In 2017, Allison Berger was excited to join Goldman Sachs’ 10-week summer internship program. Berger said she “worked on many important and complex problems” that summer, which helped her secure a full-time analyst position with Goldman’s investment banking division. Nearly a decade later, Berger is a Goldman vice president for global banking and markets.
“I’ve had amazing opportunities here. So many mentors here are women. My male colleagues have also always been incredibly supportive,” said Berger, adding that the skill set she gained early in her career gave her flexibility to thrive in different parts of the bank.
Berger’s experience is a common one at Goldman, which is considered one of the world’s leading investment banks. Every summer Goldman hires about 2,500 to 3,000 interns who are assigned to various divisions including investment banking, engineering, and sales. The Goldman internship is considered a feeder to getting a permanent job at the investment bank; a majority of summer interns typically get hired as full-time analysts.
Candidates, however, face lots of competition for the summer positions. For the 2025 internship class, the bank received more than 360,000 applicants, a 15% increase from 2024’s program and up 300% since 2018 when David Solomon became CEO. In fact, it’s harder to snag a Goldman summer internship than it is to get into Harvard, one of the most selective universities. For the class of 2025, Harvard accepted 2.58% of applicants, while candidates for Goldman’s 2025 summer internship class had a 0.7% chance at getting picked.
