Starting Your Career at Goldman Sachs with a Master’s Degree

Acquiring a Master’s degree has opened the door to numerous career opportunities, especially when it comes to prestigious financial institutions like Goldman Sachs. However, the specific entry-level position you will start with depends on several factors including your degree, the division you join, and your prior experience. This article will guide you through the common roles and provide insights into how your background will influence your starting position.

Common Entry-Level Roles for Master's Degree Holders

Upon joining Goldman Sachs, you might find yourself in one of the following entry-level positions, each tailored to fit the specific needs and expertise of the division:

Analyst

An entry-level position commonly found in various divisions such as Investment Banking, Asset Management, or Securities, an Analyst role involves a range of tasks, including financial modeling, research, and support for senior team members. These individuals are the backbone of the organization, enabling senior analysts and associates to focus on more strategic initiatives.

Quantitative Analyst

If your Master’s degree is in a quantitative field such as finance, mathematics, or statistics, you may be assigned to a role that focuses on data analysis, modeling, and algorithm development. This position is ideal for individuals who can leverage their mathematical and analytical skills to solve complex financial problems.

Research Analyst

For those with a focus on research, particularly in finance or economics, starting as a Research Analyst in Asset Management or Equity Research could be an excellent fit. These roles involve conducting in-depth analysis, preparing reports, and providing insights to clients and other stakeholders.

Associate

With relevant work experience, such as internships or prior employment in finance, you might qualify for an Associate position, particularly in Investment Banking or client-facing roles. Associates often have more responsibilities and the potential to manage Analysts, demonstrating increased leadership and decision-making capabilities.

Impact of Work Experience on Your Starting Position

Your starting position at Goldman Sachs is heavily influenced by your prior work experience. Here’s a breakdown of how your background will shape your initial role:

Direct Entry (Straight Out of Undergrad)

If you have earned a Master's degree directly after undergraduate studies, you are almost certainly starting as an Analyst. Some departments may offer a 'Senior Analyst' title, but the role and responsibilities will remain the same as an Analyst. These positions are designed to provide a solid foundation for your career at Goldman Sachs.

Lateral Entry (2-3 Years of related experience)

If you have at least 2-3 years of relevant work experience from another financial institution, you may be considered for an Associate position. A Master's degree will certainly help in securing this role, but the final decision will be based on your ability to transfer your background and thrive in the role you are being considered for.

Limited or No Experience

If you lack both a Master's degree and relevant work experience, landing a role as a Vice President (VP) would be highly unlikely. In these cases, your focus should be on gaining experience in a more entry-level role, such as Analyst or Associate, and using these positions to build a strong foundation for your career.

Compensation and Career Development

It's important to note the compensation structure within the organization. The best-performing Analysts often make more than the worst-performing Associates in their first full year. This demonstrates that your position is primarily determined by your performance and potential rather than titles alone.

No matter which role you start in, the key to success lies in hard work, developing relationships, and continuously learning about your business. By focusing on these aspects, you can ensure a fulfilling and rewarding career path at Goldman Sachs.