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Average Goldman Sachs worker made $110K in first quarter '18.
Posted on 4/17/18 at 5:28 pm
Posted on 4/17/18 at 5:28 pm
Peanuts for OT ballers, but nice work for the rest of us.
How people afford to live in Manhattan
quote:
Goldman Sachs reported a $2.8 billion profit for the first quarter Tuesday, topping forecasts. And workers at the investment bank were rewarded handsomely.
Compensation expenses — a number often referred to as the bonus pool, even though it includes salaries and other benefits — rose 25% from a year ago to $4.1 billion. The company has 37,300 employees worldwide.
That means the average compensation for a Goldman worker was more than $110,000 during the three months, up from an average of $96,500 a year ago.
How people afford to live in Manhattan
21
Posted on 4/17/18 at 5:29 pm to TejasHorn
They also have no soul
Posted on 4/17/18 at 5:29 pm to TejasHorn
Volatility raises that bonus comp 
Posted on 4/17/18 at 5:29 pm to TejasHorn
Could it be possible that they receive an annual bonus sometime in the first quarter that puts a lot of weight on that quarter?
Posted on 4/17/18 at 5:31 pm to TejasHorn
Well they do control the world, so...
Posted on 4/17/18 at 5:57 pm to TejasHorn
I thought corporations pocketed profits
Posted on 4/17/18 at 5:59 pm to olgoi khorkhoi
quote:
I thought corporations pocketed profits
Gotta balance the books
Posted on 4/17/18 at 6:00 pm to TejasHorn
OK, now lets do the same for the top folks at Google. It's hilarious that the tech world gets a pass when it comes to the "1%" bullshite.
Posted on 4/17/18 at 6:00 pm to TejasHorn
(no message)
This post was edited on 4/15/23 at 5:51 am
Posted on 4/17/18 at 6:21 pm to TejasHorn
fricking bankers
Posted on 4/17/18 at 6:22 pm to BobLeeDagger
And they spent 30k in pure based coke to work those hours....
And I am not joking
And I am not joking
Posted on 4/17/18 at 6:23 pm to lsupride87
Good for them.
Posted on 4/17/18 at 6:24 pm to TejasHorn
quote:
$110K in first quarter '18
For Fairness , that's rent for one bedroom studio in New York City
Posted on 4/17/18 at 6:25 pm to TejasHorn
Wonder what the median is.
Posted on 4/17/18 at 6:26 pm to crazycubes
quote:
For Fairness , that's rent for one bedroom studio in New York City
This is a worldwide figure. Granted, many Goldman folks live in high-rent areas but they aren't all Lower Manhattan.
Posted on 4/17/18 at 6:32 pm to Croacka
quote:
Could it be possible that they receive an annual bonus sometime in the first quarter that puts a lot of weight on that quarter?
Article states that Goldman pays bonuses in Q4.
Also, learn your GAAP.
Posted on 4/17/18 at 6:43 pm to TejasHorn
quote:Good for them!!!
Average Goldman Sachs worker made $110K in first quarter '18.
Posted on 4/17/18 at 6:48 pm to TejasHorn
Do the janitors and support staff get a cut of that? Where does one apply if so 
Posted on 4/17/18 at 7:10 pm to TejasHorn
So? Companies hire them because they are often the best at what they do and since they are the best, they get to charge what they charge.
Posted on 4/17/18 at 7:13 pm to upgrayedd
quote:
OK, now lets do the same for the top folks at Google. It's hilarious that the tech world gets a pass when it comes to the "1%" bull shite.
We all know that only bankers can be evil.
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