What's up with GS paying ridiculously low bonuses? Heard from multiple people this year and last year that mid bucket was $15k - $25k for Analyst 2's. Seems like it's a new trend for them to dish out low bonuses
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It's Goldman, the bonus is the name.
shit bank
agreed goldman sachs is better
Ignore title. Don’t believe this is true.
Just shilling for no reason. 90% of the departing class just got robbed
100% just shill
Bonuses were pretty great at top groups, not sure what this post is
As in? Lmao heard people from TMT across NYC, SF and LDN that were not happy at all. Same for FIG and IND. So not sure what you are referring to
+1 - Very confused where people are getting the idea that bonuses were anything but insulting, must not work at GS
Do you work there? didnt think so
Yes im the CEO
I work at GS - this post is inaccurate (at least if you're talking classics IB bonus)
If you heard a 15-25k number, that means you're legit talking to the worst analysts in the group
Low comp nonetheless. Know an Analyst who got a $0 bonus . Also, know many people whose 2nd year bonus was lower than their first year. Kind of ridiculous to work at a top BB and have comp be so underwhelming. Just the truth. Wanted to highlight because it seems like a new trend from the firm
unpopular opinion but if you are truly bottom bucket $0 bonus isn't crazy
Top for classic coverage An1 in New York was 75k for what it’s worth
interesting this dude getting MSed p sure this is accurate
How was London?
Yeah I mean GS is cheap as shit. What did you expect
Goldman discount lol
Thank you GS for bridge financing my BoA bonus from last quarter!
This is nothing new. This is how Goldman has been paying employees for a long time. It was a partnership. If you wanted to be a partner one day it was about how much you contributed to the partnership. Cash comp is taking. Lower cash comp means you give more and are more profitable to the firm.
Now that it’s public it’s the same concept but with stock. Once you get senior enough to get compensated with stock then it’s really about reducing cash comp to employees (its a bank, it doesn’t like spending money) and then you get paid by a higher stock price and whatever dividends the company kicks out. If you want as high cash comp as possible go into sales and find a high commission role where you can actually make bank. that’s not really Goldman’s thing. People there get rich but it’s a long term play and these days mainly based on stock compensation.
Ask Lloyd Blankfein. He is literally on this forum. Effectively all of his pay seems to have come from stock awards. Last I heard it was like $500mm. Maybe he was quoted in the press as saying you can’t tell him he underpays his employees…
It’s Goldman. No one in common society is going to pity you because you weren’t paid enough. Grow up. Cheers
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