Pass the Goldman Sachs Interview 2024 | Goldman Sachs Video Interview

Summary

This video by career coach M offers crucial insights on succeeding in Goldman Sachs' high-view interviews in 2024. It covers the bank's interview process, including a one-way interview format, common motivation and competency questions, and the importance of understanding the specific division applied for. M emphasizes the need for thorough preparation, including reading the company's 10K report and staying updated on financial news. Key questions include discussing recent news, motivations for applying, and technical skills relevant to the role. The video serves as a comprehensive guide for candidates seeking to navigate the competitive interview landscape at Goldman Sachs.

Takeaways

• 😀 Goldman Sachs is a prestigious investment bank with a strong emphasis on hiring top talent, making the interview process competitive.
• 📊 The firm aims for 50% of analyst and associate hires in the Americas to be women by 2025, highlighting their commitment to diversity.
• 🌍 Goldman Sachs has a global presence with over 45,000 employees in 41 countries, primarily in the Americas and the UK.
• 💰 The global banking and markets division achieved its second-highest net revenue since 2010 in 2023, reflecting strong financial performance.
• 🎥 Expect a high view interview format with five questions: four on motivation and competency, and one technical question related to the division.
• 📈 Staying updated on current events and understanding their impact on the market is crucial for demonstrating business awareness.
• 📚 Reading the Goldman Sachs 10K report is recommended for gaining insights into the firm's operations and strategies.
• 🔍 Be prepared to discuss your CV in detail, quantifying achievements and relating experiences to the skills required for the role.
• 🗣️ Practice handling criticism constructively and managing difficult conversations professionally, as these scenarios are common in high-pressure environments.
• 🧠 Technical skills are essential for specific roles; be ready to answer questions that assess your technical knowledge and problem-solving abilities.

Q & A

What is the primary focus of this video regarding Goldman Sachs?

The video focuses on preparing candidates for the first round of interviews at Goldman Sachs, providing insights into the interview process, common questions, and tips for success.

What are some key statistics about Goldman Sachs mentioned in the video?

Goldman Sachs engages 18,000 staff in over 1,000 community projects, aims for 50% of analyst and associate hires to be women by 2025, employs over 45,000 people in 41 countries, and had its second-highest net revenue in 2023 since 2010 in its global banking and markets division.

What can candidates expect from the interview process at Goldman Sachs?

Candidates can expect a one-way interview with five questions: four focused on motivation and competencies, and one technical question relevant to the division they are applying for.

Why is it important for candidates to understand the division they are applying to?

Understanding the specific division is crucial because candidates will be asked about the products, risks, and day-to-day responsibilities related to that division, demonstrating their preparedness and interest.

What common mistake do candidates make when discussing current events in interviews?

A common mistake is choosing overly complex topics that are difficult to explain succinctly. Candidates should focus on microeconomic events or specific company news that can be clearly communicated in a couple of minutes.

How should candidates prepare to answer the question 'Why do you want to work here?'

Candidates should read Goldman Sachs' 10K report to gather relevant facts and insights about the company, allowing them to articulate thoughtful reasons for wanting to join, particularly relating to the division they wish to work in.

What is the significance of quantifying achievements when discussing past experiences?

Quantifying achievements provides concrete evidence of a candidate's skills and effectiveness. For example, instead of simply stating job responsibilities, candidates should illustrate their impact with specific results, such as revenue generated.

What approach should candidates take when asked about receiving criticism?

Candidates should demonstrate that they can listen to constructive criticism, evaluate its relevance, and explain how they would use that feedback to improve their work in the future.

What strategies should candidates employ when managing difficult conversations?

Candidates should focus on having the facts at hand, removing emotion from the conversation, framing the discussion professionally, and ensuring clarity in communication to facilitate effective dialogue.

What types of technical questions might candidates face in an interview for Goldman Sachs?

Candidates may be asked to perform tasks like creating a discounted cash flow model, discussing equity versus debt financing, or pitching a stock, which require a solid understanding of financial concepts and current market trends.