+1.75 (+1.16%)
As early as this week, Goldman Sachs will announce junior bankers can expect an even more generous payday than their peers at rival firms, The Post has confirmed. First-year bankers will now pull in $110,000 in base compensation, up from $85,000. Second-year analysts will make $125,000, up from $100,000; and associates will rake in $150,000, up from $125,000.
The number only reflects bankers’ base pay and does not include bonuses which can be tens of thousands of dollars and are tailored to the performance of the employee and the bank as a whole.
It’s not clear when the salary increases, which average roughly 30 percent, will go into effect. Goldman declined to comment.
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