Nov 11, 2018
The year of the woman has yet to arrive at Goldman Sachs
The House of Representatives and the group of Goldman Sachs partners are more similar than you might think. Both are very difficult to get into; both are roughly the same size, in terms of number of individuals; and both are refreshed in the fall of even-numbered years.
By the numbers: This year, Goldman celebrated its 69 new partners with a press release extolling the fact that the percentage of women was the highest in Goldman's history. But the overall percentage of women among Goldman's partners barely budged, at 17%. (In the House, the percentage of women rose much more significantly, to 23%, which is still disappointingly low.)
- And, in the House, women constituted 40% of the incoming class, far above Goldman's 26%.
- Why it matters: Goldman knows it has a problem with under-representation of women. But the bank doesn't seem to be in any particular rush to fix that problem. Even its incoming entry-level analyst class isn't yet 50% female, and it won't reach that mark until 2021.