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FIRST HAND: Making it to the 2nd round at Goldman Sachs

Goldman Sachs did not run a traditional assessment centre for potential interns. Instead candidates lucky enough to make it through to the second round were grilled in the interview room several times in quick succession.

My three interviews were administered by three different professionals from different areas of the investment banking division (IBD), which was my chosen area. There were no HR representatives involved in this stage of the process, they simply set up the interviews and let the 'professionals' do their work. The interviews are also one to one (as are the majority of Goldman interviews); they don't seem to favour the panel interview.

Two of my interviewers were on the Goldman graduate programme and one was an Associate within IBD. Each interview lasted between thirty and forty minutes and contained a mixture of technical, numerical and commercial awareness questions. Their questions varied from, "Where do you think oil prices will go?" to, "What makes you think you can handle the pressure here?"

We were moved from one interview to the other with alarming speed and so interaction with other candidates was impossible. It was a stressful day, something cleverly orchestrated by the HR department no doubt; yet another test in the gruelling recruitment process.

Overall it was a good experience for me (as a third year undergraduate) to see what the process and entailed and what was expected of potential hires but it's certainly not for the faint at heart!

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AUTHORAnonymous Insider Comment
  • Ha
    Harry Hindsight
    17 June 2009

    I was lucky enough not to apply for a job at GS, because I'm worth it.

  • I'
    I'm in IBD
    15 June 2009

    Man. I remember when I was interviewing for my internship - not at GS. Met two of the coolest MDs you'll ever see. Top 50 global rainmakers, both of them. There was none of that bull**** testosterone you get from GS and such. Just a couple of nice, clever, very relaxed, people who wanted to find out whether they'd like to spend 2 hours stuck in an airport with you. I don't even think they've askedme a single technical question. Which is as it should be, because it doesn't take a genuis to take a few numbers from 10-Q and plug them into an Excel template.

  • Im
    Impatient
    15 May 2009

    I was also lucky to this stage for sales / trading and had a very similar experience, except my interviewers were an Exec Director, an MD, and an Assocciate. The hardest part of the process though was having to wait 2 weeks to find out the 2nd round verdict, then having to wait another 2 weeks after a 3rd round phone interview to hear the positive decision, nail-biting stuff!

  • Fu
    Future entrepreneur
    11 May 2009

    I was lucky enough to reach this stage for an intern position but in Ops instead and I'm sure it was just as stressful as yours. Although, mine differed in that in each interview I had two interviewers, most if not all were at least Associate's but I must say this was one of the most mentally exhausting assessment centres I have attended. Unfortunately, I didn't make it through but it proved to be excellent practice for my subsequent interviews from which I got offers!!!!!

  • Gu
    Gustav
    10 May 2009

    This is pretty much the same process you get at AC stage at Morgan Stanley, Deutsche and Credit Suisse..

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