Insights from Goldman Sachs’ New Managing Directors
Curious about climbing the ranks at Goldman Sachs? Here’s some advice from those who’ve recently achieved the title of Managing Director.
Five newly appointed MDs for 2025 share their career wisdom following their promotions.
From banking to private wealth and research, these insights are invaluable.
Receiving the Call
Early morning calls delivered the exciting news. By 8:06 a.m., several employees learned they were among the 638 chosen from approximately 48,000 to become part of Goldman’s 2025 Managing Director class. This prestigious title places them just below the firm’s partners.
Bering Tsang, now an MD in healthcare mergers and acquisitions, recalls the moment Matt McClure, a global co-head of investment banking, informed him of his promotion. “I was momentarily speechless and simply said, ‘Thank you,'” Tsang shared. “His laughter broke the tension, and he asked if I was surprised. I replied, ‘I am grateful.'”
Climbing the Ladder
For Tsang and others who started as interns or early hires, this recognition is the culmination of years of dedication and hard work. Business Insider spoke with five members of the 2025 MD class to gather their top career advice. They emphasized the importance of being “mentorable,” maintaining a strong work ethic, and learning from mistakes.
Advice from the Top
These MDs, representing various sectors from asset management to private wealth, shared their insights. Their thoughts, organized alphabetically, are presented with minor edits for clarity.
Michael Brill
Leading Capital Formation in Asset and Wealth Management
“A mentor once told me: Smile, work diligently, and excel in your tasks. Opportunities will naturally arise. This advice has guided me, and I often share it with analysts and associates. Empowerment is crucial as you advance in your career and take charge of your role and team.”
Lizzie Dove
Senior Analyst in Gaming, Lodging, and Leisure
“As an analyst, I learned to obsess over details, improve everything I touch, and treat everyone like a client. This perspective has shaped my understanding of effective management and the challenges at various career stages. The dynamic nature of my sector keeps me engaged, and prioritizing tasks helps manage overwhelming situations.”
Joe Hall
Private Wealth Advisor
“Understanding the context of assignments is key to delivering impactful results. Transitioning to Goldman mid-career was humbling but reinforced the value of humility, hard work, and the responsibility we have to our clients.”
Jim Schneider
Senior Semiconductor Analyst
“Being proactive and motivated is essential, but helping others is equally important. My background in electrical engineering and humanities has been invaluable in navigating career transitions and bringing diverse perspectives to my work. Learning from both successful and unsuccessful stock calls has been crucial for growth.”
Bering Tsang
Investment Banker in Healthcare Mergers and Acquisitions
“My first public company deal was a defining moment, showcasing the impact of our work. Embrace responsibility, learn from mistakes, and approach each day with optimism. Goldman Sachs offers the chance to take ownership from the start, and being ‘mentorable’ is key to growth.”
