Investment banking is a tough industry to get into, and Goldman Sachs is a tough investment bank to get into by that standard. And yet, somehow, it’s gotten even harder.
Get Morning Coffee ☕ in your inbox. Sign up here.
Statistics posted by a Goldman social media account showed that the bank had over 315,000 applicants to its 2024 summer internship roles, of which 2,600 became interns. That’s an acceptance rate of just 0.8% – which is a drop on the 1.27% we last knew about, from XXX.
A 0.8% acceptance rate for interns puts Goldman below JPMorgan’s intern acceptance rate of 0.9%. It also puts Goldman well below the industry average acceptance rate of 1.47%, according to information for 2024 from the Bristol Tracker.
Even so, it’s easier to get into Goldman than other employers. Citadel has an acceptance rate closer to 0.5%. Blackstone had an acceptance rate of around 0.25% in 2023. Business Insider says hedge fund Point72 received over 30,000 applicants for a summer program that took a record 55 interns. That’s an acceptance rate of less than 0.18% by our count.
Getting into Goldman as an intern may also be easier than getting into Goldman has a whole. The firm’s overall acceptance rate is even lower than for summer internships – it revealed last year that it received 300 applications for each of its open positions, an acceptance rate of 0.33%.
So, how do you get into Goldman Sachs? It helps to produce the kind of CV Goldman’s own recruiters like. We have broad CVs advice here.
Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)
Source: efinancialcareers.com
