The Blubber

For its 2025 summer internship program, Goldman Sachs received over 360,000 applications—a 15% increase from the 2024 cycle and a staggering 300% jump since 2018, the year David Solomon stepped into the role of CEO. The acceptance rate was just 0.7%, making the internship significantly more selective than admission to Harvard University, which accepted 2.58% of applicants for its class of 2025.

“We view the campus pipeline as a critical element of the future leadership of the firm,” said Jacqueline Arthur, global head of human capital management and corporate and workplace solutions at Goldman Sachs. “The Goldman Sachs internship provides students with the opportunity to roll up their sleeves and contribute directly to client projects, collaborate directly with global colleagues, and develop the skills to build a successful and lasting career.”

Interns make up a meaningful portion of the bank’s future leadership. Approximately one-third of the firm’s most recent partner class began their careers as summer interns. Notable executives who got their start through the internship program include Marc Nachmann, global head of asset and wealth management; Kim Posnett, global co-head of investment banking; Kunal Shah, co-head of Goldman Sachs International and co-head of fixed income, currency, and commodities (FICC); and Carey Halio, global treasurer and member of the management committee.

A Goldman internship also opens doors far beyond the firm. Amanda Baldwin, now CEO of Olaplex, began as a Goldman intern in 1999. Damola Adamolekun, who held internships in 2009 and 2010, is now CEO of Red Lobster. Jon Winkelried, CEO of private equity giant TPG, also started as a Goldman summer intern.