No Such Thing as a "Set" Career Path: GS Returnship Program Q&A

By Sophie Jacob

Before the phrase “social distancing” became a part of our collective vocabularies, in-person interviews and orientation were part of the usual recruitment and new joiner process. Now, like everything else, joining a new company does not look quite like it used to – orientation is done virtually, and networking with fellow new joiners might not seem as simple. But while integrating into a new role virtually is a different experience, non-traditional beginnings can be a good thing.

Take Goldman Sachs’ Returnship® program for instance – founded in 2008, the program is an eight-week, paid program designed specifically for individuals who left the workforce for two or more years and are ready to return. The program aims to help talented professionals restart their careers after an extended absence from the workforce and provides access to training, networking and support from the firm’s senior leaders, as well as hands-on work experience with meaningful responsibilities in a variety of divisions across the firm.

Lori Taylor, a member of the Returnship Class of 2015, joined Goldman Sachs in the immersion program after a six-year hiatus from the workforce. After hitting the ground running in the Risk Division, Lori joined the firm full-time, and became the first Returnship Class member to be named managing director.

Read on for Lori’s unique perspective on integrating into Goldman Sachs quickly and efficiently, her best advice for making the most of a non-traditional career path, and how she stays in touch with other Returnship program alumni virtually.

Tell us about your career before Goldman Sachs and what drew you to the firm’s Returnship program.

Lori: After a decade-long career at GE Capital, I left work to focus on my family full-time. After six years, I wanted to explore going back to work. A friend of mine was an alumni of the program and told me about it.

When I was applying, I explained to friends and family that the program was a chance to learn about Goldman Sachs and see if it would be a good fit for me. The Returnship program was attractive because, of all the opportunities I had been looking into, it was the one that had the longest and best track record.

What were your favorite parts of the program?

Lori: I really appreciated the focus on networking. Coming in with a Returnship class made the transition smoother, and I’m still close with my Returnship colleagues today. The role I was placed in made a lot of sense for me, and returning to work in a position that I felt excited about showed me how much I missed this part of my life. It was like I had never left.

The program also does a great job of organizing panels and other forums for participants to hear from leaders at the firm; some of the advice I heard in those early days still resonates with me today. I continue to be involved with the Returnship program, and just recently participated in an event for the new class, with half of the class via video conference given diverse locations.

What did you find most surprising?

Lori: Probably how fast it went by! Once I hit the desk, the days flew by, I think in large part because right away I was given opportunities where I felt like I was really providing value.

The Returnship program allows the firm to access pockets of talent that we might not be able to get to otherwise – experienced hires with a range of professional and life experiences bring fresh perspectives that can help teams evaluate challenges through a new lens.

Can you tell us about the make-up of your class?

Lori: My class was comprised of people who had been out of the workforce for very different amounts of time and for various reasons – some colleagues had taken a two-year break, while others had been out of the workforce for closer to 20 years. We were a mostly female cohort, with one male colleague in our ranks.

You’re a trailblazer as the first program participant to be named managing director as a member of the Managing Director Class of 2019. Can you tell us about that journey?

Lori: I had worked in Credit Risk earlier in my career, so it was a natural fit for me. While the markets are constantly changing, the skills and tools we use to evaluate risk stay the same. I spent the last five years working hard, and I was fortunate enough to have mentors and supporters along the way who gave me opportunities to take on more and more responsibility and continue expanding my scope.

We’re welcoming new people to the firm remotely every week. Do you have any advice for them or for people wondering how to face the challenges of joining a new company under unique circumstances?

Lori: I’d say that there is no such thing as a “set” career path. My career certainly hasn’t been linear, and the fact that it has been non-traditional provides me with a different perspective and experience.

What might we not know about you?

Lori: I’m a twin! Also, I was inducted into the University of Vermont Athletic Hall of Fame for basketball – even though UVM is surrounded by mountains, I didn’t ski there until after my senior season, because I couldn’t risk an injury.