Sales and trading divisions at Wall Street banks have been experiencing unprecedented success in recent times. Business Insider had the opportunity to speak with an intern and partner from Goldman Sachs to gain insight into their training process. This article delves into what it’s like to intern for Goldman’s sales and trading desk during a period of peak performance.
In the current market climate, traders-in-training are in for a treat. Whether they are learning about currencies, derivatives, stocks, or bonds, the fast-paced nature of the markets is keeping them on their toes. Major shifts in business practices, such as Trump’s tariffs and the rise of AI, have led to increased market volatility and record revenues for banks. This environment provides aspiring traders with the perfect opportunity to witness dynamic markets in action.
Goldman Sachs partner Jennifer Roth highlighted the hectic nature of the markets, emphasizing the excitement of being on the trading floor during such a volatile period. The sales and trading division at Goldman Sachs has seen a significant increase in revenue, creating a prime learning environment for interns.
Steven Henry, an intern from MIT, shared his experiences of working in equities and mortgage trading at Goldman. He expressed how overwhelming, yet rewarding, the internship has been, noting that the learning curve has been steep but incredibly valuable.
Interns on Roth’s team play a crucial role in supporting sales and trading executives by staying abreast of market news and conducting market research. They also have the opportunity to pitch trade ideas based on their analysis, providing them with hands-on experience in decision-making processes.
Henry’s most enriching experiences have come from shadowing traders and immersing himself in their work. By observing their day-to-day activities and asking questions, he has gained valuable insights into the intricacies of trading.
Roth, who started as an intern at Goldman in 2002, now plays a pivotal role in recruiting interns for her team. She looks for candidates who exhibit a passion for the markets, a quick learning ability, and a willingness to engage with the nuances of trading. Roth emphasizes the importance of asking questions and demonstrating a solid understanding of the concepts learned.
The article provides a glimpse into the dynamic world of sales and trading at Goldman Sachs, showcasing the dedication and enthusiasm required to succeed in this fast-paced environment. For those interested in learning more, the original article on Business Insider offers further insights into the internship experience at Goldman Sachs.
