Without a doubt, it is a dream place of work for many people with background in investment banking, or in management.
To have any chance of getting a job with Goldman Sachs, you have to pass several rounds of interviews, answering screening, behavioral and technical (job-specific) questions.
On the top of that, you have to cope with a couple of personality tests. And remember that this hiring process applies to all positions, ranging from administrative to managerial.
Typically they will interview you over the phone (a few screening questions, just to learn something about your communication skills, experience, motivation and personality), and then (if you pass the phone interview) they will invite you for an assessment center (that consists in behavioral and technical questions, and the tests).
Let’s have a look at some questions you can expect.
List of common questions
- What do you like the most about Goldman Sachs, and what do you dislike the most about our company?
- Who are our main competitors? Why should clients decide to co-operate with us, and not with them?
- You have to choose from two contracts you can sign with a client. The first one is a short term contract that will bring Goldman Sachs 1 million in revenue in one year time. The second contract is for a long co-operation, but it will bring us only $100,000 each year. Which deal would you choose, and why?
- What worries you the most right now when you look at the stock market?
- Describe a situation when you achieved a goal, and a situation when you had a goal, but failed to achieve it.
- What do you consider the highest level of leadership in an organization?
- Tell us a story.
- What motivates you the most in work?
- Try to describe what we do in this division of Goldman Sachs.
- Give us an example of a situation where you were outside of your comfort zone.
- If I give you $10,000 to invest right now, how would you invest the money?
- Why should we hire you, and not one of the other 100 job applicants who applied for the same job opening?
- Describe a conflict you had with a colleague in the past. How did you solve the conflict?
- Describe a time when you went above and beyond with your customer service.
- What do you consider your greatest strength, and how will this strength help you in a job with us?
How to prepare for the questions and the tests
The best way to prepare for the technical questions, and the personality tests, is having the right mindset, and knowing something about Goldman Sachs.
Plus, of course, you should know a lot about your field of expertise (think marketing, investment banking, programming, etc).
What is more, You should spend enough time researching about the company, trying to learn as much as you can about their goals and values, about their clients, and the working environment. The more you know the easier it will be for you to find the answers…
Try to create a connection with the company, in your mind. Such a mindset will help you to come up with good answers when it will matter the most.
Behavioral and screening questions – the same song in every interview
Behavioral and screening questions are more straightforward, and you can prepare for them in advance.
Why? Simply becasue all employees experience similar situations in the workplace, in terms of motivation, and interaction with their colleagues.
A secretary, a system analyst, an HR manager–all of them experience discussion and conflicts with their colleagues, all of them had some deadlines they have to meet, they have their successes and failures.
The question “How do you deal with conflicts on the workplace?” make a sense in every interview in Goldman Sachs, just like the question “What motivates you in work?”.
If you would like to see brilliant answers to thirty most common screening and behavioral interview questions, have a look at our Interview Success Package–your ticket to a new job contract :).
Other articles on InterviewPenguin.com
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