Goldman Sachs to Hire 2,400-2,500 Interns This Year but Expects Out-of-School Hiring to Contract Slightly as AI Shifts Talent Mix

Goldman Sachs plans to bring on 2,400 to 2,500 interns this year and a similar number of permanent new hires starting in July, CEO David Solomon said. The figures are roughly in line with pre-COVID levels but below the more than 3,000 interns and new hires the firm took on in 2021, Solomon said during an interview on Bloomberg’s “Odd Lots” podcast released Thursday.

” “We’re still going to hire a lot of people out of school,” he added.

He described the changes observed so far as “subtle, subtle changes” in the new-hire mix since the pre-ChatGPT era. Solomon said the bigger challenge is training young workers when AI can instantly supply answers that once required hours of work. He recalled beginning his own career by digging through microfiche, pulling stock prices from The Wall Street Journal, plotting them on graph paper, and performing calculations by hand.

“Now, if you ask for it, you get it instantaneously,” he said. ” Goldman Sachs did not immediately respond to a request for comment, Business Insider reported.