VP at Goldman Sachs
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?
Senior swe gets over 300 at goog
Why not write title as VP instead of SWE
Vp of code monkey
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.
how many years of experience do you need to get that title?
The only title that matters is managing director. Every other title is complete bs.
How many years do you have under your belt
VP/ED = Senior Eng or Staff/Sr Staff Sounds like GS is paying market rate vs top tech companies... Very solid.
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.
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.
Talking about average bonus at GS is like talking about average pay in a movie set, after Tom Cruise walked in.
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
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
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.
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.