Goldman Sachs Bankers See 20% Surge in Pay Pot Due to Share Price Growth

Sunday, 26 May 2024, 16:47

Goldman Sachs bankers in London have witnessed a significant increase in their pay pool, exceeding 20% this year. The surge is attributed to the bank's soaring share price and the removal of bonus caps in the UK. Filings for the first-quarter earnings of Goldman Sachs International reveal a $735m pay pool, resulting in an average payout of $218,000 per staff member.
https://store.livarava.com/87bab9ff-1bb2-11ef-a3da-9d5fa15a64d8.jpg
Goldman Sachs Bankers See 20% Surge in Pay Pot Due to Share Price Growth

Goldman Sachs Pay Pool Surge

Bankers' Compensation Jumps Over 20%

London bankers at Goldman Sachs have experienced a considerable rise in their pay pool, reaching $735m in the first quarter of the year. The surge can be traced back to the unprecedented increase in the bank's share price and the elimination of bonus caps in the UK.

  • Highlights:
    1. Significant Pay Increase: The pay pool for Goldman Sachs employees surged by more than 20%.
    2. First-Quarter Earnings: The earnings report disclosed a $735m pay pot for the period.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe