Goldman Sachs picks 95 partners for newest class

Goldman Sachs named 95 partners to its latest class announced Nov. 7.

The class has the largest number of diverse partners promoted in the firm’s history, according to a Goldman executive who spoke with reporters.

“Members of the partner class of 2024 have contributed meaningfully to our business and culture, including by delivering the full depth and breadth of the firm to our clients, operating and executing with excellence, and developing talented teams around the world,” said David Solomon, chairman and CEO, and John Waldron, president and chief operating officer, in a statement. “Importantly, the class reflects our growing global banking and markets, and asset and wealth management franchises.”

Twenty-six women were named partners, marking the largest number of women added to a partner class in firm history. Women made up 27% of partners named in the class.

Last year, Goldman Sachs agreed to pay $215 million to end a class-action lawsuit that alleged the firm was systematically underpaying women.

Goldman said this year’s class is 18% Asian, with three promotions in Japan.

This year’s class is 6% Hispanic, marking the largest number of Hispanic promotions and the largest proportion of Hispanic executives in a class in Goldman’s history.

Goldman noted an area that it continues to focus on improving is Black representation. This year’s class was 4% Black, down from 9% in 2022.

Partners are named every two years. In 2022, 80 were named.

The Goldman executive noted that average tenure in this year’s class is 16 years at the firm, and 42% of the class were campus hires and 29% were summer interns.

Goldman Sachs does not disclose the breakout of partners across its divisions or the overall size and makeup of its partnership.

Goldman Sachs had $3.1 trillion in assets under supervision as of Sept. 30, a record figure for the firm.