Good groups at Goldman Sachs other than TMT/FIG

Obviously, GS's top two groups are TMT/FIG. What are its other strong groups? What are groups to stay away from? I realize that Goldman has been discussed ad nauseum on WSO, but there isn't too much consistent info on which of the other groups are strong. I'm primarily concerned about deal flow/exit opps to PE.

 

So here's the impression I've gotten so far:

1.) TMT/FIG 2.) Nat Res/HC/Consumer 3.) Industrials

Anybody else have insights? Pros/cons? Any other relevant groups?

dollas
 

I'd agree with the above.

Healthcare is the obvious group in the US. NR and Industrials is also good and consistently strong across Asia-Pac too.

 

CRG and Healthcare are top notch for culture and opps. Would choose one of these to get the best opps and enjoy your 2 years.

FIG has iffy to amazing culture depending on which subsector you are. Opps are top notch at any of them though. note that FIG is mainly a HF feeder, not PE.

TMT has one of the worst cultures at the bank - over 10 analysts in the second year class have quit since starting, not much PE interest out of the current second years but good placements nonetheless (not better than the other groups)

 

Any insights on which FIG subverticals are better than others (in terms of culture)? Also, how does placement work for the fig subverticals? Do you get placed in the group and then choose a subvertical or are you offered a specific subvertical?

 
Best Response

Healthcare has a tremendous culture. The senior leaders have really made a demonstrable and laudable effort to instill a top-down attitude of mutual respect, appreciation, and work ethic. It is not a facetime group, and they have gone as far as establishing a mandatory period (9pm Friday to 9am Sunday) where you're not allowed to be in the office. The senior partner there is a great guy, very personable yet incredibly intellectual.

CRG has a fun culture, but it's one of the more workhorse groups. I don't believe it's a facetime group, but the juniors get worked, several very late nights weekly. Strong exits though: TPG, Warburg, MDP, and CD&R recently (that I know of).

Nat Res has a good reputation internally/externally as well. Strong dealflow = strong exits.

Industrials has consistent dealflow; although the deals are smaller, they get a ton of them done. Great M&A experience; since GS does not have the lending base the one-stop-shop banks do, their mandates are almost exclusively advisory. Culture is stifling and difficult, however. You can read a longer discussion on it here: //www.wallstreetoasis.com/forums/top-industrials-groups

I am permanently behind on PMs, it's not personal.
 

Can anyone provide any insight into the Cross Markets Group? It's pretty new.

 

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