Classic vs Financing Group: Exploring Goldman Sachs Internship Opportunities

Goldman Sachs is one of the most prestigious investment banks in the world, known for its rigorous selection process and exceptional career opportunities. As an aspiring investment banker, you may find yourself torn between two prominent divisions at Goldman Sachs: the Classic Group and the Financing Group.

When considering an internship at Goldman Sachs, it is crucial to understand the key differences between the Classic Group and the Financing Group. While both divisions offer valuable experiences, they cater to different skill sets and career aspirations.

The Classic Group

The Classic Group at Goldman Sachs focuses on traditional investment banking activities, including mergers and acquisitions (M&A), initial public offerings (IPOs), and strategic advisory services. Interns in the Classic Group get exposed to a wide range of industries and work closely with senior bankers on high-profile deals.

Pros:

• Exposure to diverse industries
• Opportunity to work on high-profile deals
• Develop a broad skill set in investment banking

Cons:

• Long working hours and high-pressure environment
• Limited exposure to specialized areas

The Financing Group

The Financing Group, on the other hand, focuses on debt and equity financing, capital markets, and leveraged finance. Interns in the Financing Group assist in structuring and executing various financing transactions for corporate clients.

Pros:

• Specialized exposure to debt and equity financing
• Opportunity to develop expertise in capital markets
• Strong foundation for a career in sales and trading or debt origination

Cons:

• Narrower focus compared to the Classic Group
• Less exposure to M&A and strategic advisory services
• May require a deeper understanding of financial markets

Choosing the Right Path

When deciding between the Classic Group and the Financing Group, it is important to consider your long-term career goals and personal interests. If you have a passion for analyzing industries, advising clients on strategic decisions, and working on high-profile deals, the Classic Group may be the right fit for you.

On the other hand, if you are interested in capital markets, debt and equity financing, and have a strong understanding of financial markets, the Financing Group can provide valuable expertise in these areas.

Ultimately, both divisions offer valuable experiences, and your choice should align with your career aspirations and personal interests.

Conclusion

Choosing between the Classic Group and the Financing Group at Goldman Sachs can be a challenging decision for aspiring investment bankers. It is crucial to carefully evaluate your career goals, personal interests, and the unique opportunities each division offers.

Whether you choose the Classic Group or the Financing Group, an internship at Goldman Sachs will provide you with unparalleled exposure to the world of investment banking and set a strong foundation for your future career.