What does a Strats do at Goldman Sachs?

In Goldman Sachs’ Securities Division, the people focused on structuring, quantitative finance and engineering—known as “strats” within the firm—work in a variety of roles, ranging from modeling risk and writing complex algorithms to engineering technology platforms and analyzing data.

What is a Strats analyst?

Job description Working within the firm’s trading, sales, banking and investment management divisions, Strats use their mathematical and scientific training to create financial products, advise clients on transactions, measure risk, and identify market opportunities.

What is a Strats team?

Strats refer to mathematicians, statisticians, computer scientists, and engineers who work in the financial services industry. In particular, strats are used to describe the mathematicians, statisticians, software developers, and engineers who work at investment banks.

Why do so many people want to work for Goldman Sachs?

1. Team effort: The foremost reason why Goldman Sachs has made such a big improvement in so little time is because of the teamwork from its employees. Not only the employees make huge commitments to the company but they also prioritize it on top of all.

How much do Strats make at Goldman Sachs?

The average salary for a Strats Analyst is $72,818 per year in United States, which is 35\% lower than the average Goldman Sachs salary of $113,507 per year for this job.

What does a desk Strat do at Goldman Sachs?

Depending upon the project she’s working on, she might then log back in at night. Strats are a kind of hybrid between quantitative researchers and technologists and provide support to most divisions at Goldman. In the securities division, desk strats support traders.

What is it like to work at Goldman Sachs?

Goldman has a job that is in the middle of the traders and the quants, called a strategist. The strategist looks at the markets, comes up with new ideas, and then codes them up. They can push the pure math stuff to the quants, and the pure trading to the traders.

Why is Goldman Sachs so bad at replacing traders?

The simplistic answer your question can suffer from survivorship bias. GS loses traders more quickly if they aren’t great than Quants. The ratio of smart potential traders to jobs at GS means replacement is not a major issue, but rather less for Quants/Strats who experience less attrition.

Do junior investment bankers at Goldman Sachs work long hours?

It’s pretty much common knowledge that junior investment bankers work long hours, but if you’re a “strat” (read ‘strategist’) at somewhere like Goldman Sachs, can you expect to work long hours too? The answer appears to be (sometimes) yes, although as a strat you won’t be required to work into the night.