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"My daughter is very unhappy with her Goldman Sachs bonus"

My daughter works for Goldman Sachs, and she is very unhappy with her pay.

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She graduated from a top college and achieved a job on a trading desk there a few years ago. When she discovered her bonus last week, she was very, very annoyed. 

 

She tells me she is not the only one. Her feeling is that she deserved to receive a lot more and her resume has therefore now hit the Street. She feels that the junior staff are being underpaid while the managing directors are still being paid lavishly, and that it is not fair. 

She says the mistakes with the retail bank have made things worse for her cohort. Since she joined, she says that pay has fallen and that the working environment is less fun - there's less travel and less client entertainment. 

My daughter is highly employable. I am confident that other banks will want her. I would appreciate knowing whether other people are in the same situation.

Elizabeth Marshall is a pseudonym

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AUTHORElizabeth Marshall Global Editor
  • Sh
    Shashi
    19 hours ago

    Just another privileged educated person who studied a,b and c in school and demanding x,y and z at work. You add value, I guarantee any bank will pay you your worth. Adding value is something you have to figure out based on what team she is in, but ultimately if you are not bringing in $$ to the bottom line, banks don't really care about your degrees. The savviest bankers are not the ones who read books and learn things.

  • Pl
    Player1
    22 February 2024

    I wonder what she considers bad pay.. i work for Oppenheimer & Companies back office operations and 85% of us don't even earn $50,000 for the year in salary. And the kicker- same people have worked here over 10 years with that lousy pay. Bonus is non existent. Just 2 weeks ago bonus were given but many received none and some received $1000.00 before taxes.

  • Jo
    John123
    1 February 2024

    Does her Mummy hold her hand when she drops her off at work too? What a load of BS this article is.

  • Do
    DoubtingThomas
    26 January 2024

    What a nonsense article. I doubt any parent anywhere would write such a thing. However, so far as fictitious articles go it seems to have done the trick, with very many comments.

  • An
    AnonMe
    26 January 2024

    This is ridiculous. If she is unhappy about her GS pay, she's not going to be happy anywhere on Wall Street because it's pretty much the same story wherever you go. Bonuses are variable and, for many, not a given from year to year. She better grow a thicker skin and get used to the ups and downs.

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