The hard work at Goldman Sachs pays off – especially if you have a partner.
As Goldman completes a record year, Elite Bank partners get an extra bump in their bonus this year, According to a LOVEBYLIFE report.
The one-time bonus rests on the basic remuneration of the bonus and bonus – and, according to the report, can add millions of dollars to each partner’s salary. But those close to the bank warned that this was a one-time deal – and it would not be repeated next year.
Banks such as Goldman Sachs and JPMorgan have recorded record earnings, with ballooning payments coming back to life. At the same time, Wall Street bankers are facing more punishing work weeks – with a wide range of options as the epidemic raises career prospects.
With the historical tide of mergers, IPOs, spinoffs and other big strategic businesses, keeping top performers happy is becoming increasingly important.
Bonuses on Wall Street are expected to hit records this year, as financial giants such as Goldman Sachs and JPMorgan are facing a shortage of bankers, and demand for dealmaking continues to increase.