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Goldman Sachs Hierarchy

Hey,

I’m trying to get a better understanding of the hierarchy at Goldman Sachs, specifically in the investment banking division. From what I know, the typical structure from bottom to top is:

  1. Analyst
  2. Associate
  3. Vice President (VP)
  4. Executive Director (ED) / Senior Vice President (SVP)
  5. Managing Director (MD)

Am I missing anything?

Also, I’ve seen titles like “Junior Associate” or “Senior Analyst” in some places—are these just variations of the standard roles, or do they actually mean something different within the hierarchy?

Would appreciate any insights!

Thanks!

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Top answer
Natalie
Coach
on Feb 20, 2025
Ex-Investment Banker | Former Deloitte & Grant Thornton | Coaching Finance Candidates to Ace Interviews & Land Top Roles

Hey there, 

you’ve got the structure mostly right. At Goldman Sachs, the typical path is Analyst → Associate → VP → ED/SVP → MD, with Partner being the top tier.

“Junior Associate” and “Senior Analyst” aren’t official titles there, just informal ways to signal experience within a level. Some firms have extra layers, but at GS, it’s pretty standardized. 

I hope that helped and let me know if you have further questions. 

Binika
Coach
on Jun 21, 2025
9+ years in Finance, Consulting and Strategy, Corporate Development|Accenture| Coach Finance Candidates to Ace Interview

Hey!

Your understanding of the Goldman Sachs investment banking hierarchy is largely accurate. The typical progression starts with Analyst, then Associate, followed by Vice President, Executive Director or Senior Vice President, and finally Managing Director. Each level comes with increasing responsibility, from supporting deal execution and analysis at the Analyst level to leading client relationships and deal teams as a Managing Director.

Titles like “Junior Associate” or “Senior Analyst” often reflect variations in experience within those roles rather than separate formal ranks. For example, a Senior Analyst might be someone in their third year of the Analyst program, preparing to move up to Associate. Similarly, a Junior Associate could be a newer Associate still gaining experience. These distinctions help firms manage expectations and career development, but they don’t usually represent major shifts in hierarchy. Focusing on the core structure you outlined is a solid foundation for understanding the team dynamics at Goldman Sachs.

Anonymous B
on Feb 18, 2025

Your hierarchy is mostly correct. At Goldman Sachs, the official structure generally follows what you listed, but above Managing Director (MD), there’s also the Partner level, which represents the firm’s top leadership. As for "Junior Associate" or "Senior Analyst," these aren’t official ranks but are sometimes used to indicate experience level within a role.

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