Investment Banking · <3% acceptance rate

Goldman Sachs Interview Preparation

America's leading investment bank. Exceptional pay, extreme hours, elite exit opps.

236,000+

Applications

<3%

Offer rate

$110k base + $85k bonus

Starting salary

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Goldman Sachs — HireVue Practice

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30s preparation 2 min recording Camera + mic

Application process

How to get into Goldman Sachs — step by step

1

Online Application & HireVue Video

1-2 weeks

HireVue is brutal — practice 50+ questions before submitting. Speak clearly, answer the exact question asked, no rambling. Goldman reviews every submission carefully.

2

Superday Interview (4 hours, 4 bankers)

2-4 weeks after HireVue

Expect 2 tech interviews (valuation, LBO, M&A math), 1 fit round, 1 senior banker round. Have 3-4 well-practiced stories ready. Know your pitch cold.

3

Fit/Behavioral Round

Part of superday

They'll ask about why banking, why GS, walk-me-throughs, and situational questions. Authenticity matters but polish even more.

4

Offer Stage

1 week after superday

Offers usually come within 5 business days. Multiple offers rare — most candidates get one or none. Have decision ready.

Interview questions

Goldman Sachs interview questions by round

Questions change at every stage. Know what to expect.

  • 1Walk me through a DCF. What are the key inputs and assumptions?
  • 2How would you value Goldman Sachs today? Walk me through your model.
  • 3A company is trading at 12x EBITDA. Is that expensive or cheap? How do you know?

What they value

What Goldman Sachs looks for in candidates

Financial Literacy

You need to understand financial statements inside-out. They will test this ruthlessly. Know how to read a 10-K, understand cash flow statements, and model quickly.

Work Ethic & Resilience

IB is 80-100 hour weeks. They want people who don't just accept this — who thrive on it. Show hunger, not desperation. Mention long hours like it's a feature, not a bug.

Intellectual Curiosity

They love candidates obsessed with markets and deals. Have 3-4 recent deals you've researched. Be able to discuss market dynamics, not just transactions.

Execution & Attention to Detail

One typo in a 100-page pitch book costs millions in the real world. They'll notice if your examples are sloppy. Every number, every fact, every name spelled correctly.

Comfort with Ambiguity

You won't have all the data. They want to see how you think through problems with incomplete information. Show your work, explain assumptions, defend your logic.

Compensation

Goldman Sachs salary & benefits

Graduate

$110,000

Intern

$15,000

Bonus

$85,000

Perks & benefits

Relocation package (up to $25k) for new analysts moving to NYCSubsidized meals & transportation during busy deal periodsFree professional development & exam prep (CFA, MBA)Access to Goldman Sachs career transition programs post-bankingHealth, dental, vision insurance with minimal employee cost

Culture & work style

What it's actually like to work at Goldman Sachs

Elite & Intense — Goldman is the gold standard of Wall Street. The culture is competitive, high-pressure, and uncompromising. Everyone around you is exceptionally smart.
Deal-Focused — Your identity becomes your deals. You'll work on some of the largest transactions in the world. The work itself is genuinely interesting, not busywork.
Hierarchy Matters — Clear chain of command. VP > Associate > Analyst. Respect the structure. Your analyst year is largely execution; you're not in strategy meetings yet.
Long Hours are Non-Negotiable — 80-100 hour weeks are standard. Some analysts pull 120+ hours during busy periods. If you're not willing to sacrifice sleep for 2-3 years, don't apply.
Meritocratic at the Top — Despite the hierarchy, the best ideas win. If you have solid analysis, people will listen. Office politics exist but are secondary to deal quality.

Insider tips

How to stand out at Goldman Sachs

1

Know Deal Flow — Research 2-3 Goldman-led transactions in the past 6 months. Be able to explain the deal structure, advisory fees, and strategic rationale. Shows you actually follow their work.

2

Understand Their Divisions — GS isn't monolithic. Investment Banking, Trading, Wealth Management, Asset Management — different cultures. Know which one you want and why.

3

Show Intellectual Curiosity About Markets — Have a well-researched take on the current market environment. Interest rates, M&A activity, sector trends. Not generic talking points.

4

Master Financial Modeling Before the Interview — Come in with 10 practice models already completed. You should be able to build a 3-statement model in under 5 minutes by superday.

5

Tell a Coherent Story — Why GS? Why investment banking? Why now? Every answer should point to the same underlying narrative. Consistency matters enormously.

Compare

Goldman Sachs vs competitors

FirmSalaryHoursCultureExit opps
Goldman Sachs$110,00080-100/weekElite & Intense — Goldman is the gold st...
JPMorgan Chase$110k base + $85k bonus80-100 hrs/weekSlightly less elite reputation than GS; larger platform across regionsMega-fund PE (Apollo, Blackstone), strong corporate development roles
Morgan Stanley$110k base + $85k bonus80-100 hrs/weekVery similar to GS; slightly more collaborative internallyExcellent PE recruiting, especially at Carlyle, KKR, Silver Lake
Evercore$120k base + $95k bonus75-90 hrs/weekSmaller, boutique feel; more advising-focused than GSBest PE recruiting; boutiques punch above their weight here
Lazard$120k base + $100k bonus70-85 hrs/weekIndependent boutique; advisory-heavy; less hierarchicalStrong PE recruiting; unique exposure to sponsor deals

FAQ

Goldman Sachs FAQs

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