Discover your dream Career
For Recruiters

Goldman Sachs hired Rupert Murdoch's daughters as interns for 2024

You have to be pretty special to get an internship at Goldman Sachs: the acceptance rate there is less than 1.5%. If you didn't manage to get an internship for 2024, you can therefore take comfort in the fact that you're not alone, but you might also lament the fact that your father is not a billionaire newspaper mogul.

Get Morning Coffee  in your inbox. Sign up here.

Goldman Sachs' 2024 intern class will contain Grace and Chloe Murdoch, Rupert Murdoch's two daughters with Wendi Deng.  Chloe is joining as a summer analyst in the technology media and telecoms (TMT) investment banking team in New York; Grace is joining as a summer analyst in the consumer retail investment banking team, also in New York.

Goldman Sachs declined to comment on the two incoming interns, who are aged circa 20 and 22. Grace is studying history at Yale; Chloe is studying at Stanford. In an article last year, the South China Morning Post said they have spent much of their time "shuttling between family mansions across Los Angeles, Beverly Hills and Arizona," but that apart from that their lives are also comparatively "normal."

What was it that attracted Goldman Sachs to two 20-something students whose billionaire father is one of the richest men in the world? Stung by China-related nepotism claims ten years ago, most banks now operate rigorous screening processes for students, and Goldman Sachs is no different. Grace and Chloe's allure may also be down to the fact that they speak Mandarin and have respectively completed internships at the Wall Street Journal and a Venture Capital firm, and a blockchain start-up. 

Writing on Wall Street Oasis, students are nonetheless peeved at being passed over, although some noted that it makes business sense given that Murdoch paid around $105m in fees to Goldman Sachs when it sold $71bn in assets to Disney five years ago.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance.

Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email editortips@efinancialcareers.com. Signal also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Amer Mughawish on Unsplash

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Mason Blake
Global Equity Analyst
Mason Blake
London, United Kingdom
Mondrian Alpha Recruitment Solutions
Middle Office Analyst – Major Hedge Fund – up to 100k base + 50%+ bonus potential
Mondrian Alpha Recruitment Solutions
London, United Kingdom
Bruin
Regulatory Project Manager
Bruin
London, United Kingdom
Paritas Recruitment - Data & Tech
Quantitative Researcher (Systematic Fund)
Paritas Recruitment - Data & Tech
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.