Goldman Sachs Recruitment Process For Engineers (2024)
Goldman Sachs Group is a global investment banking, securities, and investment management organization that serves a diverse customer base consisting of financial institutions, corporations, governments, and individuals. It is headquartered in the United States. Goldman Sachs India has offices in Mumbai, Bengaluru, and Hyderabad.
The company offers exciting work opportunities to professionals in divisions such as Business Finance, Data Analytics, Investment Banking, Engineering, Marketing and Communications, Legal, etc. By revenue, Goldman Sachs is the second-largest bank in the world and is counted as the systemically important financial institution by Financial Stability Board (FSB).
For engineers, the company offers exceptional growth and exposure. In this article, we will cover the Goldman Sachs recruitment process for engineering candidates to help them frame a concrete preparation strategy.
Goldman Sachs Recruitment Process: How To Apply?
To apply for the Goldman Sachs recruitment process, one can take any of the following ways:
- Engineering Campus Hiring Program: This program is Goldman Sachs's initiative to identify and hire top Engineering students from across engineering schools in India. As part of this on-campus placement program, pre-final & final-year candidates need to go through multiple assessment rounds. The students are tested on their coding skills and analytical aptitude. Those who successfully make it through all the rounds are offered various roles in the Engineering function at the Firm's offices in India.
- Company Website: One can even apply for a job at Goldman Sachs via the Company's official website. Based on their requirement, the company lists job vacancies and eligibility criteria from time to time for which candidates can apply directly through online application forms. The suitable candidates are then contacted by the hiring manager.
- Employee Referral Program: Another option through which a person can apply at Goldman Sachs is through the referral program. You may seek a referral from an existing employee for an open position at the Company. This method offers an easier way to get your application noticed by the hiring manager.
Goldman Sachs Recruitment Process: Profiles offered for Engineering candidates
At Goldman Sachs, engineers operate in teams that develop software and systems, protect against cyber threats, and utilize machine learning alongside financial engineering to continuously turn data into action. An overview of the profiles offered at Goldman Sachs is as follows:
| Job Profile | Detail |
| Quantitative Strategists |
Work in close collaboration with traders, bankers, and portfolio managers across the firm and use advanced training in mathematics, programming skills, and logical thinking to construct quantitative models that drive the Firm's success in global financial markets. |
| Cyber Security | Protect the clients and the integrity of the company in both an advisory and engineering capacity. Develop and implement solutions to monitor and manage cyber security risks; help the Firm’s engineers in implementing solutions with security and analyze, detect, and respond to cyber security threats. |
| Software Engineering |
Collaborate with trading, sales, asset management, banking, finance, and others, to build and automate solutions to keep the Firm’s position on the cutting edge. Provide platforms for data engineering, machine learning, networking, etc. Innovate with UI/UX designers, full-stack engineers, data scientists, and cloud engineers, to take on new problems.
|
| System Engineering | Explore public and private cloud, networks, storage, computing, big data, and application messaging, and work on a variety of challenging problems such as building data infrastructure, implementing public and private cloud-based solutions, etc. |
Note: One may be allowed to switch from a tech profile to a finance profile within the company after working at the firm for a period of 1.5 to 2 years subject to the performance of the employee during the said period.
Goldman Sachs Recruitment Process: Rounds Overview
Goldman Sachs conducts the following rounds to hire freshers for engineering roles:
- Round 1- Aptitude test
- Round 2- Technical test
- Round 3- Technical interview 1
- Round 4- Technical-cum-managerial interview 2
- Round 5- Technical + HR interview 3
- Final decision
The details of the roles are as follows:
Round 1: Aptitude Test
| Number of questions | 66 MCQs |
| Time duration | 1 hour and 30 minutes |
| Marking Scheme |
+5 for the correct answer -2 for incorrect MCQ answer |
Syllabus for Round 1
| Section | No. of questions | Type of Questions |
| Numerical Computations | 8 |
Probability, Permutation-Combination, Time, speed and distance, Percentage, Boats & streams, HCF & LCM, Profit & Loss, Average, Mixture & Allegations. |
| Numerical Reasoning | 12 | Probability, Permutation-Combination, Time, speed and distance, Percentage, Boats & streams, HCF & LCM, Profit & Loss, Average, Mixture & Allegations (same topics as above but the type of questions would be different). |
| Logical Reasoning | 12 | Alpha-Numerical, Coding-decoding, Clock & calender, Arrangements, Number series, Directions. |
| Abstract Reasoning | 12 | Visual reasoning, Cubes & dice, Figure counting, Mirror images, Paper foldings & cuts. |
| Diagrammatic Reasoning | 12 | Puzzles, Switch diagrams, Flowcharts, and Data interpretation. |
| Verbal Comprehension | 10 | Reading comprehension, Sentence improvement, Sentence construction, Fill in the blanks. |
Round 2: Technical Test
| Number of questions | 20 (15 MCQs and 5 Subjective questions) |
| Time Duration | 2 hours and 15 minutes |
| Marking Scheme |
|
Syllabus for Round 2
| Section | Time duration | Syllabus |
| Programming Assessment | 30 minutes for 2 questions | Arrays, Strings, Array of strings, Array of nodes, Matrices, Series & Pattern, Searching/Sorting. |
| Aptitude | 25 minutes for 8 questions | Probability, Permutation & Combination, Time, Speed and Distance, Percentage, HCF & LCM, Profit & Loss, Average, Time & Work, Mixture and Allegation. |
| Computer Science | 20 minutes for 7 questions | C, C++, Input-Output, Pseudo-Codes, Operating system, DBMS, SQL, Hash Code, etc. |
| Competitive Programming | 45 minutes for 1 question | Dynamic Programming, Divide & Conquer, Searching/sorting, Graphs, DSA, BackTracking. |
| Subjective questions | 15 minutes for 2 questions | Essay Writing |
Round 3: Goldman Sachs Interview Process
The candidates will have to face three Goldman Sachs interview rounds for the assessment of their technical skills and analytical abilities. They are:
- Technical interview 1
- Technical-cum-managerial interview 2
- Technical + HR interview 3
The technical questions are intended to judge the technical abilities of the candidate. Generally, the Goldman Sachs interview questions are generally based on programming languages such as C/C++, JAVA, Python, DBMS, data structure, and competitive programming questions. So along with having good communication skills, brushing up your knowledge in these topics would be useful.
Apart from technical questions, one must also be ready to face management interview questions, behavioral questions, or situational interview questions in the HR round of the Goldman Sachs recruitment process.
Also Read: Important Goldman Sachs Interview Questions
Goldman Sachs Recruitment Process: Salary offered
The compensation is reviewed annually and consists of salary, discretionary compensation, and certain local allowances, where applicable. It depends on a number of factors including the firm’s performance, divisional performance, and individual performance.
FAQs regarding Goldman Sachs Recruitment
1. What information or documents are required for filling out the Goldman Sachs application form?
You would require the following:
- University degrees
- CGPA/ GPA as recognized by the university.
- A write-up about your motivation for applying in 300 words or less.
- CV / Resume. You may also attach a cover letter.
2. Will my chances of selection be affected by the number of divisions or locations I apply for?
The number of divisions and location combinations you choose does not impact the chances of getting selected. However, it is recommended that one must apply for divisions or locations where one is actually interested to work.
3. How long does it take to hear back regarding the status of the submitted application?
The candidates are communicated within a few weeks after the relevant deadline has passed. The time duration may vary depending on various factors such as the division you have applied for, the number of applications received, etc.
4. Is Goldman Sachs a good firm to work in?
Goldman Sachs is a multinational investment bank that is highly sought-after amongst job-seekers. Today, about 40,000 Goldman Sachs colleagues work together to serve clients and communities around the world while encouraging innovative ideas amongst extraordinary people. Hence, Goldman Sachs offers a great platform for young graduates and professionals with a passion for excellence and a belief in the power of the team, integrity, and leadership.
So are you ready to join Goldman Sachs? We hope the above Goldman Sachs recruitment process was informational for you. All the best!
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