Goldman Sachs | Student Programs - 2024 MBA Fellowship (2024)

FAQs

How much do Goldman Sachs MBA fellows make? ›

Goldman Sachs MBA Fellowship

Fellows receive a $35,000 award and a Summer Associate salary. After completing the summer internship, fellows are given a full-time offer of $40,000 and a potential signing bonus.

The Goldman Sachs aptitude test is difficult with numerical and verbal reasoning questions. Technical reasoning is also required for technical posts. Enough practice will help you understand the nature of these tests and strong preparation can help you crack them.

Selected out of 8,000+ applicants (~16% acceptance rate) to participate in the 5-week Goldman Sachs Possibilities Summit.

Aptitude Round:

This test was conducted on the Hackerrank platform, it was divided into 7 sections which contained a total of 70questions with an overall time limit of 120 minutes. There was video proctoring, and changing sections were allowed. The test has 7 sections.

MBA programs can cost more than $160,000 in tuition alone and generally take about 2 years to complete. Goldman Sachs offers employees tuition assistance to pursue MBAs as well as MBA fellowships to first-year business school students.

Bagging a job at Goldman Sachs (GS)' is a phenomenon rarer than receiving an acceptance letter from Harvard University.

Goldman Sachs does not give a specific minimum GPA requirement, though some sources suggest a GPA of at least 3.6 is preferred. Additionally, you may need to show relevant coursework and hard skills for certain programs.

Working at Goldman Sachs can be difficult and stressful, especially in roles that require long hours and intense workloads.

Does Goldman Sachs only hires Ivy? ›

Originally Answered: Do people who get hired by companies like Goldman Sachs generally come from Ivy League schools or other top universities (like Harvard or MIT)? Goldman Sachs recruits at top schools like the Ivy League schools, MIT, Duke, Stanford and Berkeley. They will hire students from other schools.

There are a lot of people from Goldman-Sachs that come from the Ivy League, but GS also recruits pretty heavily from the big name public schools (including my school University of Texas at Austin). There are also network effects. Harvard has a strong alumni network, but so does UT Austin.

When applying for an internship or junior role at Goldman Sachs, the recruiting process starts with an application, then you will have a Hirevue video interview, then be invited to an assessment day (also known as Superday), and then finally, receive an offer for the position.

You may get rejected already after your Goldman aptitude assessments. These tests sift out 50-80% of candidates. The only proven way to get to the next round is practice. Record and practice using mock interviews before your Goldman Sachs HireVue interview.

Strict marking system

This is the main reason why the Goldman Sachs aptitude test has a high cut-off rate of 75%. You would have 5 points added for each correct answer.

Established in 1997, the Goldman Sachs MBA Fellowship is a reflection of our Business Principles and is awarded to recognize exceptional students who have made a positive impact in their community by creating a culture of positive change, teamwork and inclusion.

$115K (Median Total Pay)

The average Summer Associate base salary at Goldman Sachs is $105K per year.

Goldman Sachs employees rate the overall compensation and benefits package 3.7/5 stars. The highest-paying job at Goldman Sachs is a Partner and Managing Director with a salary of $798,280 per year (estimate). The lowest-paying job at Goldman Sachs is a Clown Car Driver with a salary of $52,250 per year (estimate).