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Can someone explain the Investment Banking hierarchy?

I get that it goes like this

Analyst
Associate
VP
SVP (or executive director)
Managing Director

However, what is after Managing Director? Is there a managing director for each 'division'?

This image is supposed to be of Goldman Sachs new structure. Does that mean there is one MD for Debt Writing, one for Equity Writing, one for ICBC, one for Management Fees, etc etc. And that all those MD's report to the heads of their 'division'? So does that mean that the head MD of equity writing, financial advisory, underwriting, and debt writing all report to the MD of the entire Investment Banking division?

Also how is it structured for regional areas? For example Goldman Sachs has offices throughout the country and the world.

Id really like to know how it all comes together, from the analyst in SF to the analyst in NYC and who they report to depending on where they are in the bank.


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