Acceptance
Fewer than 1 in 100
0.7% of applicants were accepted into Goldman Sachs' 2025 Summer Analyst Program.
Source: Fortune, June 2025
The payoff
First-year banker pay is about 3x a typical business grad.
Business grad, average starting base$65K
IB analyst, total pay (low end)$180K to $220K
IB: $110K base plus $70K to $110K bonus, New York bulge bracket, 2026 (IB Interview Questions). Business grads: $65,276 average starting base salary (NACE Winter 2025 Salary Survey). Base vs. total pay, so this is a rough comparison.