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.
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).
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.
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.