Does anyone know what’s the Goldman Sachs company policy on bonus being credited to the bank account? Since the bonus accounts for the last year, Can it still be be withheld if the employee decides to resign after the bonus figures have been revealed? I’m in a soupy situation whereby I might have to resign before the bonus gets credited into my bank account. Why? Because the new company that I am joining requires me to join at a given date. Location: NY 2.5YOE in Tech #tech #goldmanbonus #goldmansachs
Yes. It can be, you should receive bonus soon after its revealed to you. Take it and leave. What's your PATC this year? Role? YOE?
OP’s question is that what if he leaves before the announced bonus is credited to his account🤦🏾♂️
Yes. Updated the question further for better clarity. I might be in a situation where I’ll have to resign before the bonus is credited into my bank account. 2.5YOE in Tech
Leave after bonus deposits into account.
Updated the question further. I might be in a situation where I’ll have to resign before the bonus hits the bank account
How far is the overlap? Starting in Feb and bonus paid in March situation? Can you hold both jobs simultaneously? Are you wfh for both?
Visa status would not allow for both the jobs to be held simultaneously. Overlap is of a few days. Bonus paid in last week of January. Starting of the new job is in first week of February
Is it too late to negotiate sign on bonus to compensate for missed bonus?
If you have resigned or serving notice before you get it, it will be recovered. You can either resign once its credited in your account or get it paid by new employer as joining bonus, with hypothetical amount, if you negotiate with your new employer
This is how it works in Barclays. I'm going to assume its same in your org as well, read * in your comp letter. Worth checking last years comp letter.
I had resigned before the bonus was credited and served notice period of 1 month during which time the bonus was paid
Unless it’s in your bank account nothing is guaranteed.
Bonus will be in your account tomorrow right? Closest Friday after comp day afaik. I have another question though - GS has 1 month notice period, would you get your incremented base for Feb before you leave?
Is notice period really 1 month ? I thought it is at will, no ?
Do you mind sharing what had happened? in the same situation
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whats the TC at Goldman for SWE? curious to know. is it base + annual cash bonus + stocks?
It’s base + annual cash bonus
how much for 10 yoe senior SWE?