Goldman Sachs Mock Interview
Master 40 Goldman Sachs interview questions covering technical skills, market knowledge, and cultural fit.
Question 7 of 40
If you advised a client to hedge against risk in their portfolio, but they wanted to take an alternate action that could hurt their long-term goals, what would you do?
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Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.
The interviewer wants to see that you take things such as a difference of opinion as an opportunity to dive into your clients' needs. If you disagree with their approach, this could be a sign that you need to revisit long-term goals with your client. Discuss how you carefully go over the pros and cons of these competing approaches.
Show Goldman Sachs that you are not afraid to be bold when necessary. This boldness may include telling your client that their approach is not a good idea. Maybe you bring in a second opinion, which will show the interviewer that you are only doing what is best for your client.
Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.
"A difference in opinion may cost me a client; however, I would rather lose a client than be a 'yes person' as the financial ship sinks. If a client wants to take a risk that I know will hurt them, I will flat-out tell them that it's a bad idea. I will present a case using pros and cons, and if needed, bring in a specialist on the issue to help the client see the bigger picture."
Rachelle Enns is an interview coach and job search expert. She works with candidates to perform their best in employment, medical, and post-secondary admission interviews.
"If a client wanted to take a bad risk against their portfolio, I would present as much compelling data as possible to convince them otherwise. I am aware that I could lose the client. However, it's more important to me to help my client refrain from an action that could hinder them, no matter how much we disagree."
Kevin Downey has an extensive background in business management, recruiting, branding and marketing. He's volunteered his career coaching services at job fairs, lecturing on interview techniques and crafting winning resumes and cover letters.
Another of Goldman Sachs' Core values is Integrity, which addresses this question. They define this core value as, "We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions in a manner that safeguards our reputation." They live according to this value by "Doing the right thing. Being accountable to ourselves, our clients, and our colleagues. Escalating potential violations of law, regulation, policy, or this Code." Keep this in mind when exploring your answer to this question.
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