Goldman Pay Rises to $622,000 on Average Per Employee
Dec. 12 (Bloomberg) — Goldman Sachs Group Inc. is paying its employees an average of $622,000 this year, after posting the highest profit ever for a securities firm.
The firm set aside $16.5 billion for salaries, bonuses and benefits for its 26,467 employees in the fiscal year ending in November, 40 percent more than it paid out all of last year, according to Goldman’s earnings report today. The firm allocated 43.7 percent of its revenue for pay, down from 46.6 percent.
I raise my annual budget from these guys.