David Solomon’s Post

🌟The question of whether Pakistan can achieve its quoted "potential" in the next 50 years is not just about optimism; it's about strategic planning, collaboration, and visionary leadership. As we ponder this question, it's essential to acknowledge the remarkable progress Pakistan has already made in various fields despite facing numerous challenges. From advancements in technology to strides in education and healthcare, Pakistan's journey towards realizing its potential is already underway. However, to ensure sustained growth and prosperity over the next five decades, several key factors must be considered: 1️⃣ Investment in Education and Innovation: Empowering the youth through quality education and fostering a culture of innovation will be crucial in driving Pakistan's future growth and competitiveness on the global stage. 2️⃣ Infrastructure Development: Modern infrastructure is the backbone of any thriving economy. Investments in transportation, energy, and digital infrastructure will pave the way for enhanced connectivity and economic development across the country. 3️⃣ Economic Diversification: By diversifying its economy and reducing dependency on a few sectors, Pakistan can mitigate risks and unlock new opportunities for sustainable growth. 4️⃣ Good Governance and Institutional Reforms: Strengthening institutions, promoting transparency, and ensuring the rule of law are essential for fostering an environment conducive to investment, entrepreneurship, and economic stability. 5️⃣ Harnessing Human Capital: Pakistan's greatest asset lies in its people. By prioritizing human development and creating opportunities for all segments of society, Pakistan can unleash the full potential of its workforce and drive inclusive growth. While the road ahead may present challenges, I firmly believe that with determination, innovation, and collective effort, Pakistan can indeed achieve its envisioned potential in the next 50 years. 💫What are your thoughts on Pakistan's potential? Share your insights in the comments below! 👇

Umar Saif Please read the full report to get an idea of what were the assumptions behind these projections. And then compare reality with assumptions to figure out why is the country trailing so badly. Also do a little maths and calculate GDP per capita and the picture will change. By the way Goldman Sachs had included Pakistan in the Next 11 emerging economies in one of its reports in 2005. This was after the success of their BRIC classification. The Next Eleven (or N-11) refers to the eleven countries namely Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea, Turkey, and Vietnam that were identified by Goldman Sachs investment bank as having a high potential of becoming the world's largest economies in the 21st century. The bank chose these countries with promising outlooks for investment and future growth on December 12, 2005. Based on Goldman Sachs’ criteria such as macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education. Although the 11 countries varied geographically and economically, they have common features that arebelieved to single out as their high economic potential. Results are in front of us after around 20 years. Sharing headlines without reading the actual contents is probably the way to cheer up a set of supporters but does not work with the majority of readers, who are now fully aware of the ground realities. On a positive note, we are aware of our potential and we will achieve it soon after we kick out the elements that have hindered the country’s growth and progress over the last 50 years. The actual report was published in December 2022 and the link to the report is given here. Please read it and especially the box on page 15 and then compare it to where Pakistan stands currently on those prerequisites for growth. #pakistan #globaleconomy #growth #emergingeconomies #next11 https://lnkd.in/dKFrNTtY

A quarter of Goldman Sachs employees hold the title of Vice President. While I think titles are somewhat overrated and can be meaningless in business, there are a few reasons for this, especially in the banking sector. These folks are usually tasked with selling investment products to clients. These clients need to believe that they are speaking with someone in a senior position. Hence, titles are assigned in this manner. A VP at the bank would probably not be anything more than a manager at a more conservative company.

Every email I get from Goldman Sachs, I burst into tears. The things I'm about to learn will create multiple shifts and I can't wait! I am my grandmother's and mother's manifestation. I am Black in Business ❤️ #goldmansachs #OMBW #onemillionblackwomen #womeninbusiness #ombwblackinbiz #blackinbusiness #detroitbusinesses #socialmediamanager #blackbusinessmonth #DigitalMarketingSolutions #WomenInSTEM

Year-end is a time for reflection. After twenty nine extraordinary years at Goldman Sachs, I’ve concluded that now is the right moment for me to bid farewell. Lately, I’ve been consumed by a feeling of merely going through the motions, which isn’t in my DNA nor what makes Goldman Sachs special. No formal plans for what comes next, which feels like the ultimate luxury after going full out for decades. Standing at a crossroads, sometimes you have to pause to acknowledge the chapters you’ve written.    Mine has been an unconventional GS career journey – changing roles, divisions, and geographies multiple times and then back again. I thrived given the variety of experiences on offer, but ultimately you reach a point where opportunities for change become more limited. As the pace of innovation accelerates at a mind blowing speed, there’s a strong pull to explore new adventures.    I am optimistic about the strategic direction of Goldman Sachs. For Global Banking & Markets, our market share gains, strengthened client franchise, and generation of the industry's highest return on equity is a source of collective pride. Returning to our rightful #1 position in Global Equities and an epic 20-year+ uninterrupted run as #1 Global M&A Advisor is a testament to our extraordinary talent and collaborative culture.    From Buffett to Beckham, I take with me countless memories engaging with iconic clients. It’s been the privilege of a lifetime working alongside exceptional colleagues who have inspired and supported me. Thank you David, John, Ashok, Dan, Marc, and Richard for the meaningful friendships. Each is unique and special. I’m most grateful to my wife, Jenn, and our three boys for allowing me the freedom to operate this intensely for so long.   Keep winning, as our results will always define us. I will bleed Goldman Sachs forever.     #mood: “There was a language in the world that everyone understood, a language the boy had used throughout the time that he was trying to improve things at the shop. It was the language of enthusiasm, of things accomplished with love and purpose, and as part of a search for something believed and desired. Tangier was no longer a strange city, and he felt that, just as he had conquered this place, he could conquer the world”.  — Paulo Coelho, The Alchemist

🚀 Just wrapped up the Goldman Sachs Virtual Insights Series, and what an incredible journey it has been! 🌟 Throughout this experience, I gained a deep dive into the world of finance, networking with professionals and peers alike. From insightful sessions on market trends to hands-on workshops in investment strategies, every moment was packed with learning and growth opportunities. Key Takeaways: Goldman Sachs: Understanding how Golman Sachs as a company work and various department and intiaives under it. Networking: Connecting with industry leaders and like-minded peers, sharing insights and experiences. Professional Growth: Enhancing my skills and knowledge, preparing myself for a future in the financial sector. A huge thank you to Goldman Sachs for this opportunity and to everyone who shared their wisdom and expertise. This series has truly been a catalyst for my professional development and has solidified my passion for finance. Looking forward to applying these insights in my journey ahead and continuing to grow in this dynamic field. 📈💼 #GoldmanSachs #VirtualInsightsSeries #Finance #Investment #ProfessionalGrowth #Networking #FutureLeaders

Exploring new possibilities and unlocking new opportunities has always been my cup of tea. Back in 8th grade, I stumbled upon Investment Banking, sparking my curiosity to learn more. Recently, I delved into this world by participating in JPMorgan’s virtual job simulation on the Forage platform. It provided invaluable insights into the dynamics of an investment banking team at JPMorgan. JPMorgan Chase & Co. J.P. Morgan Forage During the simulation, - Identified an ideal M&A target for a client, considering strategic and financial criteria. - Constructed a DCF model to determine the target's valuation, adjusting it for a competitor bid and supply chain disruption. - Crafted a comprehensive 2-pager for the client, encompassing a company profile and auction process summary. This experience equipped me with valuable expertise in #Companyanalysis, #presentation, #Modelling, #Clientcommunication, #DCF, #Mergers, and #Acquisition (M&A screening) in the realm of investment banking. #JPMorganChase #InvestmentBanking #Forage #NewOpportunities #SkillsDevelopment

🎉📈 Reflecting on milestones, it’s fascinating to think about how timing influences our career paths. Twenty-five years ago, Goldman Sachs made a monumental shift by going public on the NYSE, marking a historic day in their 155-year legacy. Interestingly, I joined Goldman Sachs in 2000, just a year after this pivotal event, narrowly missing the chance to be a part of that transformative Goldman IPO. 🕒🏦 🚀🌟 Fast forward to today, I am thrilled to be part of Bunchful Enterprise’s journey as we eye our own IPO within the next five years. We are committed to building something phenomenal, creating significant valuation by leveraging technology with an impressive speed to market. 💼📊 At Bunchful Enterprise, we are inspired by Goldman’s story, adopting a similar ethos of striving for excellence. This mindset permeates through every layer of our organization, from our dedicated employees to our supportive stakeholders and enthusiastic interns. 🌐🤝 🌍💡 As we look ahead, our goal is not just to replicate the success of giants like Goldman Sachs but to innovate and redefine what excellence looks like in our industry. Stay tuned and join us on this exciting journey! 🎊🔗 #BeBunchful #BunchfulSDGs #GivingBack #SocialImpact #BunchfulAtlas #BunchfulEvents #BunchfulNews #NewYork #UNSDGs #Philanthropy #IPO #Innovation #Excellence #BunchfulJourney #Technology

Goldman Sachs

I am thrilled to announce that I have been selected from over 10,000 applicants to participate in 2024 Virtual Insight Series at Goldman Sachs! After the Market Madness, This would be my second venture with Goldman Sachs and I can't wait to go through it! Let's go :D #investmentbanking #goldmansachs #assetmanagement #networking #virtualinsightseries #finance #professionaldevelopment #investmentbanks #financialindustry