Goldman Sachs is Hiring Analyst | Finsplitz

Introduction

Are you a driven and intellectually curious individual looking to launch your career at the forefront of global finance? Goldman Sachs, a leading global financial institution, is actively seeking talented Analysts to join its diverse teams in India, primarily in Bangalore and Hyderabad. Goldman Sachs provides a wide range of services, including investment banking, securities, and investment management, to a substantial and diversified client base globally. As an Analyst at Goldman Sachs, you will be a critical contributor from day one, gaining unparalleled exposure to complex financial markets, cutting-edge technology, and strategic business initiatives. Whether your passion lies in financial analysis, technology innovation, or operational excellence, Goldman Sachs offers a challenging and rewarding environment for ambitious graduates and early-career professionals.

Roles and Responsibilities

The responsibilities of an Analyst at Goldman Sachs vary significantly depending on the division and specific team you join. However, common themes across all Analyst roles emphasize analytical rigor, problem-solving, and a high degree of collaboration. Here’s a breakdown by typical divisions:

• Investment Banking (IB) Analyst:

  • Financial Analysis: Performing in-depth financial analysis, valuation (DCF, comparable company/transaction analysis), and financial modeling (LBO, M&A models) for client engagements.
  • Pitchbook & Presentation Creation: Assisting in the preparation of client presentations, pitchbooks, and marketing materials for M&A, financing (equity/debt offerings), and strategic advisory assignments.
  • Industry Research: Conducting comprehensive industry, market, and company-specific research to support strategic advice and deal execution.
  • Due Diligence: Assisting in due diligence processes for transactions.
  • Transaction Execution: Supporting senior bankers in all phases of deal execution.

• Global Markets (Sales & Trading) Analyst:

  • Market Research: Analyzing market trends, economic indicators, and company news to identify trading opportunities and risks.
  • Client Support: Assisting sales and trading desks with client inquiries, trade execution support, and post-trade analysis.
  • Data Analysis: Working with large datasets to develop trading strategies, analyze portfolio performance, and generate reports.
  • Risk Management: Understanding and monitoring market and credit risks associated with trading activities.

• Asset & Wealth Management (AWM) Analyst:

  • Investment Research: Conducting research on various asset classes (equities, fixed income, alternatives) and investment strategies.
  • Portfolio Analysis: Assisting in portfolio construction, performance attribution, and risk analysis for client portfolios.
  • Client Servicing: Preparing client reports, performance reviews, and responding to client requests.
  • Market Commentary: Supporting the creation of market commentary and investment insights.

• Engineering (Technology) Analyst:

  • Software Development: Designing, developing, testing, and deploying scalable and robust software solutions for trading platforms, risk management systems, data analytics, and client-facing applications.
  • System Architecture: Contributing to the architecture and design of critical firm-wide systems (e.g., core ledgers, trading technology, infrastructure platforms).
  • Data Engineering: Building and maintaining data pipelines, managing large databases (SQL, NoSQL), and ensuring data quality.
  • Cybersecurity: Developing and implementing solutions to monitor and manage cyber security risks, or providing security advisory to other engineering teams.
  • Quantitative Analysis: Developing quantitative models for prediction, pricing, trading automation, and risk management (for Quant Strategist roles).
  • Automation: Implementing automation scripts and tools to improve efficiency and reduce manual interventions.

• Operations Analyst:

  • Transaction Management: Ensuring the accuracy and efficiency of every step of a trade or transaction, from execution to settlement and reporting.
  • Process Improvement: Identifying inefficiencies in operational workflows and collaborating with technology teams to design and implement system enhancements.
  • Risk Mitigation: Protecting the firm and clients from financial loss, penalties, and other risks by monitoring systems and reengineering processes.
  • Data Management: Managing and overseeing data flows, including validation and quality control.

• Risk Analyst:

  • Risk Measurement: Quantifying and analyzing market risk, credit risk, operational risk, and liquidity risk.
  • Regulatory Reporting: Assisting with regulatory reporting requirements and ensuring compliance with risk policies.
  • Model Validation: Validating risk models and ensuring their accuracy.

Salary and Benefits

Goldman Sachs offers a highly competitive compensation package and comprehensive benefits for Analysts in India, aligning with its status as a top-tier global financial services firm. Compensation typically includes a base salary, performance-based bonus, and sometimes stock options/RSUs (more common for Engineering roles).

• Competitive Base Salary:
  • For a New Analyst (0-1 year experience) across various divisions, the average annual total compensation in India can range from ₹15 lakhs to ₹25 lakhs per annum.
  • For Investment Banking Analysts, specifically, entry-level salaries are competitive, with reported figures often starting at ₹20+ lakhs per annum.
  • Technology (Engineering) Analysts can also expect competitive packages, with base salaries often in the range of ₹18 lakhs to ₹25 lakhs for fresh graduates, including potential for higher total compensation with bonuses and stock.
  • As an Analyst progresses, total compensation can increase significantly, with experienced Analysts potentially earning upwards of ₹30 lakhs to ₹40+ lakhs per annum in total compensation (including bonus).
  • The overall average salary at Goldman Sachs in India is around ₹31.4 lakhs, though this includes all levels and functions. For an Analyst, specific divisional averages are more relevant.
• Performance-Based Bonus: A substantial portion of the total compensation is often tied to individual, team, and firm performance, rewarding high achievers.
• Restricted Stock Units (RSUs): For certain roles, especially in Engineering or higher levels, RSUs may be part of the compensation package, typically vesting over 3-4 years.
• Comprehensive Health & Wellness: Includes robust medical, dental, and vision insurance for employees and their families. Access to on-site health centers (in some offices), Employee Assistance Programs (EAP), and various wellness initiatives.
• Retirement & Financial Wellness: Provident Fund (PF) and other retirement savings plans. Access to financial education, planning resources, and an Employee Stock Purchase Program (ESPP) may be available.
• Learning & Development: Goldman Sachs is renowned for its commitment to employee growth:
  • Extensive training programs (including initial firm-wide and divisional-specific training for New Analysts).
  • Ongoing learning opportunities, access to internal resources, and mentorship programs.
  • Clear career progression paths from Analyst to Associate, Vice President, and potentially Managing Director.
• Work-Life Effectiveness: While demanding, Goldman Sachs offers competitive vacation policies, parental leave, and other forms of leave.
• On-site Amenities: At major campuses (like Bangalore), this often includes various amenities such as food services, fitness centers, and more.
• Global Exposure: Opportunities to work with global teams and clients, gaining exposure to international markets and diverse business practices.

Eligibility Criteria

Goldman Sachs seeks highly driven, intellectually curious, and collaborative individuals. While specific requirements vary by division, general eligibility criteria for Analyst roles include:

• Educational Qualification: A Bachelor’s or Master’s degree from a reputable university.
  • For Investment Banking, Global Markets, AWM, Risk, Operations: Degrees in Finance, Economics, Business Administration, Accounting, Mathematics, Statistics, or related quantitative fields are preferred.
  • For Engineering (Technology): Degrees in Computer Science, Computer Engineering, Electrical Engineering, Information Technology, or related technical disciplines are essential.
• Academic Excellence: A strong academic record is crucial.
• Relevant Experience (for lateral hires):
  • New Analyst Programs (for fresh graduates): Little to no prior full-time work experience is expected, though relevant internships (e.g., Summer Analyst internships at Goldman Sachs or other financial firms) are highly valued.
  • Experienced Analyst roles: 1-3 years of experience in a relevant field (e.g., financial analysis, software development, data analysis, operations in financial services).
• Key Skills (vary by division):
  • Analytical & Problem-Solving: Exceptional analytical, quantitative, and problem-solving skills. Ability to work with complex data and derive meaningful insights.
  • Communication: Excellent verbal and written communication skills to articulate complex ideas clearly and concisely to diverse audiences.
  • Technical Proficiency:
    • For IB/Finance: Strong proficiency in Microsoft Excel (financial modeling, data manipulation), PowerPoint (presentations), and potentially financial databases (Bloomberg, Refinitiv Eikon).
    • For Engineering: Strong programming skills in languages like Python, Java, C++, Go. Solid understanding of data structures, algorithms, operating systems, and distributed systems. Experience with databases (SQL/NoSQL) and cloud platforms is a plus.
    • For Data-focused roles: Proficiency in SQL, Python/R, and data visualization tools (Tableau, PowerBI).
  • Financial Acumen: A strong interest in and understanding of financial markets, products, and valuation principles (for finance-related roles).
  • Attention to Detail: Meticulous and thorough, with a strong eye for accuracy.
  • Teamwork & Collaboration: Ability to work effectively in a fast-paced, global team environment.
  • Proactiveness & Ownership: Self-starter with a strong sense of ownership and accountability.
  • Adaptability: Ability to thrive in a dynamic and constantly evolving environment.

Application Process

Ready to begin your career at Goldman Sachs? Here’s a general overview of the application process for an Analyst role:

1. Online Application: Visit the official Goldman Sachs Careers website (www.goldmansachs.com/careers) and search for “Analyst” roles. Goldman Sachs also conducts campus hiring programs for New Analysts.
2. Resume & Cover Letter (Optional but Recommended): Submit a tailored resume highlighting your academic achievements, relevant internships, projects, and skills. A concise cover letter can further articulate your interest in a specific division.
3. Initial Screening: Recruiters review applications. If shortlisted, you might receive an invitation for an initial phone or video interview.
4. Online Assessments (Common):
   • Numerical/Logical Reasoning Test: Often for finance roles to assess quantitative aptitude.
   • Situational Judgement Test: To assess how you would react in typical workplace scenarios.
   • Technical Assessment (for Engineering roles): A HackerRank or similar coding assessment with problems focusing on data structures, algorithms, and possibly CS fundamentals.
5. HireVue Video Interview: Often an early stage, pre-recorded video interview where you answer a set of behavioral and sometimes technical questions.

Interview Process

The interview process at Goldman Sachs is rigorous and designed to assess a candidate’s intellectual curiosity, analytical capabilities, communication skills, and fit with the firm’s culture. It typically involves multiple rounds:

• Round 1: Technical/Fit Interview (Phone/Virtual)

  • Focus: This can be a mix of technical questions relevant to the role/division and behavioral questions.
  • For Finance roles: Expect questions on financial accounting concepts, valuation basics, market knowledge, and brain teasers.
  • For Engineering roles: May involve a live coding question (data structures & algorithms) or in-depth discussions on CS fundamentals (OS, OOPs, DBMS) and your projects.
  • Behavioral: Questions about your resume, experiences, and why Goldman Sachs/this role.

• Round 2: Technical/Case Study Interview (Phone/Virtual)

  • Focus: Deeper technical dive or a case study.
  • For Finance roles: Could be a mini case study involving financial analysis, market scenario interpretation, or a more complex valuation problem.
  • For Engineering roles: More complex coding problems, system design questions (for experienced candidates), or discussions on specific technologies relevant to the team.
  • Quant/Data Science roles: Probability, statistics, and machine learning concepts.

• Final Round Interviews (On-site / Virtual On-site)

  • Focus: Comprehensive assessment by multiple interviewers (e.g., 3-5 rounds) from different teams or levels. These rounds often mix technical, behavioral, and “fit” questions.
  • Behavioral/Competency-based: Focus on your leadership, teamwork, problem-solving under pressure, resilience, and ethical judgment. Expect questions using the STAR method (Situation, Task, Action, Result). Examples: “Tell me about a time you failed,” “How do you handle demanding situations/deadlines?”, “Describe a time you had to persuade someone with data.”
  • “Why Goldman Sachs?” and “Why this division/role?”: Be prepared with well-researched and genuine answers.
  • Technical/Situational: Further technical questions relevant to the role, or discussions around hypothetical business scenarios.
  • “Googliness” (for tech roles): While Google uses this term, firms like Goldman Sachs also look for curiosity, adaptability, and cultural alignment.

• HR Round: Typically the last round, focusing on cultural fit, compensation expectations, and logistical aspects.

Throughout the process, demonstrate intellectual curiosity, a strong work ethic, attention to detail, and excellent communication skills. Research the firm and the specific division thoroughly.

Conclusion

Joining Goldman Sachs as an Analyst is a stepping stone to a challenging and rewarding career in finance or technology. You will gain invaluable experience, work with industry leaders, and contribute to impactful projects that shape global markets. If you are a high-achieving, driven individual ready to embrace a fast-paced and intellectually stimulating environment, explore the Analyst opportunities at Goldman Sachs today!