As part of an ongoing series of interviews with MBA recruiters, Bloomberg Businessweek profiled a question-and-answer with Sandra Hurse, global head of campus recruiting at Goldman Sachs. The highlights:
- Most of the MBA graduates Goldman hires were a part of the bank’s intern program.
- MBAs are primarily hired into the Goldman’s investment banking and investment management’s wealth management unit where the recent growth is expected to continue. For private wealth jobs, the bank is currently hiring in Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco, Seattle, Washington, D.C. and West Palm Beach.
- For wealth management recruits, the bank looks for people with experience in sales, investing, entrepreneurship and business development.
- For IB recruits, they seek those with long-term interest in the field as well as demonstrated success in work and academia.
Goldman is rolling out a bond-trading platform. [WSJ]
BofA is in talks with lawyers for more than 1,000 former Merrill brokers. [WSJ]
AIG posts a Q1 profit of $3.2 billion on improved performance at Chartis and SunAmerica. [DealBook]
Wells Fargo originated a third of all mortgages in Q1. [Bloomberg]
RBS’s Q1 loss widened to $2.46 billion on an accounting charge and losses in Ireland. [WSJ]
BNP Paribas’s Q1 profit rose 10 percent on the sale of a real estate business. [NY Times]
Brazil’s BTG opened a $1 billion African buyout fund. [Financial Times]
Fortress’s Q1 profit fell 45 percent on lower fees. [Bloomberg]
Billionaire commodities trader John Arnold is leaving the business. [Fortune]
Opinion: No perfect age to start an MBA. [Businessweek]
Opinion: The pros and cons of a full-time MBA program. [Businessweek]