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Kate07
Feel better my little guy!
Member since 5/05 4476 total posts
Name:
Kate
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Does anybody or their spouse
Work at Goldman Sachs?
If so, HAPPY HOLIDAYS   
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 
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.
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Posted 12/14/06 8:31 AM  |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: Does anybody or their spouse
My FIL told me about this last night! I wish I knew someone that worked there  That will help with the xmas bills!!!
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| Posted 12/14/06 8:32 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Does anybody or their spouse
Posted by Kate07
Average worker at Goldman will take home $622,000 this year
  I am so jealous
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| Posted 12/14/06 8:34 AM |
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karacg
Babygirl is 4!
Member since 5/05 17076 total posts
Name:
Kara®
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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.
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| Posted 12/14/06 8:36 AM |
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rose825
Best Friends
Member since 6/05 10228 total posts
Name:
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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. 
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| Posted 12/14/06 8:38 AM |
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Christine
2nd verse same as the 1st
Member since 5/05 15287 total posts
Name:
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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! 
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| Posted 12/14/06 8:39 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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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.
 yuck! that really stinks! I would rather not get anything at all if that is it! 
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| Posted 12/14/06 8:41 AM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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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.
I didn't even get my free turkey this year from my employer. They stink
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| Posted 12/14/06 8:43 AM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: Does anybody or their spouse
um yeah...this basically applies to the executives...not the employees who make less than 100K
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| Posted 12/14/06 8:45 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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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.
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| Posted 12/14/06 8:47 AM |
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mtnmama
Member since 5/06 4794 total posts
Name:
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Message edited 6/4/2009 11:08:16 AM.
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| Posted 12/14/06 8:47 AM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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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!! 
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??
NICE!!!!
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| Posted 12/14/06 8:48 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Does anybody or their spouse
yea, I guess you have a point.
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| Posted 12/14/06 8:48 AM |
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tray831
Dee-licious!
Member since 3/06 5355 total posts
Name:
His Baby
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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. 
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.
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| Posted 12/14/06 8:48 AM |
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mtnmama
Member since 5/06 4794 total posts
Name:
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Message edited 6/4/2009 11:07:45 AM.
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| Posted 12/14/06 8:49 AM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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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.
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| Posted 12/14/06 8:49 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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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.
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| Posted 12/14/06 8:51 AM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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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!!
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| Posted 12/14/06 8:52 AM |
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Kate07
Feel better my little guy!
Member since 5/05 4476 total posts
Name:
Kate
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Re: Does anybody or their spouse
Posted by Kate07
Average worker at Goldman will take home $622,000 this year
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.
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| Posted 12/14/06 8:54 AM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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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!!
Not anymore, but I did for a few years out of college! I was at 1585 Broadway!
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| Posted 12/14/06 8:55 AM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: Does anybody or their spouse
Posted by Kate07
Posted by Kate07
Average worker at Goldman will take home $622,000 this year
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.
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| Posted 12/14/06 8:56 AM |
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dom-n-nic
LIF Adult
Member since 5/05 1143 total posts
Name:
nicole
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Re: Does anybody or their spouse
Posted by Kate07
Work at Goldman Sachs?
If so, HAPPY HOLIDAYS
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
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
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| Posted 12/14/06 8:58 AM |
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lululu
LIF Adult
Member since 7/05 9508 total posts
Name:
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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.
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| Posted 12/14/06 8:59 AM |
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Kate07
Feel better my little guy!
Member since 5/05 4476 total posts
Name:
Kate
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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.
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| Posted 12/14/06 9:00 AM |
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Tany
Becoming a different woman
Member since 5/05 24460 total posts
Name:
Tania
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Re: Does anybody or their spouse
holy moly
in all honesty, that's a tough job they do.
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| Posted 12/14/06 9:02 AM |
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