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Goldman Sachs hikes pay for first-year associates by 30% to $150k

Goldman Sachs is to increase starting salaries for its junior bankers  It comes following complaints of burnout with some younger employees working 100-hour weeks  The pay for first-year analysts will rise to $110,000, second-year to $125,000 while first-year associate will be set a $150,000  Bank of America, Citigroup, JPMorgan, Morgan Stanley have all increased salaries but until now Goldman had been reluctant 

Goldman Sachs eyes deal windfall as earnings smash forecasts | Money

Wednesday, 14 Jul 2021 08:19 AM MYT Goldman s investment banking revenue rose 36 per cent to US$3.61 billion in the latest quarter. Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. NEW YORK, July 14 ― Goldman Sachs Group Inc executives said a record backlog of deals will help drive profits for the rest of the year after the bank smashed second-quarter estimates. Deals worth US$1.5 trillion (RM6.3 trillion) were announced in the three months to June 30 despite slowing activity among blank-check firms, more than any second quarter on record and up 13 per cent from the record first quarter of the year, according to Refinitiv data.

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