狮山巡礼
投资杂谈
CEO tells highly competitive intern class that unwanted opportunities led to his rise through Wall Street ranks
Taking a jobyou dont want can still pay off.
Thats among the several pieces of advice Goldman Sachs CEO David Solomon offered to the companys 2025 class of summer interns, who landed some of the most sought-after and competitive internship positions in finance.
During the companys town hall in Jersey City, New Jersey, on July 14, Solomon gave the group a range of advice as they wrapped up their stint as interns for the summer.
I would tell you that sometimes the best opportunities come from being asked to do something you dont want to do, and actually taking it on and trying to do it. Because thats when people grow the most. Thats where I grew the most, Solomon said as the class of interns wrap up their stint at the company.
Solomon was asked to run equity capital markets at Goldman Sachs in the early 2000s before swiftly rising through the ranks to more senior roles at the Wall Street titan. It was a job he didnt want, but it ultimately paved the way for his ascent to more senior positions. Solomon became the head of investment banking for Goldman in 2006.
It broadened me in a way I would not have gotten the job to run investment banking at Goldman Sachs, Solomon said. I wouldnt be standing in front of you in this job, had I stayed and just continued to be a credit trader. That really broadened my aperture, but it wasnt what I wanted to do at the moment.
Goldmans programis very selective, admitting only 0.7% of those who apply. About 360,000 people from around the world applied for the 2025 summer program, and only 2,600 of them were selected. The students were selected from more than 500 schools and collectively speak more than 85 languages.
Notably, the applicant pool has grown significantly under CEO David Solomons leadership. The number of applicants has grown 15% compared to a year ago, it has surged by more than 300% since Solomon took the helm in 2018.
Internships at the bank are high pressure and competitive for getting in and performing while on the job. However, their salaries are equivalent to the base salary of a first-year full-time employee in the same function and location, although the pay is prorated for summer.
The internship program also serves as the companysprimary pipeline for its full-time class.
You have no idea where your career will take you, you have no idea where your life will take you, but its an incredible journey and youre at the beginning of it, and my biggest and most important message is dont be in a hurry. Dont be in a hurry, Solomon said.
He continued, saying that it is impossible to know all the choices, all the forks in the road, all the opportunities that lie ahead in years to come.
Solomon implored the class to invest in relationships and to build their network, saying that you will never know how the different people you connect with will ultimately affect your journey, your path.
Solomon encouraged the interns to find something they could read every day for at least 30 minutes, specifically things that pertain to business.
Then, when you dont understand things that youre hearing about the world, ask questions, Solomon said. But the more you can get a sense of whats going on in the world, try to form your own foundational opinion of whats going on in the world -- the better.
Ask yourself these questions
- Are you enjoying the work that youre doing?
- Is there something about the work thats stimulating, intellectually interesting, that inspires you?
- Do you like the people youre working for? Are they interesting? Are they helpful? Do they care about me? Are they interested in my career and what Im doing, etc?
- Do you like the people youre working with? Are they stimulating you? Do you enjoy being with them? Do you learn from them? Are they different? Do they bring different perspectives?
Solomon said that most of those things wont be true at the same time, but when you get those things aligned, youre in a really good place.
