Sayeth head of human capital management, Edith Cooper:
“When you are on the fifth version of something and working late, you are not going to have your paycheck piled up in front of you,” she says. “What is going to keep you going is that you are interested in the business.”
Goldman Sachs says applications for full-time positions rose 31 percent in 2010 from 2009. Only one in 45 people who apply -- 2.2 percent -- gets a job. Goldman is the most profitable firm in Wall Street history and divvies up billions a year in profit among workers. Goldman Sachs shares yesterday rose to the highest in six months after the company reported $1.9 billion in profit for the third quarter, exceeding analysts’ expectations. Still, Cooper says, those out for the money alone are making a mistake.