The Goldman Sachs Interview Process from A to Z (2023)

If you’ve scored an interview at Goldman Sachs, consider yourself exceptional.

The premier investment bank and financial services firm fields over 270,000 applications for its summer analyst internship alone, and hires just 4% of applicants.

With statistics like those, most people assume hiring managers target Ivy Leaguers with a 4.0 GPA and a linear career in finance, but the opposite is true. In fact, getting hired at Goldman Sachs is much like getting into Harvard. Recruiters seek “unusual profiles”: professionals who are ambitious, interesting, and passionate about something outside of finance.

Hence, why the bank has a reputation for hiring people who play competitive sports: Olympic swimmers, semi-professional tennis players, and varsity college athletes alike. If you’ve ever run a startup out of your garage, climbed Mt. Everest, or overcome great adversity, now’s your chance to plug that story and win the most prestigious job in New York city.

Once you get your foot in the door, what can you expect?

How long is the interview process?

The average hiring process at Goldman Sachs takes 54 days,according to research by Glassdoor UK. In a poll by Indeed, 39% of respondents reported the process takes over one month, 27% said about a month, while 16% were hired within two weeks.

Important note...

The majority of candidates indicated they landed a job because a recruiter contacted them (34%), through campus placement (19%), or via an employee referral (15%). Just 8% of candidates surveyed said they were hired through an online job board.

What does the process look like?

The Goldman Sachs Interview Process from A to Z (1)

Application & Statement of Intent

Cover letters are out of fashion at tech companies like Google and Microsoft, but not at Goldman Sachs, where the ‘statement of intent’ in your application matters more than your resume.

(Video) Here's What The Goldman Sachs Hiring Process Is Like

In 300 words, explain why you want the role, why you’re interested in the division you’ve applied to, and what distinguishes you from other applicants.

Show that you’re personable, passionate about the company, and would make for a captivating guest at a dinner party.

Putting effort into this is key: Goldman Sachs recruiters claim that every application is read by a real person.

HireVue Interview

HireVue is a digital interview system used by many banks for job interviews. Candidates film themselves answering a set of predetermined Goldman Sachs interviewquestions.

Goldman recruiters say you can expect 5-6 questions: competency and behavioral questions (80%), alongside questions specific to the division you’re applying for (20%). Sample behavioral questions include:

Talk me through a time when you demonstrated leadership

What’s the hardest problem you’ve ever encountered?

(Video) How To Get A Job At Goldman Sachs

You’ll get 30 seconds to prepare each answer and three minutes to speak to the camera, with no second chances to re-record.

The system uses a complicated algorithm (learned from the responses of thousands of prior candidates) to evaluate your answers across 15,000 variables including body language, speech patterns, and blinking.

👉 Want to see GS interview questions from the last 30 days? Click here

HackerRank Assessment (engineering candidates)

HackerRank is a coding-based technical skills and assessment platform commonly used to screen engineering candidates. Recruiters say candidates can choose whether to complete a programming assessment or a math assessment.

The test is timed, so you should familiarize yourself with the platform beforehand by taking a sample test. According to a blog poston the bank’s website

“it is also a good idea to review algorithms and basic data structures from your first few computer science courses as a basic refresher.”

You can take the assessment in a variety of programming languages, including C++, Java 7, Java 8, JavaScript, Python 2&3, or Scala.


Onsite Interviews

The Goldman Sachs Interview Process from A to Z (2)

Prior to the coronavirus pandemic, Goldman Sachs was notorious for its relentless onsite interviews. It's one of the most quintessential parts of the Goldman Sachs Experience. The company issued an update in March stating that all interviews are being conducted via video conference. Currently, 98% of its workforce is working remotely, according to CEO David Solomon.

(Video) Goldman Sachs Interview Questions

Recruiters say you can typically expect three rounds of 30-minute interviews, starting 1:1 and moving up to a panel interview or group interview.

Reviews on Glassdoors indicate that these interviews tend to be highly technical, no matter the job function. Most engineers report fielding questions about hashmap implementations and array/string manipulation and, of course, brain teasers.

You’ll be expected to be aware of current events and industry trends, especially for summer analyst roles. You may be asked questions like:

👉 Want to see GS interview questions from the last 30 days? Click here


Superday (summer analysts)

"Superday" is a day of in-person interviews onsite. For summer analyst roles, it represents the final interview round. Due to the COVID-19 pandemic, upcoming sessions may be conducted virtually.

Sessions are hosted from August to December, typically every other week. Recruiters conduct 2-5 interviews for campus hires depending on the division, and 25%-35% of candidates who attend a superday receive an offer.

(Video) This behavior could kill your chances in a Goldman Sachs interview

Candidates must know their resume, skills, and why they’ve chosen their specific division and location. They must also demonstrate knowledge of current events. Each interview is typically conducted by two investment banking executives -- primarily VPs and managing directors.

Offer

After Superday, candidates typically hear back within 24-48 hours. For professional roles, the timeline varies, but always make sure to follow up with your interviewer and send thank you notes to everyone who interviewed you.

Extra Tips

The Goldman Sachs Interview Process from A to Z (3)

Be prepared to show your knowledge of current events and industry trends.

Regularly read finance trade journals, the Wall Street Journal, Bloomberg and other business-focused publications well ahead of your interview. Your interviewers are trained to ask follow-up questions, so making a surface-level observation or referencing a news article you didn’t thoroughly read could backfire.

Expect tough technical and behavioral questions.

You should be incredibly prepared for questions about investment banking and finance. Know your technical stuff inside and out. Even candidates for client-facing analyst roles field tough technical questions about DCFs, EBITDA, LBO analysis and more.

Additionally, Goldman is known for asking unique behavioral questions, many of which catch interviewees off guard. Be sure to do your research and practice recent interview questions beforehand.

You may have to interview multiple times, so hang in there.

Senior positions typically involve a longer interview process. In fact, John Rogers, a current partner, recalls in the documentary ‘Goldman Sachs at 150’ that he went through 27 rounds of interviews before he was hired. Part of this is by design; Goldman tests candidates’ perseverance to ensure that only those who really want the job receive an offer.

Frequently Asked InterviewQuestions

The Goldman Sachs Interview Process from A to Z (4)

Sample behavioral questions...

  1. Can you talk about a mistake you made in the past, and how you overcame it?
  2. Who is the most famous and influential person you would like to meet and why?
  3. Can you talk about a challenge you faced in the past? How did you overcome it?
  4. Can you talk through a time you worked with a coworker? How did you build that relationship?
  5. What's more important: deadlines, or the quality of work?
  6. Describe a conflict you had with a colleague in the past. How did you resolve it?
  7. Can you give an example of a time you streamlined a process?
  8. Can you tell me a time when you failed to meet a deadline?
  9. Which part of your previous jobs did you like the least?
  10. What motivates you the most in your career?

👉 Want to see GS interview questions from the last 30 days? Click here

Sample technical questions (engineering roles)...

  1. How many golf balls can fit inside Boeing’s manufacturing warehouse?
  2. Given an array [A] consisting of zeros, ones and twos, write a function that sorts [A].
  3. Given two sorted integer arrays, find the median element.
  4. What is a static class in Java? What is a singleton class?
  5. You toss a fair coin 400 times. What’s the probability that you get 220 heads?
  6. How do you implement your own hashmap?
  7. Tell me about the Java collections framework. What are its main interfaces?
  8. Let’s say I gave you a long string and I wanted you to tell me that most common word in that string. How would you do that?
  9. How would you design a multi-format converter that supports reading data from multiple data sources?
  10. If you have a 10GB file and only 2GB of memory, how would you store the file? Describe the solution and write the code.

👉 Want to see GS interview questions from the last 30 days? Click here

Sample technical questions (investment banking analyst)...

  1. Walk me through the three different ways of valuing a company.
  2. What does a DCF do?
  3. Briefly walk me through a discounted cash flow analysis. (including WACC).
  4. How do you get to free cash flow (FCF) from EBITDA?
  5. Walk me through an LBO analysis.
  6. What factors can lead to the dilution of EPS in an acquisition?
  7. You're using multiples to value a company but those multiples are skewed. What do you do?
  8. What is Minority Interest and why do we add it in the Enterprise Value formula?
  9. Why is cash subtracted from Enterprise Value (EV)?
  10. If you are in a business that wants to preserve cash, what type of inventory accounting method would you use (LIFO or FIFO) in a time of rising prices, and why?

👉 Want to see GS interview questions from the last 30 days? Click here

(Video) How I cracked my Goldman Sachs Interview? Poland and Bangalore | SDE2 (Associate) | Interview Exp

Read Next: What it's like to work at Goldman Sachs

FAQs

How many rounds of interviews does Goldman Sachs have? ›

If selected following your HireVue interview, you'll be invited to a day of in-person interviews at a Goldman Sachs location. Typically, we conduct between two and five interviews for campus hires, depending on the division.

How long is the interview process at Goldman Sachs? ›

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.

How long does it take to hear back from Goldman Sachs after interview? ›

Generally, you will hear back from a front office GS super day within three days. However, some users found out less than 2 hours after their interview but some have said that the wait time can be between 1 week to 1 month.

Does everyone get a Goldman Sachs interview? ›

What to expect from a Goldman Sachs Hirevue Video Interview. All applicants are asked to conduct Hirevue Video Interviews after applying to a program.

What are the 3 rounds of interview? ›

3 Rounds of Interview

This type of interview may include an HR round, technical round and a final discussion round.

Is 3 rounds of interview normal? ›

Having three to four interviews just for an entry-level position may frustrate candidates but the number is sufficient for a more senior role. In the event where more than four or five rounds of interviews are required, it is best to provide a justification.

Is Goldman Sachs interview difficult? ›

Goldman Sachs is well known for their lengthy interview process. There's no denying it. GS interview process is really, really tough but it's certainly not impossible as applicants have proved it in the past and so has Nithin who hails from Bangalore and is studying at NITK Surathkal.

Is it hard to get approved by Goldman Sachs? ›

Relatively high eligibility requirements

To qualify for a loan with Marcus at the most-competitive rates, you'll probably need to be seen as very creditworthy by the lender. In fact, 95% of people approved for a Marcus loan have FICO® credit scores of at least 660, according to Goldman Sachs' 2021 annual report.

How long does Goldman take to make an offer? ›

Superday participants typically hear back from Goldman, one way or the other, within 24-48 hours. On average, candidates who receive offers get back to the bank with an answer within a week or two. Goldman invites many of those who accept an offer to come into the office in February or March.

How long after final interview Did you get an offer? ›

In my experience, it takes two to four weeks on average to hear back after your final interview, but there's no standard time. According to a 2019 survey by the National Association of Colleges and Employers (NACE), the average time from interview to job offer is 23.5 days for recent college graduates.

How many people get offers after Superday? ›

If you complete only one Superday, your chances of getting an offer might be 30%. But if you go through 5 Superdays, each with a 30% offer rate, your chances of receiving at least one offer increase to 1 – (1 – 30%) ^ 5 = 83%. And with 10 Superdays, your chances of winning at least one offer are 97%.

How long after interviews is a decision made? ›

You can usually expect to hear back from the hiring company or HR department within one or two weeks after the interview, but the waiting time varies for different industries.

What is the acceptance rate for Goldman Sachs? ›

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.

Can I apply for Goldman Sachs twice? ›

Read our Careers Blog for advice and tips about the recruiting process and to stay up-to-date on Goldman Sachs news. What to keep in mind: You can apply to up to three roles (combination of division and location).

What is the average salary of Goldman Sachs? ›

Average annual salary in Goldman Sachs is INR 19.7 lakhs. Salary estimates are based on 9.4k Goldman Sachs salaries received from various employees of Goldman Sachs.

How many interview rounds are enough? ›

There was an overwhelming majority of over 90% in favor of only 2 or 3 interview rounds. Most of them even preferred only two. With that in mind, when you are starting your next recruitment process, try to squeeze the interviews into ideally 2, maximum 3 rounds.

How do know if interview went well? ›

Signs that the the interview went well: The hiring manager is engaged in the conversation and it feels natural. You receive positive feedback for your skills and accomplishments. The hiring manager spends more than the allotted time on your interview, especially if you're taken to meet other members of the team.

How many candidates are usually shortlisted for interview? ›

The shortlist for an interview usually includes 10 to 20 candidates, but this can vary depending on the type of position you are hiring for. Companies with more resources may have much larger shortlists because they can afford to spend more time interviewing people in-person.

Does a 3rd interview mean I got the job? ›

If you're called in for a third interview, that's a great sign—it indicates that your previous conversations went well, and you are on a shortlist of job applicants. A third interview is used to ensure the candidate is a good fit for the job.

Is a final interview just a formality? ›

Is a final interview just a formality? No, the final interview is typically not just a formality. Your final interview is your last opportunity to impress your hiring manager before they officially make their decision. Remember, you may still be going up against a pool of other final candidates.

Is the third interview the last one? ›

A third interview is often a final interview, so there's a good chance you will talk about salary and perks. You may even receive an offer at the end of the interview. You should be prepared by researching the average pay for the job and deciding what figure you need to say yes.

Does Goldman Sachs send rejection letters? ›

GS sends rejection letters via email.

Is the third interview the hardest? ›

You likely answer most if not all of the preliminary questions during the first two interviews, so the third job interview will typically include much more intensive questions. These questions allow the hiring manager to make sure you are the right fit for the position and will fit well into the company culture.

How do I ace my Goldman Sachs interview? ›

Ask appropriate questions to your interviewer and practice both your questions and answers in advance.
...
Preparing for your interviews: 5 Tips
  1. Know your resume/CV. ...
  2. Talk about your skills. ...
  3. Do your research. ...
  4. Prepare your answers. ...
  5. Ask questions.
13 Sept 2017

What credit score is required from Goldman Sachs? ›

What credit score do you need to get a loan from Marcus? To be eligible for a personal loan with Marcus by Goldman Sachs, you'll need a credit score of at least 720. You may also need to meet some other financial and credit requirements. Be sure to check your credit score before applying.

How many applications does Goldman get? ›

This is a significant increase on the 2,900 interns Goldman hired in 2021. Goldman's internship applications are up 17% on 2021 according to Business Insider. This implies that Goldman had around 202,000 intern applications last year and an acceptance rate of 1.4%.

Is Goldman harder to get into than Harvard? ›

For college grads who want to make money and live in New York City, landing a job at Goldman Sachs is a golden ticket. And it is still harder to get hired by Goldman than it is to get into Harvard University.

How long before offer gets accepted? ›

Generally, after you make your offer on a home, the seller or their agent will get back to you within 24 to 72 hours. If it does take longer than that timeframe, don't stress about it too much, there are plenty of factors that may lead a seller to be slow to respond to your offer.

Does Goldman Sachs call for offers? ›

Offer and Onboarding: If you are selected for the role, a member of the internal recruitment team will contact you to review the offer letter details, benefits, and more information on your new career at Goldman Sachs. If you are not selected, you will receive communication from a member of the Goldman Sachs team.

How long should you wait for an offer to be accepted? ›

How Long Do They Have To Respond? Legally speaking, there isn't a time frame sellers must respond to your offer. However, it's an unspoken rule in the industry that sellers and/or the listing agents should respond within a few days, with 48 hours the norm.

Does offer in process mean I got the job? ›

Once candidates have applied for a job, applications have a status of received, in progress, offer, hired or closed. If the status is marked “in progress,” this means the application is still being considered and is in one of several stages of the human resources (HR) review process.

How do you know you didn't get the job? ›

18 signs you didn't get the job
  1. The interviewer didn't express any interest. ...
  2. The interview was short. ...
  3. The employer cancels the interview. ...
  4. The recruiter mentions they're still accepting applications. ...
  5. You're unable to meet the requirements of the position. ...
  6. The interviewer doesn't sell you on the position.

What should you not do after an interview? ›

What Not To Do After A Job Interview
  1. Don't replay the interview over and over.
  2. Don't harass the hiring manager.
  3. Don't stop your job search process or quit your job.
  4. Don't post anything about the interview on social media.
  5. Don't ghost the hiring manager.
29 Jul 2019

What percentage of interviews get offers? ›

Job seekers have a 36.89% chance of receiving a job offer after having one interview.

Does everyone get invited to Superday? ›

A Superday usually entails interviews with around 4-6 senior bankers that last 30-60 minutes each. All candidates who have successfully passed through the first rounds of interviews are invited on- site to the firm's office for the location they are interviewing for.

Is Superday the final round? ›

At this point, you've passed the phone screen, the first interview, the group interview, and all the other interviews. Superday is the last step in the hiring process for investment banking analysts and associates, so be prepared and be at your best!

Who makes final hiring decision? ›

And while the recruiter manages the process, it's the hiring manager who actually closes the deal. So, hiring managers are the decision-makers; they have the final say as to who gets hired and who gets rejected. They own the outcome of the recruiting process.

What do interviewers say at the end of an interview? ›

"I am grateful for interviewing with you today. You have given me a clear overview of the position. I think my experience and accomplishments can provide value to the organization. Is there anything else you need to confirm if I am the right candidate for this position?"

How do interviewers score candidates? ›

An interview scoring sheet typically includes the following:

A consistent rating system. Specific questions aimed at evaluating a candidate's skills, traits, qualifications and experience. Clearly defined criteria specific to the position. Criteria related to how a candidate would fit into a company's culture.

How much bonus does Goldman Sachs give? ›

Salaries and bonuses, second year analysts
BankBase salaryMedian bonus
Goldman Sachs$125k$95k
Houlihan Lokey$115k-
JPMorgan$125k$92k
Jefferies$125k$105k
15 more rows
23 Feb 2022

How many interviews does Goldman Sachs take? ›

If selected following your HireVue interview, you'll be invited to a day of in-person interviews at a Goldman Sachs location. Typically, we conduct between two and five interviews for campus hires, depending on the division.

Does Goldman pay well? ›

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. At Goldman Sachs, employees working in corporate management jobs and research & development jobs tend to earn the highest salaries.

How many rounds of interview Goldman Sachs experienced? ›

There are generally four rounds to hire candidates in the Goldman Sachs Recruitment Process: Online Assessment Test. Technical Interview. HR Interview.

How many vacation days does Goldman Sachs offer? ›

Paid vacation
No paid vacation days10%
1-5 days4%
6-9 days5%
10-20 days51%
21-30 days29%
1 more row

How long is Goldman Sachs interview process? ›

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.

What is Goldman Sachs fresher salary? ›

Goldman Sachs Analyst Salary FAQs

Average Goldman Sachs Analyst salary in India is ₹ 16.0 Lakhs for less than 1 year of experience to 4 years. Analyst salary at Goldman Sachs India ranges between ₹ 5.0 Lakhs to ₹ 30.0 Lakhs.

How much does a VP in Goldman Sachs make? ›

How much does a Vice President make at Goldman Sachs in the United States? Average Goldman Sachs Vice President yearly pay in the United States is approximately $174,788, which is 18% above the national average.

How many interview rounds is typical? ›

While there is no hard and fast rule, aiming for between one and three interviews, depending on the level of the position, is a wise move.

Are Goldman Sachs interviews tough? ›

Goldman Sachs is well known for their lengthy interview process. There's no denying it. GS interview process is really, really tough but it's certainly not impossible as applicants have proved it in the past and so has Nithin who hails from Bangalore and is studying at NITK Surathkal.

How many applicants does Goldman Sachs get? ›

A record number of people applied for Goldman Sachs internships, in spite of grueling work conditions. 236,000 people around the world applied, a 17% jump from 2021. The program is highly competitive, only accepting 1.5% of applications, a source told CNBC.

How many rounds of interview are conducted? ›

The typical employer will interview 6-10 candidates for a job, and candidates will go through at least 2-3 rounds of interviews before receiving an offer. If a hiring manager isn't able to find someone who fits their requirements in the first 6-10 candidates, they may interview more.

How many interview is enough? ›

It is called “theoretical saturation.” As a rule of thumb, to avoid bias with a single interview, a minimum of 3-6 interviews need to be conducted to draw any conclusion. The goal is not in the number of interviews but the quality of them.

What percentage of interviews go well? ›

It's estimated that up to 75% of applicants aren't even qualified for the positions that they're applying for. This means as many as 98% of candidates don't make it to the interview process, and the 2% who do often have to go through multiple follow-up interviews.

How hard is it to get a full time job at Goldman Sachs? ›

It is said that Goldman Sachs only accepts around three to four percent of all job applicants. The application process is competitive, to say the least.

Does Goldman send rejection? ›

GS sends rejection letters via email.

Does Goldman Sachs pay well? ›

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. At Goldman Sachs, employees working in corporate management jobs and research & development jobs tend to earn the highest salaries.

How many people usually make it to final round interviews? ›

How many candidates make it to the final interview? Only 3 candidates on average make it to the final interview. Competition for jobs is fierce, and 98% of candidates don't even make it to the interview process.

How many candidates are selected for interview? ›

Only 20% Of the Applicants Get to the Interview Round.

On average, 118 candidates apply for one single job, of whom only 20% are interviewed. And, if you get an offer, you are among just 30.89 percent of interviewees to be selected.

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