I have an interview with Goldman Sachs for an internship coming up, and I've heard that they expect you to know quite in-depth about the big financial current affairs going on at the moment, as well as how to value a company and some other technicals which I have no idea about.
Seeing as all the 'what we think will happen in 2016' documents are near useless after the start we've had to 2016, I was wondering if anyone could give me a good fairly in-depth overview of the big financial current affairs? Everything I've searched builds upon previous knowledge and I need it from basics.. I figured it'll be China, Oil, Currency; but I don't have a good understanding of whats going on with those topics from fundamentals upwards. Also overviews of any other big talking points would be great.
Also how to value of a company would be good if anyone knows that, along with what other technicals you guys think they might ask.
Thanks in advance!
Enjoy the information you see fit.
This info may help you:
Its been a while since B school but I assume they will ask you at the very minimum the basic technical valuation terms: cash flow, solvency, liquidity, profitability measures, leverage, asset turnover, dividend yield, how you value a company, earnings questions, probably the quick ratios, P/E ratios, Assets to Debt, the greeks, 3 sheets: Bal, Inc, and CF.
From what I read about these NY internships, these are pretty intense and they will chew up and spit out poor candidates. I assume it is a highly competitive internship and it is for a reason. You need to be prepare to bring an actual opinion about a topic and not some pre-canned bullshit you read on Bloomberg or CNN.
Curious informaiton to know:
If I may ask, do you go to an Ivy league school? No offense, but I am shocked how you got the interview with GS without knowing "how to value a company and some other technicals which I have no idea about". I just assumed a world class Financial firm such as GS would have a stronger phone screen.
Personal Experience/Rant:
My first job out of college was with a F500 company (really like a F100), I got lucky as shit that the recruiter had a child who attended my mid tier b school so she was biased for me and gave me the job. My colleague got recruited for the position because he went to Notre Dame. My first question I asked him "Oh wow, you went to Notre Dame, I heard they have a really good business school". He goes "oh, I don't have a business degree, I have my degree in Theology".
From there on out, I knew the system is a complete bullshit scam and is run by the good ol boys club because of what school you can afford to go to. Horseshit philosophy. I really try to believe that the Ivy League schools really only do select the best and the brightest that this country has to offer, not just daddy's pocketbook or because Johnny can catch a football.
But, good luck. I hope you get the job because of this insight and you get paid a shit ton of cash for working 100 hours a week. AND out of the generousity of your heart, you pay me a handsome sum of money for this conversation :-P