How to get a job at Goldman Sachs in 2019
Unlike many other financial firms, Goldman Sachs is firmly in hiring mode. The investment bank increased headcount by 9% in 2018 as it added roughly 3,000 people. But while headcount is ticking up, not all of the bank's hiring plans are equal – both in terms of location and division.
The numbers below were scraped from the Web by alternative data provider Thinknum, which broke down the available job openings at Goldman Sachs as of Jan. 16. The U.S., India and the U.K. lead the way by a large margin, confirming the main takeaway from the second table below: Goldman is concentrating much of its hiring within its engineering division. It’s online consumer bank, Marcus, is taking off in both the U.S. and the U.K., while Goldman’s two Indian offices in Bengaluru and Mumbai have long been major technology hubs.
Where does Goldman Sachs hire the most people?
Right now, the number of current job vacancies in Poland outweighs the total in Germany by more than 4-1. However, you can expect that ratio to be flipped this time next year. While Goldman’s Warsaw office began ramping up recruiting last year, Frankfurt appears like it will be a bigger priority post-Brexit. Goldman Sachs has leased the top eight floors of a 37-story tower in Frankfurt that will be capable of housing 1,000 employees come late 2019. Oddly, Goldman Sachs shows no current openings at its Paris office.
Meanwhile, news broke on Friday that Goldman – along with BlackRock – plan to temporarily move some of its London-based fund managers to the U.S. if a deal between U.K. and EU officials isn’t made before the divorce becomes official in March.
In Asia, Goldman has many more open positions in Hong Kong than Singapore. However, the disparity may be due to the fact that Goldman Sachs is moving its Hong Kong office from the city’s expensive Central district to a lower cost location in the Causeway Bay area.
Which divisions at Goldman Sachs hire the most people?
When looking at job vacancies within each division, there is no surprise at the top as attracting technology talent is every bank’s main priority. Looking deeper down the list, the lack of openings within Goldman’s investment banking division stands out. If anything, the low total emphasizes how firms prefer to fill seats within their investment bank through their graduate recruitment programs and the poaching of big-name bankers typically done through backdoor channels.
Meanwhile, Goldman has plenty of openings within its securities division – more than 170 across the globe – though that isn’t to suggest the firm is desperate for traditional fixed income and equities traders. More than 60 of the open roles within Goldman’s securities division include the word “strat.” Nearly 20 contain the word “quant.”
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