Goldman Sachs Operations Salary Overview

bluechip's picture
Rank: Senior Chimp | 16

What is the typical bonus in operations as a first year analyst?

How does the salary progress from first year onwards, 30K per year increment?

goldman analyst pay in operations

For operations analysts at Goldman Sachs and other firms, often times the operations salary will be similar to the base salary of front office roles such as investment banking. However, the difference comes when considering the bonus.

Bonuses for operations employees will likely be 25-30% of base.

You can learn more about operations at GS in the video below.

https://www.youtube.com/watch?v=7bT0vcIn2oQ

You can read more about salaries at Goldman Sachs through the Wall Street Oasis Company Database.

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Comments (27)

Nov 20, 2006

i think someone said they get more or less the same starting salary as IB analysts(55K or so), but the bonus is smaller (5-10%).

30K increments? HAHAHAHAHAHAH

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

Nov 20, 2006

While I hate to agree with aspiringmonkey on anything, he's right.

bonuses in ops are never more than 25-30% of base. you'd have to be making well over 100k to get a 30k bonus in ops and that doesn't happen until the VP level.

Nov 20, 2006

too low

Nov 20, 2006

yeah but in ops you can afford not to live right in the smack of Manhatten unlike the <abbr title="investment banking

">IB guys because your hours are better. So it all balances out.

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

Jan 19, 2009
aspiringmonkey:

yeah but in ops you can afford not to live right in the smack of Manhatten unlike the <abbr title="investment banking

">IB guys because your hours are better. So it all balances out.

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

Sounds like someone is already rationalizing his cash flow...

Nov 20, 2006

bluechip did u come from a public accounting background? i didn't know goldman took undergrads for ops right after graduation

Nov 21, 2006

yea it does recruit for ops from undergrad candidates.

my major is physics, they said ops would be a good fit for problem solving....

Nov 20, 2006

Ya you have to consider the work / life balance. While you pull in less in Ops, consider how many hours you'll work compared to an IBD analyst. The gap is less dramatic if you think in terms of pay per hour.

Nov 20, 2006
Positive <span class=keyword_link><a href=/finance-dictionary/what-is-free-cash-flow-FCF rel=nofollow><abbr title=free cash flow&#10;>FCF</abbr></a></span>:

Ya you have to consider the work / life balance. While you pull in less in Ops, consider how many hours you'll work compared to an IBD analyst. The gap is less dramatic if you think in terms of pay per hour.

oh noes you said pay per hour...now all the IBD guys will come out of the wood work and flame you in order to jusitify their lifestyle

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Nov 20, 2006
bluechip:

what is the typical bonus in operations as a first year analyst?

how does the salary progrss from first year onwards, 30K per year increament?

Not even the IBD analyst gets a 30K increase per year in base. You really have to be more realistic with the fact that your job will mean days that end at 6PM and only start around 8-9AM. No weekends either. Your job will be as close as it gets to 9-5...and you'll still be paid better than most 9-5 people.

The bonus is low because simply put, you are not on the revenue generating side of the business.

Nov 21, 2006

the 9 - 5 hours belief is not always the case.

some people get to stay till like 10pm. although i agree that the IBs work more hrs.

Nov 21, 2006
bluechip:

the 9 - 5 hours belief is not always the case.

some people get to stay till like 10pm. although i agree that the IBs work more hrs.

READ!!! NO ONE wrote its a 9-5 job. We said its the closest you'll get to a 9-5 job and you still blow them out of the water with your pay.

And yes, there will be late nights...OCCASIONALLY. Just like any industry you will work OT occasionally. Unlike IBD, you just won't be expected to do it on a daily basis and I don't think you'll be expected to work more than 12 hrs a day...if at all.

Nov 20, 2006

do you mean start 8 to 9 am?

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

Nov 21, 2006

yeah you wont work 9 to 5 in ops, pretty much thats true for any position within a bank. But the hours a much more manageable.

Think about it this way, in college I'm sure you had one semester where you took 18-21 credits(instead of your usualy 15-18), sure it was just 1 tiny class more, but it ended up having a much larger impact on you(stress wise).

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

Jan 19, 2009

i was in ops (middle office) for several years at a comparable bank...you'll never work weekends and rarely more than 12 hours a day...usually 50-60 hrs a week...my largest bonus ever was 20k and they average 15k for analyst/associate level...if you're not trying to get wealthy, it's not a bad gig, plenty to live on compared to others your age doing other things that require the same kind of time/mental commitment...don't let anyone glorify it to you though...it's a low respect position in the bank...you can hit 100k all-in at the manager/senior manager level though...at least 4-5 yrs in...

Jan 19, 2009

Sorry, but im not to familiar with operations beside they support F/O. Now where exactly does the problem solving skills come in? Operations role is to settle trades and reconcile positions from what I know of. Where does this problem sovling skill come into play here? I mean either the streets wrong or your wrong and you just need to find out whos wrong am I right? Just curiouse about the problem solving skills can someone shed some light on this matter.

Jan 19, 2009

Don't do ops. Its an insult to your intelligence. At least the internship I did was. Ugh. But where I was they got paid 70K total working 9-5, occasionally more than that. this was in FI middle office/allocations...so sales support.

Jan 19, 2009

Well, two years ago, the bonus was 6 months for GS ops(heard from other). good times eh! Unfortunatlly this year as expected was signifigantly less between 5-10% for analyst.

The hours are generally 9-5, but if you work in my division you are looking at 8-8 on a good day. Not sure it is because of the nature of the job, or the recent market situation, probably both.

There is a lot of issues in Banking that FO have no clue about. Ops depending on the position and opportunities can be challenging and interesting. However most of the job is more focus on accuracy and process. Then again so is IBD analyst. To be frank, checking pre-build spreadsheets and font size on presentations is ...

anyways.. just my 2cent

Feb 1, 2010

Thanks

Jan 27, 2010

I believe 2 years until associate but then like 5 years to VP so i'd say 5 years or so u hit 100k and u should hit 100k after being VP.

Feb 1, 2010

I know someone who turned down GS ops for an enterprise risk position at a Big 4. Those start at 50+ p.a. FWIW....

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Feb 1, 2010

I know an executive assistant at GS, comp is 70 base + bonus. So I would assume operations is somewhere within that range.

Baby you're the perfect shape, baby you're the perfect weight. Treat me like my birthday, I want it this way and I want it that way. It makes a man feel good baby.

    • 1
Feb 1, 2010

60 sounds about right with a very small bonus. I know that VPs make about 150k and MDs make about 250k, but it's not easy to get there.

Feb 1, 2010
BTbanker:

60 sounds about right with a very small bonus. I know that VPs make about 150k and MDs make about 250k, but it's not easy to get there.

VP in GS ops is not too hard if you are motivated. MD is tough though, ops has a lower MD count per # of employees than any division I can think of (except maybe technology who are probably on par with ops becuase both are structured the same.

If you are willing to work in ops for a minimum of 6 years starting at analyst 1 and you are good. VP is not tough to reach.

Worst part about it is, the higher you go in ops, the less it is about work and the more it becomes a political, do what management committees will want to see rather than what feels right. Etc, just IMO.