This is What Really Happened on Goldman Sachs’ Virtual Internships
November 23, 2020
Investment banks’ virtual internships may seem a thing of the past now that the summer is over, but it’s worth revisiting exactly what transpired last July and August because – vaccine or not- there are suggestions that banking internships could remain at least partially virtual in the future.
Harvard Business Review has just released a postmortem of the 2020 virtual internships at Goldman Sachs. By all accounts, they went better than expected. The feedback from Goldman’s end-of-internship-survey was overwhelmingly positive. Vicki Tung, Goldman’s global head of campus recruiting, and Bentley de Beyer, Goldman’s global head of human resources, told HBR that there are aspects of this summer’s virtual internships that Goldman might maintain in 2021. For example, Goldman’s 2020 interns said working remotely allowed them to be more productive than normal, likely due to the elimination of ad hoc meetings and commuting. Virtual internships also allowed Goldman’s interns to meet senior staff from around the world, instead of just in their local offices.
Rishad Tobaccowala discussed his new book, Restoring the Soul of Business: Staying Human in the Age of Data, and stories from his career as former Global Strategist and Chief Growth Officer of Publicis Groupe in this Book Club recording.