Goldman Sachs was flooded by 250,000 job applications from millennials
The investment bank told the Financial Times that it received more than 250,000 job applications for summer positions this year - which is 40% higher than 2012.
The vast majority of applications it received are likely from millennials - those aged 18-34 - due the number of applicants for summer jobs and new analyst positions.
Goldman revealed that 223,849 undergraduates applied for summer jobs and new analyst positions in 2016, up 46% from 2012. Meanwhile, 30,542 studying for or completing their MBAs applied for jobs on the next wrung of the ladder as associates, a 15% rise since four years ago.
However, Goldman did not give the FT application numbers for before the onset of the financial crisis of 2007/2008.
In the same report, other Wall Street titans gave some job application figures, although the numbers given were not as detailed as those of Goldman Sachs:
Bank of America Merrill Lynch - Only 3% of applicants for its investment banking division were offered a job.
Citigroup - Only 2.7% of job applicants for analysts and associate positions in its investment banking division got a job offer.
Deutsche Bank - Deutsche hired 9% more interns than a year ago after receiving a 14% increase in applications globally for its investment banking division.
JPMorgan - Only 2% of job applicants for its investment banking division would be offered a job. It received 40% more graduate applications for this unit than in 2014.
Morgan Stanley - It receives around 8,000 applications for just over 100 positions each year.
It is perhaps unsurprising why so many students have flooded Goldman with job applications. In November last year, a survey by Emolument, which collects data on pay, showed that Goldman Sachs was the number one bank students wanted to work for.