Golden Days At Goldman Sachs - Summer Internship Experience

4 mins readUpdated on Dec 6, 2019 15:00 IST

I was not sure initially about what to look forward to and whom to approach to get my doubts cleared, but my colleagues at GS helped me a lot to understand the firm’s core values, its business principles, and culture at large. For me, the most important thing is to understand whether we are a perfect fit for the role and firm and if the firm is a good fit for you.

Life, a spicy mix of a joyful conundrum, throws up many opportunities to us. Not in isolation, but always partnered with challenges, risks, and enigmatic circumstances. It is up to an individual to decide whether he stands strong in stormy situations or bows down to the tribulations of life. I, as someone coming from an ordinary South Indian family, have nothing other than sheer passion, dedication, and commitment to pave my own way out of an unendingly competitive world.

No different from any other crow, I had come to IIM Ranchi with loads of hope that I would find a great place to live and learn, and what I got is more than my expectations. I started my preparation for SIP, spending more time on what the firms across businesses require and look for in a candidate and tried to build skills that were essential while brushing up the technical knowledge according to that. I believe that the companies, irrespective of their domains look for candidates with great communication skills, creative brains, and conviction in thought and action, rather than just technical knowledge and academic merit. After that acute systematic preparation, I feel happy that my journey, filled with adventurous leaps, hardships, learnings, and emotional crossroads, finally ended at a colourful destination after my first year.

I joined Goldman Sachs to work with the Global Investment Research Division. Day one was very special to me, as we were introduced to the firm, its policies and rich tradition of 150 years. I was suddenly feeling a great sense of pride in being associated with GS. I must say that the two months that I got to spend at GS were the best days of my life. I started my journey with curiosity and ended it with enormous satisfaction. People around me, who hailed from prestigious institutions from across the world, were one of the biggest sources of constant motivation to work harder and push my personal bars higher.

I was not sure initially about what to look forward to and whom to approach to get my doubts cleared, but my colleagues at GS helped me a lot to understand the firm’s core values, its business principles, and culture at large. For me, the most important thing is to understand whether we are a perfect fit for the role and firm and if the firm is a good fit for you.

After the first week at work, I was more focused on gaining more insight into the daily work and a deep dive into investment research broadly.

People complain that the work hours are long and stressful but for me, it was like being at home with your friends around, doing what you always dreamt of doing. I was fortunate to have a supportive team and extraordinary friends who were always approachable amidst their highly busy schedules.

The most important person through my tenure at GS was my mentor. He was the one who I could readily disturb for the silliest of doubts, and always received a positive response with a smile. The way he nurtured a stranger to Investment.

Research into one who could recommend an investment opinion about a company was worth highly appreciating. I was never treated like an intern, as I was a part of the team’s important decisions, discussions, and debates. Allowing a young guy like me to comment on the highly experienced views of research analysts gave me confidence that I too had a say, and made me more responsible thereby.

As days passed by, I was only getting more humble, yet proud; smart, yet silly; head held high in the sky, yet feet firm on the ground. Every day made me a better individual as I was learning something, not just finance, but also life at large. As a spectator of this journey of mine, I could understand that difficult roads are those that actually lead to beautiful destinations.

After a two month dream come true at GS, I look forward to my life at IIM Ranchi, optimistically and curiously, to make each day count not just to make my life better, but also to add to the feathers of this great institute.

About the Author:

K Subhash is a student of MBA at IIM Ranchi. A Gold Medalist, Subhash has published several research papers in the areas of finance and analytics in reputed journals with high impact factor with ISBN/ISSN. Besides academics, he is interested in rural skill development & education and he is also the President of a Hyderabad-based NGO.

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Answered 2 months ago

Indian Institute of Management Ranchi is one of the top Management institutes in India. As per the NIRF ranking, IIM Ranchi ranking has shown a fluctuating trend. IIM Ranchi was ranked 15 in 2022 and 24 in 2023. Candidates can refer to the table below to know more about the rankings:

Ranking Body

Category

Rank

NIRF 2025

Management

18

Outlook 2024

MBA- Government

7

IIRF 2024

MBA

15

NIRF 2024

Management

17

C

Chikat Marchang

Contributor-Level 10

Answered 2 months ago

A ranking trend of IIM Ranchi under the Management category by the National Institutional Ranking Framework created Ministry of Education,  Government of India is mentioned below:

Ranking Body

2021

2022

2023

2024

2025

NIRF

21

15

24

17

18

This ranking data is taken from the official NIRF website, interested students can check the official website to confirm

...Read more

C

Chikat Marchang

Contributor-Level 10

Answered 2 months ago

For obtaining IIM Ranchi admission, appear for the prescribed entrance tests. Visit the official website of the IIM Ranchi to learn more regarding the eligibility details for their preferred course choice. Accepted exams include IPMAT and CAT.

A

Ashwin Yadav

Contributor-Level 10

Answered 4 months ago

The domain-wise the highest, average and median package offered during IIM Ranchi placements 2025 is presented below:

Domains

the highest Package (2025)

Average Package (2025)

Median Package (2025)

Strategy and Consulting

INR 27 LPA

INR 20.49 LPA

INR 19.31 LPA

Finance

INR 39.69 LPA

INR 20.19 LPA

INR 17.64 LPA

IT Analytics

INR 27.94 LPA

INR 18.96 LPA

INR 18.37 LPA

Operations Management

INR 25.13 LPA

INR 18.67 LPA

INR 18.5 LPA

Sales & Marketing

INR 50.39 LPA

INR 19.07 LPA

INR 17.19 LPA

K

Krishnendu Chatterjee

Contributor-Level 10

Answered 4 months ago

The key highlights of IIM Ranchi placements 2025 for MBA, MBA BA and MBA HR programs are presented below:

Particulars

MBA Placement Statistics (2025)

MBA HR Placement Statistics (2025)

MBA BA Placement Statistics (2025)

the highest package

INR 50.39 LPA

INR 35.3 LPA

INR 27.94 LPA

Average package

INR 19.29 LPA

INR 19.02 LPA

INR 19.86 LPA

Median package

INR 17.64 LPA

INR 18 LPA

INR 18.11 LPA

Total recruiters

81

26

34

PPO Percentage

19.8%

30%

21.7%

S

Satyendra Rai

Contributor-Level 9

Answered 4 months ago

The course-wise average salary trend witnessed during IIM Ranchi placements over the past three years is presented below:

Course  

Average Package (2023)

Average Package (2024)

Average Package (2025)

MBA

INR 17.3 LPA

INR 18.69 LPA

INR 19.29 LPA

MBA HR

INR 16.3 LPA

INR 18.37 LPA

INR 19.02 LPA

MBA BA

INR 16.4 LPA

INR 19.13 LPA

INR 19.86 LPA

A

Aayush Singh

Contributor-Level 9

Answered 4 months ago

BFSI & Fintech sector emerged as the top recruiting sector during IIM Ranchi MBA placements 2025. The sector-wise placement distribution recorded during IIM Ranchi placements 2025 is presented below:

Sectors

MBA BA Placement Distribution (2025)

BFSI & Fintech

43.48%

Consulting & Professional Services

19.57%

E-Commerce & Tech

4.35%

FMCG

2.17%

IT & ITES

6.52%

Manufacturing

8.7%

Others

15.21%

Sectors

MBA Placement Distribution (2025)

BFSI & Fintech

37.06%

Manufacturing

12.18%

E-Commerce & Tech

9.64%

IT & ITES

8.63%

Consulting & Professional Services

6.6%

Automobile

6.09%

FMCG

5.58%

Others

14.22%

Sectors

MBA HR Placement Distribution (2025)

BFSI & Fintech

22%

Consulting & Professional Services

22%

Manufacturing

14%

Energy Oil & Gas

12%

Automobile

8%

FMCG

6%

Media & Entertainment

6%

Others

10%

 

S

Saakshi Malhotra

Contributor-Level 9

Answered 4 months ago

Find below the course-wise salary trends witnessed during IIM Ranchi over the past three years:

Course - highest package  

2023 (INR)

2024 (INR)

2025 (INR)

MBA

 67 LPA

 37.8 LPA

 50.39 LPA

MBA HR

 32.2 LPA

 33.97 LPA

 35.3 LPA

MBA BA

 22.3 LPA

 34.91 LPA

 27.94 LPA

Course - median package

2023

2024

2025

MBA

 16.5 LPA

 18 LPA

 17.64 LPA

MBA HR

 16 LPA

 18.22 LPA

 18 LPA

MBA BA

 16 LPA

 16.88 LPA

 18.11 LPA

Course - average package

2023

2024

2025

MBA

 17.3 LPA

 18.69 LPA

 19.29 LPA

MBA HR

 16.3 LPA

 18.37 LPA

 19.02 LPA

MBA BA

 16.4 LPA

 19.13 LPA

 19.86 LPA

 

N

Nishtha Sharma

Contributor-Level 9