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Does anybody or their spouse

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Kate07
Feel better my little guy!

Member since 5/05

4476 total posts

Name:
Kate

Does anybody or their spouse

Work at Goldman Sachs?


If so, HAPPY HOLIDAYS Chat Icon Chat Icon Chat Icon

A big, big bonus at Goldman Sachs By N.J. Burkett
(New York - WABC, December 13, 2006) - Wall Street giant Goldman Sachs will set a record this year when it comes to paying bonuses.

It is giving out $16.5 billion. Some top executives are expected to get a whopping $100 million dollars.
They are the highest paid people in one of the world's richest cities, and they're about to make even more.

After a year of record profits on Wall Street, investment banks are dividing up the winnings. Goldman Sachs is reportedly leading the way:


Average worker at Goldman will take home $622,000 this year Chat Icon Chat Icon Chat Icon
Senior administrators will get $5 to 10 million dollars
Senior executives and traders get $10 to 20 million each
Company CEO and department heads get $25 million
Top traders will get $50 million and more
"The reason they're making so much money for themselves is because they're making so much money for their firms ... You can debate all day whether it's fair or unfair but they're being compensated as a portion of what they're making," Neil Weinberg, of Forbes Magazine, said.

The bonuses help fuel the city's economy through income taxes and sales taxes. Everyone from luxury car dealers to jewelers will feel it.

But economists say Wall Street's richest drive up the cost of living in New York and widen the gap between the rich and everyone else.

(Copyright 2006 by The Associated Press, All Rights Reserved)

Message edited 12/14/2006 8:31:42 AM.

Posted 12/14/06 8:31 AM
 
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Kissy331
My two miracles!

Member since 5/06

17826 total posts

Name:
Kristen

Re: Does anybody or their spouse

My FIL told me about this last night! I wish I knew someone that worked there Chat Icon That will help with the xmas bills!!!

Posted 12/14/06 8:32 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Does anybody or their spouse

Posted by Kate07

Average worker at Goldman will take home $622,000 this year


Chat Icon Chat Icon I am so jealous

Posted 12/14/06 8:34 AM
 

karacg
Babygirl is 4!

Member since 5/05

17076 total posts

Name:
Kara®

Re: Does anybody or their spouse

No kidding -- DH told me about this last night too. He is sooooo in the wrong industry!!

Message edited 12/14/2006 8:37:06 AM.

Posted 12/14/06 8:36 AM
 

rose825
Best Friends

Member since 6/05

10228 total posts

Name:

Re: Does anybody or their spouse

we all are, I have a masters and save lives. I got a $10 gift card to stop & shop. Chat Icon

Posted 12/14/06 8:38 AM
 

Christine
2nd verse same as the 1st

Member since 5/05

15287 total posts

Name:

Re: Does anybody or their spouse

Posted by karacg

No kidding -- DH told me about this last night too. He is sooooo in the wrong industry!!



So am I! Chat Icon

Posted 12/14/06 8:39 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Does anybody or their spouse

Posted by rose825

we all are, I have a masters and save lives. I got a $10 gift card to stop & shop. Chat Icon

Chat Icon yuck! that really stinks! I would rather not get anything at all if that is it! Chat Icon

Posted 12/14/06 8:41 AM
 

LuckySV
LIF Adult

Member since 10/05

4675 total posts

Name:

Re: Does anybody or their spouse

Posted by rose825

we all are, I have a masters and save lives. I got a $10 gift card to stop & shop. Chat Icon



I didn't even get my free turkey this year from my employer. Chat Icon Chat Icon They stink Chat Icon

Posted 12/14/06 8:43 AM
 

MrsMerlot
Unconditional Love

Member since 4/06

6005 total posts

Name:
Chrissy

Re: Does anybody or their spouse

um yeah...this basically applies to the executives...not the employees who make less than 100K

Posted 12/14/06 8:45 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Does anybody or their spouse

Posted by ChrissynRicky

um yeah...this basically applies to the executives...not the employees who make less than 100K

I'm assuming that most ppl in that company would make at least 100K. they are known for paying very generously. I bet even the Admins get paid around 100K or more

Message edited 12/14/2006 8:47:29 AM.

Posted 12/14/06 8:47 AM
 

mtnmama

Member since 5/06

4794 total posts

Name:

Message edited 6/4/2009 11:08:16 AM.

Posted 12/14/06 8:47 AM
 

Lisa
I'm a PANK!!!

Member since 5/05

22334 total posts

Name:
Professional Aunts No Kids

Re: Does anybody or their spouse

Goldman has always been very generous with their bonuses because they expect you the EAT, LIVE and BREATH Goldman!! Chat Icon Chat Icon

I had friends that worked there years ago....as traders assistants that got a 100% bonus every year. Can you imagine making $90k and getting a $90k bonus?? Chat Icon Chat Icon

NICE!!!! Chat Icon Chat Icon Chat Icon Chat Icon

Posted 12/14/06 8:48 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Does anybody or their spouse

Posted by cpanyc

Posted by SweetestOfPeas

Posted by Kate07

Average worker at Goldman will take home $622,000 this year


Chat Icon Chat Icon I am so jealous



Don't be to jealous, my best friend works there, she has no personal life. She works 13-14 hour days - every day. A number of old GS people work with me now and they all say the same thing - the hours are horrible in all the departments. You may be making a big bonus, but that doesn't give you your life back. Chat Icon

yea, I guess you have a point.

Posted 12/14/06 8:48 AM
 

tray831
Dee-licious!

Member since 3/06

5355 total posts

Name:
His Baby

Re: Does anybody or their spouse

My sister in law's sister does. Has been for many years..........and her bonuses are just about as much as her salary.

She does very well. Chat Icon

ETA: She does put in a lot of hours. There are nights she doesnt come home until after 8-9pm.

Message edited 12/14/2006 8:52:02 AM.

Posted 12/14/06 8:48 AM
 

mtnmama

Member since 5/06

4794 total posts

Name:

Message edited 6/4/2009 11:07:45 AM.

Posted 12/14/06 8:49 AM
 

nov04libride
big brother <3

Member since 5/05

14672 total posts

Name:
Me

Re: Does anybody or their spouse

Posted by SweetestOfPeas

Posted by ChrissynRicky

um yeah...this basically applies to the executives...not the employees who make less than 100K

I'm assuming that most ppl in that company would make at least 100K. they are known for paying very generously. I bet even the Admins get paid around 100K or more



No...I started at Morgan Stanley after college but had an offer from Goldman too. They were both below 6 figures. High salaries for a 21 year old, certainly, but the traders and sales people straight from college and in training programs don't make 6 figures to start...Not for a while until you have your own accounts.

Posted 12/14/06 8:49 AM
 

SweetestOfPeas
J'taime Paris!

Member since 3/06

32345 total posts

Name:

Re: Does anybody or their spouse

Posted by nov04libride

Posted by SweetestOfPeas

Posted by ChrissynRicky

um yeah...this basically applies to the executives...not the employees who make less than 100K

I'm assuming that most ppl in that company would make at least 100K. they are known for paying very generously. I bet even the Admins get paid around 100K or more



No...I started at Morgan Stanley after college but had an offer from Goldman too. They were both below 6 figures. High salaries for a 21 year old, certainly, but the traders and sales people straight from college and in training programs don't make 6 figures to start...Not for a while until you have your own accounts.

that makes sense... I guess I wasn't thinking about the right out of college ppl.

Posted 12/14/06 8:51 AM
 

Lisa
I'm a PANK!!!

Member since 5/05

22334 total posts

Name:
Professional Aunts No Kids

Re: Does anybody or their spouse

Posted by nov04libride

No...I started at Morgan Stanley after college but had an offer from Goldman too. They were both below 6 figures. High salaries for a 21 year old, certainly, but the traders and sales people straight from college and in training programs don't make 6 figures to start...Not for a while until you have your own accounts.



You still work for Morgan Stanley?? I worked for them for 8 years!! Chat Icon

Posted 12/14/06 8:52 AM
 

Kate07
Feel better my little guy!

Member since 5/05

4476 total posts

Name:
Kate

Re: Does anybody or their spouse

Posted by Kate07

Average worker at Goldman will take home $622,000 this year Chat Icon Chat Icon Chat Icon
Senior administrators will get $5 to 10 million dollars
Senior executives and traders get $10 to 20 million each
Company CEO and department heads get $25 million
Top traders will get $50 million and more



Again it is the avg worker. I don't think a 22 year old is the average worker. I would assume it was somebody with several years under their belt.

I work for Big 4 Accounting firm and I work more hours than I care to think. My client is on wall street I pass Deutsche Bank every night when I leave - and they're all just coming down to pick up their dinners to head back up to do work.

That being said - it is still a VERY nice bonus.

Posted 12/14/06 8:54 AM
 

nov04libride
big brother <3

Member since 5/05

14672 total posts

Name:
Me

Re: Does anybody or their spouse

Posted by Lisa

Posted by nov04libride

No...I started at Morgan Stanley after college but had an offer from Goldman too. They were both below 6 figures. High salaries for a 21 year old, certainly, but the traders and sales people straight from college and in training programs don't make 6 figures to start...Not for a while until you have your own accounts.



You still work for Morgan Stanley?? I worked for them for 8 years!! Chat Icon



Not anymore, but I did for a few years out of college! I was at 1585 Broadway!

Posted 12/14/06 8:55 AM
 

nov04libride
big brother <3

Member since 5/05

14672 total posts

Name:
Me

Re: Does anybody or their spouse

Posted by Kate07

Posted by Kate07

Average worker at Goldman will take home $622,000 this year Chat Icon Chat Icon Chat Icon
Senior administrators will get $5 to 10 million dollars
Senior executives and traders get $10 to 20 million each
Company CEO and department heads get $25 million
Top traders will get $50 million and more



Again it is the avg worker. I don't think a 22 year old is the average worker. I would assume it was somebody with several years under their belt.

I work for Big 4 Accounting firm and I work more hours than I care to think. My client is on wall street I pass Deutsche Bank every night when I leave - and they're all just coming down to pick up their dinners to head back up to do work.

That being said - it is still a VERY nice bonus.



Oh, I know, I definitely believe it, I just meant not everyone makes that much. They do have large training programs that are basically all people straight from college, but the managing director salaries definitely make up for the young people.

Posted 12/14/06 8:56 AM
 

dom-n-nic
LIF Adult

Member since 5/05

1143 total posts

Name:
nicole

Re: Does anybody or their spouse

Posted by Kate07

Work at Goldman Sachs?


If so, HAPPY HOLIDAYS Chat Icon Chat Icon Chat Icon

A big, big bonus at Goldman Sachs By N.J. Burkett
(New York - WABC, December 13, 2006) - Wall Street giant Goldman Sachs will set a record this year when it comes to paying bonuses.

It is giving out $16.5 billion. Some top executives are expected to get a whopping $100 million dollars.
They are the highest paid people in one of the world's richest cities, and they're about to make even more.

After a year of record profits on Wall Street, investment banks are dividing up the winnings. Goldman Sachs is reportedly leading the way:


Average worker at Goldman will take home $622,000 this year Chat Icon Chat Icon Chat Icon
Senior administrators will get $5 to 10 million dollars
Senior executives and traders get $10 to 20 million each
Company CEO and department heads get $25 million
Top traders will get $50 million and more
"The reason they're making so much money for themselves is because they're making so much money for their firms ... You can debate all day whether it's fair or unfair but they're being compensated as a portion of what they're making," Neil Weinberg, of Forbes Magazine, said.

The bonuses help fuel the city's economy through income taxes and sales taxes. Everyone from luxury car dealers to jewelers will feel it.

But economists say Wall Street's richest drive up the cost of living in New York and widen the gap between the rich and everyone else.

(Copyright 2006 by The Associated Press, All Rights Reserved)




dh's cousin does

Posted 12/14/06 8:58 AM
 

lululu
LIF Adult

Member since 7/05

9509 total posts

Name:

Re: Does anybody or their spouse

I used to work for Goldman. They do pay very well compared to other firms - but most financial services firms pay pretty well.

As for Admin, my assistant (she worked for me and two others) was making about $75k when i was working there, which was about 5 years ago. Most of the experienced admin there are probably making close to $100 but there probably arent too many that are making more than $100.

The people that make the big bucks are the higher ups, the revenue generators.

Posted 12/14/06 8:59 AM
 

Kate07
Feel better my little guy!

Member since 5/05

4476 total posts

Name:
Kate

Re: Does anybody or their spouse

Posted by nov04libride
Oh, I know, I definitely believe it, I just meant not everyone makes that much. They do have large training programs that are basically all people straight from college, but the managing director salaries definitely make up for the young people.



I had opportunities to work for Morgan Stanley, Bear Stearns, and Alliance Capital. I just couldn't imagine myself dealing with the stress - and I know i made the right choice.

The people at Morgan Stanley were my favorite to interview with. They had the most personality. I didn't like the HR people at Bear Stearns and Alliance Capital - well...I would never advise anyone to apply - I was contacted by them. They were jerks.

Posted 12/14/06 9:00 AM
 

Tany
Becoming a different woman

Member since 5/05

24460 total posts

Name:
Tania

Re: Does anybody or their spouse

holy moly Chat Icon

in all honesty, that's a tough job they do.

Posted 12/14/06 9:02 AM
 
Pages: [1] 2
 

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