What differentiates Goldman Sachs from other high-end wealth management firms?
There are many significant high-end wealth management firms out there, but Goldman Sachs wants to know why they are the stand-out firm for you and why you want to work for them rather than their competitors. Take the time to carve out a unique answer that goes far beyond the surface. A surface answer would be because you know someone who works there, for instance. A great response would give a specific reason the company is unique.
"In addition to your sparkling reputation in this industry, I appreciate the immense efforts Goldman Sachs is taking to close the gender gap in the finance industry. Your programs have trained thousands of women entrepreneurs in developing economies around the world. Goldman Sachs knows that empowering women makes sound economic sense. This awareness is one reason I want to work for you and just one way that you stand far above your competitors."
"Goldman Sachs is huge on philanthropy, and giving is a significant part of my moral makeup. I understand that your firm has donated nearly 1B in the last 20 years to charitable efforts in the form of student grants. Your efforts to help underserved children and refugee initiatives are remarkable and stand out from the rest. Not to mention how you recently teamed up with Bloomberg to back the Climate Innovation and Development Fund. Pretty awesome news."
Some noteworthy facts about Goldman Sachs are that they're the second-largest global investment bank and are considered an integral financial institution by the Financial Stability Board. Their business model stands apart from the other major financial institutions in that they lean on trading revenue. Since their trading profits are highest when markets are stronger, their business often comes across as cyclical while their financial statements are more focussed on fixed income, currency, and commodities trading. They deploy bank capital in risk-taking ventures and pursue high ROI and ROE figures.
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