Goldman Sachs announces new partner class for 2020 - Business Insider

for 2020 on Thursday afternoon, awarding partner status to 60 new individuals worldwide. Seven out of the 19 new partners in the investment banking division came from the TMT group, representing a big year for executives in that sector.

Overall, the new partner class is composed of 27% women, 17% Asian partners, 7% Black partners, and 5% Latinx partners, according to Goldman. In total, Goldman says, 47%, or nearly half of the class, falls into diverse categories. Factoring in the 60 new partners, Goldman's total partner pool is now composed of 18% women, but certain categories — for instance, Black partners , Latinx partners , and LGBTQ+ partners — all continue to make up fewer than one in 20 of the class.

Meanwhile, for those who received partnership, the perks are noteworthy: Goldman Sachs partners earn a base pay of approximately $950,000, and includes access to a bonus pool just for the partners to tap into.Goldman's new class comes on the heels of a growing number of departures since the firm's current CEO David Solomon assumed the post from Lloyd Blankfein, his predecessor, in 2018.

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