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Fortune
Fortune
Jane Thier

Goldman Sachs’ CEO was rejected twice by the firm

David Solomon, chief executive officer of Goldman Sachs Group Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York, US, on Tuesday, Aug. 6, 2024. Goldman shares have rallied 31% this year to a fresh record high, bolstered by strong trading revenues and banking fees. Photographer: Jeenah Moon/Bloomberg via Getty Images (Credit: Jeenah Moon/Bloomberg - Getty Images)

It’s harder to get a job at Goldman Sachs than it is to get into Harvard. 

No, really. This year, the nation’s oldest university accepted 3.6% of its freshman applicants. Per CEO David Solomon, esteemed investment bank Goldman Sachs received “a little over” 300,000 applications for entry-level jobs from new college grads last year—and they hired about 2,500. That’s under a 1% acceptance rate, give or take—a percentage Solomon takes pride in. 

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