• 20 Aug 2014 at 12:53 PM

Pay Hike Watch ’15: The Youth Of Goldman Sachs

The youngest members of the House of Lloyd are said to be in for a nice little salary bump.

Goldman Sachs’ junior bankers — known to log grueling 100-hour work weeks — are looking at a more than 20 percent raise next year, two people familiar with the bank’s plans told The Post. That raises the base salary for some first-year analysts to about $85,000 before they even collect their bonuses, one source said. Second- and third-year analysts would likely be making significantly more, depending on where they work within the bank and how much that division makes, the source said. There are no plans to change how much they could make in bonuses, according to the person. Leslie Shribman, a Goldman spokeswoman, declined to comment. The prospective raise, which hasn’t been announced by the bank, comes after Goldman in October granted its analysts Saturdays off.

Goldman Sachs plans 20% pay hike for junior bankers [NYP]

19 comments (hidden to protect delicate sensibilities)
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Comments (19)

  1. Posted by guest | August 20, 2014 at 1:26 PM

    strong beard game, LB.

  2. Posted by Stop Injustice | August 20, 2014 at 1:27 PM

    Maybe Lloyd can spend some of his money on supporting the Rally Against Police Brutality.
    http://nationalactionnetwork.net/wewillnotgoback/

  3. Posted by guest | August 20, 2014 at 1:28 PM

    exciting day, li'l fellas!

  4. Posted by Narcissus Bellicose | August 20, 2014 at 1:43 PM

    From Schenectady to Schermerhorn, sluts and slatterns of every stripe are scheming to score one of unsuspecting stockbrokers!

  5. Posted by Narcissus Bellicose | August 20, 2014 at 1:44 PM

    these

  6. Posted by Silicon Dealer | August 20, 2014 at 2:01 PM

    You can make more in tech. GTFOH

  7. Posted by Guest | August 20, 2014 at 2:07 PM

    So that works out to $85,000/42 =$2,023/interview now?

  8. Posted by Guest | August 20, 2014 at 2:15 PM

    or $18/hour

  9. Posted by Rebecca M. | August 20, 2014 at 3:17 PM

    $85k/year : NYC :: welfare : Cleveland

  10. Posted by Breakven | August 20, 2014 at 3:21 PM

    If you gonna slave, why not slave for a slightly higher base salary….BTW what is real inflation like in NYC between rent, food and other analyst essentials?

  11. Posted by Stop Ignorance | August 20, 2014 at 3:25 PM

    I think he's busy at the March Against Strung-out Petty Thieves Bum-Rushing Law Enforcement

  12. Posted by Rebecca M. | August 20, 2014 at 4:11 PM

    Astralglide prices are getting a bit much. I might need to trim it down to vegetable oil.

    -GS 1st Year EM Analyst

  13. Posted by UFO | August 20, 2014 at 5:30 PM

    You mean local yokel cops on a power trip while dressed as soldiers

    other than that no concerns

  14. Posted by UFO | August 20, 2014 at 5:31 PM

    Shhhh don't mess with people's fiction

  15. Posted by Dick | August 20, 2014 at 8:15 PM

    LB? Lehman Brothers?

  16. Posted by OpportunityCost | August 20, 2014 at 9:26 PM

    No I'm pretty sure that's not what he means

  17. Posted by Guest | August 20, 2014 at 10:56 PM

    Is that to help Rev. Al pay his back taxes and legal judgments?

    – guy with sensitive bullshit meter who is old enough to remember his first shit show with Tawana

  18. Posted by Guest | August 20, 2014 at 11:26 PM

    You can make more winning the lottery. Is it *likely* you're going to make more in tech than working at Goldman? No. Look at the average comp at Facebook and Google if you don't believe me.

  19. Posted by Lord Humongous | August 22, 2014 at 9:22 AM

    Spit is free