SERVING THE QUANTITATIVE FINANCE COMMUNITY

 
User avatar
rdx
Topic Author
Posts: 7
Joined: June 18th, 2009, 9:39 pm

Goldman Sachs - Desk Strategist Interview

June 19th, 2009, 6:31 am

Hi, I have on-site interviews with GS for a Desk Strategist position with their Mortgage Strategies group. I recently graduated with a degree in Financial Engineering.I wanted to know if anyone here has gone through interviews for a similar position with GS and if so, what are the types of questions that I could expect ? I had one telephonic interview earlier.
 
User avatar
EscapeArtist999
Posts: 1620
Joined: May 20th, 2009, 2:49 pm

Goldman Sachs - Desk Strategist Interview

June 19th, 2009, 8:38 am

More of the same. You should know that mortgage strats work VERY long hours and the work is very technology intensive, VERY.
 
User avatar
untwigged
Posts: 262
Joined: January 14th, 2006, 3:21 pm

Goldman Sachs - Desk Strategist Interview

June 19th, 2009, 3:03 pm

Just out of interest, what are typical 'long' hours for GS?
 
User avatar
HyperGeometric
Posts: 314
Joined: March 27th, 2004, 4:13 am

Goldman Sachs - Desk Strategist Interview

June 19th, 2009, 3:10 pm

I think it'll be fairly quantitative. I know someone with MFE who interviewed with the group and they asked him tons of technical questions on mortgages....traditional stuff about duration, convexity, hedging the commitment pipeline, derivatives etc. Some accounting knowledge is also useful. Hard to be specific but I hope you did really well in your fixed income course.
Last edited by HyperGeometric on June 18th, 2009, 10:00 pm, edited 1 time in total.
 
User avatar
EscapeArtist999
Posts: 1620
Joined: May 20th, 2009, 2:49 pm

Goldman Sachs - Desk Strategist Interview

June 19th, 2009, 3:53 pm

The strats who have "short" working hours work about 8:30 am - 8:00 pm Long hours are 7:30 am - 9/10 pm + weekends + having to moniter systems that are running over the weekend... The list goes on. GS pays their strats very well, but believe me talentschmalent, you have to EARN every penny that they pay in strats. If you want to look KING on your interview read up about how Amherst arbitraged JPM and a few others, make sure you understand it, and then bring it up in your interview. Personally, I think that mortgages are boring from a quant point of view (i.e. the work mortgage quants do) and would give it a wide berth - from trading or investment analysis point of view they are VERY interesting.... Best of luck buddy.
 
User avatar
rdx
Topic Author
Posts: 7
Joined: June 18th, 2009, 9:39 pm

Goldman Sachs - Desk Strategist Interview

June 19th, 2009, 4:12 pm

Thank you for your inputs.Does anyone know if the onsite interviews typically have a lot of brainteasers / basic math questions ?
 
User avatar
deepvalue
Posts: 918
Joined: April 25th, 2007, 6:08 am

Goldman Sachs - Desk Strategist Interview

June 20th, 2009, 6:36 am

QuoteOriginally posted by: untwiggedJust out of interest, what are typical 'long' hours for GS? i used to work 7:30am - 10pm with 40 mins off to eat takeout dinner at my desk. I did not have lunch -- just ate donuts and drank coffee all day. I worked saturdays but took sunday off to go to mass with my wife.
 
User avatar
ldn
Posts: 34
Joined: February 16th, 2007, 2:41 pm

Goldman Sachs - Desk Strategist Interview

June 20th, 2009, 6:41 am

QuoteOriginally posted by: deepvalueQuoteOriginally posted by: untwiggedJust out of interest, what are typical 'long' hours for GS? i used to work 7:30am - 10pm with 40 mins off to eat takeout dinner at my desk. I did not have lunch -- just ate donuts and drank coffee all day. I worked saturdays but took sunday off to go to mass with my wife.So you are out of GS now?Actually 8am - 7:30pm is the normal time, not much difference compared with other banks. Don't be frightened by rumors.
Last edited by ldn on June 19th, 2009, 10:00 pm, edited 1 time in total.
 
User avatar
vbprogrammer
Posts: 306
Joined: December 8th, 2003, 7:28 pm

Goldman Sachs - Desk Strategist Interview

June 20th, 2009, 11:43 am

QuoteOriginally posted by: EscapeArtist999More of the same. You should know that mortgage strats work VERY long hours and the work is very technology intensive, VERY.Why is the mortgage desk so tech intensive? I was under the impression that nothing beats stat arb group in terms of technology or even quanty stuff?
 
User avatar
MatthewM
Posts: 416
Joined: December 17th, 2007, 12:49 pm

Goldman Sachs - Desk Strategist Interview

June 20th, 2009, 5:19 pm

QuoteOriginally posted by: untwiggedActually 8am - 7:30pm is the normal time, not much difference compared with other banks. Don't be frightened by rumors.So you're saying that it's a vacation compared to grad school?
Last edited by MatthewM on June 19th, 2009, 10:00 pm, edited 1 time in total.
 
User avatar
HyperGeometric
Posts: 314
Joined: March 27th, 2004, 4:13 am

Goldman Sachs - Desk Strategist Interview

June 20th, 2009, 7:04 pm

QuoteOriginally posted by: MatthewMQuoteOriginally posted by: untwiggedActually 8am - 7:30pm is the normal time, not much difference compared with other banks. Don't be frightened by rumors.So you're saying that it's a vacation compared to grad school?Why don't you try it and find out how much of a vacation this is.
 
User avatar
MatthewM
Posts: 416
Joined: December 17th, 2007, 12:49 pm

Goldman Sachs - Desk Strategist Interview

June 20th, 2009, 7:16 pm

I'm planning to. My point is that I currently work more than a 55-60 hour week on average (not much more; not 80 hour weeks on average, but I have done those a few times).The real difference, I suppose, is that my schedule is more flexible currently, so I can choose to work when I feel like it.
 
User avatar
PaperCut
Posts: 1616
Joined: May 14th, 2004, 6:45 pm

Goldman Sachs - Desk Strategist Interview

June 21st, 2009, 1:10 am

Look, let me ask the dumb, obvious question here. What exactly does all this "work" consist of? I mean, what exactly are you doing on hours that are off-market hours? Writing computer programs? Don't they already have those?
 
User avatar
MatthewM
Posts: 416
Joined: December 17th, 2007, 12:49 pm

Goldman Sachs - Desk Strategist Interview

June 21st, 2009, 1:57 am

If you're talking to me then I'm a graduate student. There is no market. Only pain and suffering.
 
User avatar
PaperCut
Posts: 1616
Joined: May 14th, 2004, 6:45 pm

Goldman Sachs - Desk Strategist Interview

June 21st, 2009, 11:22 pm

Heh heh.No, seriously, I'm asking, what exactly does a "Strategist" do?
ABOUT WILMOTT

PW by JB

Wilmott.com has been "Serving the Quantitative Finance Community" since 2001. Continued...


Twitter LinkedIn Instagram

JOBS BOARD

JOBS BOARD

Looking for a quant job, risk, algo trading,...? Browse jobs here...


GZIP: On