5 Apr
Goldman data shows no shortage of aspiring bankers as record 236,000 students apply for internships
CNBC
By Hugh SonKey Points
- Goldman said that 236,000 individuals applied for internships globally at the bank, including 79,000 in the Americas, according to data provided to CNBC.
- Instead of dissuading applicants, last year's Wall Street boom which led to overworked bankers, as well as widespread raises and bigger bonuses seems to have drawn more interest to the top-ranked investment bank.
- The number of college applicants jumped about 16% from 2021, reaching a record level, according to a person with knowledge of Goldman's figures.
- The internship acceptance rate is just 1.5%, according to the person.
In this article
- GS
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.
Adam Galacia | CNBC
Last year, a slide deck made by Goldman Sachs junior bankers detailing harsh working conditions made waves across the industry, fueling speculation that the industry had lost its appeal for younger workers.
Continue read on cnbc.com