As a current Goldman Strat I can confirm that the hoodie-wearer is certainly out earning the majority. Only the traders are paid well, everyone else is on a less than competitive wage based on an illusion of how it "used to be". Historically (10+ years ago) the total compensation was accounted for by a big bonus but these days it is non existent.

Almost every VP I know in NYC/LDN makes less than a fresh grad at Google in the bay area.