The Globalization of Goldman Sachs

The New York Post tells us today that 57%

of Goldman Sachs’s 299 new managing directors work outside the US. But how

does that compare to the present cohort? I asked Goldman if they could give

me the goegraphical breakdown of their managing directors overall, and they

did: this is the result.


As you can see, the US is the big loser here: it accounts for 59% of existing

MDs, but just 43% of new ones. The biggest gainer is Asia ex Japan (which is

probably overwhelmingly China).

One shouldn’t read too much into these numbers, of course: if Japan

got 2 new MDs rather than 3, its share would have gone down rather than up.

But the big picture is pretty clear.

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