Comments (128)

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  • Intern in IB - Gen
1y

125 AN2... AN1 probably 110? 115?

GOD BLESS THE PAY, EXITS, AND NAME. I LOVE YOU DADDY SOLOMON.

Edit: according to Bloomberg, AN1 110 confirmed.

  • Intern in VC
1y

Do you not think that total comp will stay the same? Higher base but lower bonus? Oldest trick in the book.

  • Intern in IB - Gen
1y

Yeah. Tons of people have brought this up so just keep reading. But I think the consensus is that it's still preferred because 1) many people prefer the fixed guarantee rather than it being variable based on if the M&A markets were hot that year and 2) I believe that base is taxed at a lower rate than your bonus is so overall you may be saving more of that same TC.

Edit: I stand corrected on point #2 based on the comments below. Point #1 still stands.

1y
19GM03, what's your opinion? Comment below:

Please help me summon our almighty Emperor Mr. Handler. Don't make me slide in Skylar's DMs

1y
financefun, what's your opinion? Comment below:

https://www.bloomberg.com/news/articles/2021-08-02/goldman-sachs-bumps-junior-banker-pay-aligning-with-rivals#:~:text=Goldman%20Sachs%20Raises%20Junior%20Banker%20Pay%2C%20Aligning%20With%20Rivals&text=First%2Dyear%20analysts%20at%20Goldman,identified%20discussing%20a%20private%20matter.

  • Research Analyst in AM - FI
1y

Really no point in jumping straight to buyside now huh.. same pay, same hours, but "more interesting work". Suddenly IB at Goldman is the most intellectually stimulating place to work for me. 

  • Associate 1 in PE - Other
1y

Man this is already a massive 20k improvement for AN1 vs last year, or even worse, 70k was median total comp for AN1 at GS last year - think about that and how much we were screwed just one year ago. Be happy about it and move to the buyside as quickly as possible - you will get paid in USD there.

1y
aaltyu, what's your opinion? Comment below:

Before today, London A1 = £50k base, or $69k vs $85k NYC (i.e. 19% discount)

As of today, London A1 = £70k base, or $97k vs $110k NYC (i.e. a 12% discount)

The 'gap' between NYC and London has shrunk to a pretty negligible level now. Bear in mind also that rent, eating out etc (which will make up a large % of analyst salary) are much cheaper in London than NYC. The "true" exchange rate/ purchasing power dometsically hasn't changed since pre-2016. What £1 gets you is the same as what ~$1.60 gets you. So in real terms, London and NYC are on par. Sure you'll save up a bit less, but we're talking tiny figures here.

And as the above poster says, just be happy with, and greatful for, the extra £20k a year extra. We also work much less than our peers in NY and will actaully have a chance to spend some of our extra money on nice holidays... that we can actually take....

Array
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  • Analyst 1 in IB-M&A
1y
aaltyu

Before today, London A1 = £50k base, or $69k vs $85k NYC (i.e. 19% discount)

As of today, London A1 = £70k base, or $97k vs $110k NYC (i.e. a 12% discount)

The 'gap' between NYC and London has shrunk to a pretty negligible level now. Bear in mind also that rent, eating out etc (which will make up a large % of analyst salary) are much cheaper in London than NYC. The "true" exchange rate/ purchasing power dometsically hasn't changed since pre-2016. What £1 gets you is the same as what ~$1.60 gets you. So in real terms, London and NYC are on par. Sure you'll save up a bit less, but we're talking tiny figures here.

And as the above poster says, just be happy with, and greatful for, the extra £20k a year extra. We also work much less than our peers in NY and will actaully have a chance to spend some of our extra money on nice holidays... that we can actually take....

Wrong, base for AN1 is only 65k. The London discount is alive and well. Would try to get out of there ASAP lol.

  • Analyst 1 in IB - Gen
1y

I don't think anyone knows yet since GS has not sent out formal communication. People found out in their internal HCM portal (no idea where) about the raises and then I think some banking teams were called today, along with Bloomberg reports. So until they send out info, no idea if there is going to be any increase to S&T/GSAM even if its not the full 110/125

  • Associate 1 in IB - Cov
1y

well.. the 125k to 150k leaked associate "raise" can't be the actual change to associate 1 salaries because they've already been paying 150k to AS1s for a few years now (so the data point or "leaked" data point doesn't make any sense). The firm hasn't announced yet what, if any, comp changes will be made for the associates and up so I'd hang tight.

  • Intern in IB-M&A
1y

https://www.wsj.com/articles/goldman-sachs-is-giving-entry-level-bankers-a-nearly-30-raise-11627930285?mod=hp_lead_pos6

  • Intern in IB - Gen
1y

Does anyone know if the raise include AFG or is just for Classic?

  • Intern in IB - Gen
1y

Don't know if you're

1) outside of GS and mocking me because you didn't know that GS IBD is split into Classic and AFG (in which case don't be so quick to be snappy and make a fool of yourself, asshole, some banks only raised coverage and not capital markets)

2) within GS and mocking me (in which case it's a perfectly reasonable question to ask and you're still an asshole, but thx for letting me know that AFG is included and I'll enjoy the raise)

  • Analyst 1 in IB - Cov
1y

Juicy AF apparently - mid bucket was 95k, top bucket 105/110k

1y
ABanker26, what's your opinion? Comment below:

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1y
Cj-Chan, what's your opinion? Comment below:

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1y
ABanker26, what's your opinion? Comment below:

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  • Analyst 1 in IB - Cov
1y

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