Goldman Sachs Hired 3% of 267,000 Job Applicants Last Year
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Goldman Sachs Group Inc. hired just 3 percent of more than 267,000 job applicants last year, as the firm told investors it’s still the top destination for bankers.
Almost 90 percent of those offered a position chose to join, Chief Executive Officer Lloyd C. Blankfein said Tuesday at an investor conference in Florida. Blankfein touted the firm’s simpler business model and higher profitability compared with rivals and said the bank has made progress even as return on equity remained at about 11 percent the past three years.