The competition for 2026 summer internships at major investment banks like Goldman Sachs and JPMorgan has commenced, with applications recently opened. Interview processes are evolving, and candidate screening is now frequently conducted through HireVue, a digital platform. Meridith Dennes, an investment banking recruiter, highlighted the complexity and rapid changes in the hiring landscape. Successful internships at these banks often lead to lucrative careers in financial sectors, yet competition remains fierce, as demonstrated by Goldman Sachs' hire rate plummeting below 1% for the previous year, indicating high demand and low acceptance.
"It's a little bit like drinking water from a fire hose... there's so much stuff - it's really confusing, and it's changing all the time."
"Landing a summer internship at a leading investment bank is often the starting point for a high-paying and prestigious career on Wall Street."
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