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Goldman Sachs: Racial Diversity in the Leadership in 2021

  • In 2021, the representation of Asian employees at Goldman Sachs in the US was 25.1%
  • Black employees represented 2.9% and Hispanic & Latinx employees 4.5% at senior levels in Goldman Sachs’s US office in 2021
  • Goldman Sachs aims for Black professionals to represent 7% of the vice president population in the Americas and the UK, and for Hispanic & Latinx professionals to represent 9% of its vice president population in the Americas, both by 2025

Diversity, equity, and inclusivity (DEI) at the leadership level promote innovative thinking, a wider range of skill sets, and advanced company culture. It also contributes to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development. Active discussion of race in the workplace, revisiting the hiring process, investing in BAME employees’ career progression, and establishing a culture of mentoring are a few ways by which to enact change in racial diversity in the workplace.

There has also been increasing global awareness regarding the right to a dignified and respectful workplace irrespective of the sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace.

Globally, banks are reporting diversity and inclusivity to ensure that all genders and backgrounds have a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.

Goldman Sachs is a bank and financial holding company that offers a range of investment banking, commercial banking, securities, and investment management services. In 2021, the representation of Asian employees in the US Goldman Sachs office was 25.1%. Black & African American and Hispanic & Latinx employees represented 7.1% and 10.2% of the workforce, respectively.

In leadership roles (executives/ senior officials and managers) at Goldman Sachs’s US office, the representation of Asian employees was 15.2% in 2021. Black & African American employees represented 2.9% and Hispanic & Latinx employees represented 4.5% at senior levels in the US workforce in 2021.

Goldman Sachs aims for Black professionals to represent 7% of the vice president population in the Americas and the UK, and for Hispanic & Latinx professionals to represent 9% of its vice president population in the Americas by 2025.

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