Goldman Sachs names 638 new managing directors | JQJO

Goldman Sachs named 638 new managing directors, a roughly 5% increase over 2023’s class of 608, in one of Wall Street’s most watched promotions. CEO David Solomon and President John Waldron praised the cohort’s client focus and scale, noting the choices were extremely difficult. More than 6,000 interviews fed the firm’s cross-ruffing vetting. Over 70% come from revenue-generating units amid stronger dealmaking and trading. Women comprise 27% (172), fewer than last year. The class averages 12 years’ tenure, with 56% in the Americas and the rest across EMEA, Asia-Pacific, and India.