A Day in the Life of a Goldman Sachs Analyst (The HONEST Truth)
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- เผยแพร่เมื่อ 2 มิ.ย. 2024
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TIMESTAMPS:
00:00 - Intro
00:43 Last week’s video
01:13 Background
02:16 The two most common analyst roles
03:00 Four key parts of an analyst’s role
04:05 A typical day
06:21 Hours of work
06:36 What does ‘work’ actually mean
06:56 The morning meeting
08:09 Internal vs external meetings (09:46)
10:22 The analyst’s role in client meetings
11:29 Internal (team) requests vs external (client) requests
14:54 Expanding your network at work
15:35 Personal and career development as an analyst
16:04 Stretch assignments
17:50 Commercial awareness
19:52 The most valuable individuals
21:31 Technical (investment/product) analyst roles
22:27 Summary
23:15 A word of advice
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ABOUT ME:
Hey! I'm Afzal Hussein. I make videos on banking and finance, careers, productivity and lifestyle. I'm also building Simpley (a marketplace for career advice), and I teach on Skillshare. Before all of this I started my career working at an investment bank called Goldman Sachs. Hit the various links above to find out more about me. Thanks for passing by!
Intro music:
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#GoldmanSachs #InvestmentBanking #Students - แนวปฏิบัติและการใช้ชีวิต
“On time is late, ahead of time is on time.”
I'm so tired of "Day in the life" videos that are just time lapses and clips of them eating. Thank you for not adding to that list. This video was so insightful. When I'm a professional engineer I'm going to provide the same organized insight. Much appreciated, thanks
What a nice comment. Thanks! That means a lot and I'm glad it's added value to your viewing! I'll be waiting for your engineering video 😉👊🏼
Nice profile picture :)
oh geez, I agree with you sir!!! I find it so annoying.
Concerned viewer, you realise you can watch what you want on TH-cam?? You've always been able to buddy. This is probably the most boring video for many.
This lifestyle sounds very healthy and well balanced
Why does this sound sardonic
He does what he wants, only thing that counts
As a wise friend once said to me, if you enjoy your job, you never work a day in your life.
@@MrRooibos123 You are friends with confucius??
Sarcasm. Just working all the time. And if you’re not careful or don’t have good time management skills, your health can take a toll for the worst.
*To clarify a slight error: soft skills are interpersonal/communication skills rather than Excel, etc. Apologies in advance! :)
Afzal Hussein I’m not great with excel any tips or where I can get help
can you please do a tutorial how to automated trade with excel??
Was just about to write this comment lol
@@AfzalHussein what is I drop math in a levels and take business , economics and accounts .!!? Please help
CREATIVE GAMMER take maths no matter what
You truly are an inspiration! I was looking for videos like this for YEARS. Please do more banking related videos! Appreciate the effort and time that you dedicated into making these!
Thank you! Will do :)
Afzal, this is an underrated video. You did a great job providing insights and tips on how to be a good analyst. What's great about this video is that it's not just relevant to investment banking- this video will be very helpful to any graduate analyst in other industries. I'm glad you highlighted that soft skills are key i.e. listening skills, organisation skills, communication skills, punctuality, networking, commercial awareness. All the best for the future.
agreed
I was expecting him to actually bring the camera along throughout this day. Show us the office, etc.
@@nofurtherwest3474 How is he supposed to do that, when he does not work there anymore
@@patrickgold3616 Based on the title, that is what it implies
I agree! He did a fantastic job - very much appreciate this insight! Thank you Afzal!
jokes aside, the best advice of all time was the one I also give to all my students.
Always take 2 hours of the day to grow your internal network. I am not mad if I catch my trainee talking to someone from another division. I encourage them to do it.
I'll drop my comment here
How can you grow your network???
One of the best career videos on TH-cam! No distractions and you were just straight to the point. You naturally have a gift at capturing your audience, without being OTT, and just being genuine. Great video!
Ah that's such a nice comment. Thanks for the feedback. Have a great evening and week ahead. Also, good luck with your career search 👍🏽👊🏽
Happy I came across your page. I understand this content is probably difficult to push out with your busy work week but it’s nice to see this kind of stuff. I’m currently a finance student that is nowhere near this level but it’s nice to see what the cream of the crop is up to. Keep it up!
I really appreciate that you took time out of your busy schedule to enlighten the larger audience on the work day of an analyst. The most articulate video on workday I've ever come across.
Ah thanks. That means a lot. Thanks for watching.
I have learned more about the actual workings of the industry watching a couple of your videos than I did attending insight days and spending 3 years in university.
Hi Afzal, just want to thank you for all the work you have put into your channel. I am a student in Finance, Investment and Risk. When I graduate my ambition is to try and get into your line of work. Your videos are very helpful and time saving.
As soon as you mentioned the time stamps I liked your video, that's something I appreciate and wish more content creators would do.
Haha thanks!
I'm torn between career in investment banking or Asset management, and the role you have described in this video seems like the exact role I want to pursue. Great job on the extremely insightful video, and fantastic advice tips that I would love to take to Goldman one day myself. Thank you Afzal!
This video is gold! Very much under rated. Thank you for posting this. This is very valuable.
I am a middle school student, and chapter president of future business leaders of america at my school. I definitely know that i would like to work in corporate when I am older. Either as a business analyst, investment banker, or a consultant of some sort. Im very interested in all of the different jobs, and I love your channel because I can gain insight on a lot of different aspects of the business/corporate world. Thank you! Your channel is definitely underrated and extremely helpful :)
Hey Afzal, been working for several years as a professional, but I still took away a lot from your video. You clearly know your stuff inside and out to be able to structure it so cogently, and talk about it so clearly. Good stuff.
Thanks! Much appreciated 😊👍🏽
Thank you for your wisdom BiGDONG
Thanks for your sharing , This is not only a day in the life of a Goldman Sachs Analyst, but also advice for working better, working smarter.
Here before 1 million subscribers. There is so much potential for your channel because every finance major is interested in what your day to day professional job is like from an insiders angle in your particular position for that specific institution.
Hopefully, you can show us what it’s like in your world during a season of economic crisis, if and when it happens again??
The information provided in the video is on point, relevant and TRUE. A vlog from which we can actually learn how things work and make a self-decision about working/studying in that direction. Would definitely take a look at your other videos!
it is really nice that you had created timestamp based index so as to easily understand the content of the video ....nice job
Thanks for noticing! Glad they help :)
4 years later and this video is still one of the greatest day in the life explanations I have seen! Thanks so much for all the information you share Afzal!
😄 thanks!
Gosh.. how did I not stumble upon this up till now! Really Informative.
Entering asset management from a non-finance background has always seemed intimidating thus far, but this video helps so much. Thanks a ton Mr. Hussain!
me too. i am currently doing a bachelors in psychology but want to enter asset management. lets see how that works
@@karansharma2738 psychology lol
@@vignesh1065 No need to belittle others. Yes it's almost as useless a degree as it gets but truly in the long run your degree's significance is not much. Have a look at Julian Salisbury (among many others).
Very informative! Will be working at Goldman next summer. good to know all these to prep for the internship.
Amazing stuff! Congrats and good luck!
Feel free to like, comment and share this video so more students can benefit from its content! :)
Crazy how similar your experience with note-taking, interpersonal skills, and "saving people time" is to mine as a medical student, great content mate
Hey Sumit! Indeed! I have a ton of medic friends and we often talk about how similar such roles are in any leading field. Technicalities differ, but transferrable skills all seem to be extremely similar. Thanks for watching :)
I’m not interested in economics or finance but still love watching your videos!
Thanks for this. Sounds pretty much similar to my day in M&A As a Transactor its meetings and producing written material for clients and managing virtual data rooms. A client just asked for a Net Proceeds calculation (post merger) and it was a request we had to turnaround and me and the rest of the deal team do an internal call on teams and we put it together before sending to a senior manager to review before sending to a client.
Great video! I found more value in your video than others because you explained the "work" part. Thank you! Keep up the great work! :)
Thanks! :) I appreciated that :)
Excellent advice man. Im in in the industry aswell and the notetaking and internal conections are 100% true.
As an analyst in asset management, you provided some really great advice and insight!! All the best for your career, you seem like a very sharp and bright individual!
Thanks! :)
I was in J.P. Morgan’s Corporate & Investment Bank (Securities Services Division) as a Senior Associate in a client-facing role (not sales, but service) and I have to say, this video sums it up pretty well. This “Day in the Life” video is most likely accurate to any position on the Street, irrespective of the firm.
Thanks! 👊🏽
Nice video Afzal, I think it gives a good and truthful insight for future analysts!
Thanks!
Your advice at 15:20 is gold. I also found that really important in my career, could you make a video where you go more into depth about that kind of tactics
Hey! Thanks! Have added it to the list :)
I will be doing the Spring Internship for Legal Division in April and I will be interviewed for Summer Analyst Internship. So this was really helpful. I have also been doing the Make Things Possible Academy and I agree networking is so important! They are all so nice and helpful tho! :) Thanks for the video!
This is a great video and truly captures the skill sets that are required to succeed. Thank you for posting it.
Great content on your channel, really appreciate that! I would love to see a video on how to improve one´s excel/power point skills and what are the most important things to know there. Anyway, keep up the great work! :)
Do someone know where I can find study cases similair to the ones we propose at assesment centers. Thanks
Here: www.google.com/search?ei=XusVXY-pEYmGgQbN77-gBw&q=investment+banking+assessment+centre+case+study+examples&oq=investment+banking+assessment+centre+case+study+examples&gs_l=psy-ab.3...3907.5988..6089...0.0..0.155.1314.18j1......0....1..gws-wiz.......0i71j35i304i39j0i13j0i13i5i30j0i8i13i30.VtY3K6NFPKU
As a financial analyst who’s a junior what classes should he focus on more and what kind of information should he know before applying for an internship.
Great vid!! Thanks!!! Clear, honest and to the point! 👍🏽
I've had roles working for the government and one of the big 4, and this seems to be the same day structure for those as well except perhaps longer hours - and the networking
this is sooo helpful! i work in consulting so i love hearing about your work at goldman. it’s so true that people say “it varies day to day” but never go into what their actual role is. i just started posting work content on my channel as well so i loved watching this video❤️
very explicit and precise. Great job
I’ve got friends in nyc working in finance I just wanted to understand how their daily lives were, it sounds terrible
Thank you, Mr. Afzal. Thank you, thank you, thank you, sir.
Wow some of the things you talk about are things I say all the time.. to another analysts.. and I wonder if they’ve also seen this video and thought I stole it from you but no, just things I’ve picked up along the way.
This video was an inspiration as an FA. Thank you for sharing!
Connected with you on LinkedIn a while back. Just came here to listen and this video and others have been extremely helpful to get an understanding on the sector and what can be expected of you. Thanks a lot!
Ah! Thank you! Means a lot :)
My sister was recruited by Goldman from Bucknell in 1998. She started as a foreign currency analyst. So it was boring and s*** crunched a lot of numbers, talk to traders, many of them were fixed, however the benefits, the pay, the perks, the parties, the bonuses all that s*** was amazing at that time. My graduated from the University of Vermont in 2001 and moved in with her in the city 2 weeks before 9/11 and she might have still been at One Liberty plaza. And she was on her BlackBerry constantly
This video is very informative and gives me a general picture of financial analyst’s life. Nice video! 👍
Thanks for watching! :)
Good insight.
Main lesson: Don’t be a sucker and devote your whole life to work, especially in such an industry.
The smart thing to do is save your money whilst working in the City. Get enough capital and then venture out to fulfil your own goals/dreams.
That’s exactly what I did. Now I have time to be with family/friends & travel. Man it feels good to not have to wake up to an alarm clock or be unhappy on a Sunday evening!
(Used to work at Canary Wharf for 6 years in a similar environment)
Great video. Thanks for posting it was very helpful to me as a recent graduate
Should’ve end the video on 00:15
Hahah!
@@AfzalHussein liquidity possibilities?
Bahaha
amazing stuff, could you do a video on your role specifically, I am interested in sales in asset management so it would be great to hear.
Of course! Will do in due course. Thanks for taking the time to watch my videos. Always appreciated :)
This sums up why I didn't go into IB. You really have to love the work and not mind not having any free time for it to be worth it. Nice video though.
Fair. Thanks!
what did you end up going into?
what did you end up going into?
what did you end up going into?
What did you end up going into?
Excellent overview with very helpful insights. Thank you so much!
Brilliantly thorough explanation. Thank you.
Highly valuable insight, thank you for the video Afzal.
Always a pleasure!
I like how you use your hands a lot when talking
Hi, i’m debating whether to go into consulting or banking and one of the big turn offs is the job security at IB firms such as GS. Is it true that a lot of people get terminated after a few years? And if so, I would like to find out what you are doing to cope and meet deadlines etc. Thanks.
Hey! I would suggest applying to both types of firms and seeing what you end up getting. Keep in mind that all companies have various divisions/areas, some of which are less 'secure' and others which are 'safe'. My advice would be not to worry about job security and just get stuck in and try your best at the role you end up with.
Thank you for the video. I'm curious to know who your clients are, what types of assets you manage, what kind of products you have worked on, and how you conduct analyses.
Looking for a new financial relationship myself; What deals your institution like doing; And what type structure?
From my knowledge. Most workers in these type of jobs absolute hate their jobs. Anyone who says otherwise is lying to themselves . The only upside is that they want to retire before the age of 45 which is also is unlikely to happen 😂
Great video. Thank you for sharing this, Afzal!
My pleasure! :)
Great video, I run a family office , did a few years in corporate finance before going it alone and transitioning to private finance.
I feel this is very insightful for aspiring corporate finance career hopefuls. I feel future videos could go into more depth on the sell side but really good video. I’ve subscribed.
First saw you on LinkedIn and have stumbled upon you here, clearly great work from you. Keep it up and all the best, I’m a now a new fan. Perhaps we can collaborate in future off the camera.
M93 Channel Can I ask what your background is? This kind of stuff really interests me as a career but I’m not sure where to start! Where is best to learn basic financial info etc required for these jobs?
Thanks! For sure 👊🏽
Thank you so much Afzal this is so useful even when applying to those banks
Very helpful video, thank you very much. My first year in college and am looking of working in the financial sector. Especially as a banker or trader.
Pleasure! 👍🏽
What is your opinion about using the programing language python and structured query language to help you work?
If it makes mundane tasks easier to complete and creates efficiency gains, then why not! :)
Sorry bro l am now tim is you adesten
An analyst makes about £55,000-65,000 plus bonuses and allowances. So that is definitely worth the workload. Good question? Would my previous work experience affect my application, if I didn't work in an Investment Bank, but I have a Masters in Finance? I would be applying for the associate level.
Thank you so much for this it's so insightful and precise
instead of taking note, is it ok to use voice recorder of the meeting, then type them in word form? lol I'm very slow on taking notes
Im not even in college yet but im preparing for this
🤣
🙌🏽
@@efosai9252 choose another verb next time
Boss I'm a MBA student & like to become a investment banker, since I'm bsc degree guy in graduation , probably I may get as a investment banker in back office. so what are the works does IB back office do & what to know & learn academically? privately ownly before getting job?
Hi Man, great video! btw, would you be able to make a video on Excel and PPT, in terms of what you've learned to do and what are expected of you? Like giving us some examples. Thanks and keep up the good work!
Thank you sir, the best video on investment banking.
Hi Afzal, really useful video thanks! In your Buy side vs Sell side video I noticed you said that you have these structures on both sides. Could you explain how you could be on the sell side when in the asset management division?
Brother! Great informative video. With your background as a manager for which role would a data science major w emphasis on business be the best hiring decision ?
Hi,,do u think it is possible for someone who from audit background to get into ib?esp front office roles?
Wow! Very well spoken and organized explanations. I wonder what the salary is for all of the regimented, devotional hours of work.
Amazingly useful video! Thank you!
Hey man, fellow Bengali here too. Dope vid!
Ayy! Thanks man! :)
Hi Afzal, i am stuck in transnational finance roles i.e. accounts payable, accounts receivable, any advice on how i can get out of this and become a finance analyst or venture out into different roles such as investment banking etc. Many thanks and appreciated the video.
Hi, would you say your experience and lifestyle at the AM division at Goldman would be similar to an AM firm?
Great Video. Really good insight into asset management and a day to day life. 3 questions: did you enjoy Goldman Sachs? Why did you leave? In asset management was it tough in a sense that you a Economics and Finance graduate move into property market or was it easier for you to understand yields etc?.
Absolutely correct! Great video! :))
when you say that part of work has to do with personal development you made it seem like its something you did during your work day, but it seems like you have so many assignments that i find it hard to imagine where you find the time to work on all that and also network. Is the personal development something you do over the weekend? otherwise i thought it was a great video thanks so much!
This just opened my eyes as banker we're all in the same boat LOL Thnx for your content!
Thank you brother for blessing the youth. Revealing the hidden veal much appreciated
Pleasure! Thanks for watching :)
Curious question, how are you affected by the decisions by the seniors such as the Malaysian scandal and the current transparency of cash flows?
Woukd be an interesting answer.........
Sounds perfect for an investment banking analyst 👍
vey insightful video, Thank you!
Hi! You said that one needs to build good commercial awareness. Can you suggest some ways that on how we could do that?
Great video, thank you for the upload!
My pleasure! :)
Hey Afzal, excellent video. I've been following your channel for a long time and all of your videos are highly insightful. I would like to ask you if you had some foreign fellows at Goldman Sachs.
Secondly, do you think that an economist could have any chances to get into investment banking?
Maybe a dumb question but I'm trying to learn, how many divisions are there at goldman sach. I'm trying to find out which field to focus but it seems so perplexing
Can't even handle a 9 to 5.30 most days! I'm a grad consultant at a specialist consultancy with project deadlines and annoying clients and day to day is similar, have my peaks where I may work the odd late day or week but doing that everyday working 12-14 hr days. I guess you get paid double and work double too
Love this video! Please do a video on the GIR division :)
I don't plan to work at Goldman Sachs, but this was an interesting watch.
Thank you for the insight!
Similar experience working at Big X Accounting Firms.