Goldman Sachs Early Careers | Financial Modeling / Research | Dallas
MORE ABOUT THIS JOB
Please note division and function examples are representative of opportunities common for this skill-set. The list is not exhaustive, and availability of open roles is determined based on business need. Specific roles will be confirmed through the interview process.
RESPONSIBILITIES AND QUALIFICATIONS
Playing a key role in measuring, reporting and forecasting the profitability of the firm’s complex products and services, colleagues that focus on accounting and financial planning are responsible for ensuring the firm’s financial information is accurate and comprehensive for reporting and regulatory purposes. Teams partner with business leaders to provide advice on the financial and regulatory considerations when executing business with our clients.
Accounting and financial planning teams across the firm embody strong analytical skills, attention to detail, and a desire to develop a deep understanding of financial fundamentals.
Divisions and Job Functions
Investment Banking Division works on some of the most complex financial challenges and transactions in the market today. Whether advising on a merger, providing financial solutions for an acquisition, or structuring an initial public offering, we handle projects that help clients at major milestones. We work with corporations, pension funds, financial sponsors, and governments and are team of strong analytical thinkers, who have a passion for producing out-of-the-box ideas
- Industry Group Coverage Banking works in developed and emerging markets worldwide to deliver banking services for a wide range of industries. Our team approach to client service enables our bankers to play an important role in building relationships and executing transactions. Classic investment bankers have expertise advising clients across industries, regions and products. Teams are organized by industry group, including Consumer Retail Group, Financial Institutions Group, Financial and Strategic Investors Group, Healthcare, Industrials, Public Sector & Infrastructure, Natural Resources, Real Estate, and Technology, Media and Telecom, as well as by region, country and company size as part of the Cross Markets Group
- Financing Group Coverage Banking sits within a dynamic, market-driven environment, our teams work closely with corporate clients, pension funds, financial sponsors and governments to structure and execute some of the largest and most complex financing and risk management solutions across the full product spectrum, including equity, debt and derivatives. To achieve this goal, the Financing Group comprises all Goldman Sachs’ capital markets departments, and operates on close cooperation with other areas of Investment Banking and other divisions within the firm, including Fixed Income, Currency and Commodities and Equities. Teams are organized by product group including Leveraged Finance, Equity Capital Markets, Investment Grade, Structured Finance, Corporate Derivatives and Emerging Markets.
Merchant Banking Division invests in corporate equity and corporate debt, real estate equity and real estate debt and infrastructure worldwide. We also provide asset management services to investments where Goldman Sachs has an interest. Consisting of over hundreds of professionals in six offices around the world, our business operates on a global platform.
- Equity Investing team invests in private equity, infrastructure as well as growth stage and technology companies. The group invests across a broad range of industries in the Americas, Europe and Asia seeking to maximize investment value through financial and operational value creation. MBD seeks long-term capital appreciation by committing equity to high quality companies with strong management. We seek to generate superior returns in a variety of situations, including leveraged buy-outs, recapitalizations, growth investments and stressed/distressed investments across a range of industries and geographies.
- Credit Investing associates work as part of small deal teams responsible for identifying, structuring, executing and monitoring corporate debt investments. Associates are involved in a wide range of high profile transactions across the capital structure and in a variety of industries in support of transactions that include leveraged buy-outs, take privates, add-on acquisitions and recapitalizations
- Real Estate team supports real estate investing across multiple product types across the US. This includes sourcing, underwriting and due diligence, acquisitions, asset management, construction and development oversight, financings and dispositions for the firm's real estate investments.
- Infrastructure manages three funds that invest globally in infrastructure opportunities in sectors such as energy, telecommunications and transportation. We seek to identify investment opportunities with potential for operational value creation and have developed an active approach to asset management
Executive Office Division is comprised of diverse businesses directly related to our corporate strategy, culture and brand. It includes corporate communications (internal communications, media relations and brand and content strategy), investor relations, government affairs, environmental markets and the office of corporate engagement. Our stakeholders include employees, shareholders, the media, policy makers, alumni and the general public.
- Firmwide Strategy reports to the firm’s Chief Strategy Officer, who is an ex-officio member of Management Committee and work with the Executive Office and senior divisional and business unit management to set and execute key strategic priorities for the firm. We develop, evaluate, and execute plans for new businesses and growth initiatives and leads strategic transactions, including joint ventures, acquisitions, and dispositions, on behalf of the firm.
- Investor Relations works closely with Goldman Sachs senior management to shape the firm’s external messaging for research analysts, debt and equity investors, proxy advisory firms, rating agencies and credit counterparts. This is a unique position that allows candidates to develop an Investment Banking valuation and modelling skill-set and Securities Division market perspective while gaining exposure to senior management, rating agencies, research analysts and key investors. Candidates will work directly with all members of the group across our debt and equity, corporate governance and rating agency teams
Goldman Sachs Asset Management (GSAM) is one of the world’s leading investment managers. GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies. We help our clients navigate today’s dynamic markets, and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world’s leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices.
- Fundamental Equity conducts original, bottom-up research across a broad range of capitalizations and styles, spanning global developed and emerging markets. This team utilizes growth equity, value equity, global equity and real estate securities strategies.
- Fixed Income seeks to uncover opportunities across borders and in under-researched markets. We use independent specialist teams for bottom-up and top-down decisions, and for generating strategies within their areas of expertise. The Fixed income team includes money market products, central funding and liquidity management businesses
- Alternative Investments & Manager Selection (AIMS) provides investors with investment and advisory solutions, across leading hedge fund managers, private equity funds, real estate managers, public equity strategies fixed income strategies and environmental, social and governance integrated and impact investments. The AIMS Group manages globally diversified programs, targeted sector-specific strategies, customized portfolios, and a range of advisory services. Our investors access opportunities through new fund commitments, fund-of-fund investments, strategic partnerships, secondary market investments, co-investments, and seed-capital investments.
- Global Portfolio Solutions is a leading provider of multi-asset class investment solutions tailored to the specific needs and objectives of institutional clients. With professionals located around the world focused on investment and services, the team performs research, develops market insights, implements and manages multi-asset allocation strategies including tactical investment decisions and the specific application of risk management strategies and processes.
- Credit Alternatives is an investing platform that manages approximately $13bn of total capital. The team utilizes a bottom-up, fundamentally based investment approach seeking to provide investors with access to fixed income like strategies that are in non-traditional form and generate differentiated sources of yield for investors over the long-term. The team’s current investment strategies include Private Middle Market Credit and Renewable Power. Private Middle Market Credit is a direct origination strategy focused on lending to U.S. middle-market companies. Renewable Power is focused on owning and operating renewable power assets. On behalf of clients, the team manages a range of commingled funds (including a publicly listed business development company (NYSE: GSBD), separate accounts and a private yieldco (Goldman Sachs Renewable Power LLC).
Consumer externally known as Marcus by Goldman Sachs, is comprised of the firm’s digitally-led consumer businesses, which include our deposits and lending businesses, as well as our personal financial management app, Clarity Money. Consumer combines the strength and heritage of a 150-year-old financial institution with the agility and entrepreneurial spirit of a tech start-up. Through the use of machine learning and intuitive design, we provide customers with powerful tools that are grounded in value, transparency and simplicity to help them make smarter decisions about their money. Example teams seeking financial modelling/research skills:
- Credit Risk builds the credit strategy for a digital consumer lending business at Goldman Sachs
- Underwriting designs and continuously improves end-to-end underwriting processes, ensuring compliance with all regulatory laws
- Business Development / Partnerships is responsible for managing business development activity across Consumer business lines. These responsibilities include identifying and sizing partnership opportunities, assessing deal profitability and structuring for optimal economics, establishing and maintaining relationships with prospects, managing pitch processes and all elements of execution (i.e. modeling, deal structuring and negotiating). Functionally, this role supports the broader team through development and production of pitch materials, analysis and sizing of potential opportunities, modeling of full P&L opportunity, and cross-functional socialization with various internal stakeholders. The team works closely with all Consumer business lines and control functions including but not limited to Lending, Savings, Legal, Compliance, Technology, as well as broader Consumer leadership and other divisions such as IBD, Securities and MBD.
BASIC QUALIFICATIONS
- Bachelor’s degree (2017 – December 2019)
- 0-3 years of prior work experience in a relevant field.
- Proficient to advanced skills with MS Office (Excel, PowerPoint, Word, Outlook)
- Highly organized with exceptional attention to detail and follow-through
- Strong ability to manage multiple projects with competing deadlines
- Team player with positive attitude and strong work ethic
- Strong communication skills (written and verbal)
- Ability to work in a fast-paced environment
- Strong academic record with background in finance, economics, accounting or math preferred
- Experience with modelling and financial statements analysis
- Ability to process and analyze high volumes of information and proactively form and express independent judgements
- Commercially savvy with ability to exercise discretion with respect to highly confidential/sensitive information
- Some roles will require proficiency in R, Python, or similar for statistical modeling and analyzing time-series data