Looks like Goldman Sachs finally followed suit with the current trend after complaints from analysts about less pay more hours. https://www.reuters.com/business/finance/goldman-sachs-raise-pay-junior-investment-bankers-business-insider-2021-08-02/ Do you guys think it is enough ?
This was unfortunately only for IB.
Unfortunately to get a good raise you have to leave GS.
Yeah, that’s the beauty of GS. You are paid poorly relative to the market for a couple of years and then you hop to FAANG or a hedge fund and you’re good. It’s worth it, based on my own experience. I left a job paying $80k in a city with a population of 300,000 a long time ago, in exchange for an Analyst position at GS that paid $75k in (at the time) America’s most expensive city. I am very glad I did this, as I am now paid above market rate, nearly an order of magnitude more than what I had a rough time living on in NYC nearly a decade ago. Unfortunately, I had to leave some really good companies and teams (culturally, etc) to make it happen. Current job and team are good, too. I’ve described the slightly above average case scenario for a GS analyst. Average case scenario is a good job and company that will eventually pay well. Best case scenario is that you work hard, get lucky and become a partner. After that, you get to eat space-age food they found on Mars while the rest of us are sanctioned to Uber Eats.
JPM IB will be matching
Source?
Only IB or even tech?
Associate 1 wasn’t $150K already? Garbo
Cool - $25/hour!
Lol… so true
Hmm- is this a jab at the long hours? Ford hardcore follows the 40/hr work week rule for plant workers, but the wfh-er’s end up working much more than 40/hr weeks I’m pretty sure…. Except they get Midwest salaries— so…
Why do people still join IB as analysts? Why not just joining Tech DS or going for PM? Seem like being an analyst in IB is real shit
Because tech is like a coal mine and your dad wants you to wear an expensive suit and become an influential Leader.
the thing is that the future influential leaders don’t wear suits…
Tech Industry
Yesterday
1437
Absurdities of the Bay Area 😒
Personal Finance
Yesterday
2671
Should I marry a lazy girl?
AMA
Yesterday
1079
I have worked at TikTok US core tech for 3 years. AMA.
Cars
Yesterday
1598
Electric cars depreciate 10 times faster than gasoline cars
Tech Industry
Yesterday
708
East Asian Men don’t talk to me bc I’m Vietnamese
I hope you know you are support not a banker. No increase for you.