Would you like a Golden Ticket at Goldman Sachs?
Interested in making a fortune in investment banking? Preferably at Goldman? Here’s a tutorial created by 5 bankers advising you how to get hired:
Are you after the watching the video up to the challenge of convincing Goldman Sachs to hire you? Would they consider you part of the inner circle?
Is becoming a partner still equivalent to wealth beyond imagination?
It is said that Goldman Sach's partners are its highest executives and its biggest stars. The rumours are many but what’s really going on behind the scenes? An examination by The New York Times looks at the power and wealth of this secretive group:
Or maybe the world is changing and the allure of the financial markets is a thing of the past? On December 15th Fitch credit rating agency actually downgraded Goldman and several other large banks in Europe and the United States, stating that results from both economic developments and a myriad of regulatory changes will have a detrimental impact on them.
So is a career in Goldman Sachs till the lucrative ticket it was? Would a Golden Ticket make you happy? What have you got to offer them? Would they be interested in you? Or maybe you are not interested in joining Goldman? Maybe you think investment banking is a bad choice of career at the moment. After all, according to what we read in the press Goldman in getting rid of some staff. Do you believe that investment banks are hanging themselves due to their recent behavior? Is trust in brokerages declining? Will that result in a trend of more and more people opting for careers in other sectors?
Videos: BreakIntoBanking & The New York Times – You Tube
About Catarina AlexonNär Europa och USA brottas med ekonomiska problem kanske det är dags att fundera på nya marknader? Eller en omprioritering?
Har ett stort nätverk världen över och är skicklig på att utveckla och genomföra marknads och kommunikationsstrategier för olika typer av organisationer, målgrupper, länder och syften.
Tillsammans skapar och implementerar vi affärsstrategier som ger resultat
Tags: Fitch, Golden Ticket, Goldman Sachs, investment banking, The New York Times
January 9th, 2012 at 01:04
Terrific, enlightening post!
My recent post Practice Makes Eli Pariser Almost “Perfect” for his Talk at a TED Conference
January 9th, 2012 at 11:31
Glad you like it Richard.
January 9th, 2012 at 14:13
I remember used to having an interest in going to i-banking, but that was right before the many of the banks collapsed in Fall 2008. That and I remember visiting the Barclays HQ in NYC, and seeing how stressful of an environment it is. No matter how much they'd pay me, the hours and stress are way too much. Life is too short to be all about money.
My recent post Your Resume Gap Doesn’t Have to Suck
January 9th, 2012 at 17:36
OK, so you decided against a career in banking recently, Harrison.
January 9th, 2012 at 23:01
Hi Catarina,
No amount of money could interest me in a career in this field, I would be bored and I want to spend my time doing things that I love and am passionate about!
Stacy
My recent post Blogging Tips 101 Contest
January 9th, 2012 at 23:19
Another really interesting post Catarina. I can say I would not be a candidate for Goldman Sachs. That said I think being an investment banker will always be attractive for some and one reason is the lure of money.
My recent post What do Pinterst and Paul’s Hamburgers Have In Common?
January 9th, 2012 at 23:37
I couldn't imagine a career in banking, far too corporate for me!
I have a few friends in banking and whilst it's been a touch year for them no doubt they would want a gold ticket:)
My recent post Why you should be guest blogging
January 10th, 2012 at 11:45
OK so a Golden Ticket at Goldman is not for you Stacy.
January 10th, 2012 at 11:46
Agree with you Susan. Have the same opinion.
January 10th, 2012 at 13:54
I would say I a among the crowd where investment banking holds no intrest for me. I'm glad there are those out there whom this appeals.
My recent post Abhyanga: Self Massage
January 10th, 2012 at 14:11
Rebecca, out of interest, why are you glad there are people out there that investment banking appeals to?
January 10th, 2012 at 14:13
Agree with you Lilach. It's not for me but there are people out there who want a Golden Ticket.
January 10th, 2012 at 17:24
Hi Catarina,
I did spend some time selling securities and would never go back. It seems to be so hard for many people to think about spending money on the future and on something as intangible as mutual funds or life insurance. The company I represented, and I was told, no other companies could penetrate the market of people under forty. People always look at the top for reasons for the problems, but I found it was a very grassroots consumer attitude that caused people to spend every cent they had and then some on things or services for the moment. That would have to change in order to turn the investment trades situation around.
Lou
My recent post Slow Miracles
January 10th, 2012 at 19:10
So you are not interested Lou. Did you work for Goldman Sachs or any other top Wall Street firm?
January 10th, 2012 at 23:44
I worked for the (slippery rock) Prudential, Catarina
Louo
My recent post Slow Miracles
January 11th, 2012 at 08:04
Catarina, The video gave me an inspiration to work better. Like Goldman Sachs did, He actually don't look on professions of others, He just work well as a wise person and has a positive attitude.
My recent post לימודי נטורופתיה
January 11th, 2012 at 10:37
Caterina,
I am glad there are folks out there that pursue a career in investment banking just as I am glad there are folks pursuing a career in software engineering. Much as they are glad there are folks pursuing a career in the health field. It's fantastic that one doesn't have to be an expert about everything!
~Becca
My recent post Abhyanga: Self Massage
January 11th, 2012 at 10:41
OK, makes sense Rebecca.
January 11th, 2012 at 10:42
OK Lou.
January 11th, 2012 at 10:42
Glad the video inspired you Mika.
January 11th, 2012 at 21:23
Humm..Goldman Sachs. My passion isn't in backing and I thought you had to know someone to get into a field like that.
My recent post 10 Facts to Make the Law of Attraction Work for You-Stop the Time Delay Today
January 11th, 2012 at 21:26
I would have been interested in working at Goldman Sacks when the business was just getting started, but that's because I love entrepreneurship. But now, I would find it just as boring as I do working in any established company. Way too many rules and hierarchy for me.
My recent post New Business Goals for 2012
January 12th, 2012 at 03:36
As always, a well written post Catarina. I enjoyed the videos. I for one would not enjoy a career in banking. I enjoy working with numbers but I prefer something more creative.
My recent post How to Balance Traditional and Social Marketing Strategies
January 12th, 2012 at 11:51
Thank you Sherryl. Agree with you. Having said that though, the people inventing the new investment products are really creative. So creative not even they understand exactly how they work.:-)
January 12th, 2012 at 11:51
Good points Lesa.
January 12th, 2012 at 11:53
Definitely do, Tisha. But the interesting point about this post is if people are as interested as they used to be in a career in investment banking? Or has their behaviour that caused the recent recession made people opt for other sectors?
January 12th, 2012 at 18:08
I suspect that the banking fraternity today is viewed in the same way as used-car salesmen used to be
January 12th, 2012 at 18:10
I would never work for a bank it's much better to manage your own portfolio without any rules from others (just your own). By working in a investment bank like Goldman Sachs you would have to sacrifice your freedom and even your ethics, by the way Goldman Sachs doesn't has the best reputation about their ethics and the way they do business especially here in Europe…
My recent post The Fun of Coaching Frustrated Entrepreneurs
January 12th, 2012 at 19:34
Love that expression, Guy!!! Some of them should be…
January 12th, 2012 at 19:42
Kostas, it's not about Goldman as such but if people are less interested in a career in investment banking now than before Lehman Brothers collapsed.
Goldman just happaen to be the one that most people dreamed of working for. Are you aware of the amount of people who did everything in their power to get a foot in the door of Goldman Sachs? Once they were in they slept a couple of hours a night in a sleeping bag underneath their desk. Yout last sentence about reputation in Europe applies not only to Goldman but investment banks as a whole, I'm afraid.
By the way you could be an independent investor and have your freedom:-)
January 13th, 2012 at 07:36
Fascinating videos, Catarina. If I were still interested in being part of the corporate world (and if this were the 90s) I would go for Goldman. But I left the corporate world (and all that money I was used to) to go where the heart wants to go.
My recent post Insanely Productive
January 13th, 2012 at 11:33
OK Srinavas so you changed your mind about a career in investment banking. Because of their recent behaviour?
January 15th, 2012 at 12:09
Working for Goldman in a position that would earn a lot a money means that you will need to be prepared for a lot of stress. It's not easy money.
Goldman would likely hire you for your connections. Unfortunately… I don't have those type of connections where people have millions to invest. So it's not for me
My recent post Email Marketing – Mistakes Marketers Make On Ruining Response Rates
January 15th, 2012 at 12:11
In other words Alan, you would be interested but don't believe they would be interested in you:-)
January 16th, 2012 at 21:33
That's because we're all Keynesians!
January 26th, 2012 at 20:25
Catarina — To be crass about it, if you're a person who wants to make a lot of money and potentially join the 1% of very rich people that President Obama would like to tax some more, then rush to join Goldman Sachs. It's still the gold standard of investment banks and many people would kill to work for the company.
My recent post Optimizing Your Title Tag for Search Engines
January 27th, 2012 at 11:39
True Jeannette.