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Опубликовано: October 10, 2022 в 6:05 am

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Average Goldman Sachs Salary By Location, Job Title, and Department

Updated August 22, 2022

$108,830yearly

To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More

$52.32 hourly


Entry level Salary

$68,000

yearly

$68,000

10 %

$108,830

Median

$174,000

90 %

Highest Paying Jobs At Goldman Sachs

The average employee at Goldman Sachs earns a yearly salary of $108,830 per year, but different jobs can earn drastically different salaries. Some of the job titles with high salaries at Goldman Sachs are managing director, vice president research, finance vice president, and associate. A typical managing director salary at Goldman Sachs is $274,338 per year. Other roles at Goldman Sachs include administrative assistant and analyst. A administrative assistant at Goldman Sachs earns an average yearly salary of $39,679.

Highest Paying Jobs At Goldman Sachs

Rank   Job Title   Average Goldman Sachs Salary   Hourly Rate  
1 Managing Director $274,338 $131.89
2 Vice President Research $170,311 $81.88
3 Finance Vice President $159,354 $76.61
4 Associate $127,037 $61.08
5 Senior Java Developer $125,416 $60.30
6 Application Software Developer $124,147 $59.69
7 Computer Software Engineer $119,824 $57.61
8 Project Manager $112,863 $54.26
9 Advanced Technical Specialist $105,821 $50.88
10 Team Leader $96,318 $46. 31
11 Operations Specialist $88,749 $42.67
12 Consultant $86,609 $41.64
13 Executive Assistant $86,128 $41.41
14 Analyst $78,447 $37.71
15 Administrative Assistant $39,679 $19.08

Highest Paying Goldman Sachs Competitor Salaries

Some of the competitors of Goldman Sachs are BNP Paribas, Credit Suisse, and Deutsche Bank. The average salaries at BNP Paribas rank the highest, with their employees earning an average salary of $110,415 per year. The employees at Credit Suisse earn an average yearly salary of $109,075 per year, and the salaries at Deutsche Bank average $107,247 per year.

Salaries By Goldman Sachs Competitors

Rank   Company Name   Zippia Score   Average Salary  
1 BNP Paribas 4. 7 $110,415
2 Credit Suisse 4.9 $109,075
3 Deutsche Bank 4.9 $107,247
4 Morgan Stanley 4.9 $103,933
5 State Street 4.9 $99,979
6 BlackRock 4.9 $87,853
7 BNY Mellon 4.9 $86,819
8 American Express 4.8 $86,421
9 Charles Schwab 4.9 $82,738
10 Franklin Templeton 4.8 $81,534
11 Citi 4.9 $75,483
12 JPMorgan Chase & Co. 4.9 $73,946
13 The PNC Financial Services Group 4.6 $71,084

Average Pay By State For Goldman Sachs

Rank   State   Average Goldman Sachs Salary   Hourly Rate  
1 New York $119,843 $57. 62
2 District of Columbia $115,768 $55.66
3 Massachusetts $113,934 $54.78
4 New Jersey $111,565 $53.64
5 California $110,734 $53.24
6 Connecticut $110,314 $53.04
7 Vermont $100,677 $48.40
8 Washington $98,691 $47.45
9 Delaware $97,373 $46.81
10 Pennsylvania $95,981 $46.14
11 Texas $92,753 $44.59
12 Illinois $92,469 $44.46
13 Michigan $91,739 $44.11
14 Colorado $89,127 $42.85
15 Georgia $88,477 $42.54
16 Florida $86,716 $41. 69
17 Utah $78,446 $37.71

How Much Does Goldman Sachs Pay By Location?

Cost of living can vary dramatically depending on the part of the country you’re in. Employees at Goldman Sachs earn different salaries depending on their region. Our data shows that Goldman Sachs employees in New York, NY get paid the most, where the average yearly pay is $120,026. Goldman Sachs Employees in San Francisco, CA don’t earn quite as much. The median salary in San Francisco, CA is $113,229.

Salaries By Location At Goldman Sachs

Rank   Location   Average Goldman Sachs Salary   Hourly Rate  
1 New York, NY $120,026 $57.70
2 San Francisco, CA $113,229 $54.44
3 Jersey City, NJ $111,829 $53.76
4 Chicago, IL $92,904 $44. 67
5 Dallas, TX $90,833 $43.67
6 Miami, FL $87,600 $42.12
7 Salt Lake City, UT $78,007 $37.50

Goldman Sachs Salaries By Department

Workers at Goldman Sachs earn different salaries depending on the department or organizational function that they work in. Based on our analysis, the employees in corporate management earn salaries at Goldman Sachs that are well above average, with yearly earnings averaging $148,910. The research & development organizational function also pays relatively high compared to other departments, where employees earn $115,996. Departments that don’t pay as well at Goldman Sachs include the administrative and finance organizational functions, with employees earning $67,477 and $85,725, respectively.

Salaries By Department At Goldman Sachs

Rank   Department   Average Goldman Sachs Salary   Hourly Rate  
1 Corporate Management $148,910 $71. 59
2 Research & Development $115,996 $55.77
3 Engineering $114,600 $55.10
4 Retail $110,850 $53.29
5 IT $99,814 $47.99
6 Finance $85,725 $41.21
7 Administrative $67,478 $32.44

How Much Does Goldman Sachs Pay by Department?

Best Paying Goldman Sachs Finance Position Salaries

Rank   Position   Average Goldman Sachs Salary   Hourly Rate  
1 Finance Vice President $159,354 $76.61
2 Associate Vice President $133,548 $64.21
3 Trading Assistant $115,660 $55.61
4 Finance Associate $111,767 $53. 73
5 Consultant $86,609 $41.64
6 Analyst $78,447 $37.71

Best Paying Goldman Sachs Engineering Position Salaries

Rank   Position   Average Goldman Sachs Salary   Hourly Rate  
1 Vice President Of Engineering $160,492 $77.16
2 Engineering Mathematician $159,649 $76.75
3 Project Leader $138,157 $66.42
4 Technical Project Manager $132,327 $63.62
5 Senior Developer Analyst $128,815 $61.93
6 Java Architect $124,498 $59.85
7 Application Software Developer $124,147 $59.69
8 Computer Software Engineer $119,823 $57. 61
9 Senior Programmer $119,040 $57.23
10 Database Administrator $116,109 $55.82
11 Informatica Consultant $99,386 $47.78
12 Technical Specialist $98,508 $47.36
13 Associate Programmer/Analyst $84,112 $40.44

Best Paying Goldman Sachs IT Position Salaries

Rank   Position   Average Goldman Sachs Salary   Hourly Rate  
1 Vice President Of Information Technology $157,038 $75.50
2 Information Systems Manager $153,424 $73.76
3 Vice President Technology Services $145,358 $69.88
4 Credit Risk Management Director $142,518 $68.52
5 Project Leader $138,157 $66. 42
6 Senior Project Manager $129,232 $62.13
7 Solutions Architect $128,033 $61.55
8 Senior Technical Analyst $107,926 $51.89
9 Systems Administrator $107,799 $51.83
10 Advanced Technical Specialist $105,821 $50.88
11 Presentation Specialist $101,311 $48.71
12 Management Associate $101,021 $48.57
13 Network Engineer $88,474 $42.54
14 Associate Programmer/Analyst $84,112 $40.44
15 Computer Operator $54,029 $25.98
16 Computer Tape Librarian $53,525 $25.73

Recently Added Goldman Sachs Salaries

Frequently Asked Questions About Goldman Sachs Salaries

Is the pay good at Goldman Sachs?

Yes, the pay is good at Goldman Sachs. Compared to the industry average of $90,502 per year, the average annual salary at Goldman Sachs is $108,830, which is 20.25% higher.

What is the starting pay at Goldman Sachs?

The starting pay at Goldman Sachs is $68,000 per year, or $32.69 per hour.

How much does Goldman Sachs pay compared to BlackRock?

Goldman Sachs pays $108,830 per year on average compared to BlackRock which pays $87,853. That works out to $52.32 per hour at Goldman Sachs, compared to $42.24 per hour at BlackRock.

How much does Goldman Sachs pay an hour?

Goldman Sachs pays $52.32 an hour, on average.

What benefits does Goldman Sachs offer?

Goldman Sachs offers benefits to full-time employees including:

  • Health insurance

  • Dental insurance

  • Vision insurance

  • Life insurance

  • Temporary disability insurance

  • Long-term disability insurance

  • Accidental death and dismemberment insurance

Have more questions? See all answers to common company questions.

Search For Jobs

Zippia gives an in-depth look into the details of Goldman Sachs, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Goldman Sachs. The employee data is based on information from people who have self-reported their past or current employments at Goldman Sachs. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, h2B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Goldman Sachs. The data presented on this page does not represent the view of Goldman Sachs and its employees or that of Zippia.

Goldman Sachs may also be known as or be related to Goldman Sachs, Goldman Sachs Asset Management International Ltd., Goldman Sachs Japan Co., Ltd., J. Aron & Company LLC, THE GOLDMAN SACHS CHARITABLE GIFT FUND, The Goldman Sachs Group Inc, The Goldman Sachs Group, Inc. and goldman sachs execution & clearing, l.p.

Guess How Much Goldman Sach’s Average Salary Is (GS)

Table of Contents

Table of Contents

  • What Is an Average Goldman Sachs Salary?

  • Understanding Salary at Goldman Sachs

  • What Is the Average Salary of a Goldman Sachs Employee?

  • How Much Does a Goldman Sachs Internship Pay?

  • Do Goldman Sachs Employees Make More of Less Than the Industry Average?

By

Michael Foster

Full Bio

Michael Foster has extensive experience writing on a variety of high-yield and financial stocks, funds, and bonds for several popular publications.

Learn about our
editorial policies

Updated February 25, 2022

What Is an Average Goldman Sachs Salary?

Goldman Sachs (GS) has always paid its employees well. The average Goldman Sachs employee made $404,000 in 2021. However, it is important to remember that high-level executive compensation is included in these numbers, and is not an accurate depiction of the non-executive compensation.

In recent years, Goldman Sachs has been boosting salaries in order to draw talent away from tech and other start-up sectors. In 2021, a first-year analyst at GS starts at $110,000, which is a nearly 30 percent increase from the prior starting salary of $85,000. Second-year analysts receive a boost from $95,000 to $125,000, and first-year associates saw a jump from $125,000 to $150,000.

Since the firm’s reported headcount includes temporary staff and consultants, who will typically not earn a full annual salary, full-time compensation for many Goldman Sachs employees may be markedly higher than the average while for others, it will be much lower.

Key Takeaways

  • Goldman Sachs raised their salary considerably in 2021 due to both revenue increases and inflation considerations.
  • Goldman Sachs pays well even at the bottom of the pyramid, with summer interns making 50 percent more than the median household income in New York City.
  • Investment banking as a whole is feeling the brain drain as top-level employees move to tech and have been increasing their compensation packages in order to retain talent.

Understanding Salary at Goldman Sachs

Investment banking salaries are largely dependent on performance and experience, with bankers higher in the ranks earning more than those earlier in their careers. Those who deliver consistently superior results will be handsomely rewarded. While it is common for analysts to make over $100,000 per year at investment banks, managing directors earn much more, sometimes over $20 million.

Goldman bankers based in the New York City area are doing much better than most New Yorkers. In New York City, median household incomes were $63,998 in 2019 (when the Census Bureau last updated).

While banker salaries were a hot topic during the 2007/2008 Global Financial Crisis, the issue has become less prevalent in recent years. As more investors learn to use tools at their disposal such as robo-advisors or simply making their own investments from home, investment banks are less of a topic of conversation.

What Is the Average Salary of a Goldman Sachs Employee?

Before answering, it is important to remember that the average salary of a Goldman Sachs employee is not the average salary of an average employee. The massive benefit packages given to executives and top earners are factored into the lofty $404,000 average compensation. The enormous take-home pay of executives lifts this number considerably.

How Much Does a Goldman Sachs Internship Pay?

A Goldman Sachs internship salary will vary largely based on the location of the office and the division. Interns are paid an annual rate which is prorated against their total time spent there, which is often in the summer to accommodate university scheduling and runs eight to ten weeks. The salary is less than first-year analysts and is typically between $85,000 and $100,000.

Do Goldman Sachs Employees Make More of Less Than the Industry Average?

It isn’t possible to provide an apples-to-apples comparison of industry salaries. Due to there being so many division within investment banking, you cannot really compare what an analyst makes versus a risk manager. However, the nature of investment banking is meritocratic so in order to retain top talent, banks must remain competitive in their compensation packages.

Article Sources

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our
editorial policy.

  1. Goldman Sachs. “Goldman Sachs Q4 2021 PDF.”

  2. The Wall Street journal. “Goldman Sachs Salary Increase.”

  3. U.S. Census Bureau. “New York City Census 2015-2019.”

2022 Goldman Sachs Salary And Bonus

 

 



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 > Goldman Sachs Salaries


Goldman Sachs is an investment bank headquartered in New York City, USA. It was founded in 1869 by Marcus Goldman and Samuel Sachs. With a 40.8 billion revenue and 34,000 employees around the world, Goldman Sachs is one of the most famous investment bank in the world.

Top Goldman Sachs Salaries – By 
Title

 

Title Average Salary Salary Comparison Full Access

Senior MD/Head Of

$617,000 

617000.0

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MD

$374,000 

374000.0

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CTO

$235,000 

235000. 0

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Director

$213,000 

213000.0

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Senior Manager

$146,000 

146000.0

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VP

$132,000 

132000.0

Get full report

The highest paid Goldman Sachs employees are Senior MD/Head Ofs at $617,000 annually. The lowest paid Goldman Sachs employees are Entry Levels at $48,000.

 

 

Top Goldman Sachs Salaries – By 
Location

 

Location Average Salary Salary Comparison Full Access
org/EmployeeRole”>

Brazil

$195,000 

195000.0

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Canada

$121,000 

121000.0

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USA

$120,000 

120000.0

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Hong Kong

$107,000 

107000.0

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Switzerland

$104,000 

104000. 0

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Australia

$103,000 

103000.0

Get full report

Most Goldman Sachs employees using Emolument work in Italy for an average salary of $58,000. The best paid Goldman Sachs employees work in Brazil for an average salary of $195,000.

 

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More about Goldman Sachs


Goldman Sachs is an investment bank headquartered in New York City, USA. It was founded in 1869 by Marcus Goldman and Samuel Sachs. With a 40.8 billion revenue and 34,000 employees around the world, Goldman Sachs is one of the most famous investment bank in the world.

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Goldman Sachs raised wages for junior staff after complaints of burnout

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Goldman Sachs has agreed to meet employee demands and increase wages for junior staff. It is reported by the Financial Times.

Under the new policy, analysts will earn $110,000 in their first year and $125,000 in their second. On average, Wall Street employees earn $91.4 thousand per year.

In mid-March, a group of junior employees complained about the 95-hour workweek. According to them, they sleep five hours a day and go to bed no earlier than 3:00 in the morning.

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2021 Bank of America CEO salary up over 30%

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Bank of America CEO Brian Moynihan’s salary increased by more than 30% in 2021 to $32 million, Reuters reports.

The financier’s base salary is $1.5 million, bonuses and rewards are $30.5 million. The board of directors argued the increase by saying that the bank under the leadership of Moynihan showed good results – net income rose to a record $32 billion, shares soared 47%.

For comparison, in 2021 the head of JPMorgan Chase will receive $34.5 million, the CEOs of Morgan Stanley and Goldman Sachs will receive $35 million.

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Goldman Sachs 2022 CEO Salary

Investment banks and other financial services firms offer executive compensation packages filled with potentially lucrative bonuses and perks. One such bank is Goldman Sachs, whose managing directors have very attractive salaries.

Goldman Sachs is one of the largest and most respected investment banks in the world and it would be a dream to have such a top position as a director.

About Goldman Sachs

Goldman Sachs is an investment bank headquartered in New York, USA. It was founded in 1869 by Marcus Goldman and Samuel Sachs. With 40.8 billion in sales and 34,000 employees worldwide, Goldman Sachs is one of the best-known investment banks in the world.

What do Goldman Sachs managing directors do?

The primary goal of managing directors at Goldman Sachs is to build and maintain relationships with clients. Many of these clients come from institutional backgrounds, including corporations, insurance companies, financial products, service providers, and mutual and other fund managers.

While specific responsibilities may vary by office or department, managing directors often act as the link between Goldman Sachs clients and the personnel or teams that serve the client.

This includes meetings and travel to clients to understand their concerns, needs and satisfaction with Goldman Sachs and investment goals.

The Managing Director has significant oversight responsibilities. This includes developing and overseeing a strategy for attracting new customers and developing business products, as well as working with young talent.

In some offices or departments, the manager assesses the risks of certain investments or activities and communicates them to junior staff, who implements risk mitigation measures required by applicable regulations.

See also, Edward Jones Financial Advisor Salary in 2022 | How much is the salary of financial advisor Edward Jones?

How much does a Goldman Sachs CEO make?

As Glassdoor reports the average base salary for a Goldman Sachs CEO is $400,000. Additional earnings average $275,994,500,000 and consist primarily of cash awards of this magnitude. Salaries range from $XNUMXXNUMX to $XNUMXXNUMX.

What is the average annual salary of a Goldman Sachs managing director?

The average annual salary for a Goldman Sachs managing director is $350,000 compared to about $272,000 for the same position. In fact, Goldman pays significantly more than his peers at all levels except the analyst level.

Director, Vice President or M.D. level salaries are more than 20 percent higher than competitors. Vice presidents at Goldman could receive higher bonuses than managing directors and chief executive officers (i.e., higher levels) at competing banks.

To get promoted at Goldman, you are likely to dramatically increase your earning potential.

How much does a Goldman Sachs managing director make in the US?

The average annual salary for Goldman Sachs managing directors in the US is approximately $346,482, which is 243% higher than the national average.

The typical salary for a Goldman Sachs CEO is $235,300 per year. Goldman Sachs managing director salary can range from 1,051.9$35,000 to $35,000 per year.

This number is the median, which is the midpoint of the ranges from our own total salary estimation model and is based on the salary received from our users.

Estimated base salary is $224,269 65,926 per year. Estimated additional salary is $XNUMXXNUMX per year. Additional compensation may include cash bonuses, commissions, tips and profit sharing.

Read and Learn Starbucks Store Manager Salary in 2022 | How much does a Starbucks Store Manager make?

What benefits and bonuses do Goldman Sachs managing directors receive?

Glassdoor also claims a share consideration of $176,598,551,987. The average total remuneration per year, including bonuses and base remuneration, is $US XNUMX,XNUMX.

Goldman Sachs provides a variety of health benefits to its employees, including medical and dental insurance and assistance.

Assistance is provided in the form of on-site health programs and medical care, fitness equipment in dedicated offices, and counseling. Income is increased by short-term and long-term disability insurance.

Managing directors may also purchase life, casualty, and travel and work accident insurance.

Work allowances in addition to wages include child care in certain offices and support payments for employees who adopt children.

They also offer business travel assistance and reimbursement for accommodation and meals during a business trip. The company’s wealth creation programs provide investment funds to eligible Goldman Sachs employees.

Do other companies pay more than Goldman Sachs?

The CEO of Goldman Sachs is paid more than some of Goldman Sachs’ contemporaries in financial services. The median base salary for Morgan Stanley executives is $406,400 per year.

The salary at the bottom level is $195,000441,590 and the salary at the top level is $203,200200,000. Cash bonuses have an average value of $XNUMXXNUMX, while stock bonuses have an average value of $XNUMXXNUMX.

With additional compensation, Morgan Stanley executives earn approximately $412,496 per year.

For UBS CEOs, the average base salary is $368,514200,000. The range starts at $421,158 and goes up to $421,158. Including bonuses and other additional remunerations, the total remuneration is on average USD XNUMX XNUMX per year.

Also see Walmart CEO Salary in 2022 | How Much Does a Walmart CEO Make?

Frequently Asked Questions

Managing Directors of are responsible for the day-to-day operations of their groups and report directly to the CFO, COO, CRO or CEO.

12 years and 11 months

  • Analyst.
  • Associate.
  • Executive Director/Vice President.
  • Managing Director.

Conclusion

After all, the salary of the CEO of Goldman Sachs, considering only the base salary, is six figures. The work of the director and the division he oversees can bring cash rewards and shares that further increase profits.