The Goldman Sachs Group is a leading global financial services firm providing corporations, financial institutions, governments and individuals with services across four business segments: investment banking, institutional client services, investment and lending, and investment management. One of the “bulge bracket banks”—so called because they are listed above others in larger font on the public notification of financial transactions or deals—Goldman is considered among the most elite in the world.
By revenue, Goldman’s largest business segment by far is institutional client services—which includes client services and market making in fixed income, equity, currency and commodity products. Institutional client services make up more than half of Goldman’s annual revenue.
The firm’s second largest business segment in terms of revenue is investment banking. I-banking at Goldman includes strategic advising on mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management, as well as debt and equity underwriting of public and private placements and related derivative transactions.
Next up is investment management. Offering a range of services and investment products across all major asset classes, Goldman serves a diverse group of institutions and individual clients. In addition, it provides high-net-worth individuals and families with portfolio management, financial counseling and other wealth advisory services.
Goldman’s fourth and smallest business segment by revenue—though still accounting for more than $5 billion in 2015—is investment and lending, which includes investments and loans the firm makes to provide its clients with financing. Longer term in nature, the investments are made directly and indirectly—in debt securities and loans, public and private equity securities and real estate entities—through funds and separate accounts it manages.
Headquartered in New York City with offices in all major financial centers around the world, Goldman employs more than 36,500 people.
Prestige, generous compensation and the opportunity to work with smart, talented colleagues are among Goldman Sachs’ most frequently cited strengths. The firm was also the first on Wall Street to enact quality-of-life measures designed to improve the work-life balance of its junior staff.