What is the acceptance rate for Goldman Sachs investment banking? (2024)

What is the acceptance rate for Goldman Sachs investment banking?

Statistics indicate that acceptance rates for top investment banks, such as JP Morgan and Goldman Sachs, typically range between a mere 3% to 5%. JP Morgan is renowned for its rigorous recruitment process, resulting in extremely low acceptance rates.

How hard is it to be an investment banker at Goldman Sachs?

How difficult is it to become an investment banker at Goldman Sachs? If you have the right aptitude, intellect, achievement history and demonstrated passion for the work that investment bankers do…it's pretty easy. If you don't, it's pretty much impossible. The question is how to quantify where the bar is.

What GPA do you need for Goldman Sachs?

Goldman Sachs does not give a specific minimum GPA requirement, though some sources suggest a GPA of at least 3.6 is preferred. Additionally, you may need to show relevant coursework and hard skills for certain programs.

What are the chances of getting into investment banking?

The lucrative and fast-paced career of an investment banker is a highly competitive one. For instance, in a recent year, 236,000 applicants competed for roughly 3,500 internships at Goldman Sachs. This is common across the industry where acceptance rates for programs are typically less than 2%.

Is Goldman Sachs interview tough?

Goldman Sachs Interviews FAQs

Candidates interviewing for Mechanical Engineer and Industrial Trainee rated their interviews as the hardest, whereas interviews for Investment Banking Analyst and Associate Software Engineer roles were rated as the easiest.

What GPA do investment bankers need?

Yes, GPA matters! Bulge bracket banks and almost all other investment banks will look at your GPA when applying for a job and you should include it in your resume. Typically banks screen resumes based on GPA and will often remove anyone below 3.5.

What is the acceptance rate for Goldman Sachs investment banking summer analyst?

Goldman's summer programs are particularly competitive — the acceptance rates for internships across the firm are about 1.5%, including for investment banking, according to a person familiar with the program.

Is a 3.8 GPA good for investment banking?

GPA Cutoffs for Investment Banking

The cut off for Bulge Brackets is usually 3.5 or an 80% average, but the median is much closer to 3.7 or 3.8. Expect 30% of banks to give you a call assuming the appropriate networking obligations have been met with a 3.6, 50% with a 3.8 and 80% above 3.8.

Is Goldman Sachs harder than Harvard?

With an acceptance rate of roughly 4%, it's harder to get into Goldman than it is to get into Harvard or Yale.

Does Goldman Sachs only hire from Harvard?

No. There are a lot of people from Goldman-Sachs that come from the Ivy League, but GS also recruits pretty heavily from the big name public schools (including my school University of Texas at Austin). There are also network effects. Harvard has a strong alumni network, but so does UT Austin.

Do investment bankers have a good life?

Investment banking is very well paid, but sign-on bonuses and a healthy pay packet come at a price. To survive as an investment banker, you need to have a high stress threshold. You also need to be willing to say goodbye to your social life for a few years.

How hard is it to break into investment banking?

Investment banking is extremely competitive with way more applicants than available positions each year. You will often be up against students from Ivy League universities, with a high GPAs and multiple internships under their belts.

How stressful is investment banking?

Investment banking is one of Wall Street's most coveted roles. It is also one of the hardest. It is no surprise that the average day in an investment banker's life is long and stressful. Those who manage to survive the adjustment period often go on to have long and financially rewarding careers.

Is Goldman Sachs a stressful job?

Working at Goldman Sachs can be difficult and stressful, especially in roles that require long hours and intense workloads.

Which college does Goldman Sachs hire from most?

Is Goldman Sachs prestigious?

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.

Is 3.5 GPA too low for investment banking?

It is preferred that a student should have a GPA of 3.5 or above throughout his education career if he/she wants grades to never be a thorn in their career roadmap. Investment Banking companies/recruiters do consider the GPA of any candidate before hiring him/her.

Does JP Morgan look at GPA?

Q: What are your GPA requirements? A: We value diverse degree backgrounds and experiences and while a GPA 3.2 (or equivalent) in your undergraduate degree is preferred it is not required. Our training programs are designed to allow everyone, regardless of major studied to succeed.

Is a 3.4 GPA good enough for investment banking?

For example, if you attended a top 5 university, majored in engineering, and completed 2-3 finance internships, a 3.3 – 3.4 GPA is not the end of the world. But if you went to a non-target school, majored in history, and completed 0 finance internships, then a 3.3 – 3.4 GPA may be the end of the world.

Is JP Morgan internship hard to get?

Landing an internship at this firm can be difficult, though — in 2021, JPMorgan only had around 400 investment banking internship positions available but received nearly 50,000 applications.

Is JP Morgan easy to get into?

The competition for jobs at JP Morgan is intense. However, the specific amount of competition for a role depends on the number of applicants that have applied. Another factor is JP Morgan's use of internal promotions and employee referrals from current staff members.

What is the acceptance rate for Goldman Sachs analysts?

The acceptance rate for Goldman Sachs analysts varies depending on the specific job and the number of applicants. However, according to recent reports, the acceptance rate for Goldman Sachs' investment banking division is typically between 2% and 3%.

Is 3.8 GPA too low for Harvard?

Whether a 3.8 GPA can get you into Harvard or not depends on the rest of your application. Although Harvard is an incredibly competitive school, high test scores and a well-rounded profile can help increase your chances of acceptance. However, you should try to raise your GPA even more if you plan to apply to Harvard.

Does Jane Street ask for GPA?

We try to interview as many people as we can. We don't have a GPA or degree requirement, and we hire students of all tenures from many different universities and concentrations.

Am I smart if I have a 3.8 GPA?

A 3.8 GPA is a very strong GPA. Admissions committees consider your GPA and your full application when making their decisions. They look at your test scores, extracurricular activities, recommendations, and essays. A 3.8 GPA may make you a competitive candidate.