Goldman Sachs Unveils 2025 Managing Directors: Complete List

Goldman Sachs has announced the promotion of 638 new managing directors for 2025. This year’s promotion reflects a 5% increase from 2023, which had 608 appointees. These appointments come as the firm’s deal-making activities continue to rebound post-pandemic.

Promotion Process

The managing directors are selected biennially, alternating with promotions to partner, which is a more prestigious title within the firm. The promotion to managing director represents a significant career milestone, being just below partner status. Executives David Solomon and John Waldron acknowledged the challenges in selecting candidates, which involves an extensive vetting process known as “cross-ruffing.” Over 6,000 interviews were conducted by existing partners and managing directors to select this year’s class.

Key Statistics from the 2025 MD Class

• Percentage of women promoted: 27% (172 women), down from 186 in 2023.
• Distribution of new MDs by region:
  • Americas: 56% (358 MDs)
  • Europe, the Middle East, and Africa: 25% (159 MDs)
  • Asia-Pacific: 12% (78 MDs)
  • India: 7% (43 MDs)
• Composition by ethnicity:
  • Asian: 31%
  • Black: 3%
  • Hispanic/Latinx: 4%
  • White: 51%
• 3% identify as members of the LGBTQ+ community and 1% are U.S. veterans.
• Average tenure at Goldman Sachs for new MDs: 12 years.
• 29% have worked in multiple divisions within the firm.

Impact on Demeanor and Performance

This class predominantly comes from revenue-generating divisions. Major business lines such as global banking and markets and asset and wealth management are well represented. The recent earnings report from Goldman Sachs indicates a favorable market, with gains in mergers advisory and equities trading.

Despite this progress, the bank has faced criticism for its gender advancement efforts. In recent remarks, CEO David Solomon acknowledged that the firm has work ahead in terms of hiring and promoting women within its ranks.

Goldman Sachs is committed to enhancing diversity within its leadership. The ongoing push for a more inclusive environment reinforces the importance of representation at all levels of the organization.

Conclusion

Goldman Sachs’s 2025 managing directors exemplify the firm’s dedication to both performance and diversity. As the company continues to navigate a recovering market, these newly appointed leaders are poised to drive future growth while tackling the challenges of an evolving financial landscape.