Goldman Sachs

Basic info

http://www.goldmansachs.com148 Years Old
New York, United StatesInvestment Banking
10000+ EmployeesPrivate company

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world credits: www.goldmansachs.com

Goldman Sachs story

Jan-1869
The Start
Goldman is founded by Marcus Goldman as a small commercial paper deal operating in a one-room office on Pine Street. credits: www.wsj.com
Jan-1906
Became a major player in the IPO Business
Goldman becomes a major player in the nascent IPO business, including handling the initial equity sales for companies such as Sears, Roebuck & Co. credits: www.wsj.com
Jan-1929
suffers big losses
Goldman suffers big losses in the stock market collapse, driven by its investment unit, Goldman Sachs Trading Corp. The unit was essentially a series of highly leveraged investment trusts that had been created by executive Waddill Catchings. The losses tarnished Goldman's reputation for years, and the firm was the butt of jokes by popular performer Eddie Cantor, who lost money on the soured trades. credits: www.wsj.com
Jan-1930
Sidney Weinberg takes over Goldman
Chastened by the firm's trading losses, Sidney Weinberg takes over Goldman and builds its investment bank. credits: www.wsj.com
Jan-1956
Lead Underwriter of Ford Motor
Goldman is the lead underwriter of Ford Motor Co.'s IPO, a symbol of Goldman's growing investment banking prowess. credits: www.wsj.com
Jan-1969
Another take over
Gus Levy takes over Goldman and builds back up its stock and bonds trading business credits: www.wsj.com
Jan-1976
New Leader
John Weinberg, the son of Sidney Weinberg, and John Whitehead take over the firm, and continue to expand its investment banking business. credits: www.wsj.com
Jan-1981
Acquired J.Aron & Co.
Goldman acquires J. Aron & Co., a commodities-trading shop, where current Goldman CEO Lloyd Blankfein worked. Mr. Blankfein joins Goldman as a result of the merger. credits: www.wsj.com
Jan-1990
Expands Global Operations
Robert Rubin and Stephen Friedman take the helm, focusing on expanding Goldman's global operations and its mergers & acquisitions advisory business. credits: www.wsj.com
Jan-1994
Bet on the bond market turns sour
Goldman faces a serious crisis after Goldman's bets on the bond market suffer big losses. Some partners flee the firm. credits: www.wsj.com
Jan-1999
Corzine abruptly steps aside
Jon Corzine abruptly steps aside as the firm's co-head, leaving Henry M. Paulson Jr. the sole chief executive. credits: www.wsj.com
Jan-1999
Became a Major Underwriter of tech Company IPOs
Goldman becomes a major underwriter of tech company IPOs, including such offerings as eToys. credits: www.wsj.com
Jan-1999
Goldman decided to go Public
After much internal debate, Goldman decides to go public. At the time of its IPO, the firm is valued at about $33 billion. credits: www.wsj.com
Jan-2006
Lloyd Blankfein succeeds Paulson as Chairman
Bush administration taps Paulson to be Treasury secretary. Lloyd Blankfein succeeds Paulson as Chairman and CEO. credits: www.wsj.com
Jan-2007
Reported a Record Profit of $11.6 billion
Goldman reports a record profit of $11.6 billion on revenue of $45.99 billion, on the heels of the credit and housing booms. credits: www.wsj.com
Jan-2008
Became a bank holding Company
With the financial crisis intensifying, Goldman becomes a bank holding company, entitling it to greater government protection. credits: www.wsj.com
Jan-2008
Federal Reserve Bank agreed to Pay-"100 CENTS ON ONE DOLLAR!"
The Federal Reserve Bank of New York agrees to pay Goldman and other firms 100 cents on the dollar for its trading position with American International Group. credits: www.wsj.com
Jan-2008
Investment of 5 billion dollars
Warren Buffett invests $5 billion in Goldman. credits: www.wsj.com
Jan-2008
Government buys $10 billion worth shares!
The government buys $10 billion worth of preferred shares from Goldman as part of TARP. credits: www.wsj.com
Jan-2010
Reported a Record Profit of $13.39 billion!!
Goldman reports a record profit of $13.39 billion. The firm sets aside $16.19 billion for compensation, or 35.8% of its net revenue to pay for compensation and benefits, about $3 billion less than expected. credits: www.wsj.com
Apr-2010
SEC charges Goldman
The SEC charges Goldman with deceiving clients by selling them mortgage securities secretly designed by a hedge fund run by John Paulson. credits: www.wsj.com

Goldman Sachs products & services

Asset Management

Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets such as buildings and to intangible assets such as human capital, intellectual property, and goodwill. Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost effectively. Goldman Sachs Asset Management applies insights and risk management expertise to help institutional and individual investors with their financial goals, now and in the future. credits: www.goldmansachs.com

Commercial Banking

Goldman Sachs Bank USA (“GS Bank USA”) is a New York State-chartered bank and a member of the Federal Reserve System. GS Bank USA engages in a number of activities that are core to its franchise, allow it to serve its clients, and achieve its strategic objectives: deposit taking, private bank lending, credit origination, mortgages, interest rate derivative products (including interest rate, credit, and currency products), and agency lending. credits: www.goldmansachs.com

Investment Banking

Structures and executes a variety of transactions, including equity offerings, debt issuances, and derivative transactions. Provides mergers and acquisitions advice and services to our clients on some of their most complex strategic decisions and transactions. credits: www.goldmansachs.com

Investment Management

We help our clients pursue their wealth management goals through careful advice, astute investment management and access to the capabilities and network of Goldman Sachs. We ask about our client’s goals and help evaluate them. We analyze each client’s financial profile, lifestyle objectives and attitude toward risk, and then develop a suitable wealth management plan. credits: www.goldmansachs.com

Prime Brokerage

Our Prime Brokerage Group provides services to help hedge funds manage risk, monitor their portfolios, maintain liquidity and build their businesses. With over 30 years of experience, a strong focus on client service and full access to the resources of Goldman Sachs, we offer customized solutions that help fund managers reach their business goals. credits: www.goldmansachs.com

Middle Market Financing and Investing

Middle Market Financing and Investing is offered through the Goldman Sachs Special Situations Group (SSG). SSG is a global, multi-asset class business, specializing in principal investing and lending in all levels of capital structures on a risk-adjusted return basis. SSG is the primary center for Goldman Sachs’ middle-market financing and investing activity. The group lends and invests Goldman’s capital directly to mid-sized companies. credits: www.goldmansachs.com

Goldman Sachs Reviews

1

Goldman Sachs Bangalore Review

AnonymousAnalystWorking since 0 months
Background
I am working at Goldman Sachs in their Strats division since 0 months. My job title is Analyst. I have been working with Goldman Sachs at their Bangalore office.
Overall work
Generally speaking my work is enjoyable, intellectual, satisfying.
Travel
In my work, I have to travel outside country
Work days
Monday to Friday
Work timings
12:30 PM to 9:30 PM flexible
Ratings
Overall job satisfaction
Work-Life balance
Attitude of collegues
Skill development
Office ambience
Facilities
Childcare, Gymnasium, Cafeteria, Work from home, Team outings, International relocation and Health insurance.

Goldman Sachs Interview questions

1

Goldman Sachs Summer employee interview

, 39 views
Abhijeet KrishnanFresherSelected
Application
I was interviewed on-campus at Visvesvaraya National Institute of Technology for Summer employee role at Goldman Sachs
Interview Process
Test Technical Interview Technical Interview Technical Interview HR Interview
Round 1

Test

Duration
1 Hours
No. of Questions
1 questions
Test Sections
  • Section 1: Coding Question
Interview Experience
There was a single coding question presented on the HackerRank platform. It was an algorithmic puzzle, where we had to code up a solution which passed the given test cases. Credit was given to solutions which passed the maximum test cases, but also which were readable and modularized.
Interview Tips
Solve questions on online judge platforms like Codechef or HackerRank.
Round 2

Technical Interview

Interview Questions
  • Question 1: How would you code a linked list? Show the code
  • Question 2: How would you design an elevator system for a building?
Interview Experience
The above questions were asked. I answered. The interviewer was helpful, and was discussing with me as well.
Round 3

Technical Interview

Interview Questions
  • Question 1: What is the difference between OOP and procedural programming?
  • Question 2: When would Java be used over C/C++?
Interview Experience
Questions were asked, I answered. The interviewer was a bit more strict here, and caught minor errors in terminology, but it was comfortable overall.
Round 4

Technical Interview

Interview Questions
  • Question 1: Given 10 balls which weigh the same, except for one, and a beam balance, what is the minimum number of weighs to find the odd ball?
  • Question 2: Given an island in the center of a lake, and you are standing outside the lake, how would you reach the center?
Interview Experience
The interviewer asked a series of logic puzzles. Some were open ended, and prompted a lot of discussion with the interviewer.
Round 5

HR Interview

Interview Questions
  • Question 1: Describe a time when you made a suggestion in a group and had it implemented
  • Question 2: Describe a time when you had to motivate people to work on something
Interview Experience
Very standard HR questions were asked
Skills

Skills Tested

  • Coding Skills And Knowledge On Data Structures
  • Solving Logic Puzzles
Read Full post...

Goldman Sachs team

Prashant Khemka

Associate Director, Asset Management
Past: State Street Global AdvisorsEducation : BE-Sardar Patel College of Engineering, Bombay ; MBA-Vanderbilt University ;CFALocation: Mumbai

Sanjiv Shah

MD&CEO, Asset Management
Past: DSP Merrill Lynch Ltd. , Benchmark Asset Management Company Pvt. Ltd.Education : M.Sc-Mumbai UniversityLocation: Mumbai

Lloyd Craig

Chairman and CEO
Past: Proskauer Rose,Donovan, Leisure, Newton & IrvineEducation : Harvard Law SchoolLocation: New York City

Gary D.Cohn

President and COO
Past: New York Mercantile ExchangeEducation : American UniversityLocation: New York City

Sonjoy Chatterjee

CEO
Past: ICICI Bank Ltd.Education : B.Tech(Chemical), MBA-IIM BangaloreLocation: Mumbai

Sajid Ahmed

Managing Director
Past: Goldman Sachs, Syntel Ltd, DDE ORG Systems LtdEducation : BE-Karnatak University, MS-Birla Institute of Technology and Science, PilaniLocation: Bangalore

Anand Ponnusamy

Vice President
Past: Mozy Inc - an EMC Company, pi Corporation - an EMC Company, ChoicePointEducation : BE-NIT Tiruchirappalli , MS-University of AlabamaLocation: Bangalore

Tushar Desai

Managing Director
Past: JP MorganChase, JP Morgan, HSBCEducation : B.Com-Narsee Monjee College of Commerce and Economics , ICWAILocation: Bangalore

Felix Raju

VP
Past: JPMorgan Chase & Co., Goldman Sachs Asset Management, IDBI BankEducation : B.Com-Mahatma Gandhi University , MBA-Aberystwyth UniversityLocation: Bangalore

Goldman Sachs office photos

goldman sachs worldwide office photos

( 15 photos )

goldman sachs office inside photos

( 61 photos )

Goldman Sachs amusing facts

  1. 1
    Ranked first in worldwide equity-related offerings, and common stock offerings. credits: www.goldmansachs.com
  2. 2
    Goldman only generates 14.4% of its revenue from investment banking. The bulk, 53%, is from sales & trading. credits: www.quora.com
  3. 3
    Unlike their rivals, Goldman's equity research analysts never, ever go on TV to discuss their opinions. credits: www.quora.com
  4. 4
    60% of their top executives are Jews, who only account for 2% of the US population. This is reportedly the highest ratio among peers. credits: www.quora.com
  5. 5
    It uses 1m computing hours per day for risk management calculations. credits: www.quora.com
  6. 6
    Sidney Weinberg, who started off as a janitor's assistant, went on to become the CEO and led the firm for 39 years. credits: www.quora.com
  7. 7
    Of the applicants who receive offers, 9/10 accept. credits: www.quora.com
  8. 8
    By market value, Goldman is only 37% the size of JP Morgan. credits: www.quora.com
  9. 9
    Revenue per employee was $1.29m in 2012. credits: www.quora.com
  10. 10
    The average employee compensation (salary + bonus) was $399,506 in 2012. credits: www.quora.com
  11. 11
    In 2010 and 2011, Goldman received 300,000 applications for full-time positions. 4% were given offers. credits: www.quora.com

Goldman Sachs office locations

Mumbai Office
Goldman Sachs, Appasaheb Marathe Marg, Prabhadevi
Mumbai
Maharashtra 400025
022 6616 9000
Bengaluru Office
Goldman Sachs Services Pvt. Ltd Cherry Hills, Embassy Golf Links Business Park, 6, Embassy Golf Links Business Park, Domlur Layout
Bengaluru
Karnataka

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