Goldman Sachs Bonus Condition

May 30, 2020 94 Comments

I have an offer for GS: 160k, 75k bonus, 18k reloc and RSUs (TBD). I may be able to negotiate bonus to 100k
From my understanding the bonus will be paid full end of year, even if I join now/July.

My question is: what happens if I leave after 6 months? Do I need to return back the bonus? Reloc?
Any consequences? I got an offer for FB as E4, however they aren't hiring at that level anymore and the recruiter said roles may not open up until early next year.

I'm thinking of accepting Goldman Sachs because the 6 month TC is greater than my current TC and I get to try something new (project seems interesting and I enjoyed talking to the team during the interview). If I love it, I have the option of staying. If I don't, I can join FB when a spot opens up early next year.

YOE: 4
#goldmansachs #gs #facebook

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TOP 94 Comments
  • Amazon / Data
    amazan

    Go to company page Amazon Data

    amazan
    100k or 75k bonus comes with a 2 year string attached, if you leave before that you will pay back the prorated amount. If you leave under a year you will need to pay back 100%, and 80% of the relocation bonus.
    May 30, 2020 6
    • Grab / Eng
      DM_asap

      Go to company page Grab Eng

      DM_asap
      The annual bonus is performance based or it is guaranteed one? Because AFAIK, they don't write bonus amount on offer letter.
      May 31, 2020
    • Relocation should be returned if you resign within one year. There are no such things attached with the year end bonus. You get the bonus on the third Thursday of January and you do not need to return it if you leave the firm later. But afaik, the bonus for the first year is prorated.
      Jun 1, 2020
  • Just stay where you are until you get FB/better roles.
    Why go GS for a 6month stint? You won't make significantly more money and the job hopping is a negative on your resume.
    May 31, 2020 0
  • Goldman Sachs gives RSUs? If so, then that is a surprise to me.
    May 30, 2020 6
  • Amazon
    bye a

    Go to company page Amazon

    bye a
    What's wrong with LinkedIn apart from tc?

    What do you mean by "got fb offer". Did you get any numbers? Or Written offer?
    May 30, 2020 4
  • OP
    ALRIGHT guys. I have verified. I will get 100% of the bonus mid January (no matter what - it's not prorated).
    I will also get RSUs (not options) that vest mid January as well.

    The TC for the time period is definitely significantly higher. Would it be a bad decision to try out GS and if I like it, stay. But if I don't like it, (huge possibly based on comments) leave after February? (~6months)
    My biggest concern would be how bad 6 months would look on my resume.
    Jun 8, 2020 4