Goldman Sachs Hosts New Directions: The Next Step in Your Career

NEW YORK, November 14, 2007 -- The Goldman Sachs Group, Inc. (NYSE: GS) hosted its fourth New Directions: The Next Step in Your Career for women on Monday, November 12 th at its New York headquarters. There were over 100 attendees at the event which provided guidance and coaching for women who have "off-ramped" and are looking to make a successful transition back into the workforce. The speakers and panelists gave advice on preparing a career strategy and brought them up to speed on changes in the industry while they were out. The event gave the attendees an opportunity to network with other women who had off-ramped as well as meet with Goldman Sachs managers.


Monica McGrath, founder and CEO of Resource for Leadership, Inc and an adjunct professor at the Wharton School was the day's keynote speaker. "I congratulate Goldman Sachs for its New Directions program. This initiative is important and a great segue for women who are considering returning to work after being absent for a period of time." McGrath continues, "Today's program allowed women an opportunity to ask questions and address concerns and build a plan of action for re-entering the workforce."

In May 2006, Goldman Sachs launched its first New Directions event in New York. The Office of Global Leadership and Diversity along with Experienced Hired Recruiting at the firm worked together to put the program in place. It's designed to reach a talent pool of women who are skillful and experienced but seeking guidance and coaching on how to make a successful transition back into the industry. Due to the positive feedback from the first event, the firm held another event in November 2006, followed by one in London in early 2007.

"Each of our events is targeted to an audience based on feedback. For this event, we wanted to create a workshop or resource environment for women who are at the very beginning stages of "on-ramping," said Gail Fierstein, Managing Director at Goldman Sachs. "These are the women who are ready to return to work, but still need guidance on how to prepare, what steps to take and what resources are available to them. At Goldman Sachs we have women here who were in their shoes, who are happy to share their stories to help others get back on track."

Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

# # #