No One Took Eric Mindich's Crown - He's Still The Youngest Person Ever To Be Named Goldman Partner (2024)
As of two days ago, Eric Mindich still holds the record of the youngest person ever to be named Partner at Goldman Sachs.
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Dhruv Piplani came close, he's 29, but Mindich was made Partner at 27.
And with his record, it's hard to believe that anyone will be able to take his crown.
Mindich, now 43, apparently interned at Goldman starting his Sophom*ore year at Harvard. He started at the firm as soon as he graduated in 1988, and by 1992, he was in charge of Goldman's risk arbitrage team, made up of 25 traders.
Piplani, by the way,isan equity derivatives trader based out of Hong Kong. He began his career at UBS, where he played on the cricket team and was made executive director before transferring to Goldman. In 2008, he made Trader Monthly's list of best 30 traders under 30. He graduated from Texas A&M in 2008 with a degree in Chemical engineering. He's all the more reason why it'll be so hard to break Mindich's record.
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Mindich joined Goldman Sachs in 1988 in the Equities Arbitrage Department and led that team from 1992 until 2000. At age twenty-seven, he became the youngest partner in the history of Goldman Sachs.
Goldman has a history of promoting young traders to managing director. Kunal Shah, who was bumped up to partner last year, was 27 when he made MD. Dan Avery, an index trader in London, has just been promoted at the tender age of 28.
The youngest investment banker is John Wang Clow (b. 23 May 1994, USA) who passed the Investment Banking Examination (Series 79) administered by The Financial Industry Regulatory Authority (FINRA) on 5 August 2011 and became a licensed investment banker on 8 August 2011, aged 17 years 77 days.
Feb 16 (Reuters) - Goldman Sachs (GS. N) , opens new tab CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday.
Total salary range for Goldman Sachs Managing Director
The estimated total pay range for a Managing Director at Goldman Sachs is $457K–$814K per year, which includes base salary and additional pay. The average Managing Director base salary at Goldman Sachs is $310K per year.
Balamurali Ambati holds the Guinness World Record for being the world's youngest doctor. Born in 1977 in India, he began his medical studies at New York University's School of Medicine at 14. Driven by a passion for medicine, Ambati completed his doctorate in 1995, becoming a licensed physician at an astonishing age.
Goldman Sachs partners are leaving — some 202 during David Solomon's five years as CEO by Insider's calculation. The venerable Wall Street firm says that the partner departures are part of a decades-old natural order: Partners retire, get bored, seek new opportunities, or are pressed to leave.
On October 16, 1986, Goldman Sachs named 37 new partners, the most ever in the firm's history. Among those named partner was Jeanette W.Loeb, the firm's first woman partner. Jeanette joined Goldman Sachs on a full-time basis in 1977 after receiving an MBA from Harvard Business School.
Kunal Shah was youngest Managing Director at Goldman Sachs (promoted at 27). According to some sources, he makes about $900k without bonus (bonus is where the real money is). Perhaps not the most of someone could make, but this probably comes close.
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