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Conclusive proof that only film star-like entities work at Goldman Sachs

Forget the analogies between investment bankers and football players, the new hot comparison is between investment bankers and film stars.

Bill George, a Goldman director and professor of management at Harvard Business School has featured in a short video claiming bankers are akin to film stars and top athletes: "If you don't pay them for their performance, you'll lose them."

Totally coincidentally, the Spears Wealth Management website is running an interview with a Goldman Sachs alum which underlines the rarefied and filmic nature of those working for the The Firm.

Nicholas Sarkis, founding partner of independent investment advisory firm Alpha One, and a former Goldman employee, describes getting into Goldman (back in the days when it was a private company) as:

"...like a psychological and intellectual boot camp for the very best young minds in the world, the most ambitious and most driven. Many applicants simply couldn't take the pace, or handle the line of questioning - which made the rigours of Top Gun suddenly seem like a municipal ballet school.

Most notably, Sarkis says....

· He had 52 interviews before he was admitted to the great Goldman elite

· That this included four sets of interviews in London and a final round in New York

· He witnessed a 42 year old trader have a heart attack at his desk when he was in New York for the interview ("I saw the guy whizzed out and I really thought that I was in a movie).

· Goldmanites are not unlike a group of catty celebrities: "At GS, it is all about emulation and internal competition. They never want people to feel secure...In general, the more successful you are, the less popular you will become."

· Training at Goldman is more like an army bootcamp than an athletics commune. The Goldman training programme is apparently designed to break the "huge egos" of all the Harvard and Yale graduates the bank employs: in Sarkis' day, the head of the training programme chased people into the toilets to ask them the closing price of gold.

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AUTHORSarah Butcher Global Editor
  • MD
    MD
    7 January 2010

    I work at GS, and there are so many myths. 50 interviews, don't think so....more like under 8 at analyst level. They are tough, but whose aren't in this industry.

  • GS
    GS
    7 January 2010

    Sarah is paid by GS HR to continue drawing the dream.. what a load of crap. I worked at GS and I have witnessed monkeys getting recruited.

  • A.
    A. Faye
    7 January 2010

    Hahah wen you work at GS, its such a laugh how people outisde the firm perceive you. I started in ops then went to front office with a 2.1 from a good uni and had a few interviews to do so. I am not special, just a normal hardworking person. Took a bit of luck to get it, but i am no "super athelete" or filmstar.

    They do look after you when you are in though.

  • Sa
    Sarah, Editor, eFinancialCaree
    6 January 2010

    @murphy - I feel you may have missed the hint of irony in the title.

  • mu
    murphy
    6 January 2010

    Sarah Butcher still would like to live in the make believe world of a 1987 movie called "Wall Street". This is why you see articles like this.

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