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What does a Strat 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.
How hard is it to become an investment banker at Goldman Sachs?
Goldman Sachs is the premier investment bank in the world. With an acceptance rate of roughly 4\%, it’s harder to get into Goldman than it is to get into Harvard or Yale.
What is a Strat in investment banking?
“Strat” is short for “strategist”. Strats in investment banks are sort of hybrid data scientists, technologists and quants/quant developers. At Goldman Sachs, where strats began, they work on everything from risk modelling to automation and engineering and data analysis.
What do quants do at Goldman Sachs?
Quantitative analysts, or financial quantitative analysts, develop and implement complex mathematical models that financial firms use to make decisions about risk management, investments and pricing. Part speculator, part ruthless logician, a quant aims to reduce risk and/or generate profits.
What do Strats do in finance?
A structured repackages asset-backed trust security (STRATS) is a securitized investment that pools ABS along with a derivatives contract to produce investor income. STRATS continue to pay income to holders so long as the underlying ABS securities do not rise or fall in value beyond pre-set thresholds.
Is Strat a quant?
Arguably, a strat on a trading floor is a sort of glorified quant developer who can implement traders’ ideas into code. “The idea of the strat is to have a quant who really understands who the trades are modelled and priced and who is part of the trading team,” says one quant-focused recruiter, speaking anonymously.