<p>@Sportsblife09: congrats on your offer–it’ll be a busy and hopefully rewarding summer for you. Let me know if you have any questions about the program.</p>
<p>@montanaro: don’t expect a computer science/programming type technical interview. They may ask you a few general questions about what programming experiences you have had, but thats about it. They will not have programmers interviewing you so you dont have to worry about the tricky algorithm type questions and such (unless things have changed a lot since I did SEO IT). They will ask questions about why you want to do IT at a financial institution, why SEO, some sort of market sizing question probably (i.e. how many personal computers were sold in the US last year), maybe a mental math question, a whats going on in the markets question, etc. </p>
<p>As with all SEO interviews, prepare for the obvious stuff and you’ll totally be fine. They aren’t going to be throwing random curve balls at people.</p>
<p>Hey BigMike- So if you didnt get an interview from an SEO partner firm for the Houston office do you still have a chance at getting an offer from the New York office? Thanks.</p>
<p>I’m not eligible to apply got the actually SEO internships since I’m only a freshmen, but I am currently looking at SEO-U program and I have a couple of questions. For those that have been through the SEO-U program:
How do they select students? Do you have to do a phone interview or do they just notify you online based on your application?
What do you do? So is it basically just webinars and the SEO-U Day?</p>
<p>I havent been on here in awhile but I got another email from the Sales and Trading Director about the Jan 29th Event and details on it. This is a summary for it:</p>
<p>Congratulations on being selected for the SEO Sales and Trading Assessment Day taking place on Friday, January 29th. Below you will find details for the day.</p>
<p>You will be interviewing with all of our partner firms in a round robin format consisting of four half-hour interviews. There will be a morning session and an afternoon session. You will be in the morning session.</p>
<p>Below you will find some helpful preparation tips:</p>
<p>A) Continue to follow the markets and formulate opinions on all asset classes (currencies, commodities, stocks, bonds, rates, international geographies).
B) Research all of partner firms.
C) Enhance your knowledge of SEO and continue to contact SEO alums who have worked at various different firms.
D) Prepare some investment pitches across different asset classes (buy or short either stocks, bonds, currencies, commodities).
E) Have your friends or family listen to your pitches and answers.</p>
<p>So Now I have to do all this research and know this companies.</p>
<p>Good Luck guys! Who traded INTEL today? Made some good money on it!</p>
<p>@Sportsblife09 - Are you sure you got an offer. Because I know the partner firms has to interview us and screen us also before we get a offer.</p>
<p>I still have not heard back and neither have any of my colleagues. I would expect decisions to start coming out soon. I would just like to know the verdict, so I can make some decisions on how to approach On Campus Recruiting. I don’t want to waste any of my contacts time emailing them concerning internships if I get into SEO, but at the same time the resume drop deadline is fast approaching.</p>
<p>Also, is there only one single program for all SEO-U applicants, or do they have to choose a specific area, such as CF or S&T, Asset Management etc. (just like the actual internship programs) ?</p>
<p>Yeah, I applied to Goldman’s Scholarship from Excellence. </p>
<p>I got this email a few days ago. Did you?</p>
<p>"Thank you for applying to the Goldman Sachs Scholarship for Excellence (SFE). We are currently in the process of reviewing applications and would like to update you on next steps. </p>
<p>If you attend a university where Goldman Sachs is interviewing on campus, your application has been shared with the respective recruiter for your school. School recruiters will be reaching out to candidates to discuss next steps. If you attend a university where Goldman Sachs will not be interviewing on campus, the Firmwide Diversity Recruiting Team will be contacting you directly. If you are unsure of your school’s process please contact us.</p>
<p>Should you be selected for a first round interview and recommended to continue in our scholarship process, you will be invited to our New York office for one of our Scholarship for Excellence superdays throughout February. SFE superday interviews are firmwide and candidates will have the opportunity to meet with professionals from various divisions, including Global Investment Research, Investment Banking, Investment Management, and Securities.</p>
<p>We appreciate that you may also be actively engaged in pursuing other internships. We ask that you contact our team if you need to make decisions on those opportunities before you complete our interview process.</p>
<p>We look forward to another exciting summer internship program and truly appreciate your interest in Goldman Sachs."</p>
<p>I got the exact same e-mail as magicmike about S&T. Sounds a little more tough than the previous two interviews, but hopefully it won’t be nearly as competitive. </p>
<p>I also got an e-mail saying that for those of us that applied in the first round, we would know our admissions decision by the end of January. Magicmike, or anyone else who might know/can speculate, do you think that means they’re going to let us know the day after whether or not we’ve been selected?</p>
<p>omggg i am freeaaaking out! so if we had inperson and phone interview and still havent heard about what magicmike and jroutt are referring to does that mean we should pretty much be expecting a rejection come end of january?!? i just got an email about notification, not about another interview. that’s it, i’m droppping out of of college</p>
<p>Congrats on the offer! I have my in-person interview on friday for the GCL program and I was wondering if you could give me some insight. What type of questions were asked and is there any last minute advice you can give me? Thanks so much</p>
<p>@jroutt Yes it will be tough. I dont even know what to do. But I think after that event, we may get a answer on Monday since the event is on Friday or maybe that night.</p>
<p>Hope to see you in person at the event. </p>
<p>For the rest of you guys, I dont think you should worry so much because I know the recruiting process end at the end of February so dont give up yet. BE AGGRESSIVE and call them to find out the status so you can know.</p>
<p>I’m a sophomore and I JUST discovered this (<em>bangs head @ not finding this earlier</em>). Is it too late for me to apply? On the SEO website, it says round 1 round 2 and round 3.</p>
<p>The deadline for Round 3 is January 31st, but I’m not sure if round 3 is continuing off of round 1, or if it’s a stand alone round.</p>
<p>Hey guys, dont be surprise if SEO dont accept alot of people because of Obama decision on financial institutions. Him stopping proprietary trading and big banks having control over hedge funds will affect them largely because most of them make money off proprietary trading (76% of Goldman profits came from it) and hegde funds. They may have to let go of a lot of people and may not hired any new comers. </p>
<ol>
<li><p>Obama hasn’t stopped anything. These are points of discussion which Frank and other senators will include when shaping the new regs.</p></li>
<li><p>Goldman Sachs make less than 10% of its profit by prop trading, and the new suggested regs will only impact non-client trading meaning all prop trading done with some client money or classified under AM is fine. JPMorgan’s Highbridge is an example.</p></li>
<li><p>Goldman, and any other firm, could escape the prop trading regulations by simply changing their status. If they are not bank-holding companies and do not have access to the Fed discount window then they can do what whatever they want. There is a debate about what these laws will do, but if all else fails, Goldman could drop its bank charter and return to its pre-2007/8 status and join the likes of BX who have PE/HF/CorpFin divisons, but do not have access to the fed window because they are not “bank-holding cos” .</p></li>
<li><p>These rules will likely impact JPMorgan and BOA more because they cant easily change their status because they actually have a “real” retail bank that makes a good chunk of their revenue. However, only 1% of JPMorgan profits were prop trading, and for BOA its estimated at a fraction of 1%. </p></li>
<li><p>These rules, if implemented, would take 1-2 years to pass and be signed, and then would allow companies 3-5 years (as per Frank interview on CNBC) to comply. </p></li>
<li><p>These rules would have an impact on the PE vehicles more because some are closed entirely to client money, meaning that JPMorgan would have to spin off its One Equity unit and simply retain a large quantity of the shares and get its profit through “dividends”, just like BX can get dividends as investors in BX stock. </p></li>
<li><p>Undergrads DONT get recruited directly into prop trading. An argument can be made about what Flow trading consists of but Frank and Goolsbee were clear that these rules, IF implemented, would only impact vehicles that are not open to clients. If you applied for S&T with SEO, you have absolutely no concern because you would never have been placed on a prop trading desk at Frontier (MS), One Equity (JPMorgan), etc. </p></li>
<li><p>SEO already has a target number for admissions and has already started making decisions. </p></li>
<li><p>Overall, unless you had an internship secured by your self at some prop trading desk at JPMorgan, Citi, BOA AND you envision/plan for a career that will last at least 5-6 years there then you have 0% concern. </p></li>
<li><p>These suggested rules are only part of a larger new fin reg scheme that has yet to be passed. The actually rules may be far better for industry guys or far worse. Moreover, some things might be tough for industry guys but better for the country if the country reduces the risk of “bailout situations”. </p></li>
<li><p>Nobody knows how things will fall out, and even that little bit Obama said yesterday has been interpreted in 100 different ways. There’s a lot of speculation but until hard rules get passed AND we see how companies find loopholes around them, then we wont see how things will play out. </p></li>
<li><p>The rules on bank size may have a bigger impact on undergrads, but thats mainly for undergrads who are concerned more with commerical banking, and at worst it will only decentralize the market but not diminish the amount of employees needed.</p></li>
<li><p>Don’t undercut the power of lobbyists/loopholes in any set of regulations. A specific legislation might seem like its cutting off some revenue stream from someone, but with enough lobbying and creative use of loopholes, anything is possible in America</p></li>
<li><p>We get new leaders every 2-6 years (house , prez, senators). So things can change even before the dust settles on a previous administrations decisions.</p></li>
<li><p>Wall Street is one of, if not the biggest (Depending on what source you read) source of political donations. No matter how much legislation gets talked about, little will change because of politicians in the next 5 years. Wall Street will continue to take-in new generations of crazy-100 hours a week-greedy-big dreamers like us for years to come. With the new Supreme Court legislation yesterday, wall street will get even more clout. </p></li>
<li><p>Read multiple news sources and refrain from accepting post by people who claim “76 percent of Goldman’s profit came from prop trading” at face value. Nobody know what will happen so its better to focus on your grades, your technicals, and your interviews and to leave this thread as a space for mutual assistance and discussion on the topic of SEO. Magicmike, you can start a separate discussion on politics in the parents thread. Im sure you will have a field day with your numbers and “facts” and you will draw a neat group of politico’s who will relish government bs and liberal this and conservative that.</p></li>
</ol>