Goldman SA to FT 2011

So I've heard Goldman is known for having lower conversion rates for SA to FT compared to the rest of the BBs, but does anyone know what the percentage of interns for 2011 received offers in Sales and Trading? What are expectations for this year? Answers would be greatly appreciated!!!

Comments (15)

Apr 15, 2011

***sorry i meant for last summer, 2010

Apr 15, 2011

anyone?

Apr 15, 2011
Apr 16, 2011
starwin:

Around 66%, http://images.businessweek.com/ss/09/12/1210_best_...

thank you so much! so these are the numbers for 2009 - i dont think 2010 numbers are posted anywhere, so i was wondering if anyone knew from hearing from people that did the internship.

also, what's the general average at other banks for s&t? i've heard numbers over 90%, but that seems a little high, right?

Apr 16, 2011

From the recruiters I talked to, they said around 70%

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Apr 16, 2011
starwin:

From the recruiters I talked to, they said around 70%

oh wow, that's much more in-line with the other BB offer rates than in previous summers, right?

Apr 16, 2011

Yes, they are hiring more interns because the economy is coming out of a recession so they need more staff. FT offers at GS are based mostly on the candidate's fit.

Apr 16, 2011

Correct. GS changed its policy a few years back. Retention is as high as anywhere else.

Apr 16, 2011

around 70% across the board unless we're talkin PWM

Apr 16, 2011

i heard there are 200 interns for the securities division, so there could be potentially 140 offers handed out?

Apr 16, 2011
bankersa329123:

i heard there are 200 interns for the securities division, so there could be potentially 140 offers handed out?

200 interns solely in S&T?? maybe you mean for all divisions (ex. IDB + S&T+ etc.)?

Apr 16, 2011
bankersa329123:

i heard there are 200 interns for the securities division, so there could be potentially 140 offers handed out?

200 is typically the correct number. However, GS takes many more sophomore SAs than the other banks (~30% from what I've heard) and those participants clearly won't be getting FT offers but rather SA offers for another summer.

Apr 16, 2011

3 years back it was 55%, 2 years it was 66%, and last year a friend said it was on the threshold of 70%. She's spent two summers with them and placed full-time for TMT (gasp).

Apr 16, 2011

I believe the retention percentage figure cited includes that figure. "Return offer" just means move from junior SA to FT or sophomore SA to junior SA, either way you're still staying inside.

Apr 16, 2011
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