Exclusive: Goldman Sachs intern acceptance rate falls below 1% for third straight year
Goldman Sachs has maintained an intern acceptance rate below 1% for the third consecutive year, drawing from a diverse pool of over 500 universities and 90 nationalities. CEO David Solomon acknowledged that artificial intelligence may lead to a reduction in future hiring numbers, though he emphasized that the firm will continue to hire significantly from university graduates. This year's intern class also reflects a strategic shift towards recruiting individuals with varied backgrounds, including elite athletes and musicians, moving beyond the traditional finance-focused pipeline. AI
IMPACT Hiring practices at major financial institutions may shift due to AI, potentially impacting entry-level job availability.