GS Bonsues?
Thoughts on GS bonuses for analysts/associates/VPs across top groups? Considering taking the A2A route by lateraling but wondering what's the bonus range
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Career Resources
Based on the most helpful WSO content, here’s a breakdown of Goldman Sachs bonuses across different levels:
Analysts:
Associates:
Vice Presidents (VPs):
If you're considering the Analyst-to-Associate (A2A) route, the bonus progression and total comp at GS are competitive, especially in top-performing groups. However, keep in mind that bonuses can vary significantly based on the bank's overall performance and your ranking within the group.
Sources: No More GS Discount - 2021 Bonuses, No More GS Discount - 2021 Bonuses, Life in Acquisitions (Analyst/Associate), Bonuses for Investment Banking 2017, London S&T Salary progression
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I'm hearing 100-300% TC
Wow getting really specific here
it's what I heard
Is there a difference between the groups? For e.g., TMT, FIG vs NRG, C&R?
Not even close to 100%. There’s a huge GS tax.
GS in general will pay slightly below market, however for top performers generally pays decently. Recently, senior associate year right before VP is when you typically might see your first 100% of base bonus if a top performer. Very senior VPs / MD1 level is when you typically break the $1mm TC mark if in a top IBD group, but obviously extremely competitive and a grind to reach that.
Would say the decision to go A2A shouldn’t really align with comp and more so career interests. To get to that senior level where you’re hitting seven figures a year you need to be interested in what you are doing to fuel your drive, and find seniors who want to mentor and invest in you. If you spend your weekends reading about markets and thinking about investing, go to a HF / PE seat. If you get excited about winning mandates and selling, stay in IBD. You’re in a great seat, and if you’ve happened to have found a strong senior advocate, that can take you far. You can still move to the buyside as a junior associate if you want
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