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Goldman Sachs announced that they received over 360,000 applications for 2600 internship spots this summer.
This is a 0.7% acceptance rate, lower than getting into the top Ivy league universities.
Let this sink in for a minute!
If you apply to the most popular firms that are household brand names, you will have less than 1% chance to get in.
On the other hand, there are thousands of other quant firms of various size that you have never heard of. You increase your chance tenfolds just by searching and applying for those firms.
Just google them for a specific city and you will find a list somewhere.
This is a 0.7% acceptance rate, lower than getting into the top Ivy league universities.
Let this sink in for a minute!
If you apply to the most popular firms that are household brand names, you will have less than 1% chance to get in.
On the other hand, there are thousands of other quant firms of various size that you have never heard of. You increase your chance tenfolds just by searching and applying for those firms.
Just google them for a specific city and you will find a list somewhere.
