Hello Reader Kabinetrakyat,

If you are a law student, you certainly have heard of Goldman Sachs, a multinational investment bank based in the United States. What you may not know is that Goldman Sachs offers a law internship program. Is it worth considering? We will discuss the pros and cons of this opportunity in this article. But before we dive into that, let’s have a brief introduction about the Goldman Sachs law internship program.

The Goldman Sachs Law Internship Program

The Goldman Sachs law internship program is available to law students, and it lasts for about ten weeks. During this period, interns are exposed to various aspects of legal work at Goldman Sachs, including attending meetings, reviewing contracts, conducting research, and drafting memoranda. Interns are assigned to one of the legal departments at the bank, where they work alongside experienced lawyers who mentor and train them.

Goldman Sachs describes its internship program as a ‘multidisciplinary experience’ that provides interns with an opportunity to work on various legal matters, including corporate governance, regulatory compliance, and litigation. It also claims that the program enables interns to develop valuable skills, such as analytical thinking, problem-solving, and stakeholder management.

Strengths of the Goldman Sachs Law Internship

1. Exposure to a Range of Legal Matters

As a Goldman Sachs law intern, you will have the chance to work on a broad range of legal issues, which can be useful in developing your skills and knowledge. You may gain insight into corporate finance, mergers and acquisitions, securities, regulatory compliance, and other legal areas.

2. Hands-on Experience

The internship program is designed to provide law students with hands-on experience working in a legal department, with a focus on practical skills development. You will be assigned tasks to complete, attend meetings, work on real projects, and even interact with clients, all under the guidance of experienced lawyers.

3. Mentoring and Networking Opportunities

You will have access to a mentor, who will guide you through the internship program. This mentor may be a more senior lawyer or manager who can provide you with valuable advice and support. You may also get the chance to network with other lawyers and professionals within and outside of Goldman Sachs, which can be useful in building your career.

4. A Chance to Work in a Prestigious Firm

Goldman Sachs is a highly regarded investment bank, and working there can be a good addition to your CV. Having this experience under your belt may be helpful in securing future employment or advancing your career, particularly if you want to work in the financial or corporate sectors.

Weaknesses of the Goldman Sachs Law Internship

1. Highly Competitive Selection Process

The Goldman Sachs law internship program is highly competitive, and the selection process is rigorous. Thousands of law students apply for a limited number of positions, so only the most qualified applicants are accepted. The fierce competition may be a deterrent for some potential candidates.

2. Long Working Hours

Working for Goldman Sachs is notorious for being demanding, and the legal department is no exception. Law interns may have to work long hours, including weekends, to meet deadlines or attend to urgent matters. This can be challenging, especially if you have other commitments or obligations.

3. Limited Exposure to Litigation

While Goldman Sachs insists that its law interns work on a variety of legal matters, some former interns have complained that they got insufficient exposure to litigation. If you are interested in pursuing a career in litigation, this may not be a good fit for you.

4. No Guaranteed Full-Time Employment

Completing the Goldman Sachs law internship program does not guarantee that you will be offered a full-time job at the bank. Like other internships, this is an opportunity to gain experience and learn more about the field, but there is no guarantee of a job placement.

FAQs about Goldman Sachs Law Internship

1. How much do Goldman Sachs law interns get paid?

The pay for Goldman Sachs law interns varies depending on the location, role, and experience. However, most interns receive a competitive salary that is above the industry average.

2. What is the application deadline for the Goldman Sachs law internship?

The application deadline for the Goldman Sachs law internship varies depending on the location and time of year. You can check the company’s website or contact the HR department for more information.

3. What is the duration of the Goldman Sachs law internship?

The Goldman Sachs law internship program lasts for about ten weeks during the summer.

4. What is the selection process for the Goldman Sachs law internship?

The selection process for the Goldman Sachs law internship is rigorous and highly competitive. Shortlisted candidates may be invited for one or more rounds of interviews before a final decision is made.

5. Can international students apply for the Goldman Sachs law internship?

Yes, international students are eligible to apply for the Goldman Sachs law internship, but they must be legally permitted to work in the country where the internship is offered.

6. Is the Goldman Sachs law internship only for law students?

Yes, the Goldman Sachs law internship program is specifically tailored for law students seeking to develop their legal and professional skills.

7. How competitive is the Goldman Sachs law internship?

The Goldman Sachs law internship program is highly competitive, and thousands of law students apply for a limited number of positions each year. Only the most qualified candidates are selected.

8. Do Goldman Sachs law interns receive training?

Yes, Goldman Sachs provides its law interns with training and development opportunities throughout the internship program.

9. What are the working hours for Goldman Sachs law interns?

The working hours for Goldman Sachs law interns vary depending on the department and schedule. However, law interns may have to work long hours, including weekends, to meet deadlines or attend to urgent matters.

10. Is there a dress code for Goldman Sachs law interns?

Yes, Goldman Sachs has a dress code that applies to all its employees and interns. Law interns are expected to dress formally and professionally at all times.

11. Can Goldman Sachs law interns work remotely?

Due to the nature of the legal work involved, Goldman Sachs law interns are expected to work on-site at the bank’s offices, and remote working arrangements are not permitted.

12. Are Goldman Sachs law interns required to sign a non-disclosure agreement?

Yes, Goldman Sachs law interns are bound by a non-disclosure agreement that prohibits them from sharing confidential or sensitive information about the bank’s clients or operations.

13. What are the career opportunities for former Goldman Sachs law interns?

Former Goldman Sachs law interns may have access to various career opportunities within and outside of the investment bank. They may also build a strong professional network that can be helpful in advancing their careers.

The Goldman Sachs Law Internship in Table Format

Conclusion

Considering the pros and cons of the Goldman Sachs law internship, it is a promising opportunity for law students seeking hands-on experience and exposure to various legal matters. However, only those who are willing to work hard, can handle long working hours, and are highly competitive should apply. If you are selected, the Goldman Sachs law internship program can open up avenues for your future legal career.

If you have any questions or comments, please do not hesitate to reach out to us. We look forward to hearing about your experiences with the Goldman Sachs law internship program.

Disclaimer: This article is based on research and personal opinions. The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the official policy or position of Goldman Sachs.

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