What are some mind-blowing facts about Goldman Sachs?

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From Quora, the OP asked the following question:

What are some mind-blowing facts about Goldman Sachs?

Anonymous posted the following answer:

  1. The average employee compensation (salary + bonus) was $399,506 in 2012.

  2. Revenue per employee was $1.29m in 2012.

  3. Their top energy analyst predicted that oil would surge to $200 a barrel in 2008. He made the call in May when oil was trading at $105. It crashed to $30 a barrel four months later.

  4. Goldman only generates 14.4% of its revenue from investment banking. The bulk, 53%, is from sales & trading.

  5. Unlike their rivals, Goldman's equity research analysts never, ever go on TV to discuss their opinions.

  6. 60% of their top executives are Jews, who only account for 2% of the US population. This is reportedly the highest ratio among peers.

  7. The average employee tenure in 2011 was 5.5yrs, up from 5.0yrs in 2008 and 4.5yrs in 2001.

  8. The average tenure for executive officers is 22yrs.

  9. Each employee receives on average 25hrs of training per year.

  10. In 2010 and 2011, Goldman received 300,000 applications for full-time positions. 4% were given offers.

  11. Of the applicants who receive offers, 9/10 accept.

  12. It only had 21,000 individual high-net-worth clients in 2011.

  13. By market value, Goldman is only 37% the size of JP Morgan.

  14. It uses 1m computing hours per day for risk management calculations.

  15. Red flags raised by two young analysts prior to the '08 crash arguably saved the entire firm.

  16. Of the $550m fine it paid to the SEC in acknowledging that it misled investors for a particular subprime product, only $250m went to harmed investors. The rest was pocketed by the US Treasury.

  17. Sidney Weinberg, who started off as a janitor's assistant, went on to become the CEO and led the firm for 39yrs.
  18. It hired a summer intern (into its Investment Management unit) who thought that Portgual is next to Mexico City. She didn't get a return offer.

Sources: anecdotal, recollection from interviews, conference presentations, sell-side reports, etc.

Comments (2)

Jun 10, 2013
computerized:
  • Unlike their rivals, Goldman's equity research analysts never, ever go on TV to discuss their opinions.
  • Why is this?

    computerized:
  • Red flags raised by two young analysts prior to the '08 crash arguably saved the entire firm.
  • Is this where the idea for Margin Call came from?

    Jun 10, 2013