Quick Answer: How Much Does A First Year Analyst At Goldman Sachs Make?

How much does an analyst at Goldman Sachs earn?

The typical Goldman Sachs Analyst salary is $79,590.

Analyst salaries at Goldman Sachs can range from $14,388 – $224,301..

How much do first year investment bankers make?

The average starting base salary for an investment banker is between $75,000 and $96,000 per year. However, a first-year banker can add to this amount significantly with bonuses, and the better they perform, the more money they make.

Is it hard to get a job in Goldman Sachs?

Goldman Sachs is the premier investment bank in the world. With an acceptance rate of roughly 4%, it’s harder to get into Goldman than it is to get into Harvard or Yale.

Do investment bankers make millions?

Directors, principals, partners and managing directors at the bulge-bracket investment banks can make over a million dollars – sometimes up to tens of millions of dollars – per year. … Investment banks are brokers. A real estate agent who sells a house for $500,000, and makes a 5% commission, makes $25,000 on that sale.

Why is Goldman Sachs so prestigious?

“Prestigious firm with bright people, but very competitive and demanding” Arguably the best financial services firm in the world. They provide their clients with an extremely high level of service. The company compensates employees extremely well, and the firm has an extraordinary level of resources available.

Is it good to work for Goldman Sachs?

Goldman Sachs is not a bad place to work, nor is it always ‘good. ‘ But it is always different. GS offers a huge opportunity to those that “get it” and and work with “it”. It can be a great stepping stone if you want to move on.

How much do first year analysts make?

Elite Boutiques – Generally pay the most. For example, while the standard first year analyst base is currently $85,000, some (but not all) elite boutiques have started offering $95,000 for new analysts.

What does a new analyst do at Goldman Sachs?

When private companies wish to go public in an initial public offering, Goldman Sachs analysts participate by researching the company’s financials. They determine the value of the company and price the stock accordingly. Analysts prepare the stock documents and ensure that all regulations are followed.

Does Goldman Sachs look good on a resume?

“GS: Looks Great on a Resume but the life/culture is not for everyone.” The reputation and the money. Looks very good on a resume. … The benefits package was extremely sufficient and you were also given access to GS’s PWM platform and had access to all GS Research for HNW’s and Institutional Clients.

What jobs will make you rich?

10 Jobs That Could Make You Filthy RichGeneral Physician. Annual Median Wage: $180,180.Corporate Executive (Senior Level) Annual Median Wage: $173,320. Growth Outlook: 11% … Dentist. Annual Median Wage: $146,340. Growth Outlook: 16% … Petroleum Engineer. Annual Median Wage: $130,050. Growth Outlook: 26% … Orthodontist.Data Scientist.Air Traffic Controller.Pharmacist.More items…•

Which bank pays highest salary?

Top 5 Highest Paying Banks For Financial Analysts:Capital One. Average base salary for financial analysts: $73,462.Bank of America. Average base salary for financial analysts: $71,435.Goldman Sachs. Average base salary for financial analysts: $69,461.American Express. … Citi.

Does Goldman Sachs pay well?

Goldman Sachs (GS) has always paid its employees well, and they’re getting paid better. The average Goldman Sachs employee makes $367,564 on an annual basis, according to the firm’s most recent financial disclosures. … Goldman bankers based in the New York City area are doing much better than most New Yorkers.