What does Goldman Sachs Global markets do?
We make markets for our institutional clients in loans, derivatives, and securities across the following products: Residential mortgages. Agency mortgage-backed securities. Commercial mortgages.
Our Global Markets team services financial institutions, corporates, governments, asset managers and hedge funds around the world. We act as market makers, trading in equity and fixed income securities, including currencies, interest rates and credit in cash, derivatives and structured products.
Our teams help clients to buy and sell assets, raise funding and manage risk. We also facilitate corporate and investor transactions in equities, fixed income, foreign exchange, commodities and derivatives of those assets.
As of Apr 9, 2024, the average annual pay for a Global Markets Goldman Sachs in the United States is $96,169 a year.
Global Markets provides banking products and services through Bank of America and trading and other broker-dealer products and services, including research through BofA Securities.
The Global Markets division facilitates client transactions while enabling clients to manage risk, raise funding, and buy and sell financial products. This division comprises six sub-divisions: Prime Services, Equities, Fixed Income, Currency, Commodities, Product Management (Marquee), Operations, and Engineering.
Global Banking and Markets
We support the FICC and Equities businesses to develop and deliver new products, services, and markets.
Many firms put capital markets groups within “Investment Banking,” but some include it within Sales & Trading or “Global Markets.” And then other banks, such as Goldman Sachs, do not separate their product and industry groups, so there are no separate capital markets teams.
Global Markets delivers a wide range of securities products and services, powerful sales and trading capabilities and deep risk management expertise across asset classes.
Why go global? The advantages of international business. Done right, globalization delivers sizable advantages for your business, including expanding your customer base, opening up new talent pools, driving revenue, and increasing profits.
What is the highest paying job at Goldman Sachs?
Goldman Sachs employees rate the overall compensation and benefits package 3.7/5 stars. The highest-paying job at Goldman Sachs is a Partner and Managing Director with a salary of $798,280 per year (estimate). The lowest-paying job at Goldman Sachs is a Clown Car Driver with a salary of $52,250 per year (estimate).
Goldman Sachs salaries range between $68,000 a year in the bottom 10th percentile to $174,000 in the top 90th percentile. Goldman Sachs pays $52.32 an hour on average. Geographic location also impacts Goldman Sachs salaries. Goldman Sachs employees in New York, NY get paid the most.
$244K (Median Total Pay)
The estimated total pay range for a Vice President at Goldman Sachs is $202K–$298K per year, which includes base salary and additional pay.
Making loans
The process involves maturity transformation—converting short-term liabilities (deposits) to long-term assets (loans). Banks pay depositors less than they receive from borrowers, and that difference accounts for the bulk of banks' income in most countries.
We define the global market as the system that allows commercial, financial and labor exchange between different countries without any type of restriction. Today, the economy moves in an interconnected way, so what happens in one country can affect another, so no one is isolated from an economic point of view.
The estimated total pay range for a Global Markets Associate at Bank of America is £45K–£53K per year, which includes base salary and additional pay. The average Global Markets Associate base salary at Bank of America is £48K per year.
Global banking is a financial arrangement that facilitates international payments and the transfer of funds to clients. Global markets are the marketplace that enables the cross-border exchange of financial instruments, goods, services, commodities, and labor.
The main competitors of The Goldman Sachs Group include Charles Schwab (SCHW), Morgan Stanley (MS), BlackRock (BLK), Interactive Brokers Group (IBKR), Royal Bank of Canada (RY), Progressive (PGR), Citigroup (C), Prologis (PLD), HDFC Bank (HDB), and HSBC (HSBC). These companies are all part of the "finance" sector.
Asset & Wealth Management
Goldman manages client assets over a broad range of strategies, which include equity, fixed income, and alternative investments. Alternative investments include hedge funds, credit funds, private equity, currencies, real estate, and asset allocation strategies.
$175K (Median Total Pay)
The estimated total pay range for a Global Markets Analyst at Goldman Sachs is $137K–$225K per year, which includes base salary and additional pay.
What is a good GPA for Goldman Sachs?
Goldman Sachs does not give a specific minimum GPA requirement, though some sources suggest a GPA of at least 3.6 is preferred. Additionally, you may need to show relevant coursework and hard skills for certain programs.
It's a role worth having: in New York, Goldman Sachs VPs earn between $120k and $300k in salary alone according to the H1B visa database. Bonuses are paid on top of this.
Goldman Sachs is often cited as the hardest investment bank to get into, due to its prestigious reputation, highly competitive hiring process, and rigorous standards for candidates in terms of experience, education, and skills.
Some examples of financial markets and their roles include the stock market, the bond market, forex, commodities, and the real estate market, among others. Financial markets can also be broken down into capital markets, money markets, primary vs. secondary markets, and listed vs. OTC markets.
The Global Markets Group (GMG) at the University of Virginia is a Commerce-related student organization that actively manages a $20,000 global equities portfolio.
