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Goldman Sachs Names 638 New Managing Directors, Its Largest Class Since 2021

The biennial round signals a focus on fee-generating businesses following a rebound in dealmaking.

Overview

  • The tally is roughly 5% higher than the 608-person class in 2023.
  • More than 70% of promotions came from revenue-producing units as Goldman led M&A league tables and beat third-quarter profit expectations, even as more than a dozen senior bankers departed earlier this year.
  • Women made up 27% of the class (172 people), the lowest share during David Solomon’s tenure, with other representation at 31% Asian, 3% Black, and 4% Hispanic/Latino.
  • Candidates were vetted through more than 6,000 peer interviews in Goldman's rigorous cross-ruffing process.
  • Geographically, 56% of new MDs are in the Americas, 25% in EMEA, 12% in Asia-Pacific, and 7% in India.