Goldman Sachs' massive demand for this kind of student is now clear
If you want a job at Goldman Sachs when you leave university, it will help if you aspire to be an engineer. It seems that the Goldman has increased the intake of students to its engineering (ie. technology and strats) team by nearly 90% in just two years.
In a recently published post on its own site, Goldman says that at 850 people, this year's class of trainee engineers is its bigger ever. Two years ago, in a similar post, Goldman said it had just 450 first year analysts (ie. recent graduate hires) going through its onboarding process for engineering trainees.
Goldman Sachs didn't immediately respond to a request to comment on the apparent big increase in its appetite for technologists. It comes after Lloyd Blankfein, who was CEO at Goldman until October 2018, said earlier this year that the firm is heavily focused on hiring engineers and strats (quantitative programmers who work in jobs across the firm) and that strats already accounted for 25% of the headcount in Goldman's fixed income trading division.
Goldman's 850 new student hires this year have gone into engineering jobs everywhere from New York and London, to Salt Lake City, Warsaw, Bengaluru, Hong Kong and Tokyo. In Europe, the firm is increasingly focusing its technology jobs on Warsaw, where its headcount has gone from 30 people to 670 people in just three years, with plans to add another 300+ in the years to come. In a podcast released in August 2018, Brent Watson, head of Goldman's Warsaw office, said the excellent technology talent in Warsaw had enabled Goldman to build a team of strats and technologists in the Polish city who have been "making an impact globally".
Students who join Goldman's engineering program don't necessarily need to have studied computer science (although it probably helps). The firm puts its graduate technology hires through a seven week training program called 'Gray Wolf', in which recruits are trained in everything from Java, to Python, React, Angular, IntelliJ and VSCode (there's no mention of Slang - Goldman's proprietary programming language, which some say can be a career dead-end). One of these year's technology hires ("Leslie" in Jersey City) has studied financial mathematics but didn't know much about programming before arriving. Another, ("Cyrus" in London), appears to be a Cambridge University graduate in natural sciences, with a specialism in manufacturing systems.
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