Trending Content - Investment Banking Forum
| +197 | Americas M&A League Table Q2 Updated | 79 | 19m |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 38 | 20h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +101 | IB Net Worth / Savings Check | 47 | 8h |
| +90 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 10h |
| +75 | Stop sleeping on UBS - it’s pretty good | 24 | 14h |
| +51 | 2026 VAULT PRESTIGE RANKINGS | 29 | 1d |
| +39 | AI + Financial Modelling | 12 | 21h |
| +28 | Summer before college | 17 | 10h |
| +27 | Hardest interview experiences? | 16 | 19h |
Career Resources
Banks had a good year= big bonuses. Thats how it should be, it annoys me that the "main street masses" cannot understand that. the banks paid back TARP and if the shareholders are not in revolt over this, who cares about the public. Unless they need another bailout in the near future there shouldn't be a problem. I mean when Blankfein is doing God's work- who are the masses to question God himself?
You should also consider that a huge part of the business at the banks stems from the financial crisis for which the banks are partly to blame. I can understand that the overall public is unhappy when banks earned tons of money in recapitalizations which were required due to the economic downturn. Also look at the historically low interest rates. These rates where set to save the banks and the wider economy. And certainly the banks do benefit from them right now. What I am saying is that banking this year was not particularly well because the banks did such an extraordinary job but mostly because they benefited from the mess they partly created.
how did they calculate this:
Goldman Sachs is expected to pay its employees an average of about $595,000 apiece for 2009, one of the most profitable years in its 141-year history. Workers in the investment bank of JPMorgan Chase stand to collect about $463,000 on average.
and are the $595,000 and $463,000 all-in-comp numbers?
total compensation paid / # of employees
It's a useless number because it's extremely skewed by all the senior people making millions. And as far as I know, they convert everything (like stock) to dollars to make it seem extra outrageous.
Why do they convert stock into $? Seems like they'd want to make the # as low as possible for PR purposes
Yep. Back office got 5k. CEO gets 20 million. Average = 500k
wow, that's so stupid...
Exactly--the numbers reported in the media are radically sensationalized. Not a single analyst or associate is going to be getting 600k at Goldman. VPs/EDs/MDs/Partners will. They'll get 500k-25MM, but it's not going to be in cash. But middle-America morons like simple numbers. And the bigger the number, the more people will care. And the more people care, the more they're likely to read/watch the trash the media is espousing. What number would you use if you were a journalist?
It's a NY times article. These are newspapers you retard. The banks do not own NYT or WSJ or the media.
As little attention as possible should be paid to sensationalized rubbish numbers people like NYT churn out to sell newspapers...
Et corrupti voluptas assumenda ipsam neque quia aut magnam. Et est enim voluptatem praesentium est voluptas et. Ad consequatur doloremque dicta quia occaecati accusantium labore. Cum deserunt itaque odio excepturi deleniti quia. Ut voluptatem quisquam enim qui dolorum.
Nulla qui eaque ipsam quia. Excepturi autem repellat consequatur voluptatibus ipsa. Aliquam ducimus commodi aut sit.
Corporis neque qui occaecati at. Fugiat adipisci ut non et. Omnis placeat voluptatibus est saepe commodi eos.
Qui repellat sunt occaecati et harum cum qui eum. Omnis neque tenetur recusandae et. Sapiente eaque ut distinctio perferendis qui. Aut tempore possimus iusto quisquam. Quidem sed nihil totam non. Est ut sunt dolorem id nemo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...