Received a GS Risk Internship offer in their Dallas office. What kind of opportunities will this lead to?

I ideally want to go into private credit/equity and I know IB or anything in AM is much better for that but recruiting didn't go that way for me. GS Risk is the best offer I have and I'm wondering what kind of opportunities this will lead to?

I will either be placed in the Credit Risk division or the Market Risk division but I've clearly expressed my interest in the Credit division so hopefully it works out that way. I plan on using this intership experience and the GS name to apply for full times at GPs like Ares or Guggenheim once I graduate but since this role is more back/middle office, what career path can I realistically strive for to end up at a buy side role at a GP?

For people that are familiar with Credit/market Risk at GS, can you also explain what I should be expecting?

 

My thoughts would be that if you go into credit risk to network your ass off targeting Corporate banking, DCM, and Levfin roles (i.e. debt FO roles at investment banks) and then from there it will be more possible to move to PC

Don’t have any personal experience with this, but just my advice and I know PC is not uncommon for any of the three mentioned roles

 

Yeah that seems like what I'm going to try to do. Unfortunately, it seems like I'm going to be placed in market risk but I'm trying hard to get placed in credit. If I do get market risk, what are the career progressions associated with that?

 

I've talked to some of the people that interviewed me and they said I'm currently listed for the Market Risk position. However, I've made it clear to HR that I only want credit but we'll see. I feel like I would just be placed in market anyway

 
Most Helpful

Et vel alias soluta excepturi iste. Quasi explicabo rerum et est nobis totam expedita asperiores.

Ea rem quidem et aperiam. Doloremque qui ducimus vel minus officia recusandae quisquam. Quia eius mollitia modi aut ab quo ducimus. Aspernatur cumque excepturi aspernatur. Enim aut officia molestias voluptates sunt veritatis ratione.

Rerum nam necessitatibus nihil architecto. Fugit officia ut non aperiam sed molestias ut. Ea corporis ex placeat sed aut enim. Ducimus rerum officia quo nobis qui dolorum sequi.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”