Goldman Sachs expects AI to reshape entry-level work, but CEO David Solomon says the future still includes thousands of young professionals.

WHAT’S HAPPENING

Goldman Sachs CEO David Solomon says the bank will continue hiring large numbers of recent graduates, even as artificial intelligence changes how work gets done.

Speaking on Bloomberg’s Odd Lots podcast, Solomon said AI could lead to a modest decline in graduate hiring over the next three years, but not a dramatic one. Goldman expects to bring on approximately 2,400 to 2,500 interns this year and plans to hire a similar number of full-time employees beginning in July.

While those figures are below the more than 3,000 hires made in 2021, they remain close to pre-pandemic levels.

WHY IT MATTERS

The narrative around AI and jobs is becoming more nuanced.

Rather than replacing entire generations of workers overnight, some companies are signaling that AI may simply change the size, skills, and structure of entry-level recruiting.

Goldman’s message differs from more dire predictions: AI may reduce certain tasks, but businesses still need people to learn, adapt, build relationships, and eventually become future leaders.

WHO BENEFITS

Recent Graduates With Technical Skills — Candidates combining finance, engineering, data, and AI literacy could stand out.

Goldman Sachs — Greater efficiency through AI while maintaining a pipeline of future talent.

Young Professionals Who Adapt — Those willing to learn new tools and continuously reskill may find new opportunities.

Engineering Talent — Solomon noted the firm’s increasing focus on technical capabilities.

WHO LOSES

Candidates Relying On Traditional Skills Alone — Routine analytical and administrative tasks may increasingly be automated.

Entry-Level Roles Built Around Repetitive Work — The apprenticeship model of learning through manual tasks is evolving.

Workers Resistant To Change — The pace of technological adaptation continues to accelerate.

WHAT HAPPENS NEXT

Financial institutions are likely to rethink how they develop young talent.

As AI handles more routine work, companies may redesign training programs to emphasize critical thinking, judgment, communication, and relationship-building rather than repetition and process memorization.

The question may no longer be whether graduates will find jobs—but whether they possess the skills employers need in an AI-enabled workplace.

The Bottom Line: Goldman Sachs isn’t abandoning young talent. Instead, it is signaling a future where fewer routine tasks, stronger AI literacy, and more human judgment shape the next generation of careers.