What is the annual salary of Goldman Sachs CEO?
Asked by: Dr. Brent Bashirian IV | Last update: October 29, 2023Score: 4.2/5 (62 votes)
Goldman Sachs cut CEO David Solomon's pay by about 30% in 2022 to $25 million, compared to $35 million in 2021. Solomon's annual base salary is $2 million, which remains unchanged year-over-year, and he made $23 million in annual variable compensation last year, according to a Securities and Exchange Commission filing.
What does David Solomon make a year?
Mr. Solomon received $25 million in total compensation last year, down from $35 million in 2021. His 2022 pay package consisted of a $2 million base salary, a cash bonus of $6.9 million and a $16.1 million stock award that is tied to how well the bank performs in the next few years, Goldman said in a regulatory filing.
How much do Goldman Sachs partners make?
Goldman Sachs Salary FAQs
How does the salary as a Partner at Goldman Sachs compare with the base salary range for this job? The average salary for a Partner is $189,648 per year in United States, which is 62% lower than the average Goldman Sachs salary of $502,403 per year for this job.
What is the highest paid job at Goldman Sachs?
The highest-paying job at Goldman Sachs is a Managing Director with a salary of ₹176.1 Lakhs per year. The top 10% of employees earn more than ₹40 lakhs per year. The top 1% earn more than a whopping ₹97.18 lakhs per year.
Who is the highest paid Goldman employee?
The highest paying jobs at Goldman Sachs are managing director, vice president research, finance vice president, and associate.
Goldman Sachs Cuts CEO David Solomon's Pay About 30%
What is the highest salary of Goldman Sachs analyst?
Average Goldman Sachs Analyst salary in India is ₹ 14.0 Lakhs for less than 1 year of experience to 4 years. Analyst salary at Goldman Sachs India ranges between ₹ 1.5 Lakhs to ₹ 49.0 Lakhs.
How much money do you have to have to work with Goldman Sachs?
The group generally requires its clients to have at least $10 million invested with Goldman Sachs.
How much money does a managing director at Goldman Sachs make?
How much does a Goldman Sachs Managing Director make? As of Jul 9, 2023, the average annual pay for a Goldman Sachs Managing Director in the United States is $106,007 a year.
Which bank CEO has the highest salary?
Amitabh Chaudhry of Axis Bank was the highest paid managing director and chief executive officer among bankers in fiscal 2022, according to reports. Chaudhry received a total remuneration of Rs 7.63 crore in FY22, including Rs 89 lakh was variable pay.
Which CEO has the highest salary in world?
Elon Musk
Tesla's CEO Elon Musk is the highest paid CEO in the world. His salary was USD 23.5 billion approximately in the year 2022.
Did Goldman Sachs CEO take a pay cut?
(GS. N) slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in a filing Friday. Solomon's pay comprises a $2 million base salary, $6.9 million cash bonus and $16.1 million in restricted stock. He was paid $35 million for 2021.
What is the pay scale of VP in Goldman Sachs?
How much do you earn as a vice president at Goldman Sachs? According to last year's salary and bonus survey from recruitment firm Arkesden Partners, the going rate for VPs in London was between £248k and £315k ($338k to $429k) in total compensation in 2021.
How much does the CEO of Bank of America make per year?
Bank of America cut CEO Brian Moynihan's compensation by 6.3% in 2022 — to $30 million, from $32 million, according to a Securities and Exchange Commission filing Friday.
What is Larry Fink salary?
reduced Chief Executive Officer Larry Fink's total compensation to $25.2 million for 2022, a 30% decline from the previous year, according to a regulatory filing. The US market rout and recession fears amid rising interest rates last year took a toll on the world's largest asset manager.
How many hours do people at Goldman Sachs work?
The well-known bulge bracket banks like Goldman Sachs, J.P. Morgan, and Bank of America tend to work analyst-level investment bankers at the industry standard scale of 60-80 hours per week.
What is the average age of a Goldman Sachs employee?
The average age at Goldman Sachs is 28: youthful promotions are an inevitability. Meanwhile, Goldman's giant MD class, which is skewed towards trading, has a message of its own: that Goldman has promoted so many people suggests it's working hard to retain them after a difficult year.
What is the benefit working at Goldman Sachs?
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
What is the first year bonus for Goldman Sachs?
In 2019, Goldman Sachs' first year analyst salaries were closer to $80k and Goldman's first year analyst bonuses were closer to $44k. The firm's salaries have since increased by $30k and its bonuses haven't dropped proportionately.
What is the highest salary of investment banker in Goldman Sachs?
Investment Banker salary at Goldman Sachs India ranges between ₹ 21.0 Lakhs to ₹ 62.0 Lakhs. According to our estimates it is 774% more than the average Investment Banker Salary in Investment Banking / Venture Capital / Private Equity Companies.
What are the levels at Goldman Sachs?
The structure of Goldman Sachs is best exemplified by its career advancement process. Recruits start as Analysts and are then promoted to Associate, Executive Director/Vice President, and occasionally, Managing Director.
Which bank pays highest salary in US?
Perhaps not too surprisingly, Goldman Sachs pays both VPs and financial analysts more than any other bank. Vice presidents at Goldman score a base salary of $165,424 a year, on average, while financial analysts make $74,958.
How big are Goldman Sachs bonuses?
Last year, the average analyst bonus was $95,000, while those at the vice president level got an average bonus of more than $500,000. The bonus bummer comes just a week after Goldman cut 3,200 employees from its ranks.
How prestigious is Goldman?
Bankers continue to regard Goldman Sachs as the world's most prestigious bank, followed (as always) by Morgan Stanley and JP Morgan. Credit Suisse and UBS lost the most ground in 2022 while LionTree Advisors' reputation improved the most in the eyes of bankers.