Goldman Sachs gets 1 million applications for midlevel tasks each year. About 0.5%of those hopefuls– just 5,000 individuals– get hired. That makes the bank nearly 10 times as selective as Harvard.
Many candidates in that pool are contending for a spot in the company’s distinguished investment-banking division. The positions are lucrative. According to Glassdoor, typical yearly base pay for Goldman Sachs’ vice presidents and managing directors in the United States is $162,000 and $423,000, respectively. And those figures bump as much as $198,000 and $588,000 if you include reward pay and revenue sharing.
While there’s no single formula for standing apart, job candidates can help themselves by knowing what Goldman is looking for in brand-new skill and how they assess a person’s capacity.
Your best option is to discover what’s worked for previous applicants. To that end, Service Expert spoke with a series of professionals about Goldman Sachs’ hiring practices. They consisted of Dane Holmes, the head of human resources and an 18- year business veteran, Wall Street employers, executive coaches, and current and former employees.