Goldman Sachs Internship Acceptance More durable Than Harvard

[ad_1] 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 probably the most consequential challenges in finance, and rising as professionals," in line with the corporate.

However you may have a better time getting accepted into Harvard College than turning 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 a fair decrease acceptance fee 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 places of work around the globe, marking "probably the most aggressive intern class" within the financial institution's historical past, the agency famous in a LinkedIn submit. 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 line 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 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 expertise evaluation.

In accordance with Glassdoor, interns had been requested questions like "Stroll me via your resume," "Clarify banking such as you had been 5," and "Why Goldman Sachs?"

Associated: Goldman Sachs CIO Says Coders Ought to Take Philosophy Lessons — This is Why

The appliance course of for Goldman's intern program begins over a yr prematurely, 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 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 ten-week program permits faculty college students to "spend the summer time studying from the agency's leaders, engaged on probably the most consequential challenges in finance, and rising as professionals," in line with the corporate.

However you may have a better time getting accepted into Harvard College than turning 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 a fair decrease acceptance fee for its 2025 summer time internship: 0.7%.