Goldman Sachs New York Internship

CesareBorgia · 09-09-2007, 10:44 AM

What are my chances for a Goldman Sachs New York Internship next summer? I go to UofC (Chicago), I have a 3.7-3.8 GPA, and I am working at Merrill Lynch PBIG (Private Banking & Investment Group) in Boston, MA. The Merrill Lynch is not a "real" internship, just something I got through my dad (he's a client), and is not nearly as prestigious as a New York Merrill Lynch internship. Next summer, I have offers to intern at Mckinsey (Chicago office), Goldman Sachs India (Bombay Office) and Bain Capital (Boston HQ), among others. These all are excellent backups (that I can get through my dad, without an application or anything), but I want to apply to the Goldman Sachs Summer Analyst program. What are my chances? I have connections to Goldman Sachs regional branches, but no connections to the actual New York HQ. Is there any way to leverage regional connections into a GS NY internship?

taffy · 09-09-2007, 12:46 PM

Quote:

Goldman Sachs India

deeear god. that sounds like an awesome summer. how do I, without my dad's help, lock that summer job up?

sorry I can't really help you with your other question.

CesareBorgia · 09-09-2007, 02:14 PM

The Bombay office is new, so it might not be that hard. Then again, I speak Gujarati & Hindi, so I don't know how hard it would be if you didn't speak any local languages.

sammy101 · 09-12-2007, 11:39 PM

Dude you have a 3.7 at UofChicago.....just apply and you will get interviews so the rest is up to you.

And by the way, how rich is your dad? If he's rich enough a client for ML that he can get you an internship there.... you probably don't even need to go into ibanking...

taffy · 09-13-2007, 05:44 PM

yeah, pursue a career in partying.

i wish i could be van wilder

Don't you think they would speak English there?

taffy · 09-13-2007, 06:26 PM

also, how do I go about applying to such places? do i go through the normal process but say i want to work overseas?

red sox 7327 · 09-14-2007, 10:37 AM

Why in God's name would you want to do an investment banking internship when it seems as if (1) you are rich, (2) your dad is a legend, and (3) you have uber connections that could help you facilitate a bunch of much more interesting ventures.

If your dead set on these internships you speak of, go to Bain or Mckinsey.

CesareBorgia · 09-14-2007, 08:55 PM

yeah sure, I don't have to work in Ibanking, but I am (gasp) actually interested in the field. Also I enjoy sadistic levels of work (hence choosing UChicago).

red sox 7327,
why do you suggest Bain or Mckinsey over Goldman Sachs Bombay?

red sox 7327 · 09-15-2007, 11:44 AM

Safer proposition.

If I was in your shoes, which I can only hope to partially be one day, the varied experience I could receive from a top consulting firm would trump an investment banking internship. Also, the type of support you receive at a consulting firm for future career moves is nothing short of amazing.

Back to the first two words of this post, a great known is better than GS Bombay, which is largely an unknown.

O, and because John Legend was a consultant.

red sox 7327 · 09-15-2007, 11:55 AM

Quote:

yeah sure, I don't have to work in Ibanking, but I am (gasp) actually interested in the field.

Opinions may vary, but here goes:

1. Consulting can be very interesting.
2. Trading can be very interesting.
3. Private Equity can be very interesting.
4. Hedge Funds can be VERY, VERY, VERY interesting (exotic derivative theory --- /salivate).
5. Underwriting and M&A just interesting.

If you desire 1-4 and can get there without doing 5, I would do it. If not then go through five.

Of course, if you find 5 to be very interesting then to each his own.

Majayiduke09 · 09-15-2007, 12:01 PM

I would take McKinsey over Goldman Sachs - Bombay any day, and attempt to parlay that into an FT job when I graduate,, especially if I see business school in my future.

But to each is his own.

FBI_34 · 09-15-2007, 11:52 PM

I've done a banking internship in India - the one thing I can tell you is that you won't do much because there is really no formal program for undergraduates (I got the job through my dad as well) as all their interns are usually MBA students
with a lot more experience. You'll mostly be sitting around and occasionally helping in an analyst.

Stay in the U.S. if possible...you'll probably learn more.

CesareBorgia · 09-16-2007, 01:44 PM

red sox 7327,
2&3& especially 4 are what I am interested in. I will actually be taking Math Fin classes as an undergrad at the business school (the University of Chicago is arguably one of the best places for Math Fin), and some stochastic calculus, etc. I am not interested in 5, and plan never to do M&A.

Majayiduke09,
FT?

FBI_34,
Thanks a lot, this is great advice. There is no formal program, and I do agree that the work I will be given will be limited.

ixjunitxi · 09-19-2007, 09:17 AM

Dude your golden anywhere (at least on paper) U of Chicago is known for being notoriously hard and recruiters know this and you have a 3.7. You could get interviews without your father. I think you have a great shot given you do well in your interviews.

Majayiduke09 · 09-19-2007, 11:23 PM

Cesare,

FT = full-time