Goldman Sachs employee survey leaked?

Google

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Mar 20, 2021 203 Comments

I knew of some IBD analysts putting in 80/week, but wasn't expecting this!

www.wallstreetoasis.com/forums/gs-analyst-survey-results

#goldmansachs

Goldman Sachs employee survey leaked?

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TOP 203 Comments
  • Why would smart young person enter IB instead of tech? Comparably, the pay is shit; the people you have to deal with are shit; wlb is shit. What am I missing here?
    Mar 21, 2021 62
    • Groupon
      ExGrouponr

      Go to company page Groupon

      ExGrouponr
      The attrition is still there. You’re still looking at this with selection bias. You have to look at your initial cohort and follow them for 8 years. 80% will not make it so far altogether bringing your average down a lot.

      Anyway you’re right later in life you can make a lot. But you’re on Blind and on this app and in tech in general no one cares about Tc after 40 and it’s all about “FIRE and chill” for tech ppl. Different audience. It’s all about FIRE and retirement for everyone here post 40 lol
      Apr 9, 2021
    • Groupon it depends on what age one joins IB. If one joins as a fresh MBA at 26-27, they won't be making 1M at 28. But if someone joined at 20-21 and stuck through to be a director by 28-29, it's possible. Not everyone does it but there will be a select few who do. Btw trading 8s classified under IB sometimes and they can definitely make 1M much earlier. Depends on how you classify things. But top IBankers do make more money than top SWEs
      Apr 9, 2021
  • Bose
    flatbread

    Go to company page Bose

    flatbread
    Wow that sucks - how mucho is their TC
    Mar 20, 2021 30
    • Capital Group / Strategy
      <(👁 ͜ʖ👁)>

      Go to company page Capital Group Strategy

      <(👁 ͜ʖ👁)>
      PE depends on the deals you worked on & HF depends on fund performance

      PE does have some unique benefits tho, I’ve known 27/28yr olds lead deals and end up on the client’s board - so it can be a quick way to land a C level role
      Mar 23, 2021
    • Flagged by the community.

  • These guys need to pump these numbers up. Those are rookie numbers in this racket. I, myself, worked 130 hours this week and thought I might die from the caffeine intake.

    In all reality this isn’t news to anyone who works with / for an investment bank, especially since COVID wfh.
    Mar 22, 2021 22
  • You make more than engineers 10 years down the road if you stay on it
    Mar 22, 2021 11
    • Academia.edu
      IDoJ65

      Academia.edu

      IDoJ65
      @Amadeus, no, but there is more upward mobility. There are more management opportunities on the product side than the engineering side, especially at the director level and up.
      Mar 23, 2021
    • New
      #!pro

      New

      PRE
      Salesforce
      #!pro
      How much do they make after 10 years?
      Mar 25, 2021
  • Amazon / Product
    bBfR28

    Go to company page Amazon Product

    bBfR28
    95 hours is a joke. I interned there back before the Saturday rule was put in place and averages were well over 100 back in those years. In my group (2nd worst sweatshop in the bank) we would regularly do 130s. In order to do that you had to get good at not only the all-nighter, but the back-to-back all-nighter, or 40-60 hours without sleep. (Personal record: 59 hours. Unpleasant.)

    Back then we did it because it was the best pay for a 22 year old, bar none. Plus exit opps. Tech was not close.

    I have no idea why people do it now. As you can tell, I switched to tech.
    Mar 22, 2021 10
    • BlackRock / Other
      mainname

      Go to company page BlackRock Other

      mainname
      LOL no way it's all year around, nowadays if there's a live deal you might need to pull 100hrs, a normal week is just 70hrs
      Mar 23, 2021
    • New
      Lodestar

      New

      Lodestar
      @Amazon/Product bBfr28 - Mind sharing whats your total exp now and how many in PM? TC? Wher did you so your MBA from?
      Apr 7, 2021