Goldman Sachs CEO David Solomon’s recommendation to summer time interns: ‘Be an entrepreneur’

David Solomon, CEO, Goldman Sachs, talking on the World Financial Discussion board in Davos, Switzerland, Jan. 23, 2020.

Adam Galacia | CNBC

Internships have began at Goldman Sachs’ places of work within the US this week, in keeping with the worldwide funding financial institution.

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

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 forged a wider web.

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

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

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

Yr after yr as our interns start the summer time program, I am requested how one can get essentially the most out of your time on the agency, so I might wish to share some further recommendation.

• Take the lengthy view. You are going to have an ideal summer time, however there is no query some days will likely be difficult. There will likely be bumps within the street. The essential factor is to maintain going—and to benefit from the experience.
• Be an entrepreneur. Be looking out for any approach you may contribute—regardless of how small. Asking your workforce usually how one can pitch in is usually the quickest option to be taught extra in regards to the agency and our enterprise.
• Embrace evolution. As people and as a agency, we all know that we can not keep nonetheless. However, as essential as it’s to vary, it is usually 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 broaden to new cities, rise up new companies and discover new and distinctive methods to serve our purchasers and clients.
• Keep in mind to pay attention. That is how I outline a profitable assembly: the shopper talks, and I pay attention and ask questions. Attempt to get the principle takeaways from the dialog. And at all times finish with gratitude for individuals’s time. Finally, your objective is to let that individual know you actually heard them.

• Carve out time in your passions. It’s no secret that I’ve a pastime exterior of labor – music requires completely different psychological muscle tissue than I exploit in the course of the work day. Make time to do issues that you simply need to do as a result of they stimulate and excite you. Your passions provide the gasoline you must keep motivated.

You may additionally rapidly be taught that our individuals 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 may over the subsequent few weeks and actively share your views along with your groups. I’ve at all times mentioned the perfect factor about our agency is our individuals, and that features the gifted group of interns who be part of us every summer time – all of you. Have an ideal summer time.

David