Jobaaj Stories
No discussion about investment banking is complete without mentioning the renowned Goldman Sachs.
Founded in 1869, this is one of the best investment service providers, and it primarily works with institutional clients in global investment banking, securities, investment management, and other financial services.
Being an almost 150-year-old financial institution with 43,900 employees, its last year's revenue was $59.3 billion.
It has a great legacy and a very good environment for workers. This is what makes it one of the most coveted companies by individuals looking for work experience or corporate exposure.
You are on the right track if you are planning for industrial training at Goldman Sachs, a CA firm.
Whether you are an engineer or from a finance background, this is an ideal place to start your journey of professional workmanship.
How, when, and where?
It is quite understandable that your mind is loaded with so many questions, and you want to know all your answers in a gist. After all, it is a human tendency. Well, what you need to do is relax and read the article till the end!
How To Apply?
Both technical and operational internships are available at Goldman Sachs, and these internships are there for finance, management, and operations. Goldman Sachs recruits 3rd-year undergraduates from a few reputable colleges in India. Though Goldman Sachs industrial training is also a vital part of other professional courses like CA and CS.
It is not limited to the final year, however, as there are multiple doors and windows to enter. It means there are a few more ways to get enrolled as an intern, as per the requirements, streams, and specialties.
As interns, the company prefers to hire students from circuit branches (ECE, EEE, Instrumentation, and so on).
In order to be considered for the recruitment process, students from non-circuit branches must send their resumes in advance to company officials (via their training and placement cells).
Students who do not meet the company's cutoff CGPA of around 7.5 (which varies by the college) are not allowed to apply for the recruitment process.
Now, once you have applied in any above-stated way then there will be a screening of your resume and on its basis, you'll be shortlisted for an interview.
Yes, you are right you need to also prepare yourself for an interview!
Before moving to the interview part, let us tell you a bit about the internship itself. It may be useful to know about that before the interview.
Industrial Training at Goldman Sachs at a Glance
Well, we have discussed the internship so far only in a general sense. Now, let us get specific about this.
The internship experience at Goldman Sachs is generally a ten-week program that is designed to fully immerse candidates in one of the company's divisions' day-to-day operations.
The process begins with a company-wide orientation, during which you will learn about the company's culture as well as the benefits and responsibilities of being a Goldman Sachs employee. You'll also get division-specific training to help you succeed in your department.
There is a specific position, the summer analyst, which is given to worthy candidates who are currently pursuing a college or university education degree and is typically completed during the second or penultimate year of their studies. Students with an outstanding academic record and an interest in the financial markets are encouraged to apply, regardless of discipline or major.
Only those candidates who meet the following criteria are eligible to apply:
1. Those are available for a full-time internship (in-office).
2. Those are available for a 10-week period.
3. Possess skills and interests that are relevant.
So, this is all about the internship in brief now let us move on to the further steps.
The next step as we discussed earlier would be the interview which probably will be held after the application process for selected students.
But before the interview,
what is the process to select the students for the interview?
Yes, you got it right, it's a test!
Further Steps to get Shortlisted:
To get Goldman Sachs industrial training, there are some preliminary steps to prove your worth to the company!
The company conducts a written test in many colleges, after which around 15-25 students (depending on the college) are shortlisted for further rounds.
The written exam consists primarily of logical reasoning, coding, and one essay-style question. All of the students who have been shortlisted go through three rounds of personal interviews.
Let us know the details of these rounds and more.
Round 1
Generic questions related to self-interests and previous projects. A few examples of questions are as such:
- Any questions you may have about a previous project or internship.
- Why are you interested in working on this platform rather than another?
- What is your preferred field of study? Questions pertaining to the topic.
Round 2
It's a technical round with questions asked about the particular knowledge domain-specific to your applied position. This round also includes logical reasoning and analytic questions.
Round 3
In the final round, HR questions are asked. The questions aren't particularly unusual. a few examples of questions
- Why should I hire you?
- Which department do you feel most at ease in?
Finally, there is an interview
In most colleges, the interview process begins in August. After the recruitment process is completed, the selected interns are notified of their results the same day.
A mentor and a manager are assigned to each intern. A mentor is presumed to be a friend with whom you can hang out, whereas a supervisor is supposed to be a company's more senior employee.
The first two weeks of the internship are mostly spent learning new things. The interns are then given real-world projects to work on. The evaluation procedure differs from one team to the next. During the eight to ten-week internship program, the majority of the teams conduct two evaluations: a mid-term and an end-term evaluation. The project work is mainly reviewed through presentations in both assessments.
Concluding Words:
The Internship at Goldman Sachs for undergraduate students, CA or SC professionals, and MBA finance and management lasts eight to ten weeks. If you are a CA finalist or in your MBA then this is the place that is going to be a great stepping stone in your career. You will be fully immersed in one of the divisions' day-to-day operations.
As a participant, you'll be able to:
- Attend an orientation to learn about the firm's culture, as well as the benefits and responsibilities associated with being a member.
- Receive division-specific training to assist you in achieving your goals.
- Have the opportunity to work on real projects with other interns.
Well, we hope you now have all the information you need to make the right career choice for yourself.
With this, we bid you adieu, and wish you all the best!
Thanks for Reading!
