Goldman Sachs has 300 applicants per open position (2024)

FAQs

Goldman Sachs has 300 applicants per open position? ›

Among the revelations is the fact that every open job at the bank receives 300 applicants, a number suggesting that the average person applying to work at the bank has only a 0.33% chance of being successful. The good news is that it's easier to get any job at Goldman than an internship in particular.

We saw over one million applications globally in 2022 for roles at the firm, and more than 260,000 applications for our summer internship program in 2023 – demonstrating the firm's position as an employer of choice.

Goldman Sachs is the premier investment bank in the world. With an acceptance rate of roughly 4%, it's harder to get into Goldman than it is to get into Harvard or Yale. Let me share how to get a job at Goldman Sachs from someone who did.

(Bloomberg) —GoldmanSachs Group Inc. hired just 3 percent of more than 267,000 job applicants last year, as the firm told investors its still the top destination for bankers.

Bagging a job at Goldman Sachs ' is a phenomenon rarer than receiving an acceptance letter from Harvard University. During a presentation in Miami Tuesday, the investing giant reported that roughly 3% of its applicants, or 9,700 out of 313,000, secured a position in 2015.

So, you want a job at Goldman Sachs. Good luck, truly – the bank receives 300 applications for each open position it has. Its internship isn't a happy anomaly, either, with a generous acceptance rate of just 1.27% last year. You're going to need some help.

Goldman Sachs internships are highly competitive. In fact, the bank is estimated to have a 1.5% acceptance rate — that's more selective than Harvard! However, getting accepted into an internship at Goldman can be a life-changing opportunity.

Interviews at Goldman Sach are quite similar to other good tech companies. It is not that difficult to crack. The interviewer only checks that you have the skills to solve challenges.

Currently, a GPA around 3.7 is often preferred for interviews at large banks, while elite boutiques and bulge bracket firms like Goldman Sachs and Morgan Stanley may look for a GPA of 3.8 or higher. The average GPA of successful candidates often hovers around 3.85.

Does everyone get a hirevue interview at Goldman Sachs? ›

When applying for an internship or junior role at Goldman Sachs, the recruiting process starts with an application, then you will have a Hirevue video interview, then be invited to an assessment day (also known as Superday), and then finally, receive an offer for the position.

Goldman Sachs conducts 4 to 5 rounds to select the freshers as SDE in their organization: Online or The Hackerrank Round.

Goldman Sachs hired at least six Wharton MBAs and five Harvard MBAs last year, but was nowhere to be found among the major employers at Stanford.

Among investment banks, Goldman Sachs picked undergraduates most heavily from nearby New York University. Goldman Sachs prefers Ivy League schools, with Cornell, Harvard, and Columbia ranking third through fifth among employees with bachelor's degrees.

Which is the hardest investment bank to get into? Goldman Sachs is notoriously difficult to get into. One statistics recently rolled out was that it received 100,000 applications for just 2,300 global internship positions. This means that it received 24 applications for every job it posted.

Bankers continue to regard Goldman Sachs as the world's most prestigious bank, followed (as always) by Morgan Stanley and JP Morgan. Credit Suisse and UBS lost the most ground in 2022 while LionTree Advisors' reputation improved the most in the eyes of bankers.

That could be a win for Goldman. According to a spokesperson, approximately 80% of interns land a full-time employment offer with the firm.

Trackr found that there were around 68 applicants per offer given for summer internships, a success rate of 1.47%. Last time we checked, Goldman Sachs itself had an acceptance rate of 1.27%. Trackr also found that a majority – 57% - of applicants did not receive any offer at all, despite their applications.