Home Investing Goldman Sachs CEO David Solomon’s recommendation to summer season interns: 'Be an entrepreneur'

Goldman Sachs CEO David Solomon’s recommendation to summer season interns: 'Be an entrepreneur'

Goldman Sachs CEO David Solomon’s recommendation to summer season interns: 'Be an entrepreneur'

David Solomon, CEO, Goldman Sachs, talking on the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.

Adam Galacia | CNBC

Internships have begun at Goldman Sachs’ places of work within the U.S. this week, in accordance with the worldwide funding financial institution.

Roughly 3,700 individuals received a coveted spot within the firm’s internship program out of a file 236,000 who utilized, in accordance with a spokeswoman for the New York-based financial institution. That’s a 1.57% acceptance fee.

Goldman says it recruited college students from 607 colleges all over the world, which is 100 greater than final yr, because it leans on software program like video platform HireVue to assist it solid a wider internet.

With an unprecedented confluence of geopolitical occasions and a doable recession on the horizon, it is an particularly fraught time to be becoming a member of the workforce. (Successful interns are usually supplied two-year analyst positions after commencement.)

On that subject, CEO David Solomon had some recommendation for his interns.

Here is a key excerpt from the e-mail he despatched to incoming interns on Thursday: 

Year after yr as our interns start the summer season program, I’m requested how one can get probably the most out of your time on the agency, so I’d prefer to share some further recommendation.

  • Take the lengthy view. You’re going to have an incredible summer season, however there isn’t any query some days will probably be difficult. There will probably be bumps within the street. The vital factor is to maintain going—and to benefit from the trip.   
  • Be an entrepreneur. Be looking out for any manner you possibly can contribute—regardless of how small. Asking your workforce usually how one can pitch in is commonly the quickest method to be taught extra concerning the agency and our enterprise.
  • Embrace evolution. As people and as a agency, we all know that we will not keep nonetheless. But, as vital as it’s to alter, additionally it is important to remain true to what makes you, you. For Goldman Sachs, meaning embodying our core values of shopper service, excellence, partnership and integrity, as we increase to new cities, rise up new companies and discover new and distinctive methods to serve our purchasers and clients.
  • Remember to hear. This is how I outline a profitable assembly: the shopper talks, and I hear and ask questions. Try to get the principle takeaways from the dialog. And at all times finish with gratitude for individuals’s time. Ultimately, your purpose is to let that individual know you actually heard them.
  • Carve out time to your passions. It is not any secret that I’ve a pastime outdoors of labor – music requires totally different psychological muscle tissues than I take advantage of throughout the work day. Make time to do issues that you just need to do as a result of they stimulate and excite you. Your passions provide the gasoline you’ll want to keep motivated.

You’ll additionally rapidly be taught that our persons are keen to listen to your insights as a result of you’re the way forward for our agency – so get entangled in as a lot as you possibly can over the subsequent few weeks and actively share your views together with your groups. I’ve at all times stated one of the best factor about our agency is our individuals, and that features the proficient group of interns who be part of us every summer season – all of you. Have an incredible summer season.




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