Goldman Sachs Goes Shopping for Bankers

The video discusses Goldman Sachs' strategy of hiring talent from both large and small firms to enhance their private equity operations. It highlights the growing interest in family offices and the advice given in business schools to focus on them. The discussion also covers market dynamics, the impact of election cycles on big deals, and the competition in the middle market, with banks like Bank of America and JP Morgan expanding globally.

Why is Goldman interested in hiring talent from smaller firms like Piper Jaffray and Lincoln International?

• To enter the retail banking sector

• To strengthen their private equity operations

• To diversify into technology startups

• To expand their regional banking expertise

What is a recent trend in business school advice regarding career choices?

• Focus on technology startups

• Work for large investment banks

• Join family offices instead of private equity firms

• Pursue careers in government finance

What is a key advantage of small deals over big deals according to the transcript?

• Less regulatory scrutiny

• Higher profitability

• Steadier flow with less volatility

• Greater media attention

Which bank is known for its strong presence in the middle market?

• Goldman Sachs

• Bank of America

• Citibank

• Deutsche Bank

What is a significant factor for Goldman's new hires in the banking sector?

• Their ability to innovate new financial products

• Their background in retail banking

• Their existing relationships in the industry

• Their experience with cryptocurrency