My GS Elevator Experience

Reflecting on the past can often yield moments that not only define our careers but also shape our character. One such moment in my life occurred during my interview with Goldman Sachs, a pivotal experience that I still think about today. This moment, often referred to as my "GS elevator moment," has become a defining narrative in my professional journey.

For those unfamiliar with the concept, the term "GS elevator moment" gained traction through a popular Twitter account, @GSElevator, which humorously chronicled the overheard conversations and experiences of Goldman Sachs employees. These tweets, ranging from the absurd to the profound, aimed to highlight the peculiarities of Wall Street culture, often provoking mixed reactions from outsiders. The account, which has attracted a following of over 650,000, sparked discussions about privilege, ambition, and the sometimes absurd realities of working in finance.

Goldman Sachs has long been a prominent player on Wall Street, consistently ranked among the top firms in deal-making and profitability. With many of its alumni occupying key positions in government and finance, the firm is often viewed through a lens of both admiration and scrutiny. This reputation sometimes leads to conspiracy theories and a perception of elitism, likening Goldman to a mafia-like organization. As such, it serves as a reminder of why adopting a stance of stealth wealth is crucial for anyone navigating the upper echelons of any field.

Unmasking the Mystery Behind @GSElevator

Interestingly, the creator of the @GSElevator account turned out to be John, a former employee of Citibank rather than a Goldman Sachs insider. His decision to craft tweets that captured the essence of Goldman culture, despite never having worked there, underscores an important lesson in branding and influence. Citibank, while an excellent institution, has often played the role of a secondary choice for many aspiring bankers, paralleling how some universities serve as fallback options for students.

This dynamic of perceived hierarchy is prevalent among ambitious graduates. Many, like myself, who attended non-target schools, would have jumped at the opportunity to work for any major Wall Street firm. John's success with @GSElevator illustrates that one does not need to have direct experience within an organization to create a compelling narrative or brand around it.

My Personal Elevator Experience

It was in March 1999 when I found myself at One New York Plaza, ready for what would be my fifth visit. After going through an intense Super Day interview process six months prior, I had faced numerous rejections from various departments. I had interviewed around 40 individuals, desperately trying to secure a position.

On this particular morning, as I entered a crowded elevator at 7:30 AM, I could feel the weight of anticipation. I was crammed in with several senior Managing Directors, my nerves heightened as I prepared for my upcoming meeting with a US Trading MD. When we reached the 50th floor, I instinctively stepped out first to make room for others, believing it was the courteous thing to do.

However, the receptionist directed me to wait in a partner's office, where I sat for what felt like an eternity, rehearsing my resume. When the door finally opened, a stern-looking man entered without a greeting or handshake. He abruptly chastised me, saying, “Never, EVER, get out of the elevator before a lady again!” and left the room. I was left in a state of shock, questioning whether this single moment would derail my chances after so many interviews.

Lessons Learned from a Moment of Pressure

Following that encounter, I continued through the interview process, eventually meeting with six more individuals that day. I was later invited back for a final round of interviews, totaling over 55 one-on-one discussions and countless informal chats. Ultimately, I secured a position on the international equities sales desk on the 49th floor.

This experience taught me more than just the importance of landing a job; it instilled in me a lasting lesson about professionalism and respect. Since that day, I have made a conscious effort to ensure that I never step out of an elevator before a woman again. Sometimes, it takes a powerful figure to impart a lesson that resonates deeply and permanently.

The Ripple Effects of Our Choices

Two years after starting my career, I relocated to San Francisco to join a new firm. Shortly after, I learned that a Stanford graduate named Greg Smith took my previous position in New York. In 2012, he famously published an op-ed in the New York Times entitled “Why I Am Leaving Goldman Sachs,” which created a media sensation and led to a lucrative book deal.

In contrast, John from @GSElevator has also attempted to transition his online persona into a publishing opportunity with his book, "Straight To Hell: True Tales Of Deviance And Excess In The World Of Investment Banking.” Despite the controversy surrounding his authenticity, his narrative could resonate with readers seeking insight into the often tumultuous world of finance.

Interestingly, rumors have circulated that his publishing deal with Simon & Schuster may be in jeopardy due to authenticity concerns. Nevertheless, his story raises fascinating questions about the nature of storytelling in the digital age:

• Does authenticity always matter in storytelling?
• Can a fabricated narrative still hold value if it entertains?
• How do personal experiences shape the tales we tell?

As I reflect on my own experiences, I realize that moments like my GS elevator encounter not only shape our careers but also influence our understanding of professionalism and respect in the workplace. In the competitive environment of finance, where every decision can lead to unforeseen consequences, it’s crucial to remain mindful of the messages we send through our actions and choices.

Have you ever had a defining moment that shaped your career path? What lessons have you learned from your experiences? The world of finance is complex, but within its challenges lie opportunities for growth and understanding.

Related: The Best Financial Move I Made Is Something Everyone Can Do

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