Monday, January 17, 2022

Goldman Sachs partners get extra payout

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Hard work at Goldman Sachs pays off – especially if you’re a partner.

According to a Acesparks report, after Goldman completes a record year, the partners in the elite bank will receive additional income in their bonuses this year.

According to the report, the one-time bonus will consist of a base salary and the usual compensation of the bonus, and could add millions of dollars to each partner’s salary. But those close to the bank warn that this is a one-time deal and may not be repeated next year.

Payments are being made as banks like Goldman Sachs and JPMorgan announce record-breaking earnings as the economy recovers. At the same time, Wall Street bankers are facing increasingly punitive work weeks – along with wider opportunities, the pandemic continues to boost career hopes.

As mergers, IPOs, spinoffs and other major strategic deals continue in a historic wave, it is becoming increasingly important to please the best performers.

At a time when financial giants like Goldman Sachs and JPMorgan are battling a sharp shortage of bankers, Wall Street bonuses are expected to hit record levels this year, and even demand for deals continues to grow.

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