VP at Goldman Sachs

Amazon / Eng
gpcW82

Amazon Eng

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Amazon
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May 16, 2018 55 Comments

Got an offer from Goldman Sachs as a senior software engineer. GS told me that I’d be given a VP level. What that really means in terms of day-to-day job and responsibilities?
Also they offered me a base 185k + target bonus 145k. But what interesting is bonus is not written in the offer (although recruiter says that it shouldn’t be possible that I don’t get a target bonus).

Does anyone have an insight into it? Would you prefer GS VP level with 185base + ‘not-guaranteed’ 145k bonus over the 270k total comp at google for example?

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TOP 55 Comments
  • Microsoft O366
    Everyone is a VP on the Wall Street.
    Don’t read too much ...I think they change your (directory) title to VP after one or two promos after joining as a new grad.
    May 16, 2018 0
  • CA Technologies / Sales lBqw66
    Swing a cat and you’ll hit a VP on Wall St. The average bonus at GS is $445k. I have a friend who retired from there at the age of 45 who was a director of content. Definitely a lot of upside potential on the bonus side.
    May 16, 2018 2
    • Lazard fin/tech
      That average is skewed pretty heavily by front office folks and MDs/PMDs in non front office roles - I'm also 99% sure that's average total comp.
      May 16, 2018
    • Ayasdi ioUp78
      Talking about average bonus at GS is like talking about average pay in a movie set, after Tom Cruise walked in.
      Nov 3, 2018
  • Microsoft / Mgmt
    D3V0P$

    Microsoft Mgmt

    BIO
    RTFM!
    D3V0P$more
    The only title that matters is managing director. Every other title is complete bs.
    May 16, 2018 0
  • Research Now / Eng Hooohaaa
    VP is the biggest bull shit of Goldman Sachs. Kids with 4 years of experience there are VP. If you want to be something in GS ask for Senior Engineer or Tech Fellow. Or best Tech Fellow Managing Director
    May 16, 2018 2
    • Amazon / Eng
      gpcW82

      Amazon Eng

      PRE
      Amazon
      gpcW82more
      OP
      They don’t have a Senior Engineer. They said they can write anything I want, that only internal level matters. I also, highly doubt about kids with 4 years experience. As I understood it’s just like a senior role
      May 16, 2018
    • Google UBdG56
      Nah I worked there. Expectation for successful new grad was 2 years promo from analyst to associate, and then 2-3 years promo from associate to vp. Really good new grads can do it in 4 for sure.

      Honestly it’s possible you get more comp in years where gs does well, but keep in mind in years they do bad, the bonus pot will substantially be reduced for tech specifically (since it’s a cost center, rather then revenue maker). Also tech isn’t looked well upon in general by front office folks (ibd, trading, etc.).

      For example, at the beginning of my internship one of the traders asked if tech interns could “fix his personal laptop”. Keep in mind that this is anecdotal, but I’m trying to give you perspective. If you’re really interested in finance, strats at gs are much more respected, or you can try tech at hedge fund/market maker.
      May 16, 2018
  • Morgan Stanley ninja007
    The numbers seem very reasonable and easily achievable. You shouldn’t be worried about not getting the 145k. Pretty safe and they won’t lose credibility for that small an amount.

    The titles on Wall Street are very different. Most companies have Associate, VP(4-5 years after Masters), ED (8-10 years), MD (12-15 years) for ones on the fast track. But a lot of people end up at either VP or ED and not everyone moves all the way up.

    The comment above about legacy code is completely true. They have their own internal secDB and languages built in house. That s/w knowledge is not transferable anywhere, though quant skills and trading systems knowledge is. This can be a non issue if you know you’ll be working on more OSS stuff and on newer initiatives - the HM can tell you a binary answer to that.

    Re: tech being a second class citizen at banks - that is completely true as well in general, but that is changing slowly. Also - a lot of that is not because of your role but because the business guys tend to be type As in Italian suits while the tech guys are nerds. There are also the asshole types - but less common these days.

    It’s a different type of role altogether though. That’s a good number - but you can do better at other FANGs if you’re just chasing the money.
    May 16, 2018 7
    • Goldman Sachs / Eng Vroooom
      And yes you are right about the bonus part. My MD last yr made north of 1m
      May 16, 2018
    • Appian qiRp80
      What do you think about Strats though? Do they often get paid more than tech? Or is it similar?
      May 16, 2018
    • Morgan Stanley ninja007
      Business > strat > business-supporting-tech > infrastructure/core tech.

      Pretty much opposite of tech companies.
      May 16, 2018
    • Lazard fin/tech
      Spot on information +1
      May 16, 2018
    • Deutsche Bank Ninco
      Making MD at GS is very tough. One should not join as VP thinking next step is MD in a few years - it could take a decade ! And that is if you don't get fired by then as GS aggressively takes out the bottom x %. Plus WLB truly sucks , even compared to other banks
      May 16, 2018
  • Research Now / Eng Hooohaaa
    Also job in Goldman is not for introverts or ugly people. Type A personality and massive amounts of passive aggressive attitude is needed.
    May 16, 2018 2
    • Intuit Shdhsgwhwb
      True that lol
      May 16, 2018
    • Lazard fin/tech
      sounds like every top or brand name company in existence
      May 16, 2018
  • Research Now / Eng Hooohaaa
    Bonus in Goldman is huuuugggeeee. I got 70k as bonus in the year 2013 when I worked there .... but of course it depends on company performance. If you are a MD or a Partner you will get bonus in several hundred thousands on a good year. On bad years you have to return bonus ....
    May 16, 2018 2
    • Amazon / Eng
      gpcW82

      Amazon Eng

      PRE
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      gpcW82more
      OP
      Whaaat? On bad years I will have to return the bonus? Holly cow
      May 16, 2018
    • Amazon / Eng
      Andjdjfbaj

      Amazon Eng

      PRE
      IBM
      BIO
      ML @ Amazon
      Andjdjfbajmore
      Which level were you? What’s a typical bonus for a new grad tech analyst?
      May 16, 2018
  • Lazard fin/tech
    VP/ED = Senior Eng or Staff/Sr Staff

    Sounds like GS is paying market rate vs top tech companies... Very solid.
    May 16, 2018 0
  • Snapchat fgsjez
    VP is a misnomer. In finance everyone is a VP, don't let the title mislead you. True 'VP' in finance cos have executive VP or something like that.
    May 16, 2018 0
  • New baQn60
    Senior swe gets over 300 at goog
    May 16, 2018 0
  • Research Now / Eng Hooohaaa
    Ok my last contribution to the thread the tech stack in Goldman is complete legacy. so Mr Amazon you should be ready to maintain code written decades ago with totally obsolete tech. Lots of bureaucracy, red tape and executive worship. So I guess Goldman will be a complete opposite of Amazon.
    May 16, 2018 3
    • Amazon superclose
      There's hierarchy at Amazon too.
      May 19, 2018
    • Research Now / Eng Hooohaaa
      Yes but in GS many MDs and Partners are not technical so they cannot value you based on your tech skills. In this environment your perception, your persona ... your image is bigger than your coding skills. I saw lot of good programmers get laid off from GS because these introverts couldn’t project themselves onto non-technical people.
      May 19, 2018
    • Goldman Sachs / Eng Tysfne
      There is lot of micro management too. As an engineer I can’t imagine more worst place than GS
      Sep 1, 2018
  • Qualcomm RunRunRun
    Why not write title as VP instead of SWE
    May 16, 2018 1
    • New baQn60
      Vp of code monkey
      May 16, 2018
  • Veritas / Eng
    Alliance12

    Veritas Eng

    PRE
    Symantec, HERE
    Alliance12more
    Did you join Goldman then? I have the same question about bonuses.
    Aug 2, 2018 3
    • OpenTable / Eng YUzv81
      They are not offering any signing bonus which held me back. Did you join?
      Aug 24, 2018
    • Veritas / Eng
      Bangbang!

      Veritas Eng

      PRE
      Symantec, HERE
      Bangbang!more
      Not yet, they don't do sign on bonus it seems.
      Aug 24, 2018
    • Veritas / Eng
      Bangbang!

      Veritas Eng

      PRE
      Symantec, HERE
      Bangbang!more
      Can you pm me? We can discuss further or get on the phone.
      Aug 24, 2018
  • Research Now / Eng Hooohaaa
    It’s hard to get a lateral hire MD. But if you negotiate well you can get Senior Engineer or Tech Fellow. Depending upon your experience and profile. Very funny that everyone is VP but few are SE and very few are tech fellows
    May 16, 2018 0
  • Capital One / Eng
    SalesEng

    Capital One Eng

    BIO
    Working with Java, JS, go in AWS
    SalesEngmore
    How many years do you have under your belt
    May 16, 2018 0
  • Microsoft blind1186
    Google is better choice. There must 10K VPs in GS New York. It’s shitty culture. I would choose Google over GS.
    Oct 4, 2018 0
  • Yahoo D..day
    What did you think of the team ?? Money aside you think u can learn from them ?
    May 17, 2018 0
  • Microsoft / Eng uksdf
    how many years of experience do you need to get that title?
    May 16, 2018 0
  • Goldman Sachs / Eng Vroooom
    What team did you interview for btw. To answer your question about the bonus part, it's totally team dependent.
    May 16, 2018 4
    • Amazon / Eng
      gpcW82

      Amazon Eng

      PRE
      Amazon
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      OP
      “Marcus” in SF. What do you mean by team dependent? Does it mean if I change teams later I’ll get less money? That couldn’t be the case.
      May 16, 2018
    • Goldman Sachs / Eng Vroooom
      Bonus is hugely dependent on which product/team you work with. It also depends on whether you are client facing or not. Marcus is a good product. It was highlighted in our annual revenue meetings. It gave out like 4b USD in loans to consumers. I am pretty optimistic about the direction in which Macus is heading to.
      May 16, 2018
    • Morgan Stanley ninja007
      That’s a good team. No legacy code
      May 16, 2018
    • Goldman Sachs theLegacy
      Verifying that it is a good product with no legacy code :)
      Jan 18
  • Microsoft / Eng VlCX25
    Sounds like it correlates with IB/trading. VP is the 3rd step in the career ladder for those companies, which follows analyst (1st/entry-level) and associate (2nd/intermediate). I know people who work on the IB/trading side of that business from school (their WLB is real bad).
    May 16, 2018 1
    • Microsoft / Eng uksdf
      IB trading has really good platform. Their engineering team should be solid.
      May 16, 2018

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