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Introduction
Are you interested in knowing what a Software Engineer's life looks like, and do you want to become a software engineer at Goldman Sachs?
In this article, we'll discuss the Software Engineer at Goldman Sachs, which will help you know everything you need about this role.
So, let’s get started.
Goldman Sachs
Goldman Sachs provides a wide range of financial services in investment banking, securities, investment management, and consumer banking to a sizable and diverse clientele, including businesses, financial institutions, governments, and private individuals. The Goldman Sachs Group, Inc. is a preeminent global financial institution.
The company, established in 1869, has offices in all of the world's principal financial centers and is headquartered in New York.
Lets us know the role of a Software Engineer at Goldman Sachs.
About the Role
Software engineers, also known as software developers, design and develop software for computers and applications. If you're an analytical thinker who enjoys problem-solving and making digital products easier to use, a career as a software engineer could be rewarding.
The software engineer at Goldman Sachs is considered to be a higher standard than the industry standard. The company values software engineers, which offers a competitive benefits package.
Engineers and financial experts are eager to work at Goldman Sachs because it is one of the best places to work in the world. While sharpening your fundamental engineering skills, you will have the chance to launch new businesses, transform finance, and uncover new opportunities at Goldman Sachs. You can attack new problems with zeal and advance your career in its collaborative and agile environment.
Roles and Responsibilities
These are some roles and responsibilities of software engineers at Goldman Sachs:
Build and automate solutions in partnership with trading, sales, asset management, banking, finance, and others to keep Goldman Sachs at the forefront of the industry.
To advance Goldman Sachs businesses, provide dependable, scalable platforms for data engineering, machine learning, networking, developer tooling, collaboration, and more.
Innovate in a collaborative, agile environment 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.
Establish standards and provide technical and design direction.
Enhance, optimize, and locate potential areas for better software development procedures.
Make design decisions in collaboration with product owners and architects.
Create user interfaces for high throughput and scalability.
As a team, intuitively come together to approach issues with an open mind. When making decisions, use knowledge and experience to develop innovative and profitable solutions.
Manage several tasks and use good judgment when setting priorities.
Work with a world, cross-functional team to develop products centered on customers' needs.
Provide estimates for adding new features and analyze current software implementations to find areas for improvement.
Update and maintain software runbooks(procedure), best practices, and team processes documentation
Salary and Perks
The average salary of an employee at Goldman Sachs is ₹24.0lakhs.
Employees at Goldman Sachs earn an average of ₹24.0lakhs, mostly ranging from ₹19.0lakhs to ₹50.0lakhs.
Leading Divisions at Goldman Sachs and their salaries are mentioned below:
Designation
Experience (in years)
Average Salary
Range(Lakhs)
Analyst
0- 4
₹15,70,000
5.0L to 30.0L
Senior Analyst
0 -5
₹9,60,000
5.5L to 18.5L
Financial Analyst
0 -5
₹9,20,000
3.5L to 30.0L
Vice President
7
₹40.00.000
22L to 75L
Senior Associate
5 - 11
₹17,50,000
10L to 30L
IT Analyst
1 - 5
₹4,70,000
3.5L to 7.6L
Software Engineer
1 - 4
₹23,30,000
12L to 35L
The salary figures mentioned above are subject to change.
Here you will have a better understanding of Software engineer salary.
Employee Benefits
There are several benefits offered by Goldman Sachs, and we have tried to list them as follows:
Cafeteria
It improves the culture of your company.
You may believe that your company culture is perfect. And perhaps it is. There is, however, always room for improvement, and a cafeteria could help with that. This is especially true if your company is large and has numerous departments on different floors or clusters. A cafeteria will likely bring them all together. This is what Goldman Sachs believes in.
And in the same way, other benefits come into place like the following:
Work From Home
Goldman Sachs believes in giving more flexibility to their employees so that work won't be hampered. Working from home eliminates the usual office distractions. A quieter environment allows you to complete your work more quickly and peacefully.
Health Insurance
The company provides a variety of health and welfare programs that vary depending on the office location. Medical, dental, short-term disability, long-term disability, life, accidental death, labor accident, and business travel accident insurance are some examples.
Fitness
Some Goldman Sachs offices have on-site fitness centers to encourage employees to live a healthy and active lifestyle. We typically reimburse fees paid for a fitness club membership or activity for eligible employees (up to a pre-approved amount).
Skills and Experience Required🤹
The skills required for a Goldman Sachs software engineer are discussed below:
Excellent understanding of fundamental areas of Computer Science such as Algorithms, Data Structures, Object-Oriented Programming, and Databases.
Knowledge of creating business applications.
Exposure to Agile tools and methodologies.
Knowing microservice architecture.
Knowing Javascript, Java 8, Spring, and the Restful API.
Excellent coding skills in an object-oriented language.
Excellent problem-solving skills and propensity to learn and develop tech talent.
Excellent verbal and written communication skills.
Ability to tackle problem statements, recommend alternative technical approaches, and build optimal solutions.
Note: The skills needed may vary depending on the nature of the project.
Opportunities in Engineering at Goldman Sachs
Jobs for front-end developers, back-end developers, DevOps engineers, senior software engineers, data engineers, security analytics engineers, Android developers, and iOS developers are available in the engineering sector. These positions require creating scalable software and systems, creating apps that can handle massive data, and defending against online attacks.
To succeed in the position, you must have a degree in computer science, information technology, or a closely related technical field.
Job Expectations
Build and automate solutions in partnership with trading, sales, asset management, banking, finance, and others to maintain Goldman Sachs at the forefront of the industry.
To advance Goldman Sachs companies, provide dependable, scalable platforms for data engineering, machine learning, networking, developer tooling, collaboration, and more.
Establish standards and provide technical and design direction.
Work with a global, cross-functional team to develop products centered on customers' needs.
Analyze current software implementations to find areas for improvement and offer costs for adding new functionality.
Individuals on these teams should be passionate about the financial services sector, markets, and research process, in addition to having financial solid modeling skills, excellent written and verbal communication, analytical and strategic thinking, and high Excel competence.
Qualities are- Leadership, Teamwork, Creativity, Integrity and sincerity, Individual Initiatives, Superior Criteria for Excellence, and Customer service.
Preparation Strategy
Here are some key points that one should keep in mind while starting their preparation:
Capacity for learning complicated material quickly.
Working on technical analysis and critical thinking abilities.
Having good coding skills.
Before entering the interview, have some understanding of public market finance.
One should get comfortable responding to inquiries frequently asked during interviews for positions related to engineering. You must be timely and fluid in your responses. Steer clear of unnecessary words. Your verbal communication should be persuasive and full of information that positions you in the best possible light for the position.
Achieve success on online aptitude tests!
Goldman Sachs uses several aptitude tests. These may consist of:
Tests of numerical reasoning
Tests of Verbal Reasoning
You could be refused even before your verbal and/or numerical tests. 50 to 80 percent of candidates are eliminated by these examinations. Practice is the only surefire way to advance to the next round.
Job Interview
How then do you get ready for a job interview with Goldman Sachs?
The answer to this question will vary depending on the specific engineering sector and position you applied for. Make sure to conduct an in-depth study to understand what is necessary for this role because each profile has specific skill requirements and some prerequisite knowledge.
I hope you enjoyed the video and also spend some time exploring Code studio to prepare for the interviews.
Interview Process Overview
At Goldman Sachs, the interview process for the position of a software engineer typically consists of 4-5 rounds, as follows:
Online HackerRank Test In this round, generally, quantitative and Computer Science questions are asked during this round.
The computer science portion lasts for around an hour and includes a few MCQs (multiple choice)and programming questions.
The machine learning (ML) section lasts roughly 30 minutes and comprises questions from machine learning.
The general numerical aptitude problems in the quants portions last around an hour.
Coding on Coderpad
The screen is shared between the Interviewer and the student, and the student needs to code on the net. The Interviewer judges the student based on that code.
Telephonic Interview
The Interviewer asks questions based on technical skills like algorithms and system designing, Computer Networks, Operating Systems, DBMS, etc.
Technical Interview
These are the in-person interview rounds where questions are asked about the information listed on the CV(Curriculum Vitae). Typically, inquiries are based on the assignments, internships, or training listed on the CV. The Interviewer is generally interested in operating systems, networking, database management, and data structures and algorithms. The depth of the student's knowledge in all areas of computer science and their personal interests will be evaluated. In the interview, students may also be required to write codes.
Take a look here for a better understanding of Software engineering as a career path.
Resources
There are lots of resources you can search for, but always we need a systematic way to learn things. Here are some necessary resources which help to become a Software Engineer:
Software engineers are experts in computer science who use their knowledge of engineering concepts and programming languages to develop software products, produce computer games, and manage network control systems.
How many rounds are there in the software engineer interview at Goldman Sachs?
There are a total of 4 rounds, one of which is an online HackerRank test.
How does one get ready for the in-person interview?
Have a solid understanding of the fundamentals and test your interviewing abilities in practice sessions.
What does a job at Goldman Sachs entail?
Goldman Sachs is seeking applicants from various backgrounds who can contribute something unique to the table. A degree in English helped some GS executives advance in their careers. Work experience and volunteer work are significant.
What language of programming does Goldman Sachs employ?
Legend Language is the company's proprietary data coding language. The data coding language used by Goldman Sachs is known as PURE internally. It is currently available as Legend Language. Goldman Sachs created it as a logical modeling language to explain its data.
Conclusion
This blog covered the role of a Software Engineer at Goldman Sachs. We went through responsibilities as a Software Engineer with salary and perks, skills and Experience required, a career path as a Software Engineer at Goldman Sachs, and a roadmap to becoming a Software Engineer at Goldman Sachs.
If you would like to learn more, check out our articleson
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