How hard is it to get a job at Goldman Sachs or JPMorgan? (2024)

FAQs

How hard is it to get a job at Goldman Sachs or JPMorgan? ›

Last year, JPMorgan said it had 50,000 applications for 400 jobs in its investment banking division, an acceptance rate of 0.8%. This year, JPMorgan says it had 270,855 applications for 4,604 internships globally, an acceptance rate of 1.7%.

Goldman Sachs is the premier investment bank in the world. With an acceptance rate of roughly 4%, it's harder to get into Goldman than it is to get into Harvard or Yale. Let me share how to get a job at Goldman Sachs from someone who did.

Getting that perfect job at JPMorgan Chase is difficult, but not impossible – as long as you have the right qualifications and have taken the time to prepare for the process.

J.P. Morgan scored higher in 9 areas: Overall Rating, Culture & Values, Diversity and Inclusion, Work-life balance, Senior Management, Compensation & Benefits, CEO Approval, Recommend to a friend and Positive Business Outlook. Both tied in 1 area: Career Opportunities.

(Interns typically return as first-year analysts after they graduate.) The acceptance rate of less than 1% makes JPMorgan's investment bank harder to get into than Harvard or Yale.

Goldman Sachs pays $108,830 a year, on average, or $52.32 an hour. Goldman Sachs pays those in the bottom 10 percent $68,000 a year, and the top 10 percent over $174,000.

Goldman Sachs is one of the oldest and most prestigious investment banks on Wall Street. With hundreds or thousands of applicants for every job opening, getting into this company is notoriously hard.

Q: What are your GPA requirements? A: We value diverse degree backgrounds and experiences and while a GPA 3.2 (or equivalent) in your undergraduate degree is preferred it is not required. Our training programs are designed to allow everyone, regardless of major studied to succeed.

As you might expect from an industry leader, JPMorgan Chase interviews can be particularly challenging. Now that you've set yourself apart from other candidates and made it to the interview stage, your chances of success are already growing.

What is the highest paying role in Goldman Sachs? ›

The highest-paying job at Goldman Sachs is a Managing Partner with a salary of ₹268.0 Lakhs per year. The top 10% of employees earn more than ₹40 lakhs per year. The top 1% earn more than a whopping ₹99.27 lakhs per year.

Based on the table of both Goldman Sachs and Morgan Stanley's asset management revenue, Morgan Stanley has a slightly higher average revenue growth compared to Goldman Sachs with a surge in growth in 2021 following its acquisition of Eaton Vance.

JP Morgan does not usually require competing offers in writing but they will, however, ask questions about other opportunities and will also potentially ask for the breakdown of those offers in terms of base, bonus, and equity.

“JPMorgan Chase is now too big to be 'too-big-to-fail,'” Gordon said in an interview with Marketplace's David Brancaccio. “[The] current administration doesn't like big — they're going after big.

Once a year but in my case working for court order and levies analyst.

Key Takeaways. JPMorgan Chase (JPM) has outperformed Goldman Sachs (GS) slightly over the last five years in terms of stock price. JPM does pay a higher dividend yield at 2.2%, versus the 1.4% paid by GS. Market cap-wise, JPM is over 3.5 times the size of GS.

Salaries. Of the top 3 common jobs between the two companies, J.P. Morgan salaries averaged $5,930 higher than Goldman Sachs.

The average age at Goldman Sachs is 28: youthful promotions are an inevitability. Meanwhile, Goldman's giant MD class, which is skewed towards trading, has a message of its own: that Goldman has promoted so many people suggests it's working hard to retain them after a difficult year.

Among investment banks, Goldman Sachs picked undergraduates most heavily from nearby New York University. Goldman Sachs prefers Ivy League schools, with Cornell, Harvard, and Columbia ranking third through fifth among employees with bachelor's degrees.

Which college does Goldman Sachs hire from most? ›

The analysts rated their job satisfaction as two out of 10 and said they were unlikely to stay at Goldman in six months if working conditions remained the same. In addition to the long hours, the analysts cited unrealistic deadlines, being ignored in meetings and micromanagement as major sources of stress.

Do you have a GPA of more than 3.72 (out of four)? U.S. students joining Goldman Sachs and JPM, may not be the very, very brightest, but they're still incredibly bright. The average GPA at each firm was at least 3.72 (93%).

The hierarchy of JP Morgan has analysts on the bottom, followed by associates, assistant vice presidents, vice presidents, executive directors, and managing directors. Within these groups, there are often specific hierarchies that can be worked up to throughout careers.

We're looking for leaders with highly developed critical thinking, problem solving and analytical skills. Our leaders are results oriented and have the ability to thrive in a dynamic, fast-paced environment.

Avg. Base Salary (USD)

J.P. Morgan pays an average salary of $307,087 and salaries range from a low of $266,717 to a high of $352,502.

JPMorgan Chase 502 Financial Analyst Salary in United States | $63K-$89K+ | Levels.

In Wall Street Oasis' ranking of the most difficult interviews, Evercore interviews averaged 99.6 on a 100 scale, just ahead of Moelis & Company (99.4) and the Blackstone Group (99.1). Not surprisingly, Blackstone tied with Centerview Partners as the most selective company in Vault's rankings.

About 54% of the employees at JPMorgan Chase & Co work 8 hours or less, while 7% of them have an extremely long day - longer than twelve hours. Overall, the employees at JPMorgan Chase & Co are generally happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.

What is the average income at Goldman Sachs? ›

Employees at Goldman Sachs earn an average of $182k, mostly ranging from $133k to $549k based on 1145 profiles.

The median yearly total compensation reported at Goldman Sachs for the Investment Banker role is $208,750.

The average Goldman Sachs salary ranges from approximately $40,000 per year for Technical Support to $192,700 per year for Vice President of Human Resources. Average Goldman Sachs hourly pay ranges from approximately $9.95 per hour for Office Assistant to $82.46 per hour for Site Reliability Engineer.

Chase pays employees on a bi weekly basis.

Generally you will get 10-15% of ctc as bonus.

Vice President (VP), Finance.

Industry Leader. Across the globe, it's generally recognized that Goldman Sachs is the industry leader in investment banking. This is a great “why Goldman Sachs answer”. The firm consistently ranks at the top of various league tables and is the trusted advisor for the world's biggest corporations.

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

Is it easy to crack Goldman Sachs interview? ›

Interviews at Goldman Sach are quite similar to other good tech companies. It is not that difficult to crack. The interviewer only checks that you have the skills to solve challenges.

Every round will last for 30 to 60 minutes. The entire Goldman Sachs interview process takes up to 54 days on average, according to research by Glassdoor. According to a poll by Indeed: 39% reported that the Goldman Sachs interview process takes over one month.

Bankers continue to regard Goldman Sachs as the world's most prestigious bank, followed (as always) by Morgan Stanley and JP Morgan. Credit Suisse and UBS lost the most ground in 2022 while LionTree Advisors' reputation improved the most in the eyes of bankers.

The average GPA required for an investment banking analyst position at JPMorgan, Goldman Sachs, and Morgan Stanley can vary, as these firms do not typically disclose a minimum GPA requirement. However, it is generally accepted that a high GPA from a top-tier university is preferred for these positions.

The average age at Goldman Sachs is 28: youthful promotions are an inevitability. Meanwhile, Goldman's giant MD class, which is skewed towards trading, has a message of its own: that Goldman has promoted so many people suggests it's working hard to retain them after a difficult year.

The analysts rated their job satisfaction as two out of 10 and said they were unlikely to stay at Goldman in six months if working conditions remained the same. In addition to the long hours, the analysts cited unrealistic deadlines, being ignored in meetings and micromanagement as major sources of stress.

Goldman Sachs came out on top for the second year in a row in forum site Wall Street Oasis' industry report of bank working hours, averaging nearly 90 hours a week, the same as last year.

On average, employees at Goldman Sachs stay with the company for 4.8 years.

How much does Goldman Sachs pay hourly? ›

FAQs About The Goldman Sachs Group, Inc.

pays its employees an average of $23.85 an hour. Hourly pay at The Goldman Sachs Group, Inc. ranges from an average of $16.64 to $39.23 an hour. The Goldman Sachs Group, Inc.