Average Salary for The Goldman Sachs Group, Inc. Employees

Headquartered in New York City, N.Y., The Goldman Sachs Group, Inc. offers a range of employment opportunities in the financial services, from Financial Analyst to Operations Analyst. The Goldman Sachs Group, Inc. employees enjoy considerable salaries — pay is approximately $96K per year on average. At The Goldman Sachs Group, Inc., the biggest piece of the paycheck puzzle is your experience level — it impacts salary more than anything else — though your job title and geography each factor into the equation as well. This report is based on responses to the PayScale salary survey.

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How This Employer Pays

The Goldman Sachs Group, Inc. typically pays:
7%
above market
Similar employers pay:
5%
above market
Employer: The Goldman Sachs Group, Inc.
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
[-]Financial Analyst (24)
$46,264 - $103,000  
   
[-]Financial Analyst (24)
Salary$44,026 - $81,325  
   
Bonus$2,000 - $35,000  
Total Pay$46,264 - $103,000  
[+]Vice President (VP), Information Technology (IT) (17)
$126,985 - $200,442  
   
[+]Vice President (VP), Information Technology (IT) (17)
Salary$108,497 - $172,390  
   
Bonus$10,766 - $57,192  
Profit Disbursement$3,035 - $14,848  
Total Pay$126,985 - $200,442  
[+]Operations Analyst (17)
$44,342 - $68,930  
   
[+]Operations Analyst (17)
Salary$43,676 - $61,825  
   
Bonus$-0.50 - $9,863  
Total Pay$44,342 - $68,930  
[+]Software Engineer (8)
$65,361 - $171,265  
   
[+]Software Engineer (8)
Salary$65,178 - $146,070  
   
Bonus$3,230 - $34,742  
Total Pay$65,361 - $171,265  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 29 Mar 2015 | Individuals Reporting: 267

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About This Company

200 West Street
New York City, New York 10004

1869

Financial Services, Security Brokers, Dealers, and Flotation Companies, Investment banking, Securities Brokerage, Private equity

30,522

Goldman Sachs, Goldman Sachs & Co


Freebase CC-BY Source: Freebase, licensed under CC-BY

Years of Experience

Respondents who have been working for five to nine years make $103K annually on average. Broken down by tenure, the largest share of The Goldman Sachs Group, Inc. employees (34 percent) have one to four years of experience and earn $70K per year on average.

Jobs

The highest average salaries go to VPs of Information Technology, who bring in close to approximately $127K annually, though VPs of Operations are not far behind at about $125K along with VPs of Finance ($118K) and Software Engineers (around $88K). The Goldman Sachs Group, Inc. hands out some of the smallest paychecks to Operations Analysts ($48K on average).

Locations

When it comes to location, the highest average paycheck (approximately $112K per year) can be spotted in Jersey City, N.J.; New York, N.Y. ($100K), San Francisco, Calif. ($74K), and Chicago, Ill. (around $70K) are the next top-paying cities. Salt Lake City, Utah is one of the lowest-paid cities, with earnings averaging about $55K. The highest pay by state can be found in New Jersey, where salaries average out at around $111K annually.

Certifications and Degrees

Licensed Security Dealers receive bigger paychecks ($144K per year) than those without credentials. Becoming an Uniform Securities Agent State Law Holder can certainly pay off here; those folks make $134K on average. The best paid folks at The Goldman Sachs Group, Inc. have a Master of Business Administration (MBA), Finance, earning about $162K annually.

Skills

When it comes to skills, Java/J2EE seems to bolster pay the most; employees who claim proficiency also enjoy a median income of approximately $121K per year. Financial Analysis also popped up often in the survey as an important skill; just under one in four of employees surveyed report using it at work. Key skills also include Project Management, Data Analysis, and Microsoft Excel.

Benefits and Perks

Benefits packages do tend to lack paid time off; The Goldman Sachs Group, Inc. gives paid vacation days to one in four respondents and sick leave to one-seventh of workers. For employees looking to save up for their golden years, The Goldman Sachs Group, Inc. provides an optional 401(k) plan, and nearly all employees participate. Almost all respondents receive health insurance, and a large number of respondents get dental coverage. Advantages of working here also include gym membership, life insurance, tuition reimbursement, and a subsidized cell phone.

Key Stats for The Goldman Sachs Group, Inc.

Gender

Female
36 %
Male
64 %
Salary
$54,323 - $101,267
Salary
$47,834 - $121,767
Less than 1 year
15%
1-4 years
35%
5-9 years
32%
10-19 years
17%
20 years or more
3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 34 votes.
United States (change)

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