Goldman Sachs’ famed summer time internship program started final week. The 10-week program permits school college students to “spend the summer time studying from the agency’s leaders, engaged on essentially the most consequential challenges in finance, and rising as professionals,” in response to the corporate.
However you will have a better time getting accepted into Harvard College than changing into a Goldman Sachs summer time intern. Whereas Harvard boasted a low 3.6% acceptance fee for its undergraduate class of 2028, Goldman Sachs had an excellent decrease acceptance fee for its 2025 summer time internship: 0.7%.
Over 360,000 international candidates utilized for two,600 seats in workplaces all over the world, marking “essentially the most aggressive intern class” within the financial institution’s historical past, the agency famous in a LinkedIn publish. Over 500 colleges had been represented, with greater than 85 languages spoken among the many accepted batch.
Since David Solomon took over as Goldman Sachs CEO in 2018, the variety of candidates for the financial institution’s coveted summer time internship program has grown greater than 300%, in response to Fox Enterprise. In comparison with a yr in the past, the applicant pool has expanded by 15%.
Goldman is not the one financial institution with a lower than 1% acceptance fee for its summer time internship. JPMorgan reported receiving 493,000 purposes final yr for 4,000 seats, marking an acceptance fee of 0.8%.
The interview course of for Goldman internships includes two steps: First, a 30-minute video interview with HireVue, and second, a “superday” ultimate spherical of interviews with two to 5 interviewers. Engineering candidates moreover must move a web-based abilities evaluation.
In response to Glassdoor, interns had been requested questions like “Stroll me by way of your resume,” “Clarify banking such as you had been 5,” and “Why Goldman Sachs?”
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The applying course of for Goldman’s intern program begins over a yr prematurely, within the spring of the earlier yr. Closing spherical interviews are already underway for candidates for subsequent yr’s internship class. Candidates have sometimes accomplished their junior yr of school by the point the internship begins, making them sophomores on the time they apply.
What’s more durable than touchdown an internship at JPMorgan or Goldman Sachs? Being a NASA astronaut, which solely accepted 10 out of 12,000 candidates when it opened up choice in 2020, for an acceptance fee of 0.083%.
Goldman Sachs inventory was up over 20% year-to-date.
Goldman Sachs’ famed summer time internship program started final week. The 10-week program permits school college students to “spend the summer time studying from the agency’s leaders, engaged on essentially the most consequential challenges in finance, and rising as professionals,” in response to the corporate.
However you will have a better time getting accepted into Harvard College than changing into a Goldman Sachs summer time intern. Whereas Harvard boasted a low 3.6% acceptance fee for its undergraduate class of 2028, Goldman Sachs had an excellent decrease acceptance fee for its 2025 summer time internship: 0.7%.
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