The short answer: Goldman Sachs hires its quant analysts as Strats, short for Quantitative Strategists, and places them in its Engineering division. Goldman says campus applicants take an online assessment, where Quantitative Strategist applicants add a 22-minute math test, then a recorded video interview and a Superday of 2 to 5 interviews. Its Engineering interview prep material tells candidates for math-heavy roles to expect stochastic calculus or differential equations, probability and statistics, and programming. Candidate reports on Strats loops are thin. They describe probability questions and coding at the Superday, with content that depends on the desk. Last reviewed October 2026.
Goldman Sachs Quantitative Analyst at a Glance
Base Salary (US postings)
$115k - $300k/yr
Interview Rounds
4 to 7 rounds
Levels
Analyst - Vice President
Goldman Sachs quantitative analyst interview: quick answers
| Question | Short answer |
|---|---|
| How many interview rounds? | Goldman describes an online assessment, a recorded video interview of about 30 minutes and a Superday. The Superday is 2 to 5 interviews for campus hires depending on the division, each 30 to 60 minutes. |
| What do the rounds test? | The assessment has a data structures and algorithms challenge, plus a multiple-choice math test on probability, statistics, calculus and linear algebra for Quantitative Strategist applicants. The video interview asks situational and behavioral questions. Superday interviews cover real-world problems, your experience, math and programming. |
| Can I use AI tools? | Goldman's own assessment guide says one challenge, Software Diagnostics, has a built-in limited AI assistant that will not give the full solution. It mentions no assistant for the math test. A news report says Goldman tells campus applicants that external sources, including ChatGPT, are prohibited during the interview process. Ask your recruiter what applies to each step. |
| How much does a Goldman Sachs Strat make? | Goldman's New York Strats postings list base ranges of $115K to $225K at Associate and $130K to $300K at Vice President. Every posting also mentions a discretionary bonus. |
| How long does it take? | Goldman says you should hear from campus recruiting within three weeks of the assessment, and it aims to respond within two weeks of an interview. It does not publish an end-to-end timeline. |
| Do I need to know finance? | No. Goldman's Engineering interview prep material says finance knowledge is a bonus and is not required. |
The Goldman Sachs quantitative analyst role
What Goldman Sachs quantitative analysts work on, the skills its job postings ask for, and what a week can look like. Goldman Sachs posts the role as Strats (Quantitative Strategist), under the job function Quantitative Engineering.
Primary Focus
What You Need
- Quantitative degree such as physics, math, statistics, engineering or computer science
- Strong object-oriented or functional programming
- Statistics, time series and econometrics
- Options and volatility: Greeks, vol surfaces, P&L attribution
- Time-series and regression analysis
- SQL and data analysis
- Derivative pricing and curve modeling
Nice to Have
- MS or PhD (asked for on the currencies and emerging markets VP role)
- Machine learning such as gradient boosting and random forests
- Optimization methods
- Experience with LLMs and prompt engineering
- Backtesting and research pipelines
Languages
Tools & Technologies
Want to ace the interview?
Practice with real questions.
A Week in the Life of a Goldman Sachs Quantitative Analyst
Illustrative week · Goldman Sachs
An illustrative week for a quantitative analyst, built from what Goldman Sachs says about the role in its own job postings and publications. Real weeks vary by team.
Culture notes
- Strats are part of Engineering, and every campus candidate takes the coding challenge in the assessment.
- Strats work side by side with traders and sales, and senior Strats mentor junior Strats on the desk.
- Goldman's interview material says finance knowledge is a bonus and is not required.
- Postings treat research as a full cycle, from idea to backtest, deployment and monitoring.
Key takeaway: Expect to build and run pricing, quoting and research systems with a desk, and to own the code as well as the model.
Goldman Sachs quantitative analyst levels and pay
Your level sets the bar you are interviewed against and the pay band of the offer.
Goldman Sachs Quantitative Analyst Levels
Each level has different expectations, compensation, and interview focus.
What This Level Looks Like
Entry corporate title. Campus hires join as Summer Analysts or through the New Analyst Program.
Interview Focus at This Level
The online assessment with the math challenge, a recorded video interview and a Superday of math, probability and programming.
Find your level
Practice with questions tailored to your target level.
Goldman uses corporate titles: Analyst, Associate and Vice President. Campus hires join as Analysts. No Analyst-level US Strats posting with a pay range was found, so the pay table lists Associate and Vice President postings by title.
Pay in Goldman Sachs's US job postings
Goldman posts a base salary range on its New York Strats postings, and every posting read also mentions a discretionary bonus on top of base.
| Posting | Location | US base salary range |
|---|---|---|
| Asset & Wealth Management - Quantitative Strategist - Associate - New York | New York, NY | $115K to $180K |
| Quantitative Strategist, Global Banking & Markets, Client Analytics | New York, NY | $150K to $225K |
| Asset & Wealth Management, Multi-Asset Solutions: Strategic & Quantitative Research, Vice President - New York | New York, NY | $130K to $290K |
| GBM - Quantitative Rates Trading Strat, VP - New York | New York, NY | $150K to $300K |
| GBM - Public, Credit Desk Strategist, Vice President - New York | New York, NY | $150K to $300K |
| Senior Quantitative Strategist, Global Banking & Markets, Marquee Portfolio Analytics | New York, NY | $150K to $300K |
| GBM Public - Quantitative Researcher – Systematic Option Strategies – FICC Global Currencies and Emerging Markets Strats, VP – New York | New York, NY | $155K to $300K |
All seven postings are in New York and list base pay only; none states a bonus amount. Summer internship pay is not included. Ranges seen October 29, 2026.
Goldman Sachs quantitative analyst interview process
The stages follow Goldman's student prepare page, its guide to the online assessment and its Engineering interview prep material. That material covers all Engineering candidates, and Strats sit in Engineering. What each Superday interview asks comes from candidate reports, which are few.
4 to 7 rounds
Screen
2 roundsOnline assessment
Goldman says every candidate takes the software fundamentals challenge on data structures, algorithms and complexity in a language of their choice. Quantitative Strategist applicants also take a multiple-choice math challenge on probability, statistics, calculus and linear algebra. Engineering-role applicants also take a 45-minute Software Diagnostics challenge.
Tips for this round
- Take a practice assessment first so the platform does not cost you time.
- The math challenge is multiple choice and short, so move on from a question that stalls you.
- In the coding challenge, aim for the optimal solution and know its complexity.
Recorded video interview
Competency questions written by Goldman's Human Capital Management team. Goldman's recruiter material says they are situational or behavioral, such as a time your team was not connecting. A 2020 Goldman post says trained recruiters and colleagues review the recordings, not an algorithm.
Onsite
1 roundSuperday
Goldman says interviews cover real-world problems and your experiences, and that math-heavy roles should expect stochastic calculus or differential equations, probability and statistics, applied math or physics, plus programming, data structures and algorithms. The interviewer slate is not shared in advance. Candidate reports for Strats describe probability puzzles and easier coding problems, with content that depends on the desk.
Tips for this round
- Talk through each step so the interviewer can follow your reasoning.
- Review the products of the desk you applied to, since candidate reports say content depends on the desk.
- Expect both math and programming, as Goldman lists both for math-heavy roles.
Tips to Stand Out
- Review probability, statistics, calculus and linear algebra for the math challenge, and take a practice assessment first to learn the platform, as Goldman's guide suggests.
- Explain your reasoning as you go. Goldman says interviewers want to follow your thought process and will ask you to justify choices.
- For math-heavy roles, be ready to discuss stochastic calculus or differential equations, probability and statistics, and applied math or physics.
- Aim for an optimal solution in coding, and know the time and space complexity of your algorithm.
- Prepare situational and behavioral examples of teamwork, problem solving and critical thinking for the video interview.
- Send a thank-you note after the interview. Goldman says it can help, especially to add to an answer you felt went poorly.
Based on Goldman Sachs's own pages and candidate reports.
Goldman says campus recruiting should contact you within three weeks of the assessment and that it aims to respond within two weeks of an interview. It does not publish who makes the final decision. Last reviewed October 2026.
What is different at Goldman Sachs
- The title is Strat, or Quantitative Strategist, and the seat is in Engineering. Goldman lists Quantitative Strategists as one of four Engineering role types, and postings use the job function Quantitative Engineering. Titles vary by team: Quantitative Rates Trading Strat, Credit Desk Strategist, and Quantitative Researcher inside the Currencies and Emerging Markets Strats team. Quantitative Engineer in Core Engineering is closer to a quant developer seat, and Quantitative Volatility Trader is a trading role.
- Quantitative Strategist applicants take an extra test. Goldman says they add a 22-minute multiple-choice math challenge on probability, statistics, calculus and linear algebra to the coding challenge, and suggests a practice assessment first to learn the platform.
- Strats sit with desks. Postings describe working side by side with traders and sales on automated quoting, hedging algorithms, pricing models and electronic trading. Rates Strats run curve modeling and price rates derivatives and cash products.
- Strats work outside Global Banking & Markets too. Asset & Wealth Management has Strats teams such as PWM Risk Strats, which build risk metrics and machine learning models for fraud and anomaly detection. That posting asks for time-series and regression analysis, SQL and machine learning such as gradient boosting.
- Goldman's own guide says one assessment, the Software Diagnostics challenge, includes a built-in limited AI assistant that will not provide the full solution but can help with navigation, syntax or the problem statement. It mentions none for the math challenge. A June 2025 news report says a Goldman campus recruiting email prohibited external sources, including ChatGPT or Google search, during the interview process, and that a spokesperson said the same language goes to campus applicants for all positions.
- Goldman's Engineering prep material says live coding sessions usually take 45 to 60 minutes and are scored on problem solving, code quality, reading and writing code, and communication. Goldman asks candidates not to look up its live coding questions before the interview and not to share them afterward. It also says it interviews only through its approved video platform or a Goldman account on Zoom, which helps you spot recruiting scams.
Goldman Sachs quantitative analyst interview questions
Questions from our bank, then practice prompts we wrote for this guide around Goldman Sachs's work.
Questions tagged Goldman Sachs
From the DataInterview question bank, where our team tags each question with the companies it fits. Open one to answer it and compare with the solution.
Covariance in Bivariate Normal
Lognormal Basics
Normal Deviation Probability
Poisson Distribution Basics
Duplicate Data R2
Red Blue Sock Equality
Heads then Tails
Two Heads Expected Flips
Even Heads 21 Coins
Doubly Stochastic Matrix
Probability and statistics practice
Prompts we wrote for this guide around Goldman Sachs's work. They are not reported interview questions. Each answer is an outline or a worked solution.
A rates desk's daily P&L is normal with mean 0 and standard deviation $1M, independent across days. What is the chance that at least one of the next 5 days loses more than $1.645M?
Sample Answer
A loss beyond 1.645 standard deviations has probability 0.05 on one day. The chance that no day breaches is 0.95^5. Compute it in steps: 0.95^2 = 0.9025, 0.9025^2 = 0.8145, and 0.8145 x 0.95 = 0.7738. So the chance of at least one breach is 1 - 0.7738 = 0.2262, about 22.6%. A quick check: 5 x 0.05 = 0.25 is an upper bound, and the true answer sits a little below it.
Two swap rates' daily changes each have a standard deviation of 5 basis points and a correlation of 0.9. What is the standard deviation of the daily change in their spread?
You regress the daily returns of A on B and get a slope of 0.6. Regressing B on A gives a slope of 0.9. What is the correlation between A and B, and what is the ratio of their volatilities?
A fraud model for wealth management accounts flags 90% of fraud cases and wrongly flags 2% of normal accounts. Fraud affects 0.5% of accounts. What fraction of flagged accounts are fraud?
Pricing and stochastic calculus practice
Prompts we wrote for this guide around Goldman Sachs's work. They are not reported interview questions. Each answer is an outline or a worked solution.
A 1-year European call on a stock with no dividends costs 10.45. The stock is at 100, the strike is 100 and the continuously compounded rate is 5%. What should the put with the same strike and expiry cost?
Sample Answer
Put-call parity says C - P = S - K e^(-rT). Here K e^(-rT) = 100 x e^(-0.05) = 100 x 0.9512 = 95.12. So P = C - S + K e^(-rT) = 10.45 - 100 + 95.12 = 5.57. Parity needs no model. As a check, these are the Black-Scholes prices for 20% volatility: 10.45 for the call and 5.57 for the put.
Use Ito's lemma to find d(W_t^2) for a standard Brownian motion W, and use it to get E[W_t^2].
You are short calls on 10,000 units of an underlying. Each call has delta 0.55 and gamma 0.04 per unit. How many units do you hold to be delta neutral, and what do you trade if the underlying rises by 1?
A zero-coupon bond pays 100 in 5 years and the continuously compounded rate is 4%. What is its price, and what is the DV01 on $10M notional?
Modeling practice
Prompts we wrote for this guide around Goldman Sachs's work. They are not reported interview questions. Each answer is an outline or a worked solution.
You are testing a systematic option-selling strategy on currency options. How do you design the backtest so you can trust it?
Sample Answer
Start with a written hypothesis and fix the rules before looking at results. Use only data available at each decision time, including point-in-time vol surfaces, and include bid-offer and hedging costs. Hold out a later period for validation and test separate regimes, such as calm markets and stress periods. Report drawdowns and tail losses along with the average return. Document every choice, since the Goldman posting stresses bias controls, regime and stress tests and documentation.
Design an automated quoting rule for a swap desk: how do you set the bid and offer around the curve?
Build a fraud detection model for private wealth accounts where only a small share of cases are labeled fraud. What do you choose and how do you evaluate it?
An options book has delta 500, gamma 20, vega 1,000 per volatility point and theta of -300 per day. The underlying rises 2 and implied volatility rises 0.5 points over one day. Explain the P&L.
Behavioral practice
Prompts we wrote for this guide around Goldman Sachs's work. They are not reported interview questions. Each answer is an outline or a worked solution.
Tell me about a time your team was not connecting. What did you do?
Sample Answer
Goldman uses this exact kind of question as an example in its recruiter material. Describe the team, what was going wrong and the specific step you took, such as resetting goals or splitting the work differently. End with the result and what you learned about working with others.
Explain a model you built to a trader who has two minutes.
Describe a time someone challenged your approach and you had to justify it.
Why Strats, and why Goldman Sachs?
Practice problem: Monte Carlo pricer for a European call
pythonA desk wants a quick check on its option pricer. Write mc_call(s, k, r, sigma, t, n_paths, seed) that prices a European call under geometric Brownian motion by Monte Carlo with antithetic variates: for each normal draw z, simulate the terminal price with both z and -z and average the two discounted payoffs. Return (price, standard_error), where the standard error is computed from the averaged pairs. Also write bs_call for the Black-Scholes price to compare against. Raise ValueError if s, k, sigma or t is not positive, or if n_paths is not an even number of at least 4. Example: bs_call(100, 100, 0.05, 0.2, 1) is about 10.4506, and mc_call with 100,000 paths should land within a few standard errors of it.
1import math
2import random
3
4def bs_call(s, k, r, sigma, t):
5 """Black-Scholes price of a European call."""
6 pass
7
8def mc_call(s, k, r, sigma, t, n_paths, seed=0):
9 """Monte Carlo price with antithetic variates. Return (price, standard_error)."""
10 pass700+ coding problems with a live code executor.
Practice in the EngineHow to prepare
A plan for the Goldman Sachs loop, most important first:
- Drill probability, statistics, calculus and linear algebra under a timer for the 22-minute math challenge, then take a practice assessment to learn the platform.
- Practice data structures and algorithms problems in your strongest language, aiming for the optimal solution and its complexity.
- Review stochastic calculus, Ito's lemma and option pricing basics, which Goldman lists for math-heavy roles.
- Read the postings for the desk or team you want and learn its products, such as rates curves, currency options or wealth management risk.
- Write three situational and behavioral stories on teamwork, problem solving and critical thinking for the recorded video interview.
- Rehearse explaining every step out loud, since Goldman says interviewers want to follow your thought process.
Practice path
Courses that cover the rounds above:
- Probability for Quant Interviews
- Financial Mathematics
- Applied Statistics
- Advanced Statistics
- Time Series Forecasting
Are you ready for the Goldman Sachs quantitative analyst interview?
1 / 6Can you solve probability and expectation puzzles out loud and check your answer a second way?
Frequently Asked Questions
How much does a Goldman Sachs Strat make?
Goldman's New York Strats postings list base ranges from $115K to $225K for Associate roles and from $130K to $300K for Vice President roles. All seven postings read also mention a discretionary bonus. No Analyst-level range was found, and summer internship pay is not covered here.
Can I use AI tools in the Goldman Sachs Strats interview?
Goldman's guide to the online assessment says the Software Diagnostics challenge has a built-in limited AI assistant that will not provide the full solution. It mentions no assistant for the math challenge that Quantitative Strategist applicants take. A news report says Goldman told campus applicants that external sources, including ChatGPT, are prohibited during the interview process. That rule comes from the report, not a Goldman page, so ask your recruiter.
Is a Strat the same as a quantitative analyst?
They are the same kind of job. Goldman calls its quant analysts Strats, or Quantitative Strategists. They build models for pricing, prediction, trading automation and data analysis, and work closely with bankers, traders and portfolio managers. Other Goldman titles with "quant" in them differ: M&A Quant Advisory is an investment banking role and Solutions Structurer is a structuring role.
Do I need finance knowledge for the Strats interview?
Goldman's Engineering interview prep material says finance knowledge is a bonus and is not required. The math is the core: probability, statistics, calculus and linear algebra in the assessment, and stochastic calculus or differential equations for math-heavy roles at the Superday. Senior desk postings do ask for options knowledge such as Greeks and volatility surfaces.
How do I get into Strats as a student?
Goldman runs a Summer Analyst Program in the Americas, a 9 to 10 week internship usually taken in the third or penultimate year of study. It also lists New Analyst, Summer Associate and New Associate programs. The EMEA Summer Associate Programme is a 10-week internship for graduate students in quantitative fields. You choose Quantitative Strategist when you apply, which adds the math challenge.
Are Goldman Strats on site?
The postings read do not state a remote policy. They describe trading-floor work beside traders and sales. Strats postings appear in New York, London, Bengaluru, Hong Kong, Paris, Sao Paulo and Warsaw.
What happens in the recorded video interview?
You record answers to competency questions at a time you choose, in about 30 minutes. Goldman's recruiter material says the questions are situational or behavioral, so prepare examples of teamwork, problem solving and critical thinking. Candidate reports for Strats say this step was mostly behavioral.




