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Goldman Sachs Mba Fellowship Application Personal Statement

Employees conversing in the cafeteria

What excites you personally about working for Goldman Sachs? 

What excites me about working here is the people that I work with. And it was actually the principal driving reason to get me to come here. I had worked with Goldman Sachs externally before I joined the firm. Coming in here, one of the things that really attracted me was that I’d get to work with very bright people who were driven, motivated, and very passionate about what they do.

Part of what makes that special is the fact that so many people here have a passion for what they do for work, for the collective benefit of Goldman Sachs and for our clients as opposed to being focused on the individual benefits. Being in an environment like that, for me, has been the opportunity to continue to become better at my profession, to continue to learn and to improve. When your teammates are performing at a high level, it inspires you to do the same thing.

That is what initially attracted me to come here. 14 years later, I honestly don’t think that I’ve ever been disappointed from that initial driving force. The only thing that has probably changed after 14 years is when I first started here, I was learning every single day from those senior to me. As I’ve grown my career within the firm, now I learn a lot more from those junior to me.

Still, it’s the opportunity to work with really bright, driven people who share a common goal.

Any thing else that you’d like to add for our readers?

Something that I think is important to highlight: We have a number of strategies to help identify top MBA talent, but we also have a number of strategies to identify MBA talent from under-represented candidate populations. This strategy includes a number of different events and conferences that we host either at our office or in partnership with external organizations or scholarships we offer to top students from underrepresented backgrounds.

One event that would be an example of that would be our MBA Camp. This is for underrepresented students. It’s a one day program that we hold in the spring (pre-MBA) and it really helps us explain the opportunities that exist at the firm. The students meet with senior leaders, [who] discuss their career paths at the firm. And students also have an opportunity to network with Goldman Sachs professionals.

Another program that we have is the MBA Women’s Summit. This is for first-year female MBA students and they are invited here for a two day conference at our headquarters at 200 West Street. The event begins with dinner for students and Goldman Sachs professionals. The next day, we have senior leaders speak on a variety of firm initiatives. We try to educate people on the firm that way. From there, the attendees break out into sessions that are focused on things like interview preparation for businesses that they’ve identified interest in. We try to give them the right direction on things to focus on.

We hold a Veterans Career Summit that’s similar to the other two programs I just spoke to. They’re open to first year MBAs who are returning veterans and have military experience. Finally, we have our Pride Summit, which is also similar to those other programs in terms of the networking and the informational aspect of the program. It focuses on first-year MBA students who identify themselves as LGBT.

Last point I’d note that we do offer an MBA Fellowship, which is a scholarship that’s offered to underrepresented students and female students who’ve accepted a summer associate offer with the firm. We’ve really tried to move the needle on attracting underrepresented groups to our industry.




Why Is Goldman Sachs Hiring So Many MBAs?

If you are looking for a career in finance, it’s likely that industry giants like Goldman Sachs, J.P. Morgan and Morgan Stanley are already on your wish list of potential careers. Thankfully, the same companies you are looking for may just be looking for you.

Even though an MBA doesn’t guarantee you an automatic spot at an investment bank, industry leaders like Goldman Sachs consistently top the list of MBA-hiring companies. In 2015, Goldman Sachs once more topped the list of MBA employers, ranking #7, with 10.71% of MBA’s surveyed expressing a desire for employment with the company.

Last year, Goldman Sachs hired more than 200 summer associates globally. And with the opportunities for MBA fellowships and summits, your career wish list might just come true.

Why is Goldman Sachs hiring so many MBAs?

Recruiting and training new talent from MBA programs is viewed as an important part of the hiring process at Goldman Sachs. As of 2015, the global co-head of campus recruiting, Sandra Hurse, stated that new MBA hires are viewed within the company as a “pipeline of talent that we would tap for future leadership of the firm.”

At Goldman, the training and development of hires is truly seen as crucial for success within the firm. In a blog post from the company, MBA recruiter Gabrielle offered advice and answered questions for potential MBA recruits. In the post, Gabrielle reemphasizes the importance of MBA recruits at Goldman Sachs, particularly the opportunities they provide for leadership development within the company, which include in-person and online seminars, mentorships, and customized leadership coaching.

What Potential Paths Lead to Employment at Goldman Sachs?

With the benefits of hiring new MBA talent seen as an indelible aspect of the company’s success, Goldman Sachs provides several possible paths to employment.

The company recruits at more than 75 campuses worldwide, including the United States, United Kingdom, INSEAD in France and the Hong Kong University of Science and Technology. Even if a Goldman Sachs representative doesn’t recruit directly from a particular school, all students are welcome to apply to the company online.

If you did not study finance before your MBA program, there’s no need to be concerned. Goldman Sachs encourages MBAs who have or are in the process of a career shift. No need for a resume packed full with finance experience — Goldman Sachs seeks any candidate who can demonstrate their interest in the industry and takes advantage of opportunities in finance outside of the classroom.

Finally, Goldman Sachs offers opportunities such as the Goldman Sachs MBA Camp or Goldman Sachs MBA Women’s Summit, which give MBA students the opportunity to learn more about the financial services industry, as well as internship/career openings and networking opportunities.

What kind of jobs can I get at Goldman Sachs with an MBA?

According to MBA Recruiter Gabrielle, MBAs can be found throughout every department at Goldman Sachs. While several MBAs get their start in Investment Banking or Private Wealth Management, there are opportunities available throughout the firm. Just a few possibilities are listed below.

Asset Management:Goldman Sachs Asset Management works alongside both institutional and individual investors to provide solutions and strategies for investment concerns that span industries, geography and asset class. GSAM is one of the leading investment managers in the world, boasting more than 2,000 professionals in 34 offices around the globe.

Finance: The finance department at Goldman Sachs welcomes professionals from diverse backgrounds, including such fields as accounting, quantitative analysis and tax. The finance teams are divided into discrete groups which cover responsibilities such as managing liquidity risk, long-term debt issuance and assessing the credit-worthiness of the firm’s counter-parties, among others.

Merchant Banking:There are a number of options available within the Merchant Banking field, including analyst and associate. When investments are made or portfolio companies harvested, analysts work on finance and acquisition related activities, often working alongside senior management and professionals in various areas across the firm. Associates vary in their roles from day-to-day, ranging from responsibilities in deal documentation to due diligence meetings.

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