Goldman Sachs announced its new class of managing directors, and millennials dominated the list

Goldman Sachs just announced a new class of 465 managing directors, and millennials made up nearly two-thirds of it.

The promotions, which are announced once every two years and among the most coveted on Wall Street, put recipients one step below partner at the prestigious investment-banking firm.

The 2019 class is smaller than the record-setting class of 509 in 2017 but larger than the class of 2015, which had 425 new MDs.

It’s also one of the youngest classes the bank has promoted — 62% are millennials, up from 44% in 2017 and 30% in 2015.

Other headline stats about the class:

  • 66% started their careers as analysts or associates at Goldman Sachs, equal with the share in 2017.
  • 29% are women, up from 24% in 2017.
  • 34% of them identified as an ethnic minority or LGBTQ: 26% are Asian, 4% are black, 2% are Hispanic/Latino, and 2% are LGBTQ.

Source: Business Insider

One Response
  1. November 18, 2019

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