Goldman Sachs Student Challenge
The 2014 Goldman Sachs Student Challenge provides students registered at universities in England, and due to graduate in 2017, with a unique opportunity to demonstrate their analytical, creative and strategic thinking by presenting innovative solutions in response to one of three real business challenges. Highlights from last year's challenge are presented in this video.
Each challenge has been set by a business that has participated in the Goldman Sachs 10,000 Small Businesses UK programme, providing the opportunity to positively impact the success of an established business. This programme is an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. Over 750 leaders of small businesses across the country have participated in the programme to date. The 10,000 Small Businesses programme is funded by Goldman Sachs and the Goldman Sachs Foundation.
The Goldman Sachs Student Challenge launches on 22 September 2014 and the deadline for submissions is 30 November 2014. Students from all degree disciplines and backgrounds are encouraged to enter.
Nine finalists will be invited to present their ideas at our London offices, and the top three will receive a place on the Goldman Sachs 2015 Spring Internship Programme in London. The prize for the overall winner of the Student Challenge will be one year of tuition fees to a university in England (up to a maximum of £9,000). The top thirty shortlisted applicants will also be invited to interview for our 2015 Spring Internship Programme.
HOW THE STUDENT CHALLENGE WORKS
Students are invited to respond to one of three business challenges outlined below. Submissions will be judged on the demonstration of the following;
- Analytical skills
- Strategic thinking
- Practical Implementation and Commercial Viability
Please submit no more than one A4 page outlining your ideas or, if you prefer, a one-minute video clip. There are three categories, one for each business challenge. The three finalists in each category will be invited to present their ideas directly to the 10,000 Small Businesses business owner and to Goldman Sachs representatives in January 2015. Before the finalists’ day, the shortlisted candidates for each challenge will be allocated a Goldman Sachs mentor to help them prepare for the day and presentation of their ideas.
Your ideas must be based on the challenges outlined in the information below, and under no circumstances should any entrant contact any employee of the businesses setting the challenge.
There will be one winner for each of the three categories, each of whom will receive an offer of a place on the Goldman Sachs 2015 Spring Internship Programme in London. The overall winner will be selected from the three finalists and will receive one year of tuition fees for a university in England, up to a maximum of £9,000.
WHO CAN ENTER
The Student Challenge is open to students who will graduate from their degree course in 2017 and who are currently registered and studying at a university in England through to the end of 2016. Students from all degree disciplines and backgrounds are encouraged to enter. Submissions must be made by individuals and not teams.
HOW TO ENTER
Students interested in applying for the Goldman Sachs Student Challenge should visit the application website. All entries must be submitted by 11.59pm GMT on Sunday 30 November, 2014.
Click here for a list of Frequently Asked Questions about the Goldman Sachs Student Challenge.
THE THREE BUSINESS CHALLENGES
The three business owners participating in the Student Challenge are offering students the opportunity to positively impact their businesses, by proposing innovative ways to help solve their business challenges.
- Company Overview: Micro Fresh positions itself as adding a marketing edge to many famous brands of clothing, footwear and homewear by integrating antibacterial protection into these products.
- Business Challenge: How can Micro-Fresh expand its successful business to business (B2B) model to the Business to Consumer (B2C) market, in particular clothing and homewear in the UK, Europe and US?
- Company Overview: Southerly is a creative content marketing specialist that helps its customers - typically larger corporates - leverage the power of content and social media strategy to maintain an ongoing connection with their customers and employees.
- Business Challenge: Which European corporates do you think would be most interested in this service, and how could they be made aware of it?
- Company Overview: Twinkl is a leading digital education publishing house, producing the world’s largest collection (over 140,000) of professionally produced primary teaching materials.
- Business Challenge: Which countries outside the UK and Australia should Twinkl target, why and what plan should be implemented to reach them?