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Goldman Sachs' intern acceptance rate fell nearly 30% this year

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.

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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 2022.

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. Hedge fund Point72's academy, which runs both internships and full-time programs, had an acceptance rate of just 0.6% in 2023 for its summer internship, which took a record 55 interns.

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. 

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AUTHORZeno Toulon

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