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Goldman Sachs maintains sub-1% intern acceptance rate amid AI hiring concerns

By PulseAugur Editorial · [1 sources] ·

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.

RANK_REASON This article discusses hiring practices and talent acquisition at a financial institution, which is adjacent to AI but not a core AI development or release.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Goldman Sachs maintains sub-1% intern acceptance rate amid AI hiring concerns

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This article discusses hiring practices and talent acquisition at a financial institution, which is adjacent to AI but not a core AI development or release.
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Nick Lichtenberg ·

    Exclusive: Goldman Sachs intern acceptance rate falls below 1% for third straight year

    It's harder to get a Goldman Sachs internship than to get accepted into Harvard, MIT or Stanford.

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