr - 32.2L/yr)
Operations Analyst
Experience: 1 - 3 yrs
5,80,000/year
(4.1L/yr - 8.0L/yr)
Technology Analyst
Experience: 1 - 3 yrs
21,40,000/year
(16.0L/yr - 30.0L/yr)
Business Analyst
Experience: 0 - 8 yrs
14,90,000/year
(6.4L/yr - 30.0L/yr)
Vice President Operations
Experience: 9 - 17 yrs
35,10,000/year
(21.0L/yr - 57.0L/yr)
SDE (Software Development Engineer)
21,70,000/year
(12.0L/yr - 34.0L/yr)
Team Lead
Experience: 4 - 14 yrs
11,90,000/year
(7.5L/yr - 21.5L/yr)
Senior Software Engineer
Experience: 2 - 7 yrs
29,90,000/year
(11.8L/yr - 50.0L/yr)
Equity Research Analyst
Experience: 0 - 6 yrs
20,50,000/year
(13.0L/yr - 30.0L/yr)
Goldman Sachs employees make an average of INR 19.9 lakhs per year.
The salary figures mentioned above are subject to change.
Preparation Resources for Goldman Sachs
There are lots of resources you can search for, but we always need a systematic way to learn things. Coding Ninjas has got your back and has curated a list of resources for you:
Aptitude Preparation - Aptitude is the most important thing before attending an interview it can be asked during your test or in an interview.
Data structure and Algorithm - You can select either one of the languages for learning DSA based on your preferences.
All the information you want to ace any interview with a tech company was covered in these courses on programming with data structures.
Competitive Programming - It can be optional, but you can go for this to master data structure and algorithms.
Operating System - This course will help you get ready for operating system-related questions in software engineering interviews.
You don't need to worry, Ninja; every month, Coding Ninjas holds a Scholarship Test where you could receive a discount of up to 100% and at least 10% on any course of your choice.
It should be in Portrait Layout, less than 512 KB in size, Microsoft Word, rich text format, text or pdf file format, no password protection, and not saved as read-only.
How challenging is it to work at Goldman Sachs?
For mid-level positions, Goldman Sachs receives 1 million applications annually. Just 5,000 of those applicants, or about 0.5 percent, are hired. The bank is now almost ten times as picky as Harvard.
Can one apply for a program at more than one location or division?
Yes, you can specify up to three location/division preferences for a particular role in your application.
Can one change their mind about applying?
Yes, you can self-withdraw your application by selecting it from the menu on the left after logging into your account on the Campus Application System.
Is Goldman Sachs using negative marking?
Negative marking is unlikely to be applied; however, avoid guessing since it will lower your accuracy rating. It is occasionally possible to estimate something by assuming that some of the answer choices are unreliable.
Conclusion
We have covered job opportunities at Goldman Sachs in detail in this article. We hope that this article has improved your understanding of the various career roles offered by Goldman Sachs and their selection criteria.
To know more about the job opportunities at Goldman Sachs, the ways to get into Goldman Sachs or different profiles, you can check out these articles:
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