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.