Salaries of Analysts, Associates, VPs, Directors, and MDs in Goldman Sachs in the US and Switzerland
The salaries at Goldman Sachs in the United States and Switzerland are comparable given the similar cost of living, with Switzerland often having a slightly higher cost. This article provides an overview of the typical salaries and year-end bonuses for various positions at Goldman Sachs, along with some key insights into the salary structure and variations across different divisions.
Entry-Level Positions: Analysts and Associates
Recent graduates and entry-level employees at Goldman Sachs start with an Analyst role. The minimum starting salary for an Analyst is around 80,000 USD or CHF in Switzerland, with a year-end bonus that adds to this base salary. This compensation package can range from 100,000 to 110,000 USD or CHF in the US and Switzerland, respectively.
For an Associate, especially in financial analysis, the starting salary ranges from 150,000 to 160,000 USD or CHF, including the year-end bonus. It's important to note that these figures can vary based on division and performance.
Mid-Level and Senior Positions
After the initial year, salaries at Goldman Sachs can significantly vary based on performance, experience, and the role. Mid-level positions such as Vice Presidents (VPs) and Directors can earn significantly more, with base salaries ranging from 300,000 to 400,000 USD or CHF.
Managing Directors (MDs) at Goldman Sachs are among the highest earners, with an average base salary and bonuses that can reach up to 1 million USD or CHF or more, depending on performance and specific role.
Divisional Variations
The salaries can also differ based on the divisions within Goldman Sachs, with certain divisions paying higher than others. For instance, sectors like Mergers and Acquisitions (MA), Equity Research, and Sales and Trading tend to offer higher salaries due to the high performance and competitive nature of these roles.
Therefore, it's essential to consider which division you might be joining when evaluating salary expectations. MA professionals, for example, often earn more than those in operations or risk management due to the nature of their work and the high demands on performance.
Additional Resources and Sources
For detailed and up-to-date information on salaries, Glassdoor is a valuable resource. Employees at Goldman Sachs frequently post their salaries and bonuses, providing a comprehensive picture of the average earnings and bonus schemes for various roles.
It's also worth noting that the compensation package at Goldman Sachs typically includes significant performance incentives, further boosting the total earnings of employees. These incentives are directly tied to the performance and success of the employee, as well as the success of the business they are working for.
Overall, while the base salaries at Goldman Sachs are competitive, the potential for earning significant bonuses through performance and success makes this a highly attractive career opportunity for many professionals aiming to maximize their earnings and advance their career.