Goldman Sachs’ famed summer time internship program started final week. The ten-week program permits faculty 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 accordance with the corporate.
However you may have a neater time getting accepted into Harvard College than turning into a Goldman Sachs summer time intern. Whereas Harvard boasted a low 3.6% acceptance charge for its undergraduate class of 2028, Goldman Sachs had an excellent decrease acceptance charge for its 2025 summer time internship: 0.7%.
Associated: Goldman Sachs Asks Some Managers to Transfer From Main Hubs Like New York Metropolis to Rising Areas Like Dallas — Or Stop
Over 360,000 world candidates utilized for two,600 seats in workplaces around the globe, marking “essentially the most aggressive intern class” within the financial institution’s historical past, the agency famous in a LinkedIn put up. 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 accordance 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 charge for its summer time internship. JPMorgan reported receiving 493,000 functions final yr for 4,000 seats, marking an acceptance charge 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” last spherical of interviews with two to 5 interviewers. Engineering candidates moreover must move a web based expertise evaluation.
In keeping 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?”
Associated: Goldman Sachs CIO Says Coders Ought to Take Philosophy Courses — Here is Why
The appliance course of for Goldman’s intern program begins over a yr upfront, 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 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 charge of 0.083%.
Goldman Sachs inventory was up over 20% year-to-date.
Goldman Sachs’ famed summer time internship program started final week. The ten-week program permits faculty 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 accordance with the corporate.
However you may have a neater time getting accepted into Harvard College than turning into a Goldman Sachs summer time intern. Whereas Harvard boasted a low 3.6% acceptance charge for its undergraduate class of 2028, Goldman Sachs had an excellent decrease acceptance charge for its 2025 summer time internship: 0.7%.
Associated: Goldman Sachs Asks Some Managers to Transfer From Main Hubs Like New York Metropolis to Rising Areas Like Dallas — Or Stop
The remainder of this text is locked.
Be a part of Entrepreneur+ right now for entry.
