Goldman will soon crown its next generation of managing directors. Here's an inside look at the promotions process.

Goldman Sachs' promotion season is underway, with October 29th marking the start of the process. Around 600 employees, or 1% of the staff, were promoted to managing director in the last round, highlighting the firm's next wave of leaders and buzzing business areas. The promotion process is both exciting and nerve-wracking, with vice presidents and executive directors vying for the MD title, which comes with a significant pay bump. While working in hot areas like AI banking can help, the firm also values impact in support functions. The confidential review process is discreet and grueling, with senior leaders making the final call. Not everyone makes the cut, but the culture at Goldman encourages keeping it classy and viewing it as part of the long game on Wall Street.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.