Core Insights - Goldman Sachs is set to promote 638 employees to managing director in 2024, marking the highest number since 2021, indicating a recovery in investment banking activities [1] - The proportion of women among the newly promoted managing directors has decreased to 27%, the lowest level since David Solomon became CEO in 2018 [1] Group 1 - Goldman Sachs will have 638 employees promoted to managing director in 2024, the highest since 2021 [1] - The decrease in the percentage of women promoted to managing director is noted, now at 27% [1] - This promotion trend reflects the bank's benefits from the recovery in investment banking business [1]