Re:Why Goldman Sachs wants junior bankers to take weekends off
by rayiner on Wednesday October 30, 2013 @02:00PM
(#6641969)
No, parent comment said: "Bonus is probably 100-250% of base, and a lot of times the 100% part is guaranteed."
The plain meaning of that is that $130k all-in (100% bonus) is typical, and often guaranteed, with the top bucket being over $225k (250% bonus).
With first-year salaries at Google, etc, pushing $120k+, that's a very relevant difference. It's not accurate to imply that a first-year analyst at a bank could make up to $100k more than that.
Re:Why Goldman Sachs wants junior bankers to take weekends off
by ajiang on Wednesday October 30, 2013 @02:58PM
(#6642446)
You're right, I misread the top end of that range. Top trading firms get close to that, (e.g. Jane Street), but $225k is probably pushing unlikely until your 3rd year.
The plain meaning of that is that $130k all-in (100% bonus) is typical, and often guaranteed, with the top bucket being over $225k (250% bonus).
With first-year salaries at Google, etc, pushing $120k+, that's a very relevant difference. It's not accurate to imply that a first-year analyst at a bank could make up to $100k more than that.