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GBM - Private Dept-Investment Banking, Equity Capital Markets; Associate Banker - New York

Job DescriptionYOUR IMPACTThe Equity Capital Markets (ECM) Group within the Investment Banking Division in New York is looking for a highly skilled and experienced associate to join our Equity Capital Markets, Technology, Media and Telecom (TMT) team. This is an exceptional opportunity to join one of the leading ECM Groups within a high-profile investment bank.OUR IMPACTInvestment Banking DivisionOur division works on some of the most complex financial challenges and transactions in the market today. Whether advising on a merger, providing financial solutions for an acquisition, or structuring an initial public offering, we handle projects that help clients at major milestones. We work with corporations, pension funds, financial sponsors, and governments. We are a team of strong analytical thinkers, who have a passion for producing out-of-the-box ideas.Our Equity Capital Markets Group works closely with public and private companies, venture capital firms, entrepreneurs and financial sponsors to originate, structure, and execute equity financings such as initial public offerings, follow-on offerings, block trades, convertibles and derivatives. The group is organized by product (common equity and structured equity) and segmented by industry group. The group works closely with many other areas of the firm, particularly equity sales and trading. Our TMT Group advises clients across a range of subsectors including artificial intelligence, software, internet, e-commerce, sports and entertainment, publishing, advertising, broadcasting, cable, wireless, hosting, semiconductors, electronics and hardware.Role ResponsibilitiesHOW YOU WILL FULFILL YOUR POTENTIAL• You will help originate & lead equity capital market transactions for our financial sponsor, venture capital and corporate clients• You will develop content for meetings with clients regarding their strategy and potential M&A or capital market transactions• You will liaise with multiple internal (e.g. junior and senior team members across different product groups) and external parties (e.g. client management teams, investors lawyers) on a daily basis to execute transactions and discuss strategic alternatives• You will complete and review the analytical work of junior team members / analysts, and provide mentorship and oversight to the junior team• You will have to think creatively to perform investor targeting of potential institutional buyers, analyzing comparable companies and institutional cross ownership• You will play a vital role throughout the entire transaction process, including project management for mission-critical equity financingsBasic QualificationsSKILLS & EXPERIENCE WE’RE LOOKING FOR• Bachelor’s degree and at least 3 years’ relevant work experience• Exceptional communication skills, both verbal and written• Strong analytical orientation, with experience performing financial and valuation analysis in Excel or comparable spread sheet toolsPreferred Qualifications• Prior work experience in an investment bank or financial institution• Well-rounded academic background from a top tier institution• Understanding of transaction cycles and the steps in the process• Demonstrate maturity to work with all levels of professionals across the firm and external clients• Possess good judgment to make quick and complex decisionsAbout Goldman SachsAt Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html© The Goldman Sachs Group, Inc., 2024. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender IdentitySalary RangeThe expected base salary for this New York, New York, United States-based position is $150000-$225000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.BenefitsGoldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .
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Average salary estimate

$187500 / YEARLY (est.)
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$150000K
$225000K

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What You Should Know About GBM - Private Dept-Investment Banking, Equity Capital Markets; Associate Banker - New York, Goldman Sachs

Are you ready to make an impact in the finance world? As an Associate Banker in the Equity Capital Markets (ECM) Group at Goldman Sachs, based in New York, you'll get to dive headfirst into exciting financial transactions within the Technology, Media, and Telecom (TMT) sectors. This role is more than just crunching numbers; it's about working closely with an elite team of analytical thinkers and innovators who are passionate about transforming ideas into reality. You'll participate in a myriad of projects, including initial public offerings, block trades, and more, while collaborating with diverse clients such as corporations, venture capital firms, and financial sponsors. In this role, you'll lead equity capital market transactions and engage with clients to discuss their strategies, making your communication skills a vital part of your toolkit. You'll also guide junior team members, providing mentorship while ensuring the highest quality in analytical work. If you're ready to utilize your creativity in investor targeting and project management, this might just be your next big career move. At Goldman Sachs, we value your individuality and believe it enhances our capabilities as a team. Join us in shaping the future of finance while growing both professionally and personally in an inclusive culture that supports your development. If you have a bachelor’s degree and at least three years of relevant experience, we encourage you to apply and become a pivotal part of our ECM Group in New York!

Frequently Asked Questions (FAQs) for GBM - Private Dept-Investment Banking, Equity Capital Markets; Associate Banker - New York Role at Goldman Sachs
What are the main responsibilities of an Associate Banker in Equity Capital Markets at Goldman Sachs?

As an Associate Banker in the Equity Capital Markets (ECM) Group at Goldman Sachs, your primary responsibilities include originating and leading equity capital market transactions for financial sponsors, venture capital, and corporate clients. You will develop content for client meetings discussing their strategic objectives and potential M&A opportunities. Additionally, you will manage relationships with various internal teams and external parties to execute transactions and analyze strategic alternatives effectively.

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What skills are required for the Associate Banker role in Equity Capital Markets at Goldman Sachs?

To excel as an Associate Banker in the Equity Capital Markets (ECM) Group at Goldman Sachs, candidates should have a bachelor’s degree and a minimum of three years of relevant experience. Key skills include exceptional verbal and written communication, strong analytical capabilities, expertise in financial and valuation analysis using Excel, and the ability to work collaboratively with diverse professionals. Previous experience in an investment bank or financial institution is preferred.

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How does the culture at Goldman Sachs support growth for an Associate Banker in ECM?

Goldman Sachs fosters a culture of continuous growth and inclusion, ensuring that every employee, including Associate Bankers in the ECM Group, has numerous opportunities for professional and personal development. With robust training programs, mentorship from experienced colleagues, and a commitment to diversity and well-being, Goldman Sachs empowers individuals to thrive and shape their careers.

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What is the career trajectory for an Associate Banker in Equity Capital Markets at Goldman Sachs?

Starting as an Associate Banker in the Equity Capital Markets (ECM) Group at Goldman Sachs offers a promising career trajectory. Successful associates can advance to senior banker roles, overseeing higher-stakes transactions and leading teams. Continuous performance assessments and opportunities to take on greater responsibilities will help you carve out your path in investment banking within a dynamic, global firm.

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What benefits can an Associate Banker in ECM expect at Goldman Sachs?

As an Associate Banker in the Equity Capital Markets (ECM) Group at Goldman Sachs, you'll enjoy a competitive base salary along with the opportunity for discretionary bonuses. The company is committed to providing valuable benefits that enhance your overall employee experience, including wellness offerings, professional training, and various programs designed to support personal finance and mindfulness.

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Common Interview Questions for GBM - Private Dept-Investment Banking, Equity Capital Markets; Associate Banker - New York
What inspired you to pursue a career as an Associate Banker in Equity Capital Markets?

When answering this question, share your passion for finance and investment banking, highlighting any specific experiences, educational background, or role models that influenced your decision. Show enthusiasm for the dynamic nature of ECM transactions and the impact they have on companies and markets.

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How do you prioritize tasks when managing multiple equity capital market transactions?

In your response, emphasize your organizational skills and ability to prioritize by outlining your approach to project management. Mention specific strategies such as creating to-do lists, setting deadlines, and utilizing software tools to track progress, ensuring that you meet all client and internal expectations.

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Can you discuss a challenging project you worked on and how you overcame obstacles?

Choose a specific project that highlights your problem-solving skills. Describe the challenges faced, the actions you took to address them, and the positive outcome achieved. This showcases your ability to navigate complex situations effectively and adapt as needed.

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What valuation techniques are you most familiar with?

Demonstrate your technical expertise by discussing various valuation methods such as discounted cash flow (DCF), comparable company analysis (CCA), and precedent transactions. Explain briefly how each method is applied and why you consider them valuable in ECM transactions.

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How would you approach building a relationship with a new client in ECM?

Take this opportunity to illustrate your interpersonal skills. Discuss strategies like conducting thorough research on the client’s business, understanding their goals, and demonstrating genuine interest in their needs. Highlight follow-up communication and developing trust over time as essential components.

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What trends do you see influencing the Equity Capital Markets in the coming years?

Stay informed on current trends, such as ESG investing, technological advancements in trading, and regulatory changes. Share your insights on how these trends can affect the strategies of firms and clients in ECM, showcasing your industry knowledge.

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Describe your experience with financial modeling and analysis.

Discuss your practical experience with financial modeling, specifying the types of models you've built or worked with. Emphasize your proficiency with Excel and attention to detail, providing examples of how your analysis contributed to successful ECM transactions.

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How do you handle feedback or criticism from senior colleagues?

Frame your response positively by stating how you value feedback as an opportunity for growth. Discuss your openness to constructive criticism and willingness to adapt your work based on input, showcasing your emotional intelligence and collaborative spirit.

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What do you think sets Goldman Sachs apart from other investment banks?

Research the unique aspects of Goldman Sachs’ culture, their commitment to diversity and inclusion, and their approach to client service. Convey your admiration for their reputation, values, and dedication to helping clients navigate complex financial landscapes.

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Explain how you keep up with industry developments in investment banking.

Demonstrate your commitment to ongoing professional development by mentioning specific resources, such as financial news publications, industry reports, professional networking, and relevant seminars. This shows your proactive approach in staying informed about changes and innovations.

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The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial ins...

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Full-time, on-site
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December 14, 2024

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