Huan Qiu Shi Bao·2025-06-05 22:52Group 1 - The competition for internships at major financial institutions like Goldman Sachs and JPMorgan Chase has intensified, with Goldman receiving over 315,000 applications for only 2,700 positions, resulting in an acceptance rate of just 0.9% [1][2] - The increase in applications is attributed to technological advancements that make it easier for students to discover and apply for internship opportunities, with users applying for an average of 66 positions this year, up from 54 last year [2] - Despite the demanding nature of the financial industry, internships remain a crucial pathway to full-time employment, with a 62% conversion rate from internships to full-time roles across industries, the lowest in five years [3] Group 2 - The traditional role of interns is evolving; while repetitive tasks are increasingly automated, internships are now seen as a means to identify and cultivate future leaders, focusing on skills like client insight and team management [3] - The high salaries for interns, reaching up to $125,000 annually, reflect the value placed on these positions as a primary recruitment channel for full-time roles [2] - The perception of difficulty in securing internships has been echoed by industry leaders, with statements indicating that gaining entry into firms like Blackstone is significantly more challenging than being accepted into prestigious universities [3]