Diversity
Our Approach
". . . For us to be successful, our men and women must reflect the diversity of the communities and cultures in which we operate. That means we must attract, retain and motivate people from many backgrounds and perspectives. Being diverse is not optional; it is what we must be."
- From Goldman Sachs Business Principle #7
Goldman Sachs is constantly striving towards a more diverse workplace, both for the benefit of the firm and in order to more successfully meet the needs of our clients. Our extensive diversity efforts include:
- Partnering with numerous organizations to promote diversity beyond the boundaries of the firm
- Increasing our commitment to recruiting women, students from historically under-represented groups and those with disabilities
- Seeking candidates from a broad array of academic disciplines and concentrations, such as liberal arts, applied math, sciences and engineering
- Initiating and managing programs, internships and scholarships designed to increase awareness of the firm and our industry
Partnerships and Conferences
Here is our current roster of partnerships.
Americas
85 Broads – Broad Advantage
A Better Chance
American Indian Science & Engineering Society
Association of Latino Professionals in Finance & Accounting
Catalyst
Center for Talented Youth
Consortium for Graduate Study in Management
Financial Women's Association
Forte Foundation
Hispanic Association for Career Enhancement
Hispanic Scholarship Fund
INROADS
Jack and Jill
Jackie Robinson Foundation
JR Achievement
LEAD Program in Business
LIME Connect
Management Leadership 4 Tomorrow
MBA Jumpstart
National Association of Black Accountants
National Association of Women MBAs
National Black MBA Association
National Business and Disabilities Council
National Foundation for Teaching Entrepreneurship
National Hispanic Business Association
National Society of Black Engineers
National Society of Hispanic MBAs
New American Alliance
New Jersey SEEDS
New York Times College Sponsorship Program
Out for Undergraduate Business Conference
Out for Work
PhD Project
Point Foundation
Prep for Prep
Reaching Out MBA
Robert A. Toigo Foundation
Society of Hispanic Professional Engineers
Society of Women Engineers
Sponsors for Educational Opportunity
The Posse Foundation
Youth About Business
Europe
Blind in Business
The Brokerage
Capital Chances (Technology Chances, Invest in Your Future)
Employabilty
Employment Opportunities
Employers' Forum on Disability
Opportunity Now
Prospects
Pure Potential
Race for Opportunity
Rare Recruitment
Sponsors for Educational Opportunity
Stonewall
Career Academies UK
Internships and Scholarships
Americas
Scholarship for Excellence
The Goldman Sachs Scholarship for Excellence Program, established in 1994, is an integral part of our diversity recruiting effort, helping to attract Black, Hispanic and Native American undergraduate students to careers at Goldman Sachs.
Recipients of the scholarship in their sophomore year receive a $5,000 award toward tuition and academic expenses for one year. Students invited to return for a second summer internship are eligible to receive an additional award of $10,000. Recipients in their junior year receive a scholarship award of $10,000. Scholarship recipients also receive an offer for a paid Goldman Sachs summer internship.
MBA Fellowship
The Goldman Sachs MBA Fellowship is an integral part of our diversity recruiting effort. The Fellowship is designed to increase the level of interest in and awareness of careers in the financial services industry among Black, Hispanic and Native American business school students. The Fellowship is also a reflection of our Business Principles and is awarded to recognize outstanding students and the achievements they have made.
Recipients of the fellowship will receive:
- A summer internship in a US domestic office. We provide students with the opportunity to work as a summer associate between the first and second years of business school so that they gain insight into the financial services industry, our firm and our culture
- A $15,000 award toward tuition, academic and living expenses
- Upon successful completion of the summer internship and acceptance of a full time offer, Goldman Sachs will also underwrite tuition costs associated with the second year of business school or an additional $15,000 award toward tuition, academic and living expenses
Europe
Sponsors for Educational Opportunity (SEO)
SEO London, founded in 2001, has brought together leading City banks, including Goldman Sachs, as the principal sponsors of its careers programs. SEO London supports top-calibre undergraduates from ethnic minority backgrounds attempting to gain summer internships at some of the most prestigious firms in the UK financial industry. SEO provides students with extensive training, mentoring and networking services, linking students not only to the firm that they work for but to opportunities and experienced professionals throughout the financial services industry. For more information and to apply, please visit SEO’s website: www.seo-london.com
EmployAbility Internship for Students with Disabilities (EAI)
The Goldman Sachs EmployAbility internship gives first and penultimate year students with disabilities the opportunity to obtain invaluable work experience and gain an insight into the industry. Candidates apply through EmployAbility, but each applicant is assessed against the Goldman Sachs core competencies and selected through the firm’s recruitment process.
Successful candidates are directly hired and completely integrated into one of our established spring or summer internship programs. A firmwide taskforce, including Diversity Recruiting, EmployAbility and Access to Work (a government run organization), ensures that all reasonable adjustments the students require are in place, provides disability awareness training for employees and supports the interns during their internship.
Opportunities are available in various divisions throughout the firm, including but not limited to: Finance (Controllers, Corporate Treasury and Credit), Human Capital Management, Investment Banking, Investment Management, Operations, Securities and Technology.
For more information and to apply, please visit EmployAbility’s website: www.employ-ability.org.uk.
Programs and Mentoring
Pre-University Programs: Americas
GS Scholars
In 1998, Goldman Sachs launched an initiative to work with promising young scholars from historically underrepresented backgrounds to introduce them to the world of business and finance. Many of these students have gone on to hold summer internships and even full time positions with the firm. Each year, our non-profit partners nominate students to apply to the Goldman Sachs Scholars Program at the end of their senior year of high school. Students who are selected as Goldman Sachs Scholars will participate in program initiatives through their sophomore year in college.
Pre-University Programs: Europe
Pre-University Symposia
These programs, based in London, provide an insight into the exciting world of financial services and enable students to meet industry professionals, often from a similar background to themselves, and develop skills to aid their transition from school to university. The day includes an introduction to the City, interactive business case study, CV and presentation skills sessions and informal networking events.
We host two symposia programs each year: A Fresher Perspective is sponsored by the Women’s Network, and the Diversify your Perspective program is sponsored by the Asian Professionals and Firmwide Black Networks for final year A Level and International Baccalaureate students. These events will take place in February 2010. Please visit gs.com/careers/campusevents to apply.
University: Americas
GS Undergraduate Camp
The Goldman Sachs Undergraduate Camp offers rising sophomores an opportunity to explore the financial services industry and become familiar with the firm’s business, history and culture. This event is open to Black, Hispanic, and Native American students from all majors and disciplines. The 4-day program features divisional overviews, case studies, career workshops and networking with Goldman Sachs business and recruiting professionals.
University: Europe
GS MBA Camp
The Goldman Sachs MBA Camp is an opportunity for newly admitted Black, Hispanic and Native American MBA students to learn about Goldman Sachs and the financial services industry. The two-day program features overviews of our business lines, case studies, career workshops and networking opportunities with Goldman Sachs professionals. First-year students at all business schools are eligible to apply.
Learn more about the 2009 program. [PDF, 2.23 MB]
Mentoring Programs
Our formal and informal mentoring programs help introduce newly hired professionals to the firm and guide them in their career development. Many of our mentoring programs include training and evaluation to enhance their value.