Goldman Sachs’ famed summer season internship program started final week. The 10-week program permits school college students to “spend the summer season studying from the agency’s leaders, engaged on probably the most consequential challenges in finance, and rising as professionals,” in keeping with the corporate.
However you will have a better time getting accepted into Harvard College than turning into a Goldman Sachs summer season intern. Whereas Harvard boasted a low 3.6% acceptance price for its undergraduate class of 2028, Goldman Sachs had a good decrease acceptance price for its 2025 summer season internship: 0.7%.
Over 360,000 international candidates utilized for two,600 seats in workplaces all over the world, marking “probably the most aggressive intern class” within the financial institution’s historical past, the agency famous in a LinkedIn put up. Over 500 faculties 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 season internship program has grown greater than 300%, in keeping with 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 price for its summer season internship. JPMorgan reported receiving 493,000 functions final yr for 4,000 seats, marking an acceptance price of 0.8%.
The interview course of for Goldman internships entails two steps: First, a 30-minute video interview with HireVue, and second, a “superday” remaining spherical of interviews with two to 5 interviewers. Engineering candidates moreover should move a web-based expertise evaluation.
In accordance with Glassdoor, interns had been requested questions like “Stroll me by means 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 upfront, within the spring of the earlier yr. Last spherical interviews are already underway for candidates for subsequent yr’s internship class. Candidates have sometimes accomplished their junior yr of faculty by the point the internship begins, making them sophomores on the time they apply.
What’s tougher 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 price of 0.083%.
Goldman Sachs inventory was up over 20% year-to-date.
Goldman Sachs’ famed summer season internship program started final week. The 10-week program permits school college students to “spend the summer season studying from the agency’s leaders, engaged on probably the most consequential challenges in finance, and rising as professionals,” in keeping with the corporate.
However you will have a better time getting accepted into Harvard College than turning into a Goldman Sachs summer season intern. Whereas Harvard boasted a low 3.6% acceptance price for its undergraduate class of 2028, Goldman Sachs had a good decrease acceptance price for its 2025 summer season internship: 0.7%.
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