Goldman Sachs ($GS) recently announced it would institute the "Rooney Rule", which requires that two diverse candidates be interviewed for all open jobs in an effort to reach employee diversity targets. The hiring policy, named after the NFL's rule of the same name, requires teams to interview a minority candidate for head coaching jobs. In this case, Goldman says that half of all new analysts and entry-level associates must be female along with other targets for blacks and Latinos.
But those Goldman Sachs jobs are becoming more scarce in general, and the majority of job openings at Goldman are for Engineering jobs — not analysts.
Goldman, which had 1,580 job openings listed on its careers site on January 1, 2019, now has 1,080 openings listed. That's a significant 32% slowdown in hiring.
Of the just-over 1,000 openings Goldman Sachs has listed today, the vast majority are for engineering positions.
|
Category |
Title (Count) |
|---|---|
|
Engineering |
465 |
|
Consumer and Investment Management Division |
153 |
|
Securities |
123 |
|
Operations |
76 |
|
Finance |
47 |
|
Compliance |
47 |
|
Internal Audit |
41 |
|
Investment Banking Division |
24 |
|
Risk |
22 |
|
Human Capital Management |
18 |
|
Global Investment Research |
18 |
|
Executive Office |
12 |
|
Legal |
12 |
|
Consumer and Commercial Banking Division |
6 |
|
Realty Management Division |
6 |
|
Merchant Banking Division |
5 |
|
Services |
5 |
The particular categories that Goldman reportedly needs the largest shift in diversity, however, is senior bankers, among whom, reportedly, 80% are white, 22% are female, 2.9% are black, and 4.3% are Latino.
Goldman CEO David Solomon is optimistic on the company's diversity goals. "We have access to an incredible talent pool and believe they can be achieved,” he said in a memo. “We are also exploring new ways to increase representation of the LGBT, disabled and veterans communities.”
