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-0.00195376995046778 -0.000550357732526142 0.00165107319757843 0.00249862410566879 0.00312603192074852 0.00712162905888831 0.0110842047330766 0.0122509631260319
Stock impact report

Internships At Top Employers Are The New Ivy League Degrees [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
The value of an internship has skyrocketed in the past decade while the perceived value of a college degree has plummeted. And while the availability of seats at undergraduate colleges remains consistently higher than demand (as witnessed by frequent college closings), the opposite is true for internships. Last year, 8.2 million college students sought an internship, but only 3.6 million were successful in obtaining one. And there's evidence the gap is growing with internship postings down 17.5% last year. Internships at top employers are now far scarcer and potentially even more valuable than Ivy League degrees. For example, Goldman Sachs recently reported receiving 360,000 applications for 2,600 internship positions – an acceptance rate of .7%. In comparison, Harvard University had 47,893 applications last year for 2,003 spots – an acceptance rate of 4.2%. An internship at Goldman Sachs is 6 times more competitive than getting accepted at Harvard. And it's not just Goldman. At L' Show less Read more
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