why goldman sachs cover letter

An ex-Goldman Sachs salesman's guide to writing a cover letter that works

Applying for roles in the world of finance, investment banking, business and consulting can be an arduous and lengthy process. Whether you’re an undergrad, postgrad or an experienced professional the one thing that’s more grueling than putting together a CV: creating a cover letter. Get it wrong, and your inbox will be hit with the dreaded ‘Unfortunately...’ email. Get it right, and it can be your golden ticket to an interview. Your cover letter is where an organization can get a glimpse of you as an individual rather than bullet points containing your achievements from your CV.

Below is an insider’s list of the things you should (and shouldn’t) be doing when writing your cover letter. Keep in mind it’s not only human resource/recruitment professionals that review your cover letter. It’ll also be reviewed by junior and senior employees within the division/team you’ve applied for.

Do keep it succinct.  Your cover letter should never exceed 1 page. A good rule of thumb is to keep it between 70% and 90% of A4 (standard paper size). This is important as they’ll likely have hundreds to read through.

Do structure your cover letter appropriately. Your cover letter should (I) include a brief introduction about yourself and what you’ve been up to over the last 1-3 years, (II) explain why you want to work for that specific company, (III) describe why the specific division/business area is an area of interest to you and (IV) illustrate why you, as an individual, are suited for the role.

Do mention  firm  events you’ve attended and name drop employees you’ve met .  If I’m reading your cover letter and I notice you’ve attended a networking/insight event or met colleagues of mine, immediately I’ll think you’re proactive, engaged and interested in this field of work. This makes a big difference especially if you don’t have a lot of work experience. It also builds a greater connection between you and the reader as opposed to a candidate who hasn’t proactively networked.

Do include relevant experiences and/or transferable skills . Relevant experiences give the reader peace of mind. Highlight your relevant experiences and emphasize what you’ve achieved in them and the specific skills learnt and/or developed that’ll be useful and required in the role you are applying for. This will help the reader buy into your story. If you don’t have relevant experience, use whatever experience you do have to highlight relevant transferable skills.

Do explain why the organization stands out.  What is it about that specific organization that stands out to you? Was it the people you met at the firm? A social initiative that stood out? The firm’s expertise and specialism in a specific area of the market? Find your reason and stress exactly why that means so much to you. The key here is to not make it generic and applicable to other organizations.

Do share your story.  Take the reader on your personal journey and let your personality come through on your cover letter. A strong cover letter can differentiate itself from the pack and tells a story well, and in doing so leaves a lasting (positive) impression on the reader.

Do be strict with your use of sentences.  You have a finite number of words to use in your cover letter in order to sell yourself to the reader. Thus, it is vital that every point has a purpose i.e. identifies a skill learnt, positive outcome, etc. Ask yourself “So what?” at the end of each point you make.

Do speak the firm’s language.  Every organization has a mission statement, key principles and beliefs they abide by. Find these on their website and pay particular attention to the language used. If your cover letter speaks the organization's ‘language’, the reader is more likely to believe that you’ll be a good fit for the organizations culture.

Don’t come across as if you’re owed this job . Everyone hates an arrogant applicant. Don’t boast or show off. Be humble in your approach. Remember, you’re asking for an interview and job, thus it’s important that you come across as likable.

Don’t be generic and vague.  One of the most common mistakes candidates make (I’m guilty of having done this once upon a time), which costs valuable space, is highlighting generic information from the company’s website. Examples include the number of locations the firm operates from, number of employees working for the firm, etc. Don’t use easy to obtain information – all of the ‘basic’ cover letters do this.

Don’t shoot yourself in the foot. Spelling mistakes and grammatical errors cost candidates interview offers all too often. Such errors display a lack of attention to detail and care – two very important qualities in the world of finance. I’ve seen a cover letter spell ‘great’ as ‘grate’, and it isn’t uncommon for many cover letters to miss full stops. Printing out your cover letter will likely display errors that you would have missed on screen.

A large part of a hiring manager’s role is risk management. They need to hire the right people for their team and the company as a whole. Hiring is an expensive and lengthy process, and therefore it is important for you as a potential hire to minimise the risks associated with hiring you. Simply follow the above tips when writing your cover letter, pair it up with a strong CV, and you’ll be receiving interview invitations in no time!

Afzal Hussein is the Founder and CEO of Official CV Doctor . Prior to this, Afzal spent 4 years in Sales at Goldman Sachs . Afzal currently sits on a number of charity boards and will be launching his millennial consulting company in the summer of 2018. Click here to join over 34k students and professionals following Afzal’s posts on careers, millennials and productivity on LinkedIn.

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Crafting a Standout Cover Letter for Goldman Sachs: Your Passport to Possibilities

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• Posted On: 2023-10-25
• Posted By: Shacara

The Art of Personalization

The opening act: grab their attention, the story of you: show, don't just tell, aligning aspirations: make it mutual, the x-factor: what sets you apart, bridging the gap: addressing any concerns, the cultural fit: be one with the goldman sachs vibe, the closing act: end on a strong note, proofread, edit, repeat, your journey begins here, the final touch: formatting and presentation, 1. clean and professional layout, 2. appropriate length, 3. clear sections, 4. use bullet points or lists (sparingly), 5. margins and spacing, 6. professional tone and language, 7. proofreading and editing, tailoring for success: customize for each application, the final act: sign off with confidence, ready, set, send, contact info.

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Goldman Sachs Interview Process

A guide to understanding how the Goldman Sachs interview process works depending on the candidate's application division and position.

Goldman Sachs Interview Process ‍

This article will provide a comprehensive overview of what to expect when applying to Goldman Sachs as a Summer Analyst and entry-level Full-Time Analyst. We will briefly elaborate on Goldman’s general interview structure, followed by an overview of how the interview process differs for Summer Analysts (front office divisions and internal divisions) and entry-level Full-Time Analysts.

Before applying to Goldman Sachs , all candidates must understand 1) why they want to work in the position they are applying for and 2) why they want to work at Goldman Sachs. Mastering these two why questions in a manner that is personal to the candidate will make the interview process more straightforward for the candidate.

What To Expect

Goldman Sachs’ interview process varies across roles, divisions, and regions. However, a general structure exists of what can be expected during the interview process.

#1 Online Application – Resume and Cover Letter ‍

The general structure of Goldman Sachs’ interview process starts with applying on the Goldman Sachs website and attaching your Resume (CV) and Cover Letter (Motivational Letter) to the application. Goldman Sachs recruiters look at profiles that stand out in non-traditional ways. With this being said, recruiters look at applicants who are honest about their experiences and can show expertise and passion towards business activities and personal activities. Hence, participating in competitive sports, learning multiple languages, creating your start-up, and completing unusual extracurricular (Ex. Ironman Competition) – make your Resume and Cover Letter stand out!

The online application consists of filling in the following personal information:

• Contact information (phone number, email, address)
• Education history currently enrolled and previous (including GPA, awards, if any, and examination results)
• Language proficiency
• Cover Letter / Motivational Letter (up to 300 words)
• Resume / CV (Microsoft Word or PDF, and not password-protected)

‍ Applicants can choose up to two divisions to apply and up to three locations. For example, suppose an applicant decides to apply to the Asset Management Division and the Investment Banking Division (IBD). In that case, they can choose two locations for the Asset Management Division and one for IBD or vice versa.

Also, note that the candidate can only include one Motivational Letter in their online application process. Therefore, the Motivational Letter should reflect a strong interest in one specific division or two different divisions depending on the applicant’s choices.

#2 HireVue Interview ‍

Once a candidate's CV and Motivational Letter have caught a recruiter's eye, they are invited to complete the HireVue Interview. The HireVue Interview signifies advancement to the next stage and the formal beginning of the interview process. Candidates can expect a preparation time of up to 48 hours to complete the HireVue Interview.

HireVue Interviews are a set of predetermined interview questions conducted online where the digital interview platform records your answers live. The set of predetermined questions varies across divisions. A common feature of the questions is that they are primarily behavioural and competency-based.

Depending on the instructions of the HireVue, candidates can expect a set of 4-6 questions that can take a maximum of 2 minutes to answer. Moreover, candidates have 30 seconds to think through how they can respond to the question before the live recording starts for each question. The HireVue Interview process focuses on how the candidates think on the spot and react to scenarios while evaluating the candidate's speech patterns and body language.

A general tip is to practice with the test trial HireVue option. This can be found on the platform site just before you start the official HireVue Interview. Candidates need to ensure that they are in a quiet location and will not be interrupted during the interview by any means, as there is no re-try version once the official interview starts.

Tips for the HireVue Interview include:

• Address all parts of the question and give complete responses
• Dress appropriately in business attire
• Practice before starting the actual HireVue Interview
• Let your personality shine and be yourself
• Focus on your body language and enthusiasm

For more tips on perfecting your HireVue, check out this article: Goldman Sachs Video Interview Tips .

#3 Final Interviews vs. Superday ‍

After completing the HireVue Interview, it can take up to a few months to hear whether candidates have landed an official Superday Interview or Onsite/Online Final Interview round. The difference between the type of interview the candidate receives after completing the HireVue Interview depends on the type of position the candidate is applying for (i.e., Summer Analyst or Entry-level Analyst).

Candidates for the Summer Analyst positions must complete a Superday. A Superday is an assessment centre day and the final interview round for Summer Analyst candidates applying to Goldman Sachs. Superdays typically evaluate candidates by having three individuals interview candidates, each 30 minutes maximum. These interviews can include individuals such as Analysts, Associates, and often Vice-Presidents asking candidates questions on their motivations for application. Depending on the division, Superdays can also consist of tests, focus groups, and case studies.

Once a candidate makes it to the final stage of the interview process, the candidate must prepare for success. Tips to ensure a successful final round of interviews or Superday include:

• Listen carefully to what the interviewer asks, and do not be afraid to ask questions or clarify if needed.
• Bring a positive attitude to the interview. The interviewer has taken time from their work to listen to you.
• Do not get overwhelmed by other candidates. You have worked hard to get here. Play your strengths!
• Always arrive early to the interview. If the Superday is online, arrive 5-10 minutes before the interview begins. It is always acceptable to be early, and you can turn your camera off until the interview starts. If a recruiter is managing the call, kindly greet the recruiter before waiting for the discussion to start.
• If you are nervous, take three deep breaths before the interview. Remember that you have been chosen among thousands for this interview. Interviewers want to listen to what you have to say.
• Read any global business publication and have something ready to say when asked about recent macroeconomic or business-related events.
• Know your resume! It is essential that you can summarize your most meaningful experiences. If asked to walk the interviewer through your resume, relay your resume concisely and let them ask follow up questions if necessary.
• Ask questions to the interviewers! They may have been Summer Analysts at some point in their past and they have likely learned a lot since their start with the firm!
• Research Goldman Sachs thoroughly. Check their financial reports and news articles. Know their values and goals. Check all information you can find on your application division(s). If you know anyone in this division or with experience with it, ask them questions ahead of the interviews. It does not hurt to know ‘too much’ about the company.
• If you are multilingual, ensure this information is on your CV or elaborate on it if given a chance.
• If you do not know the answer to a question, think about how you can best approach answering it or ask the interviewer if they can clarify the question for you.
• Network before the Superday! Learn more about Goldman Sachs through its events, such as information sessions or workshops. You can register for this at My GS Events on their webpage.
• Have a strong presence during your interview. Be confident, charming, and kind. Do not come off arrogant. Remember your interviewer’s name, and smile throughout the interview. Remember that the interviewers also want a pleasant conversation!

Next, we will elaborate on the interview process for Summer Analyst candidates, including how to prepare for Superday interviews.

Timeline of the Interview Process

Regardless of the position and division candidates apply to, the timeline of the interview process differs for everyone.

Some successful candidates may experience a faster application process than others. Despite the differences, it is always best to apply as soon as possible, as candidates’ profiles are looked at in a first-come, first-serve manner. The following graphic outlines a rough timeline based on the experience of several successful candidates.

Summer Analyst Interview Process for Front-Office Divisions

The interview process for Summer Analyst candidates applying to Front-Office Divisions can differ from the Summer Analyst interview process for internal divisions. The main areas of difference are the HireVue Interview questions and the Superday assessment format.

For front-office division applicants, the HireVue Interview might involve more division-specific questions. Instead of mainly covering behavioral and competency-based questions, there can be macroeconomic and banking fundamental questions that test what the candidate knows about the business.

Expected Questions:

• Competency: Describe a situation where you led a team. Elaborate on the process.
• Behavioral: Describe an obstacle you overcame and how?
• Banking fundamentals: Explain what an investment bank does in your own words.
• Business-specific: What do you expect from an investment banking internship?

Besides possible differences in the HireVue Interview questions, there may also be differences in the Superday format. Depending on the front-office division, it may be the case that a division such as Investment Banking requires more finance questions and a different assessment format than the Executive Office division. Regardless of the differences, recruiters will inform candidates what they should expect for their Superday assessment.

For example interview questions and answers, check out this article on Goldman Sachs Interview Questions .

Summer Analyst Interview Process for Internal Divisions

Summer Analysts applying for engineering roles must complete a HackerRank Assessment. Candidates for other internal divisions must focus on the HireVue Interview and Superday.

Unlike the front-office divisions, internal divisions tend to skip technical and macroeconomic-related questions during the HireVue and Superday interview process. The internal divisions focus primarily on competency and behavioural questions that test the candidate’s analytical and thinking capabilities.

Nonetheless, candidates should still familiarize themselves with banking fundamentals and division-specific questions that may appear during the Superday interviews.

Additional Resources

If you're looking to better your chances at securing a competitive internship or full-time role at Goldman Sachs, you'll likely want to level up your technical finance knowledge to better prepare for your interviews. If this sounds like you, we strongly recommend you check out our Complete Finance & Valuation Course and more using the get started button below!

Other Articles You May Find Helpful

• Goldman Sachs Interview Questions
• Goldman Sachs Front Office Divisions
• Goldman Sachs Video Interview Tips
• Must Know Finance Interview Questions
• My Goldman Sachs Investment Banking Resume

Introduction

Building a cash flow statement from scratch using a company income statement and balance sheet is one of the most fundamental finance exercises commonly used to test interns and full-time professionals at elite level finance firms.

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Why do you want to work for Goldman Sachs? Interview questions answered

Goldman Sachs is more than just a name everyone knows , and one of the biggest investment banks and financial services companies in the world. It is one of the market makers , a systematically important bank, one that simply cannot bankrupt . If it did bankrupt, the US economy would suffer a blow it might not overcome… But does these thing matter for a “common Joe”, for an ordinary employee of Goldman Sachs, such as an analyst or associate , or for someone working in the administrative? And what should you say when confronted with this question in your job interview , or on your job application?

First of all, you can dream big . Because Goldman Sachs wants to employ ambitious people. Almost everyone starts as an analyst, but the company has over ten thousand vice-presidents , and though it is a mere job title, because in reality you aren’t a president of anything, it is a clear declaration of the mindset of Goldman Sachs leaders. Secondly, you can talk about having an impact . Because the company wants to have an impact and continue to be the market maker. Last but not least, do not forget to say what you can bring onboard , because every employment is a give and take relationship–you will earn an amazing salary and a lot of recognition working for Goldman, but you will also sacrifice something for the company…

Let’s have a look at 7 sample answers to the question. You will find on my list a variety of responses, reflecting variety of mindsets , expectations, and personalities. Go through them all, find one which resonates with your mindset , and then adjust it a bit to reflect the message you try to convey in the interviews.

7 sample answers to “Why do you want to work for Goldman Sachs?” interview question

• I just want to work for the best . I’ve always excelled in financial analysis , and one doesn’t have to work in the field for years to understand that awful lots of money can be made in investment banking. Of course, a smart guy with excellent academic record like me has many options. But I want to work for the market leader , with the best people in the field, and one can find such people at Goldman. Let’s make this dream come true.
• Speaking honestly, I love everything about the company . The drive you have here, high expectations you place on your employees, the salaries and employee benefits, even the scandals you had in the past , and how you managed to settle them. I feel that such a working environment is an excellent match for my personality , and I also know that sky is the limit in investment banking. One doesn’t have to work twenty years here to have enough money to retire . Everything considered, I cannot imagine a better place for me at the moment.
• My main goal in my professional career is to have an impact . Impact on the economy, on the lives of people in the country–hopefully a positive impact. In order to have an impact, you can either work for the government , or for one of those companies that aren’t mere market leaders, but market makers . Companies that in a way set the rules of the game , though of course it isn’t the way general public perceives it. In my opinion, Goldman Sachs is such a company, and I dream of working for Goldman.
• I know another secretary who works for Goldman, and she said really good things about the job, collective in the workplace, employee benefits . What’s more, I like the world of investment banking, and though I cannot work as a banker or an analyst–have neither the education nor the talent required, I can at least somehow belong to this world , as a secretary. Or at least that’s how I see it, and it is one of the reasons why I want to work here, instead of some other places that may pay a better salary.
• Money is the answer . Let’s face it– job of an analyst here isn’t particularly difficult –or it isn’t more difficult that a job of an analyst in other places. The salary is better though, so are the career growth options . I know that I will have to prove my skills and deliver, if I want to become an associate or even a vice president few years down the road. But I believe I am capable to do it, and once you reach those levels the salary is much better than the one you can earn in almost all other corporations, having the same job.
• There are many reasons– job security, prestige, great salary, working environment . Just look at this building–how marvelous it is! I’d love to call it my place of work. And when you say that you work for Goldman, everyone immediately recognizes your position. What’s more, as the last big financial crisis has proven, this company just cannot bankrupt , so the job security is almost unmatched. Everything considered, I see many reason why I should work here, and none why I shouldn’t. Having said that, I do not idealize the job . I know I will face challenges, deadlines, problems… But I’d face such things in any other big corporation , and prefer to face them at Goldman, instead of some other place that won’t offer me the same things.
• Honestly speaking, I am still undecided . Have submitted my job application to five companies, and I knew that with my resume everyone would invite me for an interview . I did my research, and liked a lot what I learned about Goldman. But the same is true about the other four corporations I applied with. So my goal is to go to the interviews, explain what I can offer , see the people and the workplace, understand what the job has to offer to me, and just then decide. I have no favorite at the moment, but glad to be here, get a chance to talk to you, and let’s see how this ends up…

Money is a good answer–at least with Goldman

As a rule of thumb, you shouldn’t talk about money while explaining your career choice or job choice in the interviews. However, certain cases are an exception to the rule , and Goldman Sachs is one of them. The entire company culture is based around money… You will work with money (financial instruments), study money, talk about money, and of course, you can earn a lot of money with Goldman Sachs.

Such a working culture won’t be my cup of coffee, but they are looking for people who are strongly money-driven . Because–and let’s be honest, job at Goldman cannot really offer you a sense of a meaningful purpose, of doing something for society, or a certain community within… But it can afford you the feeling of superiority , and a great lifestyle, because of the money you will earn with the company. That’s why it makes sense referring to such things while explaining your job choice.

Perfect jobs do not exist

You should certainly show excitement in the interviews. For one reason or another, Goldman is your first choice , and you dream of working for the company. At the same time, however, it is good to show realistic expectations on the job–either directly in your answer to this question, or while answering any other one in your interviews with Goldman.

The job won’t be easy . You’ll have targets, deadlines, things will get tricky at times, you’ll have to stay until 10pm at work, and so on, and so forth. Sure, you will earn a very nice salary, and career growth options at Goldman are second to none , but everything comes with some price… You should be aware of it, and show realistic expectations in your interview…

Ready to answer this one? I hope so! Do not forget to check also the full list of Goldman Sachs interview questions , and good luck in your interview!

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No, you cannot apply to a Summer Internship position and a New Analyst/New Associate position in the same recruiting season as the Summer Internship is ideally suited to candidates who are in their second or penultimate year whereas the New Analyst/New Associate position is ideally suited to candidates who are in their final year of university.

10. Can I apply to a location for which I currently do not have a work visa?

We cannot advise you on your work eligibility status, but we do not reject any candidate because of his or her need to obtain appropriate work authorization. You are free to apply to any division or region of interest and we will consider your application(s) for the corresponding areas of the firm.

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Goldman Sachs Cover Letter Review

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Currently writing a GS cover letter and would be very grateful if anyone would care to give it a read through and give me any feedback. Have little knowledge/experience of cover letters so this is my first attempt.

Note: The lack of formatting (i.e. address, formal setting etc) is due to the fact that GS want it to be submitted into the application form, so not a word doc.

Main point: you have to mention the position are applying to. Good spin of History major but I would add all the analytical experience you have to make the story more interesting.

Thanks for the reply.

Just to mention summer analyst enough? No need to go into 'individual' responsibilities? For example common knowledge that interns do the bitch work... Best to leave that out?

I am also a qualified ski instructor - I was thinking of adding that in saying it showed me how to analyse individual client needs and assess when a change of plan is needed, i.e. clients aren't progressing

"XXXXX, an analyst in the Goldman Sachs XXXX office, recommended that I apply to the [job title] position. He advocated the Goldman Sachs emphasis on the individual and said my History degree would be an asset..."

I think this would be a better way to approach it. Currently your first sentence is too negative and instantly creates a bad tone.

Also if you are applying to a job in the US, which is what I assume, we spell "analyse" as "analyze".

Hi everyone,

was just wondering, does GS still strictly demand a 300-word cover letter? Or have they laxed up on the rules now

Did you get the role?

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Provident quae qui itaque nostrum. Non sit soluta perferendis ab veritatis delectus ad. Voluptas ut aperiam eos aut ut.

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Goldman Sachs Cover Letter: 4 Templates and Emails

If you are planning to apply for a job position at a prestigious company like Goldman Sachs, you will definitely have to make your application cover letter attractive. We are here with some letter samples that sill surely help you if you need. Just make sure to insert the required personal details at the right places.

Letter Template: 1

Table of Contents

Goldman Sachs Cover Letter

[ Mention the date]

[ Mention the name of the hiring manager]

[Mention the name of the company]

[Mention an appropriate address of the company]

Dear Sir/Ma’am,

I saw at Goldman Sachs site that your company is looking for [ mention the post ]  and I read the job description by which I believe that I am suitable for this role and can do this properly.

I am well trained in this field and have an experience of [ mention the years] by which my skills are proper for this role. As I have a friendly and positive nature, I can work in a team as well as in  an individual. Apart from this I can manage time well, have good communication, have leadership qualities and can learn new things in a faster way.

I always wanted to do something big in this field and I would be really grateful if I get a chance to work in such a big company as Goldman Sachs. This job is good for my development and will help me to learn new things about this field.

I will apply my theoretical knowledge to get my work done in a proper way and in the given time. I hope you will not get dissatisfied with my work and the techniques that I will be using if I get selected for this post at Goldman Sachs Company.

I have attached one copy of my resume and the other documents. This will really help you to get an idea about my skills and experience gained from my training period. Hope you will contact me soon to discuss the role in detail. You can contact me for the further procedures at your own convenience. Thank you for your time. Have a good day.

With regards,[ mention the name of the sender]

[Mention the address of the sender]

[Mention the contact details of the sender]

Download Template : ( pdf, docs, ODT, RTF, txt, HTML, Epub, Etc )

Letter Template: 2

[Mention the name of the hiring manager]

[Mention the address of the company]

With due respect, I [ mention your name] want to state that I am interested in working at Goldman Sachs for the post of [ mention the post]. I saw the job description on the company’s site and after reading it I find myself suitable for this position at Goldman Sachs Company.

As my qualifications are proper for this post and in addition to this, as I have been interested in this field from childhood, I did training from [ mention the name of the institution] for [ mention the years] where I learned different and new things about this field and also worked in a company called [ mention the name of the company] for [ mention the years] to apply my theoretical knowledge to gain some experience in this field which will make me perfect for this job role in a big company like Goldman Sachs.

I have different abilities I am goal-oriented, work in teams, and have good management qualities by which I am confident to do this job in the correct way and complete my tasks in the given time.

In this letter, there’s one copy of my resume and other important documents which will make you believe that I am suitable for this job and perform well in this field.  Hope that I will be receiving a call from you very soon to discuss the role in detail. There will be no issues if you contact me at your own convenience. Have a great day ahead.

With regards, [ mention the name of the sender]

Letter Template: 3

[Give a proper address of the company]

Recently, I saw that Goldman Sachs Company is searching for [ mention the post]  at [ mention the site] . After reading the job description and requirements you are searching for in a candidate, I got really excited and want to apply for this post in your company.

As I have a degree in this field from [ mention the name of the institution] and did my training at [ mention the name of the city] from [mention the name of the institution] so I believe that I will be able to perform this role properly.

I was searching for this type of job for a long time in which I can really do well, finally, I got this opportunity. I have skills like I am a hard worker as well as a smart worker, goal-oriented, can do work under tremendous pressure and adaptable.

It would be really good if I get selected for this job on the basis of my experience and knowledge. I have always worked hard in this field as I was interested in this field from childhood and really want to get a job related to this field. You will not be disheartened by giving me a chance to work for your company.

One copy of my resume and other necessary documents are attached to this letter. You can judge my abilities after seeing them. Hope we will be discussing the role soon and the other factors. You can contact me at your own convenience. Hope to receive an offer letter from your company very soon. Have a nice day ahead.

Letter Template: 4

[Mention the date]

With due respect, I am writing this letter to show my interest in the post of [ mention the post] at Goldman Sachs Company. According to the job description and requirements mentioned in the company’s site, I am really grateful to know that I am suitable for this position.

According to the requirements, a candidate must have a master’s degree certificate in [ mention a particular course] and have skills like good communication, leadership qualities, can multitask, dealing with the customers, fluency in all the languages, and must have a positive attitude, it is good to know that I consist of the skills required for this post at Goldman Sachs Company.

In addition to this, I did my training in this field from [ mention the name of the institution] for [ mention the years] and after my training period was over, I worked at [ mention the name of the company] as a[ mention the post] to gain my experience by applying my theoretical knowledge.

I have work experience of [ mention the years] related to this field as I was interested in this field from a very young age, and since then I have worked on it. I assure you that you will not face any failures if you give me this amazing opportunity to work for Goldman Sachs as a [ mention the post]. You will be amazed by my work and will not get disheartened. I assure you to increase the company’s sales by my skills, experience, and new techniques. 

There’s one copy of my resume as well as my other necessary documents for this job, it will help you to believe in my skills and experience. You can contact me anytime regarding the post at Goldman Sachs Company. Hope to discuss this role in detail and work for a Big company like Goldman Sachs. My contact details are mentioned below through which you can contact me regarding this position. It would be great if you consider me for this job role at your company. Thank you so much for your time. Have a wonderful day ahead.

[ Mention the address of the sender]

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“Business, marketing, and blogging – these three words describe me the best. I am the founder of Burban Branding and Media, and a self-taught marketer with 10 years of experience. My passion lies in helping startups enhance their business through marketing, HR, leadership, and finance. I am on a mission to assist businesses in achieving their goals.”

Sample cover letter for Internship position at Goldman Sachs

Spring week intern.

Having attended a presentation by Goldman Sachs hold by Philipp de la Chevallerie at WHU, I became interested in your company and my initial curiosity and fascination for investment banking were confirmed and deepened. That is why I would hereby like to apply for a Spring Internship. I would love to experience the flair of Europe´s financial center, which I was already able to sense during several stays in London. Therefore, I was particularly interested to hear that you are hiring students for a spring week, which in my eyes, is the best opportunity for a first-year student to get an impression of the world´s leading investment bank.

I am highly motivated, disciplined and thorough, able to work in a team and always want to improve. I think that these characteristics fit perfectly with Goldman Sachs and IB. I am convinced that Goldman would be the perfect company to make the most of Spring Week, not only due to its global reputation as a leading investment bank, but also because of the unique working environment. The daily work and the implementation of Goldman’s 14 business principles, which are, in my eyes, crucial for your world-class service and customer relationship and success were decisive for me to apply to your firm.

I would be very pleased to have the opportunity to discuss my application during an initial telephone interview at your convenience. In case you require any further information, please do not hesitate to contact me. I look forward to hearing from you.

• Goldman Sachs-stock
• News for Goldman Sachs

Goldman Sachs Has Potential For Significant Alpha Generation: Analyst

Shares of Goldman Sachs Group Inc (NYSE:GS) were heading south in early trading on Monday.

Investors who are being cautious due to the recent rally in the stock run the risk of "losing out on significant alpha generating opportunity," according to Bank of America Securities.

The Goldman Sachs Analyst: Ebrahim Poonawala maintained a Buy rating and price target of $525.

The Goldman Sachs Thesis: Goldman Sachs offers "better EPS defensibility relative to retail banks, especially if Main Street credit quality worsens," Poonawala wrote in a note.

Check out other analyst stock ratings.

Poonawala mentioned five drivers of stock outperformance:

• Earnings upside due to recovering investment banking activity
• Capital optimization by reducing private investments, as this lowers regulatory capital requirements
• Exposure to the investment super-cycle, including "climate transition/re-shoring, AI led investment spend, generational wealth transfer"
• Shift in business mix towards higher P/E asset management revenues
• Better execution with consumer distractions being put behind, which improves the bank's ability to capitalize on growth opportunities

"Next 10 years likely to be very different relative to the challenged decade post the Great Financial Crisis (due to Volcker, Basel, 1MDB, consumer strategy, business realignment)," he further stated.

GS Price Action: Shares of Goldman Sachs had declined by 0.9% to $452.47 at the time of publication on Monday.

Now Read: Berkshire Hathaway, Chipotle, More NYSE Stocks Hit With Trading Halts Triggered By Technical Issues

Image: Shutterstock

Goldman Sachs News MORE

Related stocks.

I quit my director job at Goldman Sachs to start my own company. There's always a cap if you're an employee.

• Hong Yea spent 10 years as a trader but always had dreams of starting his own business.
• Yea quit his director job at Goldman Sachs to start a crypto company, just as the industry tanked.
• He had doubts, alongside everyone else, but a Korean proverb spurred him to pursue his startup.

This as-told-to essay is based on a conversation with Hong Yea, a 36-year-old CEO and cofounder of GRVT. It has been edited for length and clarity.

In 2018, after five years of working in security lending at Credit Suisse, I started pondering what I wanted to do with my life. I was 30, living in Hong Kong. Did I want to keep working as a trader or do something completely different?

Around that time, a Goldman Sachs recruiter in Hong Kong approached me to work for them. After an interview, they offered me a job. I wasn't convinced I wanted to stay in banking, so I declined.

I took a two-week trip to Canada to meet with a good friend who worked at Amazon. If I was going to leave trading and start something new, I needed to be convinced by an idea or industry I could immerse myself in.

After two weeks of brainstorming with my friend, I didn't love anything we came up with. Luckily, Goldman hadn't filled the role, so I started working for them in November 2018.

Working at Goldman Sachs would always be limiting

I liked working as a trader at Goldman, but it wasn't fulfilling. I had this passion to start a business I couldn't let go of.

I worked at Goldman from November 2018 to July 2022. During that time, I started several side projects, including a restaurant and a home import service. I slowly realized that working for Goldman or any company, the end goal is limited to possibly being a partner. There's a cap.

I was promoted to executive director in 2019. The next step at the firm was managing director, a role with significantly more responsibility and compensation. I knew I'd struggle to walk away from my team and the money.

If I wanted to build something of my own, I needed to leave before reaching that point.

The 3 essentials for leaving my job

By 2020, I was seriously considering leaving my job to start my own business. But before I went out alone, I needed my new venture to be positioned in a fast-growing industry, have a business idea I knew I could contribute to and excel at, and have good co-founders to help me run the business.

I started researching crypto and blockchain in 2021. I'd invested in crypto since 2018 but wasn't that into it. But in 2021, the market was booming. I looked at the technology more closely, and it seemed applicable to the financial systems I was familiar with.

I booked a ticket to a crypto conference in February 2022 in Barcelona to learn more. The conference convinced me this was the industry to be in. There were many "crypto natives" there, but I saw a lack of traditional finance expertise. It felt like was a big opportunity for me to get in early.

When I got home, I spoke with two friends, Matthew and Aaron. Matthew was a trustworthy friend with a strong blockchain background. He'd introduced Aron to me as the best engineer he knew. I suggested we look into the decentralized finance space and see what improvements we could make, and they were on board.

I had all three requirements I'd set out to leave Goldman.

We started a crypto company weeks before the crash

By April 2022, we all decided to quit our jobs and dive full time into creating GRVT (pronounced gravity).

Related stories

GRVT would be a self-custodial cryptocurrency exchange designed to give users complete control over their assets. Basically, it would be a system to create more secure crypto trading and protect investors from third parties defaulting on their payments.

I had enough savings to cover my rent and living expenses for a year and other non-cash assets that I could leverage if needed.

For me, it didn't matter how much I'd saved. The key was having a team and project I felt confident could raise sufficient funds. Now we had that. There was no turning back.

I was working from Singapore in early May 2022. I emailed my boss in Hong Kong to say I was resigning. When I followed up on the phone with him, he said he was coming to Singapore a week later and wanted to talk with me in person.

At the same time all this was happening, Luna Crypto, followed by the crypto market, crashed.

The crypto industry had been decimated, and I'd lost around two-thirds of my savings in cryptocurrency. I couldn't help questioning my decisions. It was a really fragile time in my life.

When I told my parents and friends I had resigned from Goldman to start a career in the cryptocurrency industry, they were concerned. Many people asked why I'd leave Goldman for crypto during a crash.

"It is the best time to build when things are crashing as long as you have the conviction that industry will grow because it's the time when the fewest others will be building," I said in response to their worried questioning.

A Korean proverb inspired me to stick to my guns

My boss flew into Singapore and met with me. "Are you sure you don't want to come back," he asked me, half serious, half joking.

But after talking to my fiancé, I decided to stick with my plan. She reminded me of a Korean proverb: "If you've drawn your sword, you need to slay something before you put it back." I'd been careful and made all the right assessments. Even if the markets were tanking, I was committed.

In the following months, we focused on building and getting investor funding. It was the worst time to raise because no one was looking to crypto. It was daunting, and stressful, and required a lot of self-convincing.

In October 2022, we pivoted away from lending toward building a safer hybrid trading platform: a crypto derivatives exchange. That's when we started receiving our first proper investments.

It felt like the industry was entering a no-return stage after FTX

When FTX filed for bankruptcy in November 2022, it confirmed that we were building something the industry needed.

If you trust your funds to an exchange, they have full control over their management. GRVT solves that problem. User funds are never controlled by a third party. You always have control of the funds in your own wallet and trade through your own wallet.

After the FTX crash, there were moments when I thought the industry was entering a no-return stage because the sentiment was so negative.

The technology we believed in — blockchain and smart contract-based risk management — could be the answer to preventing future incidents like this. That conviction kept us going through the toughest times.

Since the FTX crash, things have gone up for us

We've raised about $9.3 million, which is pretty decent for seed rounds at the worst time. We're a team of 26 building what I think is the future of exchanges. We're looking to launch in the next two months. Over 2 million people are registered on our waiting list, and we have 500,000 followers on X .

Achieving these milestones step by step is exciting for myself and the team, even if we've built it through the worst times.

I wanted to dream up something big enough that when I fulfilled it, it felt so much better than working for a company. We weathered the storm, and it feels incredibly rewarding.

Watch: Microsoft CEO unravels ChatGPT, ethical AI, and going bust

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Why Can’t College Grads Find Jobs? Here Are Some Theories — and Fixes.

By Peter Coy

Opinion Writer

Many new college graduates are having an awful time finding jobs, as I wrote in April and in early May . I’ve been trying to understand why, and I think I’m getting closer to more answers.

There’s lots of anecdotal evidence that something is wrong. Please take a listen to a new episode of “The Opinions” podcast I did with John York, a 24-year-old with a master’s degree in math from New York University who grabbed my attention when he wrote me that “it feels like I am screaming into the void with each application I am filling out.” Derek Arthur, the producer of the podcast, interviewed other young graduates, including one who said he had sent out over 500 applications with no luck.

At first blush, stories like York’s seem like outliers, since the unemployment rate is still pretty low — 3.9 percent in April. But a report this week by Elsie Peng, an economist at Goldman Sachs, shows that the anecdotes point to something real.

Digging into Bureau of Labor Statistics data, Peng found a recent decline in the job-finding rate of new entrants to the labor force. Fresh college grads make up a big chunk of that group.

The chart above, which I made from Goldman’s data, shows that the hiring rate for new entrants to the labor force is below its average since mid-2000, even as the hiring rate for experienced workers remains well above its average.

This next chart shows that the hiring rate for people with a bachelor’s degree or more (not just new grads) has fallen off recently, while the rate for people with less than a bachelor’s degree has stayed high.

I asked Goldman’s economics team why finding a job has gotten harder for new entrants and college grads (and presumably especially hard for new entrants who are college grads). In an email, the team wrote that “we have not looked into the specific drivers” but said there are several potential reasons. Among them:

For 2024 grads, studying remotely during Covid “may have affected their training, networking, and human and social capital accumulation.”

There are still some worker shortages, but mainly for low-skilled jobs.

The labor market may simply be “moving into better balance,” allowing employers to become more selective.

Some people with student loan debt who weren’t working may have been forced back into the labor market by the need to resume payments on their loans, adding to competition for jobs.

I also spoke to a lot of people in and around the hiring business who helped me understand at ground level why the college-to-job transmission belt is working poorly.

“We see a lot of caution and uncertainty” from employers, Karin Kimbrough, the chief economist of LinkedIn, told me. They’re uncertain about the outlook for interest rates and consumer demand, she said, “making them very cautious” about hiring.

Even though the unemployment rate is low, fewer people are quitting, so fewer jobs are becoming available, according to Bureau of Labor Statistics data. LinkedIn’s estimate of the national hiring rate was down 9.5 percent in April from a year earlier.

One point I heard over and over is that simply tossing your résumé and cover letter into a company’s job portal has a low probability of success, especially now. It’s so easy to submit applications that companies are being bombarded with thousands of them. Human beings can’t possibly review all of them, so they’re reviewed by computers, which simply search for keywords. They don’t understand in any deep way either the applicant’s qualities or the employer’s needs.

“The better writer you are, the greater your chance of getting rejected, because you won’t use keywords” the way the evaluation algorithm wants, Nick Corcodilos, a recruiter who runs the website Ask the Headhunter, told me. Personal contact is crucial, he said. Rather than spraying applications far and wide, he recommends focusing on a handful of companies, researching them in depth and contacting a wide range of people connected with them, even their suppliers and customers.

College work experience can make a difference too, according to Jane Swift, a former lieutenant governor and acting governor of Massachusetts who’s now the president of Education at Work, a nonprofit that helps students get internships related to their chosen fields while they’re still in school. Those college jobs, she wrote to me, “enhance prospects for a good first job and a career filled with purpose and passion.”

Fixing the college-to-job transmission belt should be partly employers’ responsibility, not just applicants’. That’s especially true for applicants from groups whose potential tends to be underestimated, such as single mothers, Joan Lynch, the chief content and programming officer of WorkingNation, a media nonprofit that promotes ways to fix unemployment and underemployment, told me. “It takes opening their eyes and saying, ‘Oh, this is a valuable employee,’” she said.

The bad news is that more and more evidence suggests that getting a good job right out of college is really tough. The good news is that a lot of people are aware of the problem and striving to do something about it.

The Readers Write

You wrote that people dislike inflation — Japan is no exception. Everyone is so frustrated. However, in this country the central bank is not fighting inflation, as the Policy Board members think deflation is bad. The annual change in the Consumer Price Index has been above 2 percent for more than two years, but economic growth has been weak in real terms. Targeting higher inflation is a bad policy; they should focus on real growth.

Hiroshi Utsumi Ogaki, Gifu, Japan

Every time I go into a supermarket, my visceral first thought is, “When will this inflation end so prices can go back to normal?” Mind you, that’s after having taught macroeconomics for 40 years, so I know that inflation is the change in prices, not their level. My second thought is, “Well, you flunked again.”

Brent Kigner Kufstein, Austria

I was surprised that you did not mention the unwinding of the negative supply shock as a reason for the reduction in inflation without an increase in unemployment. Indeed, most news reports that I read solely focus on the Fed, assuming that it alone is responsible for the decreased inflation, when actually I think it has played a secondary role thus far.

However, the things that have limited the Fed’s effect on aggregate demand (and, hence on inflation and unemployment), such as an aggregate wealth effect from financial markets, increased real wages and residual effects from the expansion of government programs, have a limited shelf life. And soon, I fear, the Fed increases to date will start to really bite. I believe they are making a big mistake not lowering rates sooner rather than later.

One other point. As someone who was a Federal Reserve economist during the Volcker years, I think that the current Federal Open Market Committee has taken the wrong message from those fraught times. They seem to believe that credibility comes from “being tough” on inflation and biasing their decisions toward austerity. That is seriously mistaken. Instead, credibility comes from people believing that the Fed will make the correct decisions at the right time and explain why those decisions were made. I have yet to hear a coherent explanation from the Fed as to why they think they have played a major role in reducing inflation and why they need to keep rates high, other than vague references about the strength of the labor market and actual inflation. Given the lags in policy effects, this is a recipe for disaster. I am afraid this does not end well.

Robert DeFina Bala Cynwyd, Pa.

I am writing to express my sincere appreciation for your thought-provoking article, “No, Americans Are Not Completely Stupid About Inflation,” in The New York Times. As the rights holder and trustee of the estates of the influential civil rights leaders W.E.B. Du Bois, Shirley Graham Du Bois, and David Graham Du Bois, I was particularly pleased to see you conclude the piece with a powerful quote from W.E.B. Du Bois.

Your discussion of the possibility of reducing inflation without inducing a recession through effective coordination and credibility aligns with the forward-thinking approach championed by Du Bois. Moreover, your inclusion of Du Bois’s quote, “Either the United States will destroy ignorance or ignorance will destroy the United States,” serves as a poignant reminder of the importance of education, understanding and open discourse in addressing societal challenges.

Odell Murry Toluca Lake, Calif.

Regarding your newsletter on Red Lobster: Please tell the whole story about the role of private equity in taking apart the business. Endless shrimp aren’t the main reason for the company’s bankruptcy filing.

Ruth Rodriguez Denver

Peter here: Many readers argued this. I thought I had fresher things to write about the Endless Shrimp promotion, but I should have touched on other accusations against Red Lobster’s owners.

Quote of the Day

“The idea that the poor should have leisure has always been shocking to the rich.”

— Bertrand Russell, “In Praise of Idleness,” Harper’s Magazine” ( 1932 )

Peter Coy is a writer for the Opinion section of The Times, covering economics and business. Email him at [email protected] . @ petercoy

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Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion

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Reporting by Hadeel Al Sayegh, Maha El Dahan, Yousef Saba and Federico Maccioni; Writing by Yousef Saba; Editing by Bernadette Baum, Jan Harvey, Anousha Sakoui and David Gregorio

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Maha has been working as a Reuters journalist for over 15 years covering stories across the Middle East from Egypt, the Gulf, Yemen, Iraq, Syria, Lebanon and Jordan. She is currently Gulf Bureau Chief based in Dubai and continues to cover energy and OPEC policy. In her previous roles, Maha has overseen Lebanon, Syria and Jordan coverage as Bureau Chief based in Beirut and managed the energy and commodities file across the Middle East. Maha began her career with Reuters in Cairo.

Yousef covers Middle East energy out of Dubai, paying close attention to Gulf state oil giants, their roles in the ambitious region's transformational plans and the shift to green energy. He previously covered Gulf financial and economic news, with a focus on the fast-growing capital markets there. He joined Reuters in 2018 in Cairo, where he covered Egypt and Sudan, including its uprising. He previously had stints at a local paper in Cairo and in D.C. as an intern at Politico during the 2016 U.S. presidential election.

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Stocks, commodities slip as soft US data signals cooling economy

World stocks and commodities slid on Tuesday as investors turned uneasy about evidence that the U.S. economy's "exceptionalism" may be starting to unwind, after data showed surprising weakness in business activity.