Given all the talk about salary increases, would you stay at GS / start at GS if they keep base salary the same? Assuming that these other firms keep bonus % of base salary the same, would the GS name justify the larger discount?
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All this garbage about who pays more and less is so dumb. Most banks pay street - it is called competition.
The difference is there are some outlier banks that pay significantly more.
If JPM pays 100 vs GS paying 85 why would you take a GS offer over JPM..
After tax it's not really that different except to stroke your little ego.
Edit: this forum is filled w/ college kids and first year analysts who dont know anything. Sick of getting these stupid alerts I am out.
We still don't know if the banks aren't just shifting 15K from your bonus to base, which is only moderately preferable. If all-in comp comes out the same, are you still turning down GS?
Makes a pretty sizable difference at the associate level. Associate 1 bonuses last year ranged from $75k to $185k or so across BB/MM/EBs. Those gaps grow yearly. Agreed it’s less important at the analyst level compared to exits.
Yes, but Goldman will pay in line with its peer group. They don't put the boutiques that pay outsized $ in their peer group but they are for sure in line w/ JPM / citi / baml / etc. etc.
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Let's get through that summer internship first
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I was at JP and GS offered me a job.... the comp was the same... i asked why should i leave.. GS said cause we are GS..... that doesnt help my bills.. i need MONEY
!!!
Did they quote you a bonus?
no but extended offer. i declined
When you're young like an Analyst, even an Associate to a slightly lesser degree, take the job with the best long term prospects. The incremental 10/20/30k (esp post taxes) will one day be a rounding error in your net worth - if you even save it vs just buying more dumb shit. I'm not saying GS provides those - merely saying if one firm/group is materially better than another that pays higher, take the better one seat at the "discount". It will be worth more in the end anyway.
Is GS really better than MS/JPM/BAML?
I feel if you work in either 4 of those banks your exit opps are very similar no?
Missing Barclays
I have no idea - if you read my comment I said I'm not saying GS provides these - I said if there is a group that does at any bank...vs a group that isn't as strong that pays more choose the stronger group.
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