To prepare for a quantitative internship at Goldman Sachs, one should focus on several key areas to enhance their candidacy. Given the highly competitive nature of Goldman Sachs internships, with an acceptance rate of just 1.5%, surpassing even the selectivity of prestigious institutions like Harvard, it is crucial to start preparations well in advance.
Firstly, candidates should stay informed about current business issues and financial market trends to understand the economic environment they will be operating in. This knowledge not only demonstrates awareness but also provides context for quantitative analysis.
Secondly, developing a strong financial vocabulary is essential. Familiarity with industry-specific terms and concepts will allow candidates to communicate effectively and understand the tasks they will be working on.
Practicing mental math is another important aspect of preparation. The ability to quickly and accurately work with quantitative data is a valuable skill in the fast-paced environment of finance.
Additionally, candidates should engage in solving brain teasers and other analytical puzzles. These exercises help sharpen problem-solving skills and are often used in interviews to assess a candidate’s logical thinking and creativity.
It is also recommended that candidates tailor their resumes to highlight relevant work experience, a strong GPA, and rigorous coursework. These elements should illustrate why the applicant is a great fit for the internship. Moreover, Goldman Sachs values interns who are not only academically and professionally qualified but also personable and enjoyable to work with for extended hours.
Lastly, networking and connecting with professionals in the field can provide insights and potentially open doors. As suggested in the comprehensive guide to landing a Goldman Sachs internship, candidates should begin networking 6-12 months in advance and prepare a tailored resume and related materials.