re: Average Goldman Sachs worker made $110K in first quarter '18.

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Considering what they've single handedly done to economics in this country, let alone the world, they deserve the scorn.

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Please enlighten us.

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Bankers are easy to demonize because most people don't understand what they do, or even know what they do. We just see that they have money and assume the got it nefariously


I mean if you watch The Big Short even casually it's pretty clear why they get demonized. It's pretty well deserved. And Goldman is notorious. Considering what they've single handedly done to economics in this country, let alone the world, they deserve the scorn.

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Don't let a movie color your perspective. Much of what IBer's do is incredibly boring.

And Goldman is far, far, far from the worst when it comes to nefarious behavior at investment banks.

What have they done to the economics of this country? Be specific.

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Analysts are probably making about a third of that # in a quarter if they're doing well.
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Associates are making about 40% or maybe a little more of that #.
Not even remotely close for the vast majority. A few superstars in client-facing positions do, and that's about it.

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"if they're doing well" being a key qualifier.

I am not sure which associates you've come across, but the ones from my grad school are pulling in about 30% of that # before bonus. I assume with bonus (which, again an assumption, was probably pretty good this past year) it's probably approaching 40% for high performers.

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I mean if you watch The Big Short even casually it's pretty clear why they get demonized. It's pretty well deserved. And Goldman is notorious. Considering what they've single handedly done to economics in this country, let alone the world, they deserve the scorn.

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Ehh I work in the industry and dont care if people criticize it, but that movie was an extreme embellishment of everyday personalities. Its a much more subdued environment. Youre working a shite ton of hours, especially when youre younger, and it is actually somewhat boring. Most of corporate life is.

I went through the 10-K of Google and Exxon to draw some comparison, and as far as I can tell, neither list compensation and benefits as a line item like Goldman. Mind you, this it a company the average Joe would suggest is hiding everything from the public, but they're the only one laying out their compensation.

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I went through the 10-K of Google and Exxon to draw some comparison, and as far as I can tell, neither list compensation and benefits as a line item like Goldman. Mind you, this it a company the average Joe would suggest is hiding everything from the public, but they're the only one laying out their compensation.

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Goldman is really much more transparent than 90+% of companies in their position are. They've received so much bad press over the years that they feel like it's necessary at this point and give a ton of information away publicly.

You sure as shite ain't getting that kind of salary information on McKinsey on Harley Davidson, to name two firms with which I am familiar.

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I did find some random analysis that stated the “mid career” median salary at Google was $152K a couple years back

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Best I could find was stock based compensation for 2017 was roughly $100k for Alphabet employees, on average. As for total compensation and benefits, who knows?

I agree an average I'd say terrible way to measure this, but I'm trying to be consistent.

Iit’s plain and simple most people don’t understand Wall Street banks

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I mean if you watch The Big Short even casually it's pretty clear why they get demonized

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this is something a local activist would say