Goldman Sachs Internship Acceptance Harder Than Harvard

Goldman Sachs’ famed summer season internship program started final week. The ten-week program permits faculty 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 response to the corporate.

However you may 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 fair decrease acceptance price for its 2025 summer season internship: 0.7%.

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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 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 season internship program has grown greater than 300%, in response to Fox Enterprise. In comparison with a 12 months 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 purposes final 12 months for 4,000 seats, marking an acceptance price 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 cross an internet abilities 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 12 months prematurely, within the spring of the earlier 12 months. Last spherical interviews are already underway for candidates for subsequent 12 months’s internship class. Candidates have usually accomplished their junior 12 months 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.