Goldman Sachs is a multinational investment bank and financial services company covering areas such as investment management, asset management, securities and prime brokerage. Its large and varied client base includes corporations, governments and individuals.
As one of the largest and most reputable investment banks in the world, Goldman Sachs’ application process is appropriately rigorous.
Each year, Goldman Sachs will receive thousands of applications for a relatively small number of positions, so your application and CV need to be as competitive as possible if you want to succeed.
The New Analyst Programme is open to final-year undergraduate and graduate-level students.
You can apply for the programme in Goldman Sachs’ many different divisions, such as Engineering, Global Compliance, Investment Banking and Legal.
Graduates on the New Analyst Programme work directly with internal and external clients, and have access to a range of training and guidance resources. These incude the Goldman Sachs University, as well as mentor programmes, employee networks and external professional organisations.
Candidates can apply to up to three roles at a time (this includes division and location). When choosing which division or divisions to apply for, think carefully about your strengths and interests, and where these would be best used.
The divisional descriptions offer more information on what it would be like working on different teams at Goldman Sachs.
The New Associate Programme is open to final-year students working towards an advanced degree such as an MBA or LLM. Applicants to this programme typically have two to five years of work experience.
As above, this role offers wide and varied access to training and career development, as well as opportunities for employees to build their professional network.
Candidates can apply to the New Associate Programme in the areas of investment banking, investment management, merchant banking and risk management.
Goldman Sachs also offers summer internships, apprenticeships, work placements and events for students.
Its legal department is part of the Legal Insight Programme, in which it has partnered with major law firms to offer job shadowing and training programmes for LGBT+ law students.
While applicants for the New Associate Programme will be expected to have some prior experience working in financial services, no previous work experience is required for the New Analyst Programme.
Students need not come from a particular academic background; Goldman Sachs accepts students from a wide variety of degrees for its graduate schemes.
That said, the more technical the role, the more likely it is that a technical degree will be favoured. And whatever their background, Goldman Sachs is looking for graduates who have a strong record of outstanding academic achievement.
Recruiters at Goldman Sachs will also want to see evidence of the core competencies that it looks for in all employees.
These are based on the company’s key business principles and include:
At each stage of the application and interview process, you should also be prepared to demonstrate commercial awareness and commitment to career, as well as an understanding of what services Goldman Sachs provides to its clients.
Want an advantage over other candidates? Check out JobTestPrep's resources on how to prepare for the Goldman Sachs aptitude tests and interview.
The New Analyst Programme has two application periods:
Applications are reviewed on a rolling basis and interviews can take place before the application period has closed, so apply as soon as you can.
Application deadlines for the New Associate Programme vary by school or university, so check your institution’s careers site for details.
The application process at Goldman Sachs consists of:
In your online application you will be expected to provide:
Note: Applicants may choose up to three different combinations of preferred division/location.
The application form does not have to be completed in one go – you can save your details and return to it later.
However, once you have submitted the form you will not be able to make any edits, except to your personal information.
Candidates applying for an engineering role at Goldman Sachs will be asked to complete an assessment on HackerRank. This is a coding-based technical skills and assessment platform used by many technology firms.
Applicants can choose whether to complete a programming, maths, or programming and maths assessment.
Questions will vary from person to person, but you can familiarise yourself with the HackerRank platform and the types of questions you can expect by taking a sample test.
Before taking the programming assessment, you should review algorithms and basic data structures. Questions will generally involve using and manipulating data structures, with a strong focus on algorithmic design.
If you choose the maths assessment, you should refresh your knowledge of calculus, linear algebra, probability concepts and statistics.
You can choose to take the programming assessment in one of the following programming languages:
Most questions will be specific to the programming language you choose, so select the one you are most comfortable with and try to take some practice tests beforehand.
The maths assessment will take around 60 minutes to complete, while the programming/coding assessment takes around 90 minutes.
Once you have completed the assessment, you should receive an update on your application status within three weeks.
If you are successful, you will be invited to take part in a video interview. This involves responding to a set of predefined questions on your computer, phone or tablet.
The interview will last around 30 minutes in total. You will have 30 seconds to prepare for each question and two minutes to answer.
Goldman Sachs uses the HireView digital interviewing system but your interview will be reviewed by Goldman Sachs recruiters.
The interview generally consists of several general behavioural questions, as well as one or two that relate to the role(s) that you have applied for.
You will only have to do one video interview, even if you have applied for multiple roles.
Examples of interview questions include:
Read our article on preparing for a video interview for more tips and advice.
Following the video interview, you should hear if you are proceeding to the next stage within two weeks.
If you are selected following your HireVue video interview, you will be invited to one of Goldman Sachs’ Superdays. This is a day of face-to-face interviews at a Goldman Sachs office.
You can usually expect between two to five interviews over the course of the day, depending on the division you have applied to. Each interview is likely to be with two Goldman Sachs executives.
During the day, you will also have a chance to mingle and chat with other candidates, and to meet current employees in a more informal setting.
The types of questions you are asked will depend on the position to which you have applied, and the level of knowledge you can reasonably be expected to have based on your qualifications.
The focus of these interviews is more technical than the video interview. Expect questions that assess your knowledge and understanding of Goldman Sachs and the division and role you have applied for, as well as investment banking and the markets in general.
Interviewers will also continue to assess your compatibility with the company and your skills and experience.
As such, prepare plenty of examples of your personal struggles, goals, achievements, and other typical competency-based questions.
Possible Superday interview questions:
Following your Superday, you should expect to hear whether you have been offered a role within 24 to 48 hours.
You can prepare for your Goldman Sachs Superday with interview and aptitude test training like that offered by JobTestPrep.
Goldman Sachs is not just looking for candidates with finance experience or qualifications.
It wants to attract applicants with diverse and unusual profiles. What is most important is the ability to display key characteristics like leadership, self-motivation, communication skills and a passion for finance.
To land a graduate role, it is crucial to explain to the interviewers why investment banking appeals to you and how well you would fit in at Goldman Sachs.
You may be interested in these other articles on WikiJob: