A record 360,000 students applied for a Goldman Sachs internship this year—and fewer than 1% were accepted

In 2017, Allison Berger was excited to join Goldman Sachs’s 10-week summer internship program. Berger said she “worked on many important and complex problems” that summer, which helped her secure a full-time analyst position with Goldman’s investment banking division. Nearly a decade later, Berger is a Goldman vice president for global banking and markets.

“I’ve had amazing opportunities here. So many mentors here are women. My male colleagues have also always been incredibly supportive,” said Berger...