Apply To Goldman Sachs 2024 Fully Funded Associate Internship Now
Apply To Goldman Sachs 2024 Fully Funded Associate Internship Now
Goldman Sachs is one of the most prestigious investment banks in the world, offering highly competitive internship programs for students interested in finance and business. The Goldman Sachs Associate Internship is a 10-12 week summer program in one of their major global office locations that provides undergraduate students an opportunity to experience the firm's diverse business activities and friendly culture.
The 2024 Goldman Sachs Associate Internship program will provide interns with real responsibilities to give them hands-on experience working in finance. Interns will be fully integrated into a specific division where they will take on responsibilities and contribute meaningfully to society. Divisions that interns may be placed in include Investment Banking, Securities, Investment Management, Merchant Banking, Research, Finance, Technology, Human Capital Management and more.
Interns will have access to senior-level mentors, participate in training and orientation programs, attend guest speaker events, join networking opportunities, and get involved in volunteer activities. The goal is to give interns a comprehensive view of the firm and provide them with new skills to kickstart their careers in finance.
A major benefit of the Goldman Sachs Associate Internship is that it is fully funded. All travel, accommodations and daily expenses will be covered by the firm so participants can focus on getting the most out of this experience. Interns also receive a very competitive salary during their time at Goldman Sachs.
Eligibility and Application Process
The Goldman Sachs Associate Internship has a highly competitive and selective application process. All candidates must be rising college juniors pursuing a four-year degree with an expected graduation date between December 2024 and June 2025. Additional eligibility requirements include:
- Must have and maintain a minimum 3.5 GPA
- Demonstrated leadership experience and extracurricular activities
- Relevant work experience in finance such as previous internships is strongly preferred
- Authorization to work in the country of the selected office location for the full duration of the program
- Excellent communication skills and ability to work well in teams
The application contains several components including submitting your resume, unofficial transcripts, answering short essay questions and completing online tests. The firm looks for candidates with strong technical skills, leadership potential and a passion for finance. Excellent problem-solving abilities, relationship-building skills and a collaborative, can-do attitude are highly valued.
The application window runs from early August to late October 2023 for the summer 2024 program. Candidates are encouraged to apply early on as spots fill up quickly. All applicants must apply directly through the official Goldman Sachs careers website.
The Interview Process
The Goldman Sachs associate internship interview process typically consists of three rounds:
Round 1: A 30-minute phone interview focused on resume review, short technical questions and a discussion about your interest in finance. This helps assess basic competencies.
Round 2: A video interview through HireVue containing behavioral and technical finance questions. This pre-records your responses for later review by Goldman recruiters.
Round 3: Final round interviews take place in the office consisting of 3-5 one-on-one behavioral and technical interviews as well as a networking lunch. This is an all-day event and tests more advanced skills.
Throughout the interview process, candidates are evaluated on technical finance knowledge, problem-solving abilities, communication skills and overall professionalism. Examples of technical questions may include valuation modeling, financial statement analysis, trading concepts, market knowledge and building financial models. Behavioral questions aim to understand your leadership potential, collaborative abilities and career goals.
Preparation Tips
Here are some top tips for preparing your Goldman Sachs Associate Internship application and interview:
- Research the firm in-depth and be able to articulate why you want to intern with Goldman Sachs specifically
- Brush up on technical finance skills including valuation, accounting, Excel modeling, financial math and markets
- Practice finance technical questions and accounting concepts
- Prepare stories highlighting your leadership, teamwork, communication abilities, analytical thinking and passion for finance
- Review behavioral interview question strategies and commonly asked questions
- Participate in finance-related clubs and activities to demonstrate interest
- Attend info sessions and networking events to connect with Goldman employees
- Schedule mock interviews to polish your interview skills and responses
- Focus on showcasing your unique values, skills and personality
- Review current finance news and trends to show industry knowledge
- Follow up after interviews with thank you notes reaffirming your interest
- If you don't get an offer, request feedback for improvement and apply again
Internship Experience and Benefits
The Goldman Sachs Associate Internship provides an incredible experience to gain exposure to the finance industry and fast-track your career development. As an intern, you can expect:
- Immersive hands-on experience completing real work projects and assignments
- Training and speaker sessions providing insights into finance
- Networking opportunities with employees across divisions
- Potential to get a full-time job offer from Goldman Sachs after graduation
- Competitive compensation and overtime pay if working over 40 hours per week
- Full expenses paid including travel/housing costs and daily meals/transportation
- Chance to travel if placed in an international office location
- Valuable experience at one of the top global financial institutions
Interns are assigned real responsibilities and projects to contribute insights and solutions on. You will be fully integrated into a division, collaborating with associates, analysts and managing directors to execute deliverables. This hands-on experience allows you to apply classroom knowledge and expand practical business skills.
Each intern is assigned counsellors and “buddies” to help guide them during the program. There are also weekly check-ins with managers to provide feedback. The various training, speaker series and networking events offer chances to meet people across the firm, ask questions and learn more about potential career paths.
Upon successful completion of the internship program, candidates may receive a full-time job offer to start after graduation. The conversion rate into full-time roles is around 50% for interns, demonstrating that outstanding performance can fast-track you into the company.
Takeaways
The Goldman Sachs Associate Internship program is an amazing way to gain invaluable experience at a top-tier global investment bank. The fully-funded program provides the chance to be immersed in the day-to-day activities of the firm across various divisions.
Goldman Sachs seeks candidates who are ambitious, collaborative and have a passion for finance. Preparing technically and honing your interview skills will help you stand out in the competitive application process. For driven students looking to excel in finance, the Goldman Sachs Associate Internship is an unparalleled opportunity to launch your career and become part of the next generation of financial leaders.
visit this Check list for application process