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Promotion to associate at Goldman Sachs

Hi everyone,

I know a lot of analysts leave after two years for PE or other buy-side roles, but I’m actually interested in the long-term path within investment banking. For those who’ve been at Goldman Sachs, how realistic is it to get promoted to associate directly from the analyst pool? Is it common for people to stay on, or is the expectation still that most will exit? I’d love to understand what the process looks like and how competitive it is to be kept on.

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