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Introduction
Are you interested in becoming a summer intern at Goldman Sachs? If yes, then you are at the right place. We will be providing you with a complete guide for grabbing this opportunity in the Goldman Sachs summer internship program.
In this article, we will discuss Goldman Sachs Summer Internship Program, the skills required, roles and responsibilities and salary insights of a summer intern at Goldman Sachs.
Let’s first discuss a little bit about the company itself.
About Goldman Sachs
Goldman Sachs was established in 1869. It is a multinational financial services company and investment bank having headquarters in New York City.
It delivers a broad range of financial services across security, consumer banking, investment banking, and management to a diverse and large client base, including corporations, financial institutions, governments, and individuals.
Benefits Offered by Goldman Sachs
Let us explore the various benefits of working with Goldman Sachs.
Diversity in the Workplace
One marvelous feature of Goldman Sachs is its employee diversity. One of the main reasons why their careers are far from tiring is their workplace tenor. The company prefers to select its employees from far and wide based on their capability to add to the company.
Care for Employees
Employee well-being is regarded as a top priority. The company rarely makes decisions that may have an impact on its employees. The first entitlement for the company is to provide a comfortable environment because they are the ones who will contribute to the company in the long run.
Medical Assistance
The company has left no stone unturned in providing for its employees, particularly in terms of health care. Furthermore, the company provides its employees with a free on-site medical facility.
Vacation and Holiday Policies
Goldman Sachs has vacation policies that are competitive based on employee level and years of service. This is in addition to any number of statutory and public holidays that each office determines.
Retirement Planning
The company provides a variety of retirement plans and financial counseling services to help employees meet their personal long-term financial goals.
Child and Family Care
Goldman Sachs provides on-site child care centers that provide full-time and emergency backup care, mother and child rooms, and homework rooms in some offices. Goldman Sachs offers advice and counseling services, expectant parent resources, and transitional programs for parents returning from parental leave in every office. Stipends for adoption, surrogacy, egg donation, and egg retrieval are also available.
Emergency Leaves
Employees typically have access to additional parental and adoption leave, family emergency leave, and marriage or civil partnership leave. Each office determines the pay and duration.
Numerous other benefits are available to employees. Depending on where the office is located, business travel assistance, scholarships, financial aid for education, and reimbursement for some entertainment, meals, and transportation costs may be available.
Getting into a company with such strong values is tough because it demands extensive preparation.
But don't worry, Coding Ninja is here to assist you every step of the way.
Let us now talk about the role in more detail.🤩
Goldman Sachs Summer Internship Program
The Goldman Sachs Summer Internship is a program for undergraduate students that lasts eight to ten weeks. The intern will be fully immersed in one of the company divisions' day-to-day tasks.
About the Program
The Engineering Campus Hiring Program is a firm initiative to identify and hire top Engineering talents from across the country's engineering schools. Candidates must go through multiple assessment rounds as part of the program, where they will be tested on their coding/programming skills and analytical aptitude.
Candidates who successfully complete the process will be offered a position in the Engineering function at Goldman Sachs' Indian offices.
Visit here for student programs/internships available at Goldman Sachs.
Goldman Sachs Responsibilities
The responsibilities that come along with Goldman Sachs Summer Internship Program are:
Attend the orientation to learn about the company’s culture as well as the benefits and responsibilities of working for the firm.
Get division-specific training to help you succeed.
Have the opportunity to work on real-world projects alongside other interns and employees.
Candidates who are currently pursuing a college or university degree are eligible, and the program is typically completed during the second penultimate year of study.
Program Timeline
Registrations Begin November(Last week) to January(First Week)
Assessments for the Program: - Aptitude Test - Technical Test(only for those shortlisted through the aptitude test). - Following the Aptitude Test, the shortlisted candidates will also participate in a month-long coursework program leading up to the Technical Test to help them get ready and improve their skills for the upcoming examination.
Interviews Duration: Fourth week of February to the second week of March(only for those shortlisted through the aptitude and technical tests.
The timeline mentioned above is subject to change according to the company.
Eligibility Criteria for Goldman Sachs Summer Internship Program 2022:
This summer internship program is open to all engineering students across India who are in the pre-final and final years of graduation and post-graduation.
New Analyst 2022: Graduation in 2022 (Full-time hire – May/June intake)
Summer Internship 2022: Graduation in 2023 (Intern hire – April/July intake)
Procedure for Recruitment
The Goldman Sachs summer internship program’s selection/recruitment procedure is detailed below.
Learn to apply for the Summer Analyst/Internships at Goldman Sachs:
Step 2: Look up the job description for summer interns.
Step 3: Go to the official Goldman Sachs website and read the notification.
Step 4: Visit the Goldman Sachs online application page.
Step 5: Fill out the application form and attach your scanned documents.
Step 6: Complete and submit your online application.
Step 7: If necessary, make the payment and print a copy of your completed application for future reference.
Skills Required
The qualifications required for a summer intern at Goldman Sachs are:
Solid knowledge of Windows and Linux operating systems
Responsible and Detail-oriented
Logical thinking
Good presentation skills
Skill to understand the emotional and cultural blockers
Highly efficient with ambiguity and complexity
Strategic thinking and acting operationally
Respond positively with eagerness to difficult tasks
The ability to effectively multitask and prioritize work
Self-starter with high motivation
Proven verbal and written communication skills
Salary and Perks
For employees with less than one year of experience, the average Goldman Sachs Summer Intern salary in India is 4 Lakhs per year. Summer Intern salaries at Goldman Sachs range from 1 LPA - 9 LPA.
The salary ranges mentioned above are subject to change according to the company.
Preparation for Interview
Let us discuss the process and what preparation strategies we can follow to fetch the Goldman Sachs summer internship program.
The interview process for the Goldman Sachs summer internship program consists of questions related to Java, Javascript, and Python.
🔔 Round 1 includes resume based shortlisting for having a good resume is the first and vital step for selection.
🔔 Round 2 includes coding/programming and aptitude questions.
For this round, you can refer to the links given below:
🔔 Round 3 is a personal interview round which can be in two or more divisions. Questions asked during these interviews are from your resume and can be from other topics like aptitude, programming, and algorithms.
Also, prepare yourself with attractive answers to the below-mentioned questions for HR (Human Resource) rounds:
While giving your interview, just be honest and give answers calmly and confidently.
Tips from Coding Ninjas
Begin with asking recent college graduates/Alumni to learn more about the process and company before trying to obtain the time of a senior professional. Don’t hesitate to ask.
Inquire with your contacts about what the company likes to hire, but especially what they dislike about the job. Find out what questions are asked in interviews. Be proactive and communicate.
Conduct as many informational interviews as you can to learn about the specifics of the job from those who work at the firm or who interned there.
Learn everything you can about the team, the deals they work on, and the firm.
If you are one of the few who gets an interview call for the internship, prepare for it as if it were a final exam.
Read everything you can about the company, its strategy, its leadership, and so on.
Finally, prepare a list of thoughtful questions to ask during the interviews. In general, you will have 5 - 10 minutes to ask questions at the end of the interview.
You will be dinged if you do not have a few intelligent questions to ask.
Don't sell yourself as a product. Please pay close attention to what is being asked and explain how you're there to learn, assist, and do whatever it takes to help the team win.
The application procedure is extremely competitive. You must stand out. Being prepared for interviews is the best way to succeed.
Refer to this video to go through the roadmap to get amazing internship opportunities in 2022.
We wish you all the very best in your selection for the interviews.🤗
Frequently Asked Questions
What is Goldman Sachs?
Goldman Sachs is a global leading financial institution that provides financial services across investment banking, investment management, securities, and customer banking to a diversified and extensive client base that includes corporations, governments, and individual and financial institutes.
What is it like to work at Goldman Sachs?
Goldman Sachs is looking for candidates from a variety of backgrounds who can bring something unique to the table. Some GS executives were able to advance their careers with an English degree. Work experience and volunteer activities are both valuable.
What is Goldman Sachs Summer Internship Program?
The Goldman Sachs Summer Analyst Internship is a summer internship program for undergraduate students that lasts eight to ten weeks. The intern will be fully immersed in one of the company divisions' day-to-day activities.
What is the work culture of Goldman Sachs like?
The work culture of Goldman Sachs values teamwork, client services, and giving back to the communities they serve. They harbor ethical and honest management, giving way to transparency in its dealing.
How satisfied are Goldman Sachs' employees?
Working at Goldman Sachs is recommended by 97% of employees, who give the company an overall rating of 4.0 score out of 5. Additionally, employees gave Goldman Sachs a 3.8 out of 5 scores for company culture, a 4.0 score for rewards they receive, a 3.7 score for growth opportunities, and a 4.1 score for the support they receive.
Conclusion
In this article, we covered all about Goldman Sachs Summer Internship Program. We discussed the preparation strategy, skills and responsibilities, the procedure to apply and the resources needed for this Goldman Sachs summer internship program.
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