How much money do you have to have to work with Goldman Sachs?
Asked by: Teresa Herzog | Last update: November 9, 2025Score: 4.8/5 (66 votes)
Goldman Sachs Client Types and Minimum Account Sizes Goldman Sachs typically requires clients to have at least $10 million in assets with the firm.
How much money do you need to join Goldman Sachs?
To open an account with PWM, clients must generally have a minimum of $10 million in investable assets. Our target client base includes high-net-worth families and their family entities as well as certain institutional accounts.
How much do you need to be a Goldman Sachs client?
Goldman Sachs Private Wealth Management does not cater to individuals and organizations that are not high net worth. Clients must have at least USD$10 million to invest in order to qualify for the firm's services.
Is it hard to get hired at Goldman Sachs?
If you want to work for Goldman Sachs you will definitely have to stand out. The bank as a whole has an acceptance rate for job applicants of around 0.33%. Its internships have an acceptance rate of 0.8% - 315,000 people applied to just 2,500 or so roles.
How much money do you need to be a private wealth client?
Many wealth management firms tend to work with high-net-worth clients who have at least $250,000 to $500,000 in assets and higher. However, other firms are more flexible and may work with individuals with fewer assets under management.
Should you join McKinsey or an AI startup?
At what net worth do I need a wealth manager?
Once you have $1M or more in investable assets, the benefits of working with a wealth management team are often well worth the cost. A wealth management team will help you with tax planning, investment management, estate planning, and retirement planning.
How much money do you need for JP Morgan Private Bank?
JP Morgan private bank minimum requirement is $10 million. Chase private bank minimum requirement is an average beginning day balance of $150,000 or more.
What GPA do you need for Goldman Sachs?
What is a Good GPA for Goldman Sachs? A good GPA for Goldman Sachs is typically 3.5 or higher on a 4.0 GPA scale. This benchmark is considered competitive and helps candidates stand out during the initial screening process.
Is it harder to get into Harvard or Goldman Sachs?
According to figures posted by Goldman Sachs, the company received a record 315,126 applications for its 2024 internship program. Only some 2,600 interns were hired. That's a hire rate of 0.9%. To put that into context, it's easier to land a coveted spot at Harvard University, where the acceptance rate is 3.6%.
Does Goldman Sachs pay well?
The average Goldman Sachs salary ranges from approximately $48,635 per year for Specialist to $192,819 per year for Solutions Manager. The average Goldman Sachs monthly salary ranges from approximately $5,692 per month for Executive Assistant to $25,719 per month for Sales Executive.
Who are the highest paid people at Goldman?
Compensation for top executives had fallen in 2022 after a sharp decline in dealmaking and losses on consumer banking. The compensation for Goldman's top directors also went up in 2023. The highest paid was Peter Oppenheimer, who received $565,683 in 2023, compared with $515,461 in 2022, the statement said.
What is the minimum balance for wealth management?
Any minimums in terms of investable assets, net worth or other metrics will be set by individual wealth managers and their firms. That said, a minimum of $2 million to $5 million in assets is the range where it makes sense to consider the services of a wealth management firm.
Do billionaires use Goldman Sachs?
So, what banks do billionaires use? Some of the most popular banks for billionaires and millionaires include Goldman Sachs, Bank of America Private Bank, JPMorgan, Citi Private Bank, and Chase Private Client.
How much do Goldman Sachs first years make?
The estimated total pay range for a First Year Analyst at Goldman Sachs is $93K–$149K per year, which includes base salary and additional pay. The average First Year Analyst base salary at Goldman Sachs is $106K per year.
Is Goldman Sachs worth joining?
Goldman Sachs is rated 3.6 out of 5 stars on AmbitionBox, based on 1.2k company reviews. This rating reflects an average employee experience, indicating moderate satisfaction with the company's work culture, benefits, and career growth opportunities.
What is the minimum net worth for Goldman Sachs?
Goldman Sachs Client Types and Minimum Account Sizes
Goldman Sachs typically requires clients to have at least $10 million in assets with the firm.
Does Goldman Sachs only hires Ivy?
Goldman Sachs, the investment bank, has started interviewing entry-level candidates from hundreds more institutions after shifting to doing first-round interviews virtually.
Was Goldman Sachs CEO rejected?
Goldman Sachs' CEO was rejected twice by the firm. He's since led it to over $50 billion in revenue. Solomon knows how exclusive his bank is; it took him three tries to get hired.
What is the hardest major in Harvard?
1. Physics: Known for being a challenging major in any university, at Harvard the program goes even more in-depth. There's a strong emphasis on fundamental laws and substantial math and computational work, which can be quite rigorous.
What are the odds of getting hired at Goldman Sachs?
Goldman Sachs is the premier investment bank in the world. With an acceptance rate of roughly 4%, it's harder to get into Goldman than it is to get into Harvard or Yale.
What colleges does Goldman hire from?
- University of Pennsylvania (especially the Wharton School)
- Harvard University.
- Stanford University.
- Columbia University.
- Princeton University.
- Yale University.
- University of Chicago.
- MIT.
What GPA does JP Morgan want?
Candidates must demonstrate academic strength – a minimum 3.2 GPA for juniors and a minimum 3.5 GPA for freshmen and sophomores, strong teamwork, communication skills and a high energy level.
What is considered high net worth for J.P. Morgan?
JP Morgan
J.P. Morgan's Private Bank caters to ultra-high net worth individuals and families with a minimum of $10 million in investable assets.
How much money to hold in cash?
As you discuss your plan with your financial professional, the discussion should include the most effective ways to manage cash. A widely accepted approach is to maintain a cash reserve that's at least the equivalent of six months of income.
How much money do you need for Morgan Stanley private bank?
You don't need a minimum deposit to open an account and like at most online banks, you won't pay a monthly maintenance fee. There's no minimum deposit requirement. Morgan Stanley Private Bank offers enhanced FDIC coverage.