"The calls came in one by one. 7:45 a.m. for one, 8:06 a.m. for another. The conversations were brief, but the message was the same. Each recipient had been selected as a member of Goldman's 2025 class of new managing directors, comprising 638 out of the firm's roughly 48,000 employees. The MD title puts them just one rung beneath its powerful cadre of partners."
"Bering Tsang, a newly promoted MD in healthcare mergers and acquisitions, recalled when Matt McClure, one of the firm's three global co-heads of investment banking, called him on Thursday morning to break the news. "I froze for a second and said, 'Thank you,'" Tsang told Business Insider. "Something about the way I said it made him laugh, and he asked, 'Are you surprised?' to which I replied, 'I am grateful.'""
"Business Insider asked five members of the 2025 class of MD to share their best career advice and reflect on insights and experiences that helped them reach this point. They talked about making yourself "mentorable," exuding a strong work ethic, as well as triaging mistakes and growing from them. These MDs sit across the global bank, from asset and wealth management to global investment research to mergers and acquisitions and private wealth."
Goldman Sachs promoted 638 employees to managing director in 2025, from a workforce of roughly 48,000. Recipients received early-morning calls and include professionals who rose from campus programs and long-tenure roles. The promoted MDs represent businesses across asset and wealth management, global investment research, mergers and acquisitions, and private wealth. Common career advice focused on making oneself mentorable, demonstrating a strong work ethic, triaging mistakes, and learning from them. Several emphasized gratitude and perspective during the promotion moment. The MD title sits one rung below partner and reflects years of progression and cross-business experience.
Read at Business Insider
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