"I guess your talking about the cleaning crews and janitors??" Do they make $400,000.00 for cleaning toilets?
Most people at GS are not making 400k. If you want real information about what Goldman employees make checkout www.thevault.com it cost $$ for the information but the information is accurate and solid overall. Investment Banking Salaries: ----------------------------------- First year Associate: $275-325K Associate 2 - 4 years - $425K was high end for class of 04; $325K was low. Most people probably got in between. Developers: -------------------------------- Analyst Developer - $93K base plus bonus 3.5% base. Senior Developer $140k base Bonus 20 - 60k The Partners and top traders at Goldman who bring in 7 and 8 figures represent less than .03% of the firms total employees, and are the ones who skew the salary averages.
Why is everyone concerned about how much the Goldman boys and the other hedgies are making? They are making the 400k average because they deserve it. They employ some of the most intelligent, shrewd, aggressive minds in business.
That's what I was thinking. If somebody is running a desk/portfolio/fund or whatever that made $250m last year they'd be fools not to pay the guy running it accordingly. If he's good and doesn't get the most $$$ he can for his performance he'd bounce and apply elsewhere, work for the competition and GS would have one guy less making money for them.