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What would you do for an internship at Goldman Sachs?

Discussion in 'General Chat' started by RetroFlow, Aug 7, 2009.

  1. binge

    binge Well-Known Member

    Messages:
    5,210
    Joined:
    Jan 5, 2008
    Location:
    San Francisco
    Would you take less than the SF fallback amount of $250,000/year?

    Only if they paid me in turntables.
     
  2. SkinnyGoomba

    SkinnyGoomba Well-Known Member

    Messages:
    12,589
    Joined:
    Jan 3, 2008
    Location:
    The American Gardens Building, West 81st
    Murders and Executions mostly.

    [​IMG]
     
  3. merkur

    merkur Well-Known Member

    Messages:
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    ..
     
    Last edited: Jul 30, 2011
  4. djrajio

    djrajio Well-Known Member

    Messages:
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    Jun 7, 2006
    They are a risk arbitrage desk. Typically the desk purchases stocks in companies that are going to be takeover targets, going long the acquirer and short the acquiring companies. Signals may represent hostile takeovers, mergers, leveraged buyouts, etc. My explanation is simplistic in nature and I suspect nowadays they heavily use derivatives for hedging risk/applying leverage and apply a more quantitative and blended low/high touch investment process.

    GS SSG is significant because

    Eric Mindich - Eton Park
    Daniel Och - Och-Ziff
    Robert Rubin - US Treasury Secretary
    Richard Perry - Perry Capital
    Thoma Steyar - Farallon Capital
    Eddie Lampert - ESL Investments
    etc.,

    all started off at SSG at GS..
     
  5. leftover_salmon

    leftover_salmon Well-Known Member

    Messages:
    954
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    May 26, 2007
    SSG does more than that. They also include typical distressed investing as well as hedges against O/S GS positions at lower levels.
     
  6. v.freeman

    v.freeman Well-Known Member

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    Jan 28, 2010
    I usually just lurk but I thought this thread was funny. Internship recruiting started recently at my university and I'm sure kids in my business program are willing to slit each other's throats for the job.
     
  7. poorsod

    poorsod Well-Known Member

    Messages:
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    Apr 13, 2005
    http://dealbreaker.com/2010/01/prosp...intern-wil.php
    [​IMG]
     
  8. dusty

    dusty Well-Known Member

    Messages:
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    Feb 8, 2005
    Location:
    ohio
    convert to Judaism
     
  9. djrajio

    djrajio Well-Known Member

    Messages:
    53
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    Jun 7, 2006
  10. imageWIS

    imageWIS Well-Known Member

    Messages:
    20,008
    Joined:
    Apr 19, 2004
    Location:
    New York City / Buenos Aires
    You're lying.

    Don't mind Conne, he lives in a clinically insane fantasy world.
     
  11. imageWIS

    imageWIS Well-Known Member

    Messages:
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    Joined:
    Apr 19, 2004
    Location:
    New York City / Buenos Aires
    I usually just lurk but I thought this thread was funny. Internship recruiting started recently at my university and I'm sure kids in my business program are willing to slit each other's throats for the job.

    My cousin is getting his B.S. in Econ from Columbia and had a summer internship at ML at one of the international desks and did quite well, and while he was able to find employment with another firm (consultancy), he will be based out of Ohio and not NYC (which is where he wants to live).

    Thus, whilst an internship at a big firm is great, don't expect it to open every door, merely use it as a very good stepping stone.

    convert to Judaism

    [​IMG]
     
  12. Flambeur

    Flambeur Well-Known Member

    Messages:
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    Mar 19, 2008
    oh WTF resume/cover letter
     

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