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Goldman Sachs Promotes 638 Executives Amid Banking Resurgence

11/6/2025

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Summary

Story summary

Goldman Sachs promotes 638 executives to managing directors in 2025, the highest number since 2021.
The promotions reflect a resurgence in investment banking, with Goldman Sachs leading in mergers and acquisitions.
The promotions include 27% women, down from 2023.
Over 70% of the new MDs come from revenue-generating divisions.
The class demographics are 31% Asian, 3% Black, 4% Hispanic/Latinx, and 51% white, with an average tenure of 12 years.

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Story summary

Goldman Sachs promotes 638 executives to managing directors in 2025, the highest number since 2021.
The promotions reflect a resurgence in investment banking, with Goldman Sachs leading in mergers and acquisitions.
The promotions include 27% women, down from 2023.
Over 70% of the new MDs come from revenue-generating divisions.
The class demographics are 31% Asian, 3% Black, 4% Hispanic/Latinx, and 51% white, with an average tenure of 12 years.