GOLDMAN SACHS: 12 Tips For Crushing Your Next Interview

Lloyd blankfeinREUTERS/ Pascal LauenerGoldman Sachs Chairman and CEO Lloyd Blankfein

It’s about that time of year again when some college seniors start interviewing for jobs in finance.

The interview process on Wall Street is known for being extremely nerve-wracking.

We’ve heard all the interview horror stories and we’ve seen those lists of the incredibly challenging questions that get asked.

Fortunately, Goldman Sachs has an excellent Careers Blog on its website, which features a bunch of great interviewing tips.

We’ve compiled them in the slides that follow to help you ace your next interview.

Remember: The interview is meant to determine if you're a good fit for the company.

The interview is used to determine if you have the necessary skills and experience for the job, to see if you are motivated to do the job, to figure out if you will thrive in the company's culture and if the company is a good fit for you.

Source: Goldman Sachs

The first thing you need to do before the actual interview is figure out why you want the job.

In preparation for the interview, Goldman Sachs suggests you answer these questions:

1. Which experiences and skills make you perfect for the job?

2. What are your strengths and weaknesses?

3. Do you have the necessary skills and commitment?

4. How do you know you want this job?

Source: Goldman Sachs

Then you need to craft your story in a way that will resonate with your interviewer.

Once you've answered these questions about why you're the right candidate you should craft a story that will leave an impact on your interviewer.

Source: Goldman Sachs

Make sure you understand the position you're interviewing for.

According to Goldman, one of the biggest mistakes applicants make when interviewing is not really knowing the position they are interviewing for.

However, you don't need to know every little possible detail about the position, but you do need to articulate your interest in an informed away.

Goldman suggests using the website as a resource and staying up to date on current events in the area in which you are applying to work.

Source: Goldman Sachs

Make a really good first impression by arriving early.

Arrive to the interview site early and plan your route ahead of time.

Goldman Sachs also suggests allowing yourself 20-30 minutes for final interview prep so you can practice your key talking points.

Source: Goldman Sachs

Know your resume inside and out.

Goldman says watch out for the historical interview. They're open-ended, and you'll likely walk through your resume, which Goldman describes as your 'road map.' This type of interview will allow your interviewer to get to know you better while also evaluating your presentation skills.

During the interview, you'll probably be asked about your extracurricular activities and what you know about the position you are interviewing for.

Goldman suggests keeping your answers concise and relevant and highlight and pinpoint your strengths as a candidate to show why you're right for the job.

Source: Goldman Sachs

Get ready to read and analyse a case study.

During a case study interview, you will be asked to analyse a situation and then discuss how to address that problem.

For example, you might be asked to determine how many manholes are in Manhattan. You won't be expected to come up with an answer on the spot, but instead think about and discuss how to solve the problem.

This is a good way to gauge someone's problem-solving skill and creativity.

Source: Goldman Sachs

Here are the resources Goldman suggests using when preparing for an interview with them ...

  • www.gs.com/careers
  • Annual report/ Periodic reports
  • Employees/ Alumni Network
  • Recent press articles
  • Attend information sessions
  • Financial news sites such as the Financial Times, Wall Street Journal and the South China Morning Post.

Source: Goldman Sachs

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