23 Applicants For Every Open Analyst Position At Goldman Sachs
From Goldman's just released annual shareholder letter:
The quality and breadth of our client franchise are a direct by-product of our ability to attract and retain high-caliber professionals. As an investment bank, our main asset is our people and the advice and solutions that they provide to our clients. Great people build great relationships. And, we are fortunate to have a diverse group of young people from around the world who continue to view Goldman Sachs as a great place to begin and sustain their careers. For our latest analyst class, more than 43,000 candidates applied for 1,900 positions. We accepted about four percent of those applicants and of those receiving offers, more than 80 percent accepted.
Or a lower acceptance ratio than Harvard with 23 applicants for every open position. Something tells us the average wage offered at Goldman is higher than that for line cooks, or for anesthesiologists for that matter. Yup:
... And with so few trade offs too.
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