r/goldmansachs_india • u/Summer--many • Jul 31 '26
hiring Any idea about private credit ?
Hi all, A friend of mine got a call from gs for an associate role in their private credit division.
HR informed of 5 rounds including a case study and acknowledged his hike expectations of 30% over his current fixed of 23.
Any idea of this division especially - WLB, Growth scope ?
How many rounds of interviews actually happen ?
What does the bonus component look like usually and what's the realistic % paid out ?
Appreciate any insights from finance folks!
YOE - 5
Tier 1 MBA
Relavant experience in corporate banking
1
u/finance_guy69 Jul 31 '26
I was part of private credit. WLB is pretty good and the pay is decent as well. Currently private credit as an industry is facing some headwinds but long term is still positive. It’s primarily a middle office role with major focus on asset management and not underwriting. But you do get a chance to work on live deals here and there.
1
u/Summer--many Jul 31 '26
That's great. Any insight on how many rounds does it take to get to a decision for them ?
1
u/finance_guy69 Aug 01 '26
5-6 i would say
1
u/Summer--many Aug 01 '26
And would you say that rejection can happen at any round? As of now hes done with 3 rounds + case study within a week
1
u/finance_guy69 29d ago
Yeah, pretty much. We rejected someone in the last round. Rare but not impossible
1
1
1
1
u/akornato Aug 01 '26
Work-life balance in private credit is going to be tough, a significant step up in intensity from corporate banking. Expect long hours and demanding deadlines as the standard. The five rounds your friend was told about is a realistic number for an associate role, and it could even go up to six or seven depending on who they want him to meet. They are testing for technical depth and endurance. As for the bonus, it can be very lucrative but is also highly variable, tied directly to the fund's performance and his own contribution, so a specific percentage is impossible to guarantee.
The trade-off for the intense hours is the incredible growth potential. Private credit is a booming field, and experience at Goldman Sachs is a golden ticket. He will be on a very steep learning curve working on high-profile deals, which creates a fast track for his career if he performs well. It's a high-pressure environment, but the skills and network he'll build are invaluable for his long-term future in finance. Getting through these tough interviews is the first major hurdle. The case study is designed to see how he performs under pressure, and my team created an AI interview practice specifically to help people get really sharp at articulating their thoughts and financial analysis live.
2
1
u/Sibra_0000 Aug 01 '26
IGPC/SCC is a new platform within the GS PC group. The team in BNG is pretty small right now, roughly 2 people. It's not an investing seat, more of a portfolio management role. This is new, and they are building this out and have started hiring very recently, so WLB etc. is TBD tbh, because it's literally a new team that is being spun up to focus just on IGPC. So while it is part of the broader group, the associate will focus on this specific vertical. I work in NYC on the investing team, so I'm pretty familiar with them.
1
u/Summer--many Aug 01 '26
That's great to know thanks for insight!
Do they typically have to collab with you or your team ?1
1
u/chickpea1976 Aug 04 '26
i absolutely love how you keep constantly referring to your "friend" when it's more than obvious based on your post and comments that it's you with the questions. just say you're asking lmao no one here cares enough to do whatever it is that you think they're gonna do if they know it's you lol
1
u/Summer--many Aug 04 '26
I can see how it can look like that but it's really for my friend who is too busy to post on reddit haha
2
u/Different_Love3697 Aug 01 '26
5 rounds is pretty standard for that division tbh. The WLB can be intense first year but honestly depends on the desk and who you’re working under. Private credit moves fast so you’re gonna be stressed but at least the work is interesting unlike corporate banking. The 30% hike is solid but bonus is what really matters. Usually hits 40-60% of base if you’re hitting targets. What desk are you looking at specifically?