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Inside the elite engineer groups at Goldman Sachs and Morgan Stanley

Dec 26, 2024 - businessinsider.com
Distinguished engineers and technical fellows are elite technologists in banking, selected through rigorous processes to address complex technical challenges and influence firm-wide tech strategies. At Morgan Stanley, distinguished engineers represent the top 0.3% of technologists, while Goldman Sachs' technical fellows make up the top 3% of engineers. These roles, which do not come with automatic promotions or raises, involve significant responsibilities, such as contributing to enterprise-level solutions and mentoring the next generation of tech talent. The programs at these banks emphasize technical excellence, external contributions like patents and publications, and nurturing the broader technology community.

The concept of distinguished engineers and technical fellows is gaining traction beyond banking, with firms like Citadel Securities and BlackRock adopting similar programs. These technologists are increasingly recognized as vital to maintaining a competitive edge in the financial industry, traditionally dominated by rainmakers and traders. The programs at Goldman Sachs and Morgan Stanley highlight the importance of technical leadership in driving major business transformations, from cloud computing to AI, and underscore the growing influence of technologists in shaping the future of financial services.

Key takeaways:

  • Distinguished engineers and technical fellows are among the highest-level technologists in banking, selected through a rigorous process for their technical prowess and influence.
  • These technologists play a crucial role in shaping firm-wide tech strategies and solving complex technical problems, often working on enterprise-level issues.
  • Programs like those at Morgan Stanley and Goldman Sachs emphasize mentoring and external contributions, with candidates nominated by senior management or existing members.
  • The distinction is highly sought after, offering technologists a platform to influence major business transformations and showcase their technical expertise.
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