Goldman staff said sweating on promotions

Pot Of Gold

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.

Hit the link below to access the complete New York Post article:

Goldman staff flustered over make-or-break promotions

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