Faculty News
Professor Roy Smith looks at human resource management at Goldman Sachs
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Excerpt from eFinancialCareers -- "Roy Smith, a former Goldman MD and partner turned professor at the Leonard Stern School of Business, says there are around 2,000 MDs at Goldman out of 34,000 employees and they’re not all promoted as revenue generators. 'They are selected based on the contribution they make to the firm, which includes their contribution to profits, but also client relations, internal cooperation and teamwork, managerial activity and other qualities such as integrity, loyalty etc,' says Smith. 'They are subject to extensive 360 degree evaluation and checkings with seniors, contemporaries and subordinates. The effort, of course, is to select the best of the eligible year groups.'"
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