Goldman Sachs Lagos – Comprehensive Guide and How to Get Hired in 2021

June 27, 2021by Grace0
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Goldman Sachs Lagos - Comprehensive Guide and How to Get Hired in 2021
Goldman Sachs

Are you a financial analyst? Are you a banker desiring to practice in an international banking firm? Of course those desires can be met. All you need is the right knowledge. Below is a piece on the largest banking firm in the world: Goldman Sachs. Discover what they do, and how you can work with the Goldman Sachs. Also, we included the average salary structure employees of the firm earn. Let’s explore what it looks like below!!!

Overview of Goldman Sachs

Goldman Sachs is an American multinational investment bank. Since it’s establishment in 1869, the firm have stayed true to it’s line of products. With headquarters in New York, Goldman is a primary dealer in the U.S Treasury security market. Also, it is the country’s prominent market maker. Interestingly, there is no competitive company in the financial industry when it comes to Goldman Sachs prowess. To that stead, Goldman is one of the largest investment banking enterprises in the world by revenue.

Marcus Goldman and Samuel Sachs founded the company Hence, the company name is a merger of the names of her founding fathers. With 152 years of existence, Goldman has over 40 subsidiaries in 60 countries. Deeply rooted across nations and has influence worldwide. As of May 2020, Goldman was ranked 62nd on Fortune 500 list of the largest corporation in U.S by total revenue.

According to a 2020 statistics, the company boasts of a total assets of US$1.2 trillion. Also, her total equity is US$95.9 billion. For a multinational financial firm, the company boasts of over 40,500 employees across the world. To know more about Goldman Sachs, it’s mission and vision statement, visit the company’s official website @ http://goldmansachs.com.

What is Goldman Known For?

Although an investment bank, Goldman offers services beyond investing your cash. What this means is that Goldman Sachs offers financial services. Just like Halliburton, she expands her product line although just within the financial service scope. Goldman offers services in investment management, securities, asset management and prime brokerage. Also, she offers services in securities underwriting and provides investment banking to institutional investors.

However, Goldman is a bank to obtain your credit cards and invest in mutual funds. Furthermore, her services include commodities and commercial banking. Now these products and services are offered in all her subsidiaries. However, some subsidiaries offer more of each service than the other.

List of Goldman Subsidiaries

Yes, Goldman has over 50 subsidiaries. However, listing all will be a Herculean task. Here is a tip of the iceberg of the Goldman Sachs subsidiaries below.

  • Goldman, Sachs & Co.
  • Shire UK Limited
  • KPL Finance Limited
  • GS Financial Services L.P. (Del)
  • JLQ LLC
  • Jupiter Investment Co., Ltd.
  • Goldman Sachs Global Holdings L.L.C.
  • GS Asian Venture (Delaware) L.L.C.
  • Triumph II Investments (Ireland) Limited
  • Panda Investments Ltd
  • J. Aron Holdings, L.P.
  • Horizon Fundo De Investimento Multimercado Credito Privado – Investimento No Exterior
  • Goldman Sachs Hedge Fund Strategies LLC
  • MTGLQ Investors, L.P.
  • ELQ Investors, Ltd

Most of these subsidiaries are in New York, Delaware, Brazil, U.S and he United kingdom. However, there is a subsidiary in Nigeria located in Lagos.

How Much Does a Goldman Sachs Worker Earn?

Just like most multinational companies like IBM, Amazon, Microsoft and Unilever, Goldman pays well. Importantly, the salary of each worker increases and they’re getting paid better. Talking about the salary structure, many factors influence that. Factors such as job title, location and experience determines how much you’re paid at Goldman.

From research and a peep into the firm’s financial closure, the average employee earns $367,564 per year. This excludes the compensation and benefits of $254,850. That’s big for a banking firm!!! However, New York Goldman bankers earn the highest in Goldman Sachs Group.

Here’s some salary of workers at Goldman

  • New Analyst: Approx. $85,000
  • Full-Stack/Back-End Software Engineer: $80,000 – $110,000
  • Tech Risk – Lead Application Design and Architecture Reviewer: $58,000 – $125,000

How Do I Land a Job in Goldman Sachs?

Contrary to popular belief, Goldman do not only employ a finance or accounting major. Therefore, as long as you fit the job advert criteria, Goldman will employ you. This is so because the firm is looking for creative candidates. Hence the reason Goldman Sachs careers are highly sought by aspiring investment bankers and analysts. Aside, it’s creative work environment and good pay, the company in 2019 as the 21st great place to work. Although a great place to work, it’s pretty difficult to gain employment. Out of 250,000 applications from students, only a tiny fraction was hired. That’s about 3% or 4% of the application. To land a job with Goldman, you must have a degree in English.

  • To apply, visit the Goldman’ careers portal. If you’re applying for internship, click on the internship button. But if you’re applying for job, click on the job button and follow the instructions.
  • Ensure your CV and cover letter is to Goldman specifically.
  • Ready yourself for interview. Research on the company and all the financial services it offers. Good luck!!!

Does Goldman Sachs Accept Interns?

Yes, the firm has a spot for interns. An internship with Goldman is a real golden ticket. Typically, it lasts for 10-weeks with direct interaction with Goldman’s associate and full-time employees. Here’s the catch, Goldman turns her interns into employees. Well, that’s if you play you cards well!!!

Conclusion

We hope this helps you land the job of your dreams at Goldman. Good luck!!!

References

  • https://careerkarma.com/blog/how-to-get-a-job-at-goldman-sachs/
  • https://www.investopedia.com/news/guess-how-much-goldmans-average-salary-gs/
  • https://www.sec.gov/Archives/edgar/data/886982/000119312512085822/d276319dex211.htm

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