Out of 17,000 applicants, just 350 college students made the cut and will begin their investment banking summer internships next week at Goldman Sachs offices around the world. That is roughly the same yield as prior years, a 2% acceptance rate. It’s easier to get into Harvard or Stanford...Applicants also had to submit a resume and a 300-word cover letter describing the qualities they would bring to Goldman and their motivations for applying. And of course they had to survive a round of interviews. “We have no problem attracting people,” Gary Cohn, Goldman’s president, said at a conference on Thursday about the applicants to the program. “I won’t say they’re all highly qualified, but the vast majority were highly qualified kids that wanted to come to work at Goldman Sachs for the summer and do the internship program.” [WSJ, related, related]
A Million Angels Smile Upon Goldman Sachs Summer Interns
An unprecedented act of generosity has taken place.