Petem95

BBC NEWS | Business | Goldman's £8bn Christmas jackpot

Cant be right surely?! I know some big bonuses are being paid but thats got to be an error? Surely they mean £32k?!!

pslewis

£32k??

Whats the point of £32k??

No, its £320k ................ a months wages for a Premiership Football Player - hardly a kings ransom?

These people scratch their ***** NOT kick them into some netting!

SWRTWannabe

Sigh, another "I'm in the wrong job" moment

andythejock01wrx

Me too

davyboy

I know of someone who worked here in investment banking.

You'd never know it talk to him, but you might have a clue when you see some of his cars.

Bateman

thats nothing for Goldmans, front office bonus can hit $3Million, probably back/middle office management bonus @£320 k

Bonus is crap now, 7 years ago everyone was make big money

TelBoy

Bateman, it's the highest average they've ever had at Goldies.

"Hundreds" will get £2m+. A few will get £20m+. Now that's proper money.

Chris L

Yeah it's true. What you have to remember is that there are plenty of 'normal people' on 'normal wages'. The figures are skewed by the way the bank is structured around the partners and senior management - who can earn huge bonuses. If that is what you want then fine.

I know someone on their graduate recruitment programme. He went through about a dozen interviews, just to get in. He knows he has effectively given up the next four or five years of his life to establish himself there (the level of committment demanded frightens most people off). After that he probably has another ten years max to make it to partner. If he does that, then he's made for life. That said, as Pete says - they don't give the bonuses for nothing - it is results driven. If you don't make it you're out.

Mind you, even the cast offs from GS tend to be very highly sort after and normally walk into very nice jobs!

Jay m A

iTrader: (2)

Well there is a typo in the report, £8bn is $15m

Whoever wrote that better not work for GS

TelBoy

As per the article then..?


Aha, i see what you mean!!!

Sorry


I'll cancel my interview

luke m

don't worry. most people i know who left university to move into consultancy were chinless wonders. those who had any personality quickly left to find something they actually enjoyed.

DCI Gene Hunt

That's the AVERAGE btw, some got more

ChefDude

if you know anything about invesment finance and management, you could earn a packet too

a senior front office c# developer will be be £65-75K as a guage. the same c# developer with no front office knowledge would be on £40-45K elsewhere.

Jay m A

iTrader: (2)

It did say


Before they edited it!

honest

cottonfoo

There is no difference in the actual technical side of the job, it's just the banking experience they require, which isn't really that much for a tech job.

That and someone who doesn't get so completely and utterly bored out of their skull doing the same boring, uncreative thing day in, day out, day in, day out, etc zzzzzZZZZzzzz.

davegtt

But Id bet more got less

TelBoy

Very few at GS are on less than 100k basic. It's a different world to what most people are used to, even within investment banking. If you buy into the culture, it's a fabulous place to work.

Freak

All of my friends in the city get a whopping bonus.
A very good friend at Ernst & Young got a not insignificant 6 figure one..... but then looking at what hours he works I am not surprised.

KiwiGTI

Great if you like the lifestyle, but a friend of mine was a trader in NY for 13 years, now in London as a strategist, and the it's so competitive you don't have a life. (In the office by 6:30, back home at 10pm etc)

For the hours I actually work in the IT industry I reckon I'm on about £500k :-)

The Chief

I was just going to say i bet its not all one way.

family (if you have one) life must suffer.

The working day must be ridiculous

davyboy

You can try and convince yourself you wouldn't do it

jjones

wonder if the shoe shine boy got to cash in

KiwiGTI

I wouldn't, you can earn more than them in basic salary in IT if you are good enough - you just miss out the bonuses.

The fact is if you want to do it you are owned by the companies while you work for them. Plus they generally seem to be a humourless lot anyway. Far too serious for me.

scooter(WRX03 PPP)

I used to be a senior manager at Ernst & Young, worked ridiculous hours and the wages were not that bad, BUT the bonuses were roughly 5k for back office senior management and NOT the kind of bonuses you hear about on the news. They always quote the average bonus which really p1sses me off as most get 1 or 2 thousand (if you're lucky) and a few get a few million.

The Chief

So sticking your finger out in the boardroom whilst saying 'pull my finger' and farting would not go down too well i take it?

Bateman

Are you sure ? go down to pretty much any trading floor and it will be empty by 5.30, but sure to be populated before 7.30 am Brokers are even worse !

Bateman

Yep, I used to work for a large Swiss house in Equity Research, 7am - 7pm after my family came along i moved into back office

KiwiGTI

That's what a lot of the guys around my area do, but then most are US expats so they stay longer while the US market is open too.

marky1

Their top trader, head of their prop trading desk received a £50 million pound bonus.

KiwiGTI

Why would you bother working anymore?