Investment Banking

Goldman Sachs president Waldron: We only take the top 1%

The Wall Street bank is working harder on succession planning and remains ‘very choosy’ about who it hires, according to its president John Waldron

Waldron, president and chief operating officer of Goldman Sachs, said it was ‘almost hard to believe’ how many applicants the bank gets
Waldron, president and chief operating officer of Goldman Sachs, said it was ‘almost hard to believe’ how many applicants the bank gets Photo: Samuel Corum/Getty Images

Goldman Sachs hires just 1% of the 875,000 people who apply for jobs at the Wall Street investment bank, its president said, as it continues to work on retaining key talent. 

John Waldron, Goldman Sachs’ president and chief operating officer, said that the number of applicants the bank receives for open roles is “almost hard to believe” and that it remains “very choosy” about who it looks to bring in.

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