Goldman Sachs' summer internships are coming to a close. A former intern turned partner breaks down the 5 secrets to successfully snagging a return offer.
, some students were fearful that competition for return offers would be tougher this year amid a drought in dealmaking and industry-wide layoffs.
The partner, Dave Friedland, is head of the Americas Cross Markets Group, which hosted 24 interns this summer. The intern, India Stephenson, has been working with the consumer retail group. A lot of the pressure and competitiveness is born out of the interactions among the students themselves, he said.
But after interning on Goldman's derivatives team last summer when she was a rising junior, she was invited back to intern again this year, this time in the consumer retail group."It's an apprenticeship culture, so they want to teach you," she said."They don't expect you to know everything when you get here, so to be successful, you just need to be super willing to engage with that.
That means owning your mistakes, too, he said. He gave as an example interns who miscalculated how long it would take to finish a task. The latter is what life as a banker is like, he said. It's a skill interns will have to develop, if they don't have it already, because they do real-world work, Friedland added.
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