Goldman Sachs Is Dying...

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Is Goldman Sachs facing challenges? In this video, we delve into the reasons behind what's been a tough year for Goldman Sachs so far, and how the CEO, David Solomon is thinking about adapting accordingly. This video covers topics including the inner workings of Goldman Sachs' divisions, examining its front office businesses specifically, the cyclical nature of the divisions, factors influencing its current trajectory, shareholder expectations, fees, commissions, and more.
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00:00 - Intro
00:30 - Why it's been a tough year for GS
01:26 - Overview of divisions
02:40 - Cyclical divisions
04:19 - Sponsor (Proton Mail)
04:55 - Why operate cyclical divisions?
05:35 - Diversification
06:24 - Non-cyclical divisions
07:30 - Commissions vs fees
08:08 - Why does this all matter?
09:19 - Goldman Sachs application advice
09:45 - Weekly finance newsletter
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Hey! I'm Afzal. I make videos on finance and careers. I started my career working at Goldman Sachs within their Asset Management divison. Now I run this RU-vid channel and Simpley (www.simpley.io).
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Опубликовано:

7 июл 2024

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Комментарии : 59

@AfzalHussein 10 месяцев назад

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@chanalogue 10 месяцев назад

This video is so well-timed, I just saw an article on FT about their retreat from the mass market. Really useful video,!

@AfzalHussein 10 месяцев назад

💪🏽

@xander1201 10 месяцев назад

The fact that you explained down the basics of many divisions is really something. Thank you Afzal.

@AfzalHussein 10 месяцев назад

Anytime! 😊

@Omar-sq6zz 10 месяцев назад

you should include a full tutorial in how to perform DFC, LBO, and other financial models in your career guide. Basically, the stuff you were doing in the investment banking that would be attractive to buy in my opinion.

@macrocosmicorbit3982 10 месяцев назад

Goldman has been dying for a few years now, its work life balance is poor and probably the worst in the industry along with Jefferies or Moelis .. thesedays I would advise people to try for Blackrock if they can

@justmakeit8843 10 месяцев назад

Can I simply conclude this video in three main points? 1. IBD and Sales&marketing sector will be greatly influenced by the market fluctuation, e.g. interest rates, umemployment rates... as economic situation represents the quantity and quality of any transactions. 2. Goldman's is Experiencing a struggling time because their major business is IBD and Sales&marketing sectors. 3. Goldman's is being transformed, their major business turns from IBD and Sales&marketing to asset mgt as well as private wealth mgt as the income of these sectors are more steady and stable in ensuring the dividend of the shareholders. Because the power of a company is all from its shareholders and bondholders unless it is a State-owned enterprises.

@justmakeit8843 10 месяцев назад

BTW, thank u for letting us know this valuable information. Peace.

@sound_illusion 10 месяцев назад

Interesting stuff, I had no idea .. great topic

@AfzalHussein 10 месяцев назад

💪🏽👊🏽

@calumtosh1438 10 месяцев назад

Good

@lukeslifestyle8846 10 месяцев назад

Hi Afzal - was wondering if you could give some advice to those applying for off-cycle internships?

@yepekaawomi8323 10 месяцев назад

Hi Afzal, Quick question, if someone wants to get into IB. What skills he/she need to focus.

@randomstuffman01 10 месяцев назад

Very good video, as usual. Thanks. toronto canada

@AfzalHussein 10 месяцев назад

Thanks. Very much appreciated 😊👍🏽

@anthonygentile8710 10 месяцев назад

I’d be great to do a code on the Alternative Investments industry and the growth it’s experienced in the last few years

@zedman1254 10 месяцев назад

Really good video but the quality is too good

@AfzalHussein 10 месяцев назад

Thanks!

@albertogiannini4570 10 месяцев назад

Thanks so much for this clear analysis🔥

@AfzalHussein 10 месяцев назад

Thanks for watching!

@JoeCone99 10 месяцев назад

Hi Afzhal, I work in a Global Bank currently in Credit Risk(unsecured), I’ve got an offer from a large firm in a different sector but in Market Risk, the would be to get in a risk function in GS/JPM/MS, should I stick or twist? Market Risk analyst roles often require 3yrs experience so it’s hard for me to get into.

@vibinpenguin7021 10 месяцев назад

I heard the majority of the GS S+T summer interns got moved to PWM... crazy

@LotusCreek 10 месяцев назад

SaaS sales is similar

@rwbb5757 10 месяцев назад

Just getting an understanding of the structures of these institutions feels like a big step forward when trying to make that career shift 👌

@AfzalHussein 10 месяцев назад

💪🏽

@Delta-bh7pc 10 месяцев назад

Thanks Hussein! What do you think is the greatest challenge that the finance industry might face in the next 5 years?

@AfzalHussein 10 месяцев назад

Artificial Intelligence

@Delta-bh7pc 10 месяцев назад

@@AfzalHussein Why so? Wouldn’t it be of an advantage for firms?

@Junaid1087 10 месяцев назад

Hi Afzal, it's Junaid from investin. Another amazing video, thanks a lot 👍🏼

@AfzalHussein 10 месяцев назад

Yo! Nice one 👊🏽

@HomeboyHotel 10 месяцев назад

GS is past it’s prime. It’s embarrassing how far ahead JP is!

@HaineGratuite 10 месяцев назад

1. Awesome video. 2. I really love the new generation London accent 3. I will always be so thankful for your videos that helped me get into banking 2 years ago, thanks so much Afzal

@AfzalHussein 10 месяцев назад

💪🏽💪🏽

@tube.brasil 10 месяцев назад

Maybe that's why they are paying only US$ 550 a month for an intern in Brazil...with no perspective of hiring.

@iambloopy 10 месяцев назад

Do those interns have to have an MBA? Asking for a friend lol 😭

@nikss__777 10 месяцев назад

Hey, when will you talk about the real company Cannafarm Ltd that brings profit?

@pulakkabir2276 10 месяцев назад

I applied to analyst role of GS 3 or 4 times..but never got a call back

@Sincity118 10 месяцев назад

Review your cv and improve the area that needs work

@maungkisunda8738 10 месяцев назад

Are cryptocurrency and business incompatible? I think youre not keeping up with the news. While you thought it was impossible, some enthusiasts from Cannafarm Ltd integrated cryptocurrency into the production of medical cannabis. What do you say now?

@engchoontan8483 10 месяцев назад

There is probably a 5 year history of goldman-sachs singaoore and malaysia, and a further history of 20 years. The news of shell and goldman with their recent history.sss independently reviews will lead to an attack-vector with probably saudi(spent force, inckuding petrol-dollar and petrol-yuan) as a vehicle for near future oil-and-gas based M&A. Expect flip-flop and flip-flop wrestling to judo finishing.

@jorgeponce5512 10 месяцев назад

Does anyone want to attend the funeral ?

@mattiacampagna2893 10 месяцев назад

so we’re saying that Goldman is dying because it is extremely exposed to IBD and S&T which are cyclical? i think there are also other company specific reasons … or not?

@australianpatriot 10 месяцев назад

he did mention the push to consumer products which failed

@GBertoncini 10 месяцев назад

great channel Afzal, thanks for the conten!

@AfzalHussein 10 месяцев назад

Pleasure!

@bhaibhaibhai5717 10 месяцев назад

Afzal why is London failing and all these illegal immigrants have flooded make a video on that

@thetradingfloorinstituteby9453 10 месяцев назад

Very good as usual

@AfzalHussein 10 месяцев назад

Thanks!

@KaraboMoremi 10 месяцев назад

Never clicked on a video so quickly 😂😂😂❤

@australianpatriot 10 месяцев назад

2:50 LMAO

@ntiinos 10 месяцев назад

Wait, do you think cryptocurrency will crash? I dont think so. More and more companies are integrating cryptocurrency into their operations: Amazon, Cannafarm Ltd, Burger King, even Starbucks, dude!