What does it take to get a 2017 internship at Goldman Sachs in Asia?
The summer may still be months away, but in the past few weeks Goldman has been offering intern jobs to successful applicants.
Conveniently, some of these penultimate-year students have updated their online public profiles so we can see their academic backgrounds, work experience and extracurricular activities.
Serena Xuting Zhang
Like most of her cohort, Zhang found out she was a Goldman intern last month. She’s already clocked up four stints at other firms over the past 18 months: Bank of China, Oliver Wyman, Bain and Eurex (where she worked as an Asia sales semester intern). She’s studying finance at the Chinese University of Hong Kong (CUHK) where’s she’s also an events organiser for the business students club. Zhang attended West Vancouver Secondary School. Her grade point average? 4.0/4.0.
Goldman recruits many of its interns from Hong Kong campuses and it’s also not adverse to hiring students who’ve worked at Chinese banks. Ko is a case in point: he spent July/August 2015 at Bank of Communications in Shenzhen and the following summer at Bank of China in Hong Kong, working in rates and credit investment, according to his public profile. He joins Goldman with strong academic credentials at CUHK, including a HKSAR Government Scholarship and an appearance on his college’s Deans List.
Getting a Goldman internship is, of course, fiercely competitive but Liu got a three-year head start on the competition. Back in spring 2014 he clinched one of 40 China-based spots on the Goldman Sachs Scholars Program, a five-week intensive training scheme that introduces young students to the investment banking industry. He’s since done four internships, including at CICC and CITIC. Liu is studying economics and finance at Shanghai’s Tsinghua University, but his upcoming Hong Kong-based Goldman internship opens up the potential for a full-time job in the territory.
Zheng is a finance student at Peking University, a common hunting ground for investment banks in Asia. Like many recently recruited interns, Zheng’s Asia-based degree includes exchanges at top foreign universities (LSE and Universität Mannheim). Her internships display an East/West mix that Goldman likes to see on student CVs – she’s worked for BNP Paribas and Bain, but also for CICC and BOC International. Goldman was no doubt also impressed by her list of extracurricular activities, including a stint as president of her college’s International Communication Department.
Xia will spend the summer at Goldman’s Beijing office. Like Liu, he is a student at the prestigious Tsinghua University and has also interned at CICC and CITIC. Xia has done some interesting non-banking internships too, according to his online public profile. He worked at Deloitte over the winter of 2014/15 and is currently one of an elite band of off-cycle interns at KKR in Beijing. He’s already got a Bachelor in Accounting under his belt and graduates again next year with a Master in Finance.
Goldman Sachs seems to like seeing Bain internships on student resumes – like both Zhang and Zheng (above), Hu has worked at the consultancy. He’s also done investment banking internships at CITIC and Citi Orient Securities, according to the profile that he’s posted online. Hu has a dual degree in Economics and German from Peking University and (on the back of his 760/800 GMAT score) is now doing a Master of Finance at the Shanghai Advanced Institute of Finance. His Goldman internship, however, is in Hong Kong – further suggesting that the bank will sometimes relocate top-performing mainland students.
Zhu is joining Goldman in Beijing this summer having worked at six other companies since 2014. He already has experience across a range of banking functions, including M&A (at Guotai Junan Securities), equity research (CITIC) and operations (Morgan Stanley). At Guotai he “participated in the A-share private placement of Wuliangye, with a deal size of RMB2.33bn”. Zhu is a former president of the Shanghai Jiao Tong University Sports Union, according to his public profile.
Image credit: Aldo Murillo