Each year since 2019, David Solomon has marked the arrival of Goldman Sachs’ summer interns with a welcome letter filled with words of wisdom.
The Goldman chief executive continued that tradition on Tuesday with a letter encouraging the 2025 intern class to “participate in team meetings” and not to “settle for anything less than your best work,” according to a copy of the email obtained by Business Insider.
In an apparent nod to this year’s market volatility, he also reminded them to stay focused on the job at hand.
“The only constant is change,” the note said, referencing the “highly dynamic environment” the interns find themselves in.
Letters from 2024 and 2023 also included five tips for success, including “don’t be in a hurry” and ‘”never underestimate the power of the collective,” a reference to the bank’s emphasis on teamwork.
This year, Goldman is hosting about 2,600 interns globally for its 10-week program — a slightly smaller class than last year’s, when the bank’s intern acceptance rate dropped to a record low.
Interns for the bank’s Global Banking & Markets division — which contains investment banking and sales and trading — started on June 2, while interns for the Asset & Wealth Management teams began on June 9.
