The heat is on at Goldman Sachs.
The New York Post reports that hundreds of mid-level bankers at the gold-plated Wall Street firm will be sweating out the next few days, wondering if they will make the cut next week and be named a managing director.
The promotion, one step below becoming a partner, is worth millions of dollars of added income over several years.
But not getting named a managing director, or MD, could spell the end of a promising Goldman career.
It’s one of the more excruciatingly tense weeks at Goldman - and this year the pressure is ratcheted higher than ever because it is the last annual set of MD promotions.
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