The typical base compensation for a partner at Goldman Sachs is approximately $950,000 per year, according to data from Glassdoor. Bonuses and other forms of remuneration, which can greatly raise a partner’s overall earnings, are not included in this figure. Top-performing partners at Goldman Sachs have reportedly received more than $10 million in some years.
At Goldman Sachs, vice presidents (VPs) can make substantial salaries. According to Glassdoor data, a vice president at Goldman Sachs typically makes $170,000 in base pay year and more than $300,000 in total compensation. However, it’s important to keep in mind that these numbers might vary significantly based on a person’s field of expertise and amount of experience.
The base pay at Goldman Sachs for second-year analysts is around $130,000 annually, with total compensation ranging from $150,000 to $200,000 annually. Once more, these numbers can change depending on a person’s performance and other elements.
David Solomon, the CEO of Goldman Sachs, is considered one of the company’s highest earners among employees. Solomon received a total of $24.7 million in pay in 2020, which was made up of a $2 million basic salary, a $10 million cash bonus, and $12.7 million in stock-based incentives.
Consequently, can stocks make you rich? Undoubtedly, it is feasible. Through stock-based remuneration, many high-earners at Goldman Sachs and other financial institutions have amassed substantial wealth. Stock investing, however, has risks and may not always lead to financial success. Before making any investing decisions, it’s crucial to conduct research and consult with a financial expert.