I can't stress the dissapointment I felt on my first day on the job when I found out this dope beat wasn't playing in the office all day. IT'S JUST IN THE VIDEO GUYS. REAL WORLD AINT LIKE DAT
Truth? No-wrinkle shirts didn’t really exist. If your shirt wasn’t wrinkly, that meant it was polyester and therefore cheap. The more wrinkles, the higher the cotton count. Therefore more expensive. ‘80s conspicuous consumption, baby!
it starts with them sipping from really low class cups, awful coffee, infront of horrible machines, smoking ciggies inside, doesn't matter if the machines were good for the time, still sucks - really those low class cups say a lot - it's like powdered lemonade for diabetes
@@consensualcode9750 Same here, I am an undergraduate in Computer Science. When choosing what degree I wanted to study I was thinking between Economics or CS and in the end I ended up in CS which has been the best decision ever I made. Luckily enough I managed to get into one of the big investment banks in London. The whole trading field is going through remarkable profound changes. From discovering alphas to price improvements and order routing is currently being done by advanced algorithms. In the nearest future, all trading activity will be done automatically by algorithms while humans will work towards building the algos. Some hedge funds out there such as XTX trading or IMC trading operate over 99% on autonomous trading systems where there is no need for human intervention (unless something happens). There is a huge demand for talented computer programmers who are problem solvers and have strong CS foundations, a single computer programmer can replace 3 traders (cite by Goldman sachs) [probably now is even higher] haha!
Where every year they sack 4% of their staff classified as 'underperforming' workers. They get a man playing a golden saxophone as they walk out the building holding a cardboard box with all their stuff. Good luck suckers !
It seems like back then.. it was mostly adults who worked at these financial institutions? Nowadays I'm only seeing young kids out of college, or up to their late 20's, early 30's working at these investment banks? With only the managing directors and VPs being middle age people. Why is that?
SevenFoot Pelican meritocracy, most people who are analyst and associates always tendon to be young people in their 20s and 30s while MD and VP are middle ages
1) Young people in the 80s looked older than young people today. 2) Technology has reduced the need and importance of mid-career professionals/managers in a firm.
I have profound comfort zone issues and ever since coronavirus teleworking at home for three years wirh my own walled cubicle in the office I would go batshit insane in an open hive with concentrated human activity like that - NO WAY I’d rather be 💀.
I can't stress the dissapointment I felt on my first day on the job when I found out this dope beat wasn't playing in the office all day. IT'S JUST IN THE VIDEO GUYS. REAL WORLD AINT LIKE DAT
I thought the same about soccer matches at the stadium, I was wondering why was that day the commentator not speaking
Mortgage backed securities? Sounds promising. Tell me more.
And it is subbed from prime
And you're telling me even the subprime is a safe bet?
@@AliFrostinho you are rated AAA+ for what you said.
@@saga8648 I hope that AAA+ rating isn't just made of B and C ratings just to make me feel better 😉
@@AliFrostinho then, enjoy a bubble bath before it pops
interacting with this so I get more recommendations of random intense corporate business chatter with 80s background music
"growing our mortgage-backed securities division" - 1985,
"Buy all the swaps" - 2008.
Literally bro. Smh
Does it come with subprime loans ?
Now i'm gonna yell "Boston we're at fourteen-sixteen what'd you wanna do?" every time I hang up a call
All about the job, straight to the point, without all the BS like in these modern day recruitment videos.
Man i wish i was one of those coffee cups back in 1985. That was the year to be a coffee cup
Cuz they couldn't show the yayo
how I feel when I make $10 from trading stocks
Where was the part when they were tossing midgets?
Only in Bollywood
6:39 They couldn't find them. They had to ask Andy where they're going to be in January.
na bro yhese guys r pros
🤣🤣lol
Forget that get the Reservations to Dorsia and tell Paul Allen how he got his
-Good Morning Tokyo. Anything new today?
-Hello, we're the central bank of Japan, we bought everything already.
Bye
Underrated comment haha
This is one of the best comment on RUclips!
Please guys, explain this joke to me 😅
@@gerarddesuresne5239 the central bank of Japan prints New money every day and buy stocks
@@gerarddesuresne5239 Just like the federal bank of the United states does whit bonds
They edited out the cocaine scene?
*scenes
No marketing for the boys club fringe benefit of "golf and escorts" either.
And replaced with coffee. lol
3:41 you can see him wiping the last bit of coke out of his nose
I like that they filmed them because it couldn't be avoided, then they had to edit them out
Blue Horseshoe loves Anacott Steel.
If you know, you know.
The fact that I’m watching HBO’s Industry and this ‘Easter egg’ was yelled out in the background lol...
Hahahahaha
@@randomtroll- industry is a great series and quite realistic
Looks like it may have been filmed at WTC.
back when stocks prices were still in fractions.
And you had to call over the phone to ask where something is trading
I love the soundtrack most of all. Maybe David Byrne had a side hustle making corporate music
pre starbucks, pre smartphones, smoking on the trading floor, QUOTRONs, at 85 Broad. Laurie Hodges at 7:20. yes that was Corzine.
It's not Laurie Hodges since the ceiling is wood.
imagine sitting in a room with 25 other recruits watching this video and waiting for the managers interview... LOL VHS on fire
Hitting bids and lifting offers. Shaping the curve
Good morning Vietnam.
Such a missed opportunity
Good morning North Korea
This is freaking art 🖼
I used to traded FI instruments, eurobonds and structured derivatives in investment bank that was great time.
1:29 "Boston we're at fourteen-sixteen what'd you wanna do?" and hang up a call. I love this.
Ahh the good ol days when you could smoke at your desk
Can’t complain about the soundtracks.
The music isn't added in post. It's actually what they use to listen to in the 80s.
Biggest skill: answering multiple phones at same time
and your drug tolerance
I would loved to work for them in the 80s
2:45 when he mentions MBS, I'm just thinking “uh oh”
3:42 powdering that nose bruh
Come for video,stay for the music
I would have preferred to have had no music and be able to hear what the traders were saying.
Lol AK 10.785% +75 to the bond. “ i think thats a good offering”
8:56 "I just ripped his face off hohoho!"
RUclips algos anyone ?
Yup! 🤦🏾
Where is the part where they rig the markets?
Fun Fact: This took place inside an office in the World Trade Center. Look at the windows at 2:00
Looks like 85 Broad to me, where they've been forever until their new HQ
@@DarthJabba504 no. This 85 broadstreet
wish I was there, the music is a soundtrack on it's on
Give me more of this yt algorithm
That's not coffee they're all swigging, it's blood extracted by the vampire squid.
Très cool 👍🏻
Un ami français! :D
Jim, you've got to learn how to really screw retail if you want to stay on the team!
Jon Corzine at 7:27?
Dan Freed holy!
Yes sir!
Good eye goddamn lol
What floor had the boom boom room?
Those godforsaken morning meetings
Sounds like the music from Tecmo basketball on super nintendo
Not a face mask or social distancing sign in sight. What a time to be alive
At 5:33 the guy in the background picks his nose. How the hell did he survive the gruelling GS interview processes?
1985! damn all those people probably rich af now. that was the time to be in that biz
Or lost everything in 2008/2009
Most retired. The youngest should be 60 at the moment.
Making Fixed Income look exciting...which it never is.
Haha. I did this with another firm for 5 years before going back to equities.
When is the dwarf throwing commencing?
“We have coffee”
Obviously the music was not part of the ad.
Why did everyone have wrinkly shirts in the 80s? No dry cleaners? Lol
same question
Truth? No-wrinkle shirts didn’t really exist. If your shirt wasn’t wrinkly, that meant it was polyester and therefore cheap. The more wrinkles, the higher the cotton count. Therefore more expensive. ‘80s conspicuous consumption, baby!
I thought that was Mohamed A. El-Erian at 1:41. I had to check Wikipedia to see if he ever worked At Goldman and he didn't, so I don't think it's him.
Me trading gamestop on robinhood
Needs to be remixed
Wooow
Mute this video and play "Awaken" by Juno Dreams.... EPIC!
All I see is Stratton Oakmont
I was expecting the part when they lie to their clients, bet against their investment like they did in 2008 and spend money on drugs and night clubs
Is that Justin Trudeau at 1:32 ?
That’s what I thought lol
This literally told me nothing about the job...
@Arpo Chowdhury Chill
@Arpo Chowdhury boring LOL
Man, these spreads... I wanna be there, I am sick of hft!
Goldman Sachs preferrs today's derivative markets fees.
Agreed
Just need Maccounoghy with the tutsky, and some chest beatin
If it 6:55 pm in ny It’s 8:55 in the morning in Tokyo why is he saying good evening.
They must be really good at talking on the telephone privately since they do it all day long for work.
Back when the business was good.
Business is always good for goldmen. Even when it's bad.
Business in debt markets is good again #BULLISH May was the most active month in Leveraged Finance in history
it starts with them sipping from really low class cups, awful coffee, infront of horrible machines, smoking ciggies inside, doesn't matter if the machines were good for the time, still sucks - really those low class cups say a lot - it's like powdered lemonade for diabetes
goldman sachs is just as greasy and sigusting as ever and is totally doomed to a shameful existence of nasty toxic drug residues
Where is Geko to clean all this mess?
Is that thr world trade center?
Where is Patrick Bateman
He worked on Wall Street, but he was at Pierce & Pierce.
He worked in murders & executions. Different floor.
3:37 back from the yayo break
Imagine falling into this trap in the 90s instead of being Kurt Cobain or Eddie Vedder
whats in those paper cups??? i want it hahaha
9:00 ideal applicants should have a graduate degree, be creative [crooks], and ideally be sociopaths
Noticeably absent from that list was integrity, lol. Good call.
7:09 P0rn music scene : ON
can I have the musics please ?
(piece of)
2/3 of the people working on the trading floor are gone because of automatin by Algorithms and Machine learning
@@consensualcode9750 Same here, I am an undergraduate in Computer Science. When choosing what degree I wanted to study I was thinking between Economics or CS and in the end I ended up in CS which has been the best decision ever I made. Luckily enough I managed to get into one of the big investment banks in London.
The whole trading field is going through remarkable profound changes. From discovering alphas to price improvements and order routing is currently being done by advanced algorithms. In the nearest future, all trading activity will be done automatically by algorithms while humans will work towards building the algos.
Some hedge funds out there such as XTX trading or IMC trading operate over 99% on autonomous trading systems where there is no need for human intervention (unless something happens). There is a huge demand for talented computer programmers who are problem solvers and have strong CS foundations, a single computer programmer can replace 3 traders (cite by Goldman sachs) [probably now is even higher] haha!
somehow I have a feeling this is an ad
Can you get in with no college?
Possible I suppose, but highly unlikely.
That is not the world trade center building
5:00 Step thru it frame-by-frame using right- and left-arrows on your keyboard.
Her eyes move independently. WTF??!!
6:20 Dey leery rike lice
is this in WTC?
85 Broad
Where every year they sack 4% of their staff classified as 'underperforming' workers. They get a man playing a golden saxophone as they walk out the building holding a cardboard box with all their stuff. Good luck suckers !
Eddie Murphy at 6:14.
It seems like back then.. it was mostly adults who worked at these financial institutions? Nowadays I'm only seeing young kids out of college, or up to their late 20's, early 30's working at these investment banks? With only the managing directors and VPs being middle age people. Why is that?
SevenFoot Pelican meritocracy, most people who are analyst and associates always tendon to be young people in their 20s and 30s while MD and VP are middle ages
Cheapest resource.
The job wears you out.
1) Young people in the 80s looked older than young people today. 2) Technology has reduced the need and importance of mid-career professionals/managers in a firm.
Need young bodies to pull 90+ hr weeks, plz fix
The Third Ear
That Yale thing.
Why do they not seem like psychopaths back them
SNL and victimising for a loaf of more twists of the tongue is not an analogue to keep zombies
is that Muhammad El-Arian of PIMCO at 1:41 ?
nah, looks like him. He never worked at GSachs.
@@butt. No sense of humor or not a Goldman Sachs recruit.
Capitalism is about profit and loss if you bail out the losers what is the cost?
8:35
to know some of these people are alreadu dead is creepy
Probably nearly all of them
I have profound comfort zone issues and ever since coronavirus teleworking at home for three years wirh my own walled cubicle in the office I would go batshit insane in an open hive with concentrated human activity like that - NO WAY I’d rather be 💀.
Women with speaking parts?! Black people? Asians? 80's GS knew how to play the token cards better than Hollywood today... XD
Same shit, different look
Back When you didn’t need a degree
It literally says in the video that they're looking for people with graduate degrees, lol.
Back in the good old days when bankers could still sexually harass secretaries.
Buy Apple now